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View Full Version : PAP HDB Deficit Reaches S$4.37 Billion! Guess When PAP Will Go Broke?


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31-10-2022, 11:50 AM
An honorable member of the Coffee Shop Has Just Posted the Following:

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SINGAPORE - The Housing Board’s deficit climbed to a record $4.367 billion in the financial year ended March 31, about 86 per cent higher than $2.346 billion the year before.

The bulk – $3.85 billion – was due to the expected loss for flats being built, disbursement of Central Provident Fund housing grants and a gross loss on the sale of subsidised flats under the home ownership programme, said HDB on Monday.

The loss incurred under the programme is...

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