More than $1b to be spent on upgrading projects for public, private housing estates over next few years: Lawrence Wong.
SINGAPORE - More than $1 billion will be spent on upgrading projects for both public and private housing estates over the next few years.
Announcing this on Friday (Oct 11), Minister for National Development Lawrence Wong said at the annual MND Huddle at Fort Canning Park: "This will provide support for our industry partners in the current economic climate."
The projects will also provide more opportunities for "our consultants and contractors, who are our important partners", he said.
More details on which estates will be spruced up and when, will be announced later.
A key project to be launched for public housing estates from next year onwards will be the Home Improvement Programme (HIP) for flats built between 1987 and 1997, Mr Wong said.
"We will start with a first batch of 55,000 flats which are already 30 or more years old. We will schedule the remaining 175,000 flats progressively, when the flats are about 30 years old. We should be able to complete the upgrading over the next 10 or more years," he said.
Adapted from The Straits Times 11 October 2019