The Housing & Development Board (HDB) was established in 1960 as a government agency working to solve Singapore's housing crisis and provide affordable and quality housing. In July 2003, HDB's Building and Development Division was corporatized as HDB Corporation Pte Ltd (HDBCorp), which was rebranded as Surbana Corporation Pte Ltd in July 2005.
Source: Surbana International Consultants. " Our Heritage." Accessed July 22, 2013.