You believe HDB suffers a deficit of $2 billion ?

[Man in the streets]

HDB can report what they want.

Why not get independant auditors to find out why the deficit?

Just because more people in the streets start complaining about unaffordable HDB beehives, the deficit must come ?

Or because of the 200 blocks of HDB flats cannot rectify the lift landing, so those affected will give in and live in inconvenience out of compassion?

When most people agree with Ms Sylvia Lim that lift not stopping at every floor was a fraud, HDB panicked and now starts to stonewall about money losing.
Lift rectification is not the problem of residents,why talk about 30k per household ???

We have a golden goose(temasick) behind the HDB, why why why the deficit?

The FT policy to boost HDB price dont work ????

A joke?

I think the true answer lies at the poll stattions, as soon as we vote out PAP, we therefore will find out many truths !

 

[TeeKee]

the right hand say the left hand is bankrupt..

are you still going to deny it?

 

[po2wq]

HDB suffers S$2b deficit
By Joanne Chan, Channel NewsAsia | Posted: 02 November 2009 1743 hrs


SINGAPORE: The Housing and Development Board (HDB) has reported a S$2b deficit before government grants in its latest annual report.

The figure is more than double the loss reported in the previous financial year.

HDB said the huge deficit for the financial year ending March was due mainly to more flats being sold. These flats are highly subsidised by the government. Higher construction costs also led to the large deficit.

Other reasons that contributed to HDB's loss include upgrading works for lifts and rental flats.

Between April last year and March this year, HDB pushed out 8,000 flats under its Build-To-Order Scheme. That's 2,000 more than what it supplied the year before.

At a media briefing on its latest annual report, HDB also gave an update on the Lease Buyback Scheme which allows low-income elderly Singaporeans to get a portion of cash upfront while HDB buys back the tail-end of the lease of their flat.

HDB has received more than 400 applications since the scheme was launched earlier this year.

Some 25,000 households are eligible for the scheme.

But the elderly have other options to monetise their flats.

HDB's CEO, Tay Kim Poh, said: "Some of them will sublet their entire flat, and the rental for even a three-room flat is very good nowadays. They can easily get $1,500 per month from the rental and they move in to stay with their children (after renting out their flat)."

Despite the global downturn, HDB said the mortgage arrears rate has dropped 0.4 percentage point to 7.5 percent.

Market watchers said this may be due to the high resale prices of HDB flats.

Eugene Lim, associate director of ERA Asia Pacific, said: "So there was an upswing in the market since the beginning of this year. And what happens is that those households in arrears probably made use of this opportunity to sell their flat and downgrade to a flat that they can afford."

Moving forward, HDB said it will focus on improving community relations. A new department has been set up within the housing board to look at strengthening social cohesion and integrating newcomers.

- CNA/ir

 

[po2wq]

conclusif evidence dat hdb iz ...

2 fat ...
overstaffed ...
inefficient ...
staffs r overpaid ...
useless leaders ...
...

 

[batman1]

2 billion only,sup sup suai.Temasek and GIC lost approx.$100 billion,play monopoly games lost approx. $100 billion by Ho Jinx,nobody makes noise,nothing happen. HDB deficit spending only $2 billion,scared the whole world don't know,Fark the HDB,wait till something or somebody crashed into the buildings , then the property prices also crashed !!!

 

[hairylee]

Accountability!!!!
Sack Mah Boh Tan

 

[batman1]

Accountability!!!!
Sack Mah Boh Tan

Wrong spelling lah. should be MABOK TAN.drunk from collecting millions of $ everyday from the citizens.hope he blur from seeing so much money everyday he will happily kick the bucket !

 

[Brightkid]

I believe 101% just on the basis of the below statement.

What HDB did not earned as given as 'market subsidy', it may be booked as a loss......therefor, a huge 'deficit' , nevermind that they make billions in profit, traditionally meant the difference between total cost and selling price !

HDB suffers S$2b deficit
By Joanne Chan, Channel NewsAsia | Posted: 02 November 2009 1743 hrs


HDB said the huge deficit for the financial year ending March was due mainly to more flats being sold. These flats are highly subsidised by the government. \- CNA/ir

 

[Areopagus]

Of course I believe!!

My neighbourhood chicken rice store also suffered a one milllion dollar loss last year!

They offer highly subsidized chicken rice at $4/- a plate with everything thrown in when the market rate in Chatterbox is $20. Selling a few hundred thousand plates leads to millions of dollars in losses for them!

Thank God for our neighbourhood chicken rice seller!!

 

[TeeKee]

HDB lost 2 billions!!

I still can keep my job!! Hee Hee!

 

[batman1]

HDB lost 2 billions!!

I still can keep my job!! Hee Hee!

If anybody lost $2 billion in the private sector industry,he/she is sacked immediately .Period. But the cock-eyed MABOK TAN still got to keep his job and continue to talk-cock.Uniquely SIngapore .Only can hope he so happy counting his gold bars everyday he happily kick the bucket.Pray God.Amen.

 

[leetahbar]

HDB can report what they want.

Why not get independant auditors to find out why the deficit?

Just because more people in the streets start complaining about unaffordable HDB beehives, the deficit must come ?

Or because of the 200 blocks of HDB flats cannot rectify the lift landing, so those affected will give in and live in inconvenience out of compassion?

When most people agree with Ms Sylvia Lim that lift not stopping at every floor was a fraud, HDB panicked and now starts to stonewall about money losing.
Lift rectification is not the problem of residents,why talk about 30k per household ???

We have a golden goose(temasick) behind the HDB, why why why the deficit?

The FT policy to boost HDB price dont work ????

A joke?

I think the true answer lies at the poll stattions, as soon as we vote out PAP, we therefore will find out many truths !

this is one of the convenient ways to cover and camouflage the losses accrued by glcs.

it's called playing with figures.:p

 

[TeeKee]

this is one of the convenient ways to cover and camouflage the losses accrued by glcs.

it's called playing with figures.:p

i wonder if our reserves is really there...

 

[leetahbar]

i wonder if our reserves is really there...

i think not that's why they are refunding our cpfs in trickles instead of one big lump sum.:oIo:

 

[hairylee]

Wrong spelling lah. should be MABOK TAN.drunk from collecting millions of $ everyday from the citizens.hope he blur from seeing so much money everyday he will happily kick the bucket !

Correct lah!!! I meant Mah Boh Tan in Hokkien, it means "Also No Earn".

 

[ahleebabasingaporethief]

Can I also tell people I have a 12 inch dick?

Anyone believe I have a 12 inch dick?
​

 

[JinGanKor]

HDB the left pcoket lose money because the cost of land is high which is determined by SLA the right pocket.
so all the money is with SLA and HDB is pretending to be a victim and not profiting from high selling price.

 

[jim007jimmyboy]

 

[longbow]

I think one must look at their total operating cost divided by number of flats they build. Suspect that have a bloated staff.

 

[think_lees]

PAP = (GRAFT + PLUNDERING + INCOMPETENCE) X GLORIFIED

Simple maths!