[Niubee]

Why HDB said flats are heavily subsided and running millions dollars each year?

They are doing as business. You overpaid and they will use the profit to subsidize you yr lifetime whatever benefits... my guess. They don't have to go thru other means to subsidize you and family.

Our Govt are smart. They will keep propagate the falsehood of subsidized HDB thinking you benefit from their flat policies. Of course the high price flat has other benefits which is to raise all properties prices public or private in SG. Political wise, these policies help them secure votes etc.