HDB builds more flats, records higher net deficit - Page 4

Jon-san · 23-10-2013, 10:14 PM

Quote:

Originally Posted by globalcookie

To get the answer, write in to HDB, ask them, see what they reply, and share it with us too.

Else it's all unfair speculation. Pple working in civil service are not MIW, but just ordinary ppl like us.

Agreed on this.

globalcookie · 17-12-2014, 06:19 PM

HDB deficit spikes sharply to almost S$2 billion
By Olivia Siong, Channel NewsAsia
POSTED: 17 Dec 2014 15:15

SINGAPORE: The Housing and Development Board (HDB) saw its deficit in the last financial year more than double to S$1.973 billion as it stepped up the building of homes.

According to HDB’s annual report, its overall net deficit for the last financial year – from April 2013 to March 2014 – was S$1.973 billion before Government grants, up from S$797 million the previous year. Its home ownership segment reported a deficit of S$1.927 billion, up from S$719 million.

HDB attributed the deficit to efforts to deliver on its building programme, which aims to help more Singaporeans own homes as well as provide homes for lower-income families.

A total of 13,310 homes were sold in the last financial year, 2,777 units more than the previous year, according to the annual report.

HDB also said it made a series of enhancements to its programmes in the last year. This includes raising the income ceiling for the Special CPF Housing Grant, as well as extending the scheme to first-time buyers of four-room flats in non-mature estates from July 2013.

Since the scheme was introduced in 2011, about 10,500 households have benefited from the grant. As of October this year, HDB said it has disbursed about S$158 million. Of the households which have benefited, more than 8,700 took up the grant after the enhancement. The majority of these households were eligible or had received a bigger grant as a result of the changes, HDB said.

HDB’s upgrading segment reported its deficit had narrowed to S$568 million dollars from S$619 million the previous year, due to the Lift Upgrading Programme coming to an end. The S$5 billion programme has been implemented in 98 per cent of HDB blocks that were built without direct lift access.

According to the report, lift upgrading works have been completed in 72 precincts under the programme. As of October this year, works for the remaining 66 precincts under the programme are on track, HDB said.

- CNA/cy

------------------------
Hear Hear Hear!

Don't say HDB make profit hor... they 'toh tiap' to sell buyers new flats hor! Must appreciate and must return to them hor.

Auratus · 17-12-2014, 06:22 PM

Quote:

Originally Posted by globalcookie

HDB deficit spikes sharply to almost S$2 billion
By Olivia Siong, Channel NewsAsia
POSTED: 17 Dec 2014 15:15

Hear Hear Hear!

Don't say HDB make profit hor... they 'toh tiap' to sell buyers new flats hor! Must appreciate and must return to them hor.

LOL..jio ka beng.

hkh · 17-12-2014, 07:11 PM

Yes, they lost $2B as compare to if they were to sell the land to developers to build commercial and residential units.........

see they sacrifice so much just for us.........

globalcookie · 17-12-2014, 11:11 PM

Gov worked too hard for Singaporeans. We shd stop complaining. We shd return their hard work. We shd let this gov REST. Throw e dirty job to Opposition.

hkh · 17-12-2014, 11:16 PM

Quote:

Originally Posted by globalcookie

Gov worked too hard for Singaporeans. We shd stop complaining. We shd return their hard work. We shd let this gov REST. Throw e dirty job to Opposition.

They did offer Chiam See Tong long time ago to build his own flats when he question them on the building costs..........

But Mr Chiam sure kena bullied as no Contractors will dare to take up his building work..........

azon · 17-12-2014, 11:24 PM

Quote:

Originally Posted by hkh

They did offer Chiam See Tong long time ago to build his own flats when he question them on the building costs..........

But Mr Chiam sure kena bullied as no Contractors will dare to take up his building work..........

Am I right to say the construction sand is control by our government? ?

KAO LUO · 17-12-2014, 11:44 PM

ha wu e kong bo pa lang kong ........... ha

globalcookie · 18-12-2014, 09:56 AM

Quote:

Originally Posted by hkh

They did offer Chiam See Tong long time ago to build his own flats when he question them on the building costs..........

I mean, vote for Opposition and let them run the government. Let the current 50yrs old gov retire and rest. Let them go home play with grand children, let them retire to JB.

Auratus · 18-12-2014, 10:25 AM

Quote:

Originally Posted by azon

Am I right to say the construction sand is control by our government? ?

You are partially right, everything is controlled by govt. as long as there is $$$.

17-12-2014, 06:19 PM	#32
globalcookie Dragon Join Date: Nov 2007 Posts: 1,446	HDB deficit spikes sharply to almost S$2 billion By Olivia Siong, Channel NewsAsia POSTED: 17 Dec 2014 15:15 SINGAPORE: The Housing and Development Board (HDB) saw its deficit in the last financial year more than double to S$1.973 billion as it stepped up the building of homes. According to HDB’s annual report, its overall net deficit for the last financial year – from April 2013 to March 2014 – was S$1.973 billion before Government grants, up from S$797 million the previous year. Its home ownership segment reported a deficit of S$1.927 billion, up from S$719 million. HDB attributed the deficit to efforts to deliver on its building programme, which aims to help more Singaporeans own homes as well as provide homes for lower-income families. A total of 13,310 homes were sold in the last financial year, 2,777 units more than the previous year, according to the annual report. HDB also said it made a series of enhancements to its programmes in the last year. This includes raising the income ceiling for the Special CPF Housing Grant, as well as extending the scheme to first-time buyers of four-room flats in non-mature estates from July 2013. Since the scheme was introduced in 2011, about 10,500 households have benefited from the grant. As of October this year, HDB said it has disbursed about S$158 million. Of the households which have benefited, more than 8,700 took up the grant after the enhancement. The majority of these households were eligible or had received a bigger grant as a result of the changes, HDB said. HDB’s upgrading segment reported its deficit had narrowed to S$568 million dollars from S$619 million the previous year, due to the Lift Upgrading Programme coming to an end. The S$5 billion programme has been implemented in 98 per cent of HDB blocks that were built without direct lift access. According to the report, lift upgrading works have been completed in 72 precincts under the programme. As of October this year, works for the remaining 66 precincts under the programme are on track, HDB said. - CNA/cy ------------------------ Hear Hear Hear! Don't say HDB make profit hor... they 'toh tiap' to sell buyers new flats hor! Must appreciate and must return to them hor.

17-12-2014, 07:11 PM	#34
hkh Arofanatic Join Date: Jun 2003 Posts: 113	Yes, they lost $2B as compare to if they were to sell the land to developers to build commercial and residential units......... see they sacrifice so much just for us.........

17-12-2014, 11:11 PM	#35
globalcookie Dragon Join Date: Nov 2007 Posts: 1,446	Gov worked too hard for Singaporeans. We shd stop complaining. We shd return their hard work. We shd let this gov REST. Throw e dirty job to Opposition.

17-12-2014, 11:44 PM	#38
KAO LUO Endangered Dragon Join Date: Jan 2002 Posts: 96,529	ha wu e kong bo pa lang kong ........... ha

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