More HDB flats were being built and HDB’s overall net deficit before taking into account the government grant has also increased in the financial year of 2012 and 2013, according to the board's annual report.
SINGAPORE: More Housing and Development Board (HDB) flats were being built in the last financial year compared to the previous year.
This is according to HDB's annual report released on Wednesday.
A total of 72,737 flats were being constructed in the last financial year (FY2012/ 2013), up from 56,938 units in the year before (FY2011/2012) -- a close to 30 per cent jump.