[WOLS] See LAH! U all comprain HDB flat expensive.. but they suffer deficit oK!!!
Quote:
SINGAPORE: The Housing and Development Board (HDB) has reported a S$2 billion 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 included 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 was 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 S$1,500 per month from the rental and they (then) move in to stay with their children."
Despite the global downturn, HDB said the mortgage arrears rate has dropped 0.4 percentage point to 7.5 per cent.
Market watchers said this may be due to the high resale prices of HDB flats.
Eugene Lim, associate director of ERA Asia Pacific, said: "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.
Comon lah ... guess what my mum says when she saw this news...
Bunknifer Mum:" Consperm the Zhng Hu gg to increase the HDB prices liao ... they just saying they lost money so can increase the price... Son ... Chiu better apply fast before the price shot up again ... tsk tsk"
Bunknifer:" Mum i ish stay with chiu .. i cant afford even though i am Grad and got a job"
__________________ Be Yourself
Be BTSS
Will Bun Knife All Buttis Who NPNT No Sauce
Comon lah ... guess what my mum says when she saw this news...
Bunknifer Mum:" Consperm the Zhng Hu gg to increase the HDB prices liao ... they just saying they lost money so can increase the price... Son ... Chiu better apply fast before the price shot up again ... tsk tsk"
Bunknifer:" Mum i ish stay with chiu .. i cant afford even though i am Grad and got a job"
ya lor. so sad.
singaporeans can only move out of their parents house is when they get married.
Comon lah ... guess what my mum says when she saw this news...
Bunknifer Mum:" Consperm the Zhng Hu gg to increase the HDB prices liao ... they just saying they lost money so can increase the price... Son ... Chiu better apply fast before the price shot up again ... tsk tsk"
Bunknifer:" Mum i ish stay with chiu .. i cant afford even though i am Grad and got a job"
ish berry rike drama..
but things happened in drama happened in real life too
can do HK Drama style liao....1 moment say launching more holes for peasants, nxt moment huge loss how predictable can one get...wa lan pattern more than badminton, those nt enuff pattern one need to chut stunt one should take a cue from these ppl
singaporeans can only move out of their parents house is when they get married.
unless rich **** buy condo.
i know frens who own condo becos dady mummy give them .. but they is born silver spoon .. so nothing to say
but people like me .. study poly one ... ghost out work like **** + OT no pay one
gf smtimes work smtiems no work ...
two person income good enuff for survival niah ... savings bery little ...
CPF also not enuff ... LLST
Quote:
Originally Posted by Ownage94
ish berry rike drama..
but things happened in drama happened in real life too
not really drama lah .. its real ... my mum really says smthing similar .. Forgo the EDMW style ... now the new FLATS in clementi sell by HDB around $400K for 4 room liao
how to afford for peasant like moi ...
__________________ Be Yourself
Be BTSS
Will Bun Knife All Buttis Who NPNT No Sauce
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[WOLS] See LAH! U all comprain HDB flat expensive.. but they suffer deficit oK!!!
how predictable can one get...wa lan pattern more than badminton, those nt enuff pattern one need to chut stunt one should take a cue from these ppl
