HDB Shortfall Up 44.4% To $1.7b
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Tue 23 Oct 2018 at 19:19
SINGAPORE: The Housing Board incurs a deficit annually, mainly from its homeownership programmes. The Housing and Development Board’s (HDB) net deficit jumped 44.4 percent to about $1.72 billion in fiscal year 2016/2017 compared to $1.19 billion a year ago, partly due to more new flats being…