The case involved a Facebook post three days ago, said the Ministry of National Development in a news release on Sunday .
"If we take into account the CPF housing grants that HDB will extend to eligible buyers, the deficit is higher still," MND said. For the financial year 2021/2022, HDB incurred a deficit of S$3.85 billion in its Homeownership Programme.The deficit is mainly due to"significant subsidies" for new flats and the disbursement of CPF housing grants for eligible buyers, MND said.
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