Govt could do more by taking the lead in procurement of green and energy efficient components IN JAPAN, banks offer preferential loan rates to building owners who aim for higher green ratings. In Germany, the government offers subsidies to residential owners to go green. Offering such incentives is just one of the suggestions from the International Panel of Experts (IPE) for Sustainability of the Built...
Government Projects
The government's move to defer another S$1 billion worth of construction projects beyond 2009 is being welcomed by industry players. They said it will help to ease pressures on the supply side, allowing for critical private sector projects to go ahead. Still, they expect construction costs to hold up - and even jump by 10 to 15 per cent in 2008. Work is already underway at the two integrated resorts at...