HDB incurred $270m loss for Ang Mo Kio BTO project: Desmond Lee
The Straits Times - Singapore·2022-10-04 17:03
SINGAPORE - The Housing Board will incur a development loss of about $250 million for the Central Weave @ AMK Build-To-Order (BTO) project that was launched in August, National Development Minister Desmond Lee told Parliament on Tuesday.
The loss is about $270 million when Central Provident Fund (CPF) housing grants for eligible buyers are taken into consideration, he added.
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