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#1
31-10-2022, 11:50 AM
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PAP HDB Deficit Reaches S$4.37 Billion! Guess When PAP Will Go Broke?
An honorable member of the Coffee Shop Has Just Posted the Following:
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... Read more Click here to view the whole thread at www.sammyboy.com. 
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