[Sg] - This guy kena POFMA separately by 3 different PAP Ministries within 5 days, you want to try to beat his record?

[Hypocrite-The]

yes, one hand pass money to the other hand. Both hands belong to the same asshole govt

And wat is immoral is one hand complain of deficits but...the other hand say land sold not market value...or whatever...n the market value is never disclosed

 

[Papsmearer]

And wat is immoral is one hand complain of deficits but...the other hand say land sold not market value...or whatever...n the market value is never disclosed

but stupid sinkies too brain dead to see this

 

[Papsmearer]

Deficit to sla which as name suggests own the land. Seems clear cut to me. Useless wp all ways allow Pap to get a way with this none sense.

because WP is Wayang Party, fake oppo, and PAP Lite

View attachment 228068


https://www.channelnewsasia.com/sin...ktok-user-public-housing-policies-hdb-3721791

U don't see fake Official Oppo Wayang Party write in to Channelnews to rebut their article

 

[Hypocrite-The]

because WP is Wayang Party, fake oppo, and PAP Lite

U don't see fake Official Oppo Wayang Party write in to Channelnews to rebut their article

I don't see the wankers doing anything that does not help the pap

 

[shittypore]

"In the last three years (FY2020, FY2021 and FY2022), HDB incurred a deficit of about S$2.68 billion (US$1.98 billion) per year,” it said."

POOR HDB, hope they don't go bankrupt.

 

[Hypocrite-The]

"In the last three years (FY2020, FY2021 and FY2022), HDB incurred a deficit of about S$2.68 billion (US$1.98 billion) per year,” it said."

POOR HDB, hope they don't go bankrupt.

Deficit for wat? Selling hdb flats?

 

[Papsmearer]

"In the last three years (FY2020, FY2021 and FY2022), HDB incurred a deficit of about S$2.68 billion (US$1.98 billion) per year,” it said."

POOR HDB, hope they don't go bankrupt.

they didn't mention that at the same time, SLA made profit of $2.68 billion

 

[Hypocrite-The]

they didn't mention that at the same time, SLA made profit of $2.68 billion

And yet the wankers no sight no sound on this

 

[Willamshakespear]

I don't think they can pofma it if they cannot prove what he said is untrue.
Phua hung only

This fella can speak very well, articulate very well and a very logical person. He can be his own lawyer de woh.

This is different from eg saying xxx is a corrupt gov. He would need to proof what he says and gather secret info about his claims.

If I say eg HC is a billionaire becos she have the key to our cpf vault.
Hc can pofma me with my 2nd point, but she cannot pofma my 1st point that she is a billionaire, unless she showed me all her bank accounts and the salaries she used to earn , tiobo?

If I say gansiokbin is a fucking slut, gansiokbin also cannot pofma me, unless she shows the public her pubic hair together with hymen, tiobo?

By saying hdb and sla make money from selling to sinkies, he can compute it based on what he thinks, and list down what he computed.
HDB and sla will need to dispute his computation with the actual factual data in order to pofma.

@NanoSpeed law advisor, tio bo?
Ah opinion based on what he thinks and computed, and not an allegation.

There may be a MISCONCEPTION by many on how a Democratic system of Justice works.

Lawyers are not right OR decides the outcome of a verdict. It is the presiding Judge, who will base his/her verdict UPON the Constitution, facts, irrefutable evidences, his/her journey in life studying PhD Law as well as his/her career experiences, who DECIDES on the outcome of a trial, on who is right or wrong.

In Court, where there is a plaintiff, there will be a defendant. In Democratic Singapore, each is entitled to Legal Representation.

No lawyer will turn down cases, as it's how they will have to earn a living to survive, even if it is a losing case. Win or lose, they still get their pay. Equally, may no citizen be naive and believe totally what a lawyer may say, as he/she will be good with words to say what one WANTS to hear.

They are honest and professional, regardless if working from an office in 1 Raffles Place, or 29B Jalan Besar, but only up to a certain level, as it WILL BE on precedents, Mitigating factors ( circumstances ) that they hope will change a Judge's mind and win cases. BUT so too the opposing side - plaintiff or defendant. No Lawyer is the same. Some work on classical computer mode, while others work on Quantum Mechanics wavelengths to research on such...

Ultimately, it is the presiding Judge who decides, NOT lawyers, on who is right or wrong.


A daily and evident example is here on SBF-

There are many, so many, whom argue over the top of their heads against and fighting others, for a cause, at times even spouting insane perceptions or beliefs which only sadly proves their mentality levels, but in the end, YOU and the Thousand visitors DAILY on this site, are the JUDGES, to consider carefully what is presented, either to follow, to find out more, or to laugh and ignore,

..each Human has been given the Divine Gift of Free Will and intelligence, thus may each choose wisely...


.

 

[Papsmearer]

There may be a MISCONCEPTION by many on how a Democratic system of Justice works.

Lawyers are not right OR decides the outcome of a verdict. It is the presiding Judge, who will base his/her verdict UPON the Constitution, facts, irrefutable evidences, his/her journey in life studying PhD Law as well as his/her career experiences, who DECIDES on the outcome of a trial, on who is right or wrong.

In Court, where there is a plaintiff, there will be a defendant. In Democratic Singapore, each is entitled to Legal Representation.

No lawyer will turn down cases, as it's how they will have to earn a living to survive, even if it is a losing case. Win or lose, they still get their pay. Equally, may no citizen be naive and believe totally what a lawyer may say, as he/she will be good with words to say what one WANTS to hear.

They are honest and professional, regardless if working from an office in 1 Raffles Place, or 29B Jalan Besar, but only up to a certain level, as it WILL BE on precedents, Mitigating factors ( circumstances ) that they hope will change a Judge's mind and win cases. BUT so too the opposing side - plaintiff or defendant. No Lawyer is the same. Some work on classical computer mode, while others work on Quantum Mechanics wavelengths to research on such...

Ultimately, it is the presiding Judge who decides, NOT lawyers, on who is right or wrong.


A daily and evident example is here on SBF-

There are many, so many, whom argue over the top of their heads against and fighting others, for a cause, at times even spouting insane perceptions or beliefs which only sadly proves their mentality levels, but in the end, YOU and the Thousand visitors DAILY on this site, are the JUDGES, to consider carefully what is presented, either to follow, to find out more, or to laugh and ignore,

..each Human has been given the Divine Gift of Free Will and intelligence, thus may each choose wisely...


.

fuck your mother's chao cheebye. Singapore is democratic country mah? You piece of shit PAP ballslicker

 

[Willamshakespear]

Singapore is a Democracy, over 60 yrs and on going. The current govt, made up of ELECTED legislators, won the majority vote as well as the critical 87 seats out of 97 seats. ELECTED by Constituents of their districts in our Nation to REPRESENT them in Parliament, for peace, prosperity, progress and evolution for ourselves and innocent next generations to come...

Truth, Realities and Pragmatism stand on its own pedestal and for eternity.....


.

 

[countryman]

The question is how pap determines new HDB bto prices? Question not answered hor....the article say land costs not factored in blah blah....ok.. than what is the cost and price to HDB to sell the bto the/man on the street? And priced with affordability in mind... mean wat? 5 rm HDB BTO at 750k?

Hdb runs a deficit..the deficit to who? And wat is the reason for the deficit? Bto costs 1 mil to build n sell to u for 750k? Does not sound like pap to be tat generous

Say what u like, there're still so many willing HDB buyers out there regardless of price..Same goes for cars, 100k+ for COE, people are outbidding each other for that piece of paper for every tender exercise..
So do u think the gahmen will bother if prices have gone through the roof?

 

[Hypocrite-The]

Say what u like, there're still so many willing HDB buyers out there regardless of price..Same goes for cars, 100k+ for COE, people are outbidding each other for that piece of paper for every tender exercise..
So do u think the gahmen will bother if prices have gone through the roof?

I know the gahmen don't bother bcos the ppl make it so....n let's face it. For most working singkies BTO is the only option. Still need roof over the head...but to me COE is an option not a necessity. Car cannot afford don't buy...

 

[Papsmearer]

Singapore is a Democracy, over 60 yrs and on going. The current govt, made up of ELECTED legislators, won the majority vote as well as the critical 87 seats out of 97 seats. ELECTED by Constituents of their districts in our Nation to REPRESENT them in Parliament, for peace, prosperity, progress and evolution for ourselves and innocent next generations to come...

Truth, Realities and Pragmatism stand on its own pedestal and for eternity.....


.

I know the gahmen don't bother bcos the ppl make it so....n let's face it. For most working singkies BTO is the only option. Still need roof over the head...but to me COE is an option not a necessity. Car cannot afford don't buy...

BTO is not the only option. Got a lot of resale flats. SInkies die all the time. and their flats come out for sale. Don't need to buy new. Or stay longer with their parents and don't buy at all.

 

[Rogue Trader]

Notice someone is missing from this thread?

 

[sbfuncle]

There may be a MISCONCEPTION by many on how a Democratic system of Justice works.

Lawyers are not right OR decides the outcome of a verdict. It is the presiding Judge, who will base his/her verdict UPON the Constitution, facts, irrefutable evidences, his/her journey in life studying PhD Law as well as his/her career experiences, who DECIDES on the outcome of a trial, on who is right or wrong.

In Court, where there is a plaintiff, there will be a defendant. In Democratic Singapore, each is entitled to Legal Representation.

No lawyer will turn down cases, as it's how they will have to earn a living to survive, even if it is a losing case. Win or lose, they still get their pay. Equally, may no citizen be naive and believe totally what a lawyer may say, as he/she will be good with words to say what one WANTS to hear.

They are honest and professional, regardless if working from an office in 1 Raffles Place, or 29B Jalan Besar, but only up to a certain level, as it WILL BE on precedents, Mitigating factors ( circumstances ) that they hope will change a Judge's mind and win cases. BUT so too the opposing side - plaintiff or defendant. No Lawyer is the same. Some work on classical computer mode, while others work on Quantum Mechanics wavelengths to research on such...

Ultimately, it is the presiding Judge who decides, NOT lawyers, on who is right or wrong.


A daily and evident example is here on SBF-

There are many, so many, whom argue over the top of their heads against and fighting others, for a cause, at times even spouting insane perceptions or beliefs which only sadly proves their mentality levels, but in the end, YOU and the Thousand visitors DAILY on this site, are the JUDGES, to consider carefully what is presented, either to follow, to find out more, or to laugh and ignore,

..each Human has been given the Divine Gift of Free Will and intelligence, thus may each choose wisely...


.

KNN like that means can pofma or cannot pofma? KNN

 

[Hypocrite-The]

KNN like that means can pofma or cannot pofma? KNN

Uh...basically pap can do wat its wants courtesy of the singkie voter

 

[Hypocrite-The]

HDB records S$6.34 billion deficit in FY2024, more spent on estate upgrading works
Gross loss and expected losses on flat sales also made up the deficit.

author profile
November 11, 2025, 01:02 PM
imageTelegramWhatsapp
The Housing and Development Board (HDB) incurred a net deficit of S$6.34 billion in the 2024 financial year, it said in a Nov. 11 press release.

Most of this was incurred due to the development and sale of flats and the disbursement of housing grants to eligible households for new and resale flats.

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The rest was incurred through estate upgrading programmes, which led to increased spending.

Development costs, sales loss and grants
In the Nov. 11 press release, HDB provided a breakdown of the FY2024 deficit.

Out of the S$6.34 billion, S$5.51 billion was incurred from the gross loss on the sale of flats, expected losses on flats currently under development and disbursement of CPF housing grants.

Of this S$5.51 billion, S$1.77 billion was incurred from gross loss on the sale of 14,900 flats completed in FY2024.

S$2.69 billion was recorded in the provision for foreseeable loss for flats currently under development in FY2024.

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This was after the release of provisions made for completed sales.

HDB explained that when it begins development of new housing projects, provision is made for the estimated loss of these projects as HDB flats are sold at subsidised prices below their development cost.

This provision is updated during the construction phase as costs change and is eventually released after the completion of sales.

The actual loss from sales will then be reflected.

23,600 flats commenced development in FY2024.

A total of S$881 million in CPF housing grants were disbursed to eligible buyers of resale flats and executive condominiums in FY2024.

ADVERTISEMENT
HDB also spent S$159 million on providing rental flats to eligible tenants under various rental housing schemes.

More spent on upgrading works
More was spent on HDB upgrading programmes and residential ancillary functions, such as car park management, in FY2024.

S$532 million was spent on HDB upgrading programmes, such as the Home Improvement Programme (HIP), Neighbourhood Renewal Programme and Lift Upgrading Programme.

This was 34 per cent higher than the S$396 million spent in FY2023, and HDB attributed the increase to more HIP projects reaching the peak construction phase, when spending is typically highest.

ADVERTISEMENT
S$570 million was spent on residential ancillary functions, a 28 per cent increase from S$446 million in FY2023.

This increase was largely attributed to higher expenditure on the Electrical Load Upgrading Programme, which saw more HDB blocks being upgraded to accommodate growing electrical needs, according to HDB.

55,000 new flats from 2025 to 2027
Tan Meng Dui, HDB's Chief Executive Officer, said: "Our substantial deficit in FY2024 reflects our unwavering commitment to providing affordable and quality homes for Singaporeans."

HDB will launch 55,000 new flats from 2025 to 2027, including offering 4,000 Shorter Waiting Time (SWT) flats per year in 2026 and 2027.

ADVERTISEMENT
"We will continue to review and refine our housing policies where necessary, to support the housing needs and aspirations of Singaporeans and ensure that public housing remains affordable, accessible and inclusive," HDB said.

Top image via Canva.

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[Papsmearer]

HDB records S$6.34 billion deficit in FY2024, more spent on estate upgrading works
Gross loss and expected losses on flat sales also made up the deficit.

author profile
November 11, 2025, 01:02 PM
imageTelegramWhatsapp
The Housing and Development Board (HDB) incurred a net deficit of S$6.34 billion in the 2024 financial year, it said in a Nov. 11 press release.

Most of this was incurred due to the development and sale of flats and the disbursement of housing grants to eligible households for new and resale flats.

ADVERTISEMENT
The rest was incurred through estate upgrading programmes, which led to increased spending.

Development costs, sales loss and grants
In the Nov. 11 press release, HDB provided a breakdown of the FY2024 deficit.

Out of the S$6.34 billion, S$5.51 billion was incurred from the gross loss on the sale of flats, expected losses on flats currently under development and disbursement of CPF housing grants.

Of this S$5.51 billion, S$1.77 billion was incurred from gross loss on the sale of 14,900 flats completed in FY2024.

S$2.69 billion was recorded in the provision for foreseeable loss for flats currently under development in FY2024.

ADVERTISEMENT
This was after the release of provisions made for completed sales.

HDB explained that when it begins development of new housing projects, provision is made for the estimated loss of these projects as HDB flats are sold at subsidised prices below their development cost.

This provision is updated during the construction phase as costs change and is eventually released after the completion of sales.

The actual loss from sales will then be reflected.

23,600 flats commenced development in FY2024.

A total of S$881 million in CPF housing grants were disbursed to eligible buyers of resale flats and executive condominiums in FY2024.

ADVERTISEMENT
HDB also spent S$159 million on providing rental flats to eligible tenants under various rental housing schemes.

More spent on upgrading works
More was spent on HDB upgrading programmes and residential ancillary functions, such as car park management, in FY2024.

S$532 million was spent on HDB upgrading programmes, such as the Home Improvement Programme (HIP), Neighbourhood Renewal Programme and Lift Upgrading Programme.

This was 34 per cent higher than the S$396 million spent in FY2023, and HDB attributed the increase to more HIP projects reaching the peak construction phase, when spending is typically highest.

ADVERTISEMENT
S$570 million was spent on residential ancillary functions, a 28 per cent increase from S$446 million in FY2023.

This increase was largely attributed to higher expenditure on the Electrical Load Upgrading Programme, which saw more HDB blocks being upgraded to accommodate growing electrical needs, according to HDB.

55,000 new flats from 2025 to 2027
Tan Meng Dui, HDB's Chief Executive Officer, said: "Our substantial deficit in FY2024 reflects our unwavering commitment to providing affordable and quality homes for Singaporeans."

HDB will launch 55,000 new flats from 2025 to 2027, including offering 4,000 Shorter Waiting Time (SWT) flats per year in 2026 and 2027.

ADVERTISEMENT
"We will continue to review and refine our housing policies where necessary, to support the housing needs and aspirations of Singaporeans and ensure that public housing remains affordable, accessible and inclusive," HDB said.

Top image via Canva.

ADVERTISEMENT
Follow us on Facebook, Instagram, Twitter and Telegram to get the latest updates.

image
image
image
image
You Might Also Like
ADVERTISEMENT
MORE STORIES

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HDB lost money because they buy their land from URA under the GLS programme. Because URA mark up the land price and sells it to HDB. No one bother to find out how much money URA earns. BTW, the GLS programme earned the Singapore govt over $8 billion.

 

[Hypocrite-The]

HDB lost money because they buy their land from URA under the GLS programme. Because URA mark up the land price and sells it to HDB. No one bother to find out how much money URA earns. BTW, the GLS programme earned the Singapore govt over $8 billion.

But all belongs to the pap...so all along the HDB deficit is just a red herring