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HDB net deficit to remain high says Minister Khaw

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Mr Khaw Boon Wan, Minister for National Development, reported that the HDB will keep on causing high net shortages throughout the following few years; the net shortfall surged to S$1.97 billion in Fy2013/14.

Mr Khaw clarified that the surge was credited to the sponsorship given to purchasers of new pads under the Home Ownership Program and the payment of CPF Housing Grants designated to qualified purchasers of resale pads.

He included that the future deficiency will be reliant on a few components including lodging demand, HDB's building and updating projects, improvement expenses and approach changes.

Likewise, Mr Khaw specified that the HDB will give a third advance for purchasers just under uncommon circumstances in a push to dishearten "agitating" of resale pads.

Taken from ST Property

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Guest Monday, 13 July 2020