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29-12-2022, 09:40 PM
An honorable member of the Coffee Shop Has Just Posted the Following:

SINGAPORE - The Housing Board’s deficit nearly doubled to a record $4.367 billion (https://www.straitstimes.com/singapore/housing/hdb-s-deficit-nearly-doubles-to-4367b-amid-sharp-increase-in-number-of-bto-projects-started) in the financial year ended March 31, from $2.346 billion the year before.
The higher deficit is largely due to more Build-To-Order (BTO) projects starting construction (https://www.straitstimes.com/singapore/politics/no-significant-disruptions-to-supply-of-construction-materials-or-bto-projects-due-to-ukraine-crisis-desmond-lee) as well as more subsidies and grants disbursed to buyers,
said HDB, which released its annual report on Monday.
Here is what you need to know about HDB’s deficit.

How and why does HDB incur a deficit every year?​

A: HDB...

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