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HDB's net deficit up 80% in last FY before govt grant

Thursday, October 17, 2013 - 06:00

[SINGAPORE] The net deficit of the Housing and Development Board (HDB) increased 80 per cent in the last financial year (FY2012/2013), to $797 million from $443 million. This was before a $1.04 billion government grant it received in the same financial year. In its annual report released

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