1. HDB sells its 100 per cent shareholding in HDB Corporation Pte Ltd (HDB Corp) to Temasek Holdings (Private) Limited. The sale is in line with HDB's ongoing efforts to focus on its core role as the public housing authority in Singapore.

2. Since its corporatisation, HDB Corp has evolved, and is now ready to take on new challenges. It is an opportune time for HDB to divest HDB Corp. The sale will give HDB Corp the autonomy and flexibility to leverage on its strengths to venture into housing development projects overseas. Mr Wong Heng Tew, Managing Director, Strategic Development of Temasek said, “We see good growth potential in HDB Corp and the markets it serves. We aim to be a value-adding shareholder to HDB Corp and hope to grow it into a successful regional enterprise.”

Issued jointly by: HDB and Temasek Holdings

If there are any media queries, please contact:

Serene Lee
Associate Director, Corporate Communications
Temasek Holdings (Pte) Ltd
Tel: (65) 6828 6765
Mobile: (65) 9692 0918
Email: serenelee@temasek.com.sg