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Date Posted: 19:54:33 05/21/03 Wed
Author: frustrated
Subject: Inflation at the Club

Questions raised by Members

Why the inflation at the Club so high?
1. Combining kitchen of Churchill room and Tavern. Original cost was estimated at SG$ 600,000 (In 2002) now: SG$ 1,800,000
2. Maintenance of the swimming pool. Original cost in 2001/2002: SG$ 60,000 now: SG$ 350,000
3. Master development: SGM November 2002 SG$ 25,000,000 now: From the latest financial report SG$ 28,000,000
Considering that during these trouble times, prices in construction business are cheaper than usual in our Club it is the opposite. Why???

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