HDB reports S$2 billion deficit in latest financial year as fewer flats sold

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HDB annual deficit grows to $2 billionSINGAPORE - The Housing Board's deficit climbed to $1.98 billion in the financial year ended March 31, largely on the back of a gross loss on the sale of flats, disbursement of Central Provident Fund (CPF) housing grants and the expected loss for flats that are currently under development.. Read more at straitstimes.com.
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HDB reports S$2 billion deficit in latest financial year as fewer flats soldSINGAPORE: The Housing Development Board (HDB) saw its annual deficit rise to nearly S$2 billion in the 2018/19 financial year from S$1.7 billion ...
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