Property agents said on Tuesday that flat prices in opposition-held wards, Hougang and Potong Pasir, are likely to rise if they are selected for lift upgrading. This is after the government announced on Monday that the two are among the 65 precincts in Singapore that are eligible for the popular improvement programme this financial year. Selected precincts will be announced in two to three months. Once...
HDB Upgrading
Mah: HDB upgrading a priority as deferred projects reinstated SOME of the Government's $4.7 billion worth of deferred construction projects are to be brought forward again, in a move expected to help smaller local building contractors. And priority will be given to smaller projects, National Development Minister Mah Bow Tan said. "We are also looking to see whether the different ministries are able to...
Two public housing upgrading programmes will be brought forward with other government projects in efforts to increase spending and stimulate the Singapore economy. Singapore previously deferred S$4.7 billion worth of public sector projects due to high construction costs. The Ministry of National Development said now is a good time to do so with material costs looking to fall further. Residents in older...
Minister reassures that public housing projects will proceed THERE is no need to fear that the economic slowdown will be felt in our public housing projects. Giving his reassurances last night in response to questions, National Development Minister Mah Bow Tan said: “There is no delay in our public housing programme, our building programme and in our upgrading programme. “We know there is demand...
National Development Minister Mah Bow Tan has given the assurance that no household will be left out of the benefits of basic home improvement works. Mr Mah, who is also MP for Tampines GRC, was speaking at the launch of an upgrading project at a Tampines precinct. Under the scheme - known as the Home Improvement Programme - introduced last year, basic repairs are fully funded by the government, while...
National Development Minister Mah Bow Tan said the Housing and Development Board (HDB) is containing construction costs as much as it could even though they have gone up significantly recently. HDB is doing this by simplifying some of the projects or by combining them so that there are more economies of scale. A recent example is the Punggol Sapphire project which has more than a thousand units against...
Celebrations were held at the recently upgraded Upper Boon Keng Riverview precinct on Sunday. A total of 183 flats have been upgraded under the Housing and Development Board's S$11 million Main Upgrading Programme (MUP). Information, Communications and the Arts Minister and MP for the area, Dr Lee Boon Yang, visited some of these apartments which have been improved with the fixing of new doors, more...
National Development Minister Mah Bow Tan said the postponement of up to S$3 billion worth of public construction projects will not affect housing estate upgrading programmes. As for new flats offered in mature estates being many times oversubscribed, Mr Mah said the HDB is already ramping up its building programme. At a community event on Sunday, the minister also gave the assurance that his ministry...