Property News · August 19, 2018

Home Improvement Programme to be expanded to benefit 230,000 HDB flats


View of HDB flats in Toa Payoh.
In his National Day Rally speech on Sunday (19 Aug), Prime Minister Lee Hsien Loong said the Housing and Development Board’s Home Improvement Programme (HIP) will be expanded soon to cover HDB flats built between 1987 and 1997.
Started in 2007, HIP currently covers HDB flats built up to 1986.
More: Home buyers looking for HDB flats may like to visit our Listings
Some 230,000 flats in various estates including Pasir Ris, Tampines and Jurong will benefit from the enhanced HIP.
PM Lee also announced plans for HIP 2, which aims to upgrade older flats that require a second round of upgrading. HIP 2 is expected to be launched in 10 years when the first flats here reach 60 to 70 years old. 
More: Can you afford an HDB flat? Check your affordability now. 
 
Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

Source : proppertyguru.com.sg/Property Market
Read more…Home Improvement Programme to be expanded to benefit 230,000 HDB flats

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