Solvent or not, we accessed the available financial reports of AHPETC since 2010 to understand the operating surplus for each financial year since the General Elections.
This is what it looks like.
It seems like Hougang was running a deficit even before the elections before recovering in 2012 after forming AHTC.
This quickly changed a year later when AHTC made an operating loss of 733k for FY2013. However, should they win in the next elections – the MND grants should not matter as they would probably be in the green again for FY15.
This is what it looks like and what the future might hold.