HDB suffers S$2b deficit

[batamboy]

This shows wat kind of foresight the garmen has.. a million dollar BRAIN with lowballer results. This will SERVE as a wake up call 4 the ppl, let the peoples' power decide for the coming GE. So tats y u guys see yearly Y our ppl migrate overseas, n i one of them. Sorry to say tat. i just being frank.

[exxondus]

ytd news got mention this leh.

then news reported say when asked why, they say HDB always lose money when they sell below mkt or giv subsidies. and last year, more flats were sold then the previous years.

something like that. Poor thing

[Cop]

This is called In Control lor..say what also can..

Land their's, "make a dept" & sell their own land to own dept.
Sand, cemant also dunno from where..cannot be ownself dig sand.
Employ FW to build.
Price is they "Put 的", also not we say what..Gv $30k subsidy is to make it seems they are good...Who in the whole world do business do not want profit..Earn also say make loss lah

But again, if not for them , Singapore also will not be like today..

[Watcha]

They attempts to be in tune with current accounting development.

they employ fair value accounting

market value 500k sell 400k = loss 100k.

they also exercise caution not to blow up profit like private co.

year 1 make 1b. year 2 make 800m = loss 200m