Daily Archives: 2017-07-09

Did the government spend or made $28 billion from selling HDB flats?

I refer to the article “Housing in Singapore – The high life” (The Economist, Jul 8). Govt spent $1.8b on HDB? It states that “It is also a good deal for the state. In 2015-16 the treasury put aside S$1.8bn, or 2.4% of the national budget, for housing, which was enough to cover HDB’s annual deficit. (The agency itself had …

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