{"id":111562,"date":"2019-10-14T11:21:04","date_gmt":"2019-10-14T04:21:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-to-pour-in-over-1b-into-upgrading-private-public-estates\/"},"modified":"2019-10-14T11:35:01","modified_gmt":"2019-10-14T04:35:01","slug":"government-to-pour-in-over-1b-into-upgrading-private-public-estates","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-to-pour-in-over-1b-into-upgrading-private-public-estates\/","title":{"rendered":"Government to pour in over $1b into upgrading private, public estates"},"content":{"rendered":"


\nMeanwhile, the government will also upgrade 55,000 HDB flats under the second round of the Home Improvement Programme (HIP), which is set to start from next year onwards.\u00a0
\nIn a bid to support stakeholders in the built environment industry, the government will spend a significant amount of over $1 billion into upgrading private and public estates in the next few years, reported Today Online.
\n\u201cIn the current economic climate, our assurance is that we will continue to have a good pipeline of public sector projects which, hopefully, will provide support for our important industry partners, be they consultants or contractors,\u201d said National Development Minister Lawrence Wong.
\nSpeaking at the Ministry of National Development\u2019s (MND) annual get-together event with industry professionals as well as volunteers and representatives from partnering non-governmental organisations and interest groups, Wong shared plans to consult residents more intensively by involving them during the design and planning stages instead of the final stages only as practiced today.
\nTypically, the town council or the government agency works with a consultant to plan the upgrading project. Thereafter, the proposed project will be exhibited for public viewing and feedback.
\nMore: Home buyers looking for HDB flats may like to visit our\u00a0Listings
\nThe feedback would usually lead to some \u201cminor fine-tuning\u201d before the upgrading project is executed.
\n\u201cThe process is not bad, but certainly, it can be improved,\u201d noted Wong, who also serves as the Second Finance Minister.
\n\u201cWe want to involve residents at the early stages of the project\u2026 This will take more time and effort, but I think it will be worthwhile. Residents will have a stronger stake in their estate, and they will have a greater sense of ownership over their common spaces.\u201d
\nMeanwhile, the minister revealed that out of the 230,000 HDB flats built from 1987 to 1997, 55,000 will be among the first batch of flats to be upgraded under the second round of the Home Improvement Programme (HIP), which is set to start from next year onwards.
\nThe remaining 175,000 flats will be scheduled \u201cprogressively\u201d for HIP, depending on the budget allocated by the Ministry of Finance, which would in turn be influenced by the economy\u2019s performance.
\nWong is optimistic that the exercise will be completed by the government \u201cover the next 10 or more years\u201d.
\n\u00a0
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Government to pour in over b into upgrading private, public estates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Meanwhile, the government will also upgrade 55,000 HDB flats under the second round of the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-111562","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-t1o","jetpack-related-posts":[{"id":33705,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/187-million-set-aside-for-private-estate-upgrading\/","url_meta":{"origin":111562,"position":0},"title":"$187 million set aside for private estate upgrading","date":"November 10, 2016","format":false,"excerpt":"\r Started in 2000, the Estate Upgrading Programme will look at upgrading 63 private housing estates across Singapore. (Photo: Nikki De Guzman) The government has set aside around $187 million for the Estate Upgrading Programme (EUP) since the scheme was launched in 2000, said Minister of State for National Development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113092,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/up-to-17000-bto-flats-to-launch-next-year-lawrence-wong\/","url_meta":{"origin":111562,"position":1},"title":"Up to 17,000 BTO flats to launch next year: Lawrence Wong","date":"December 16, 2019","format":false,"excerpt":"\r This is to meet the additional demand for houses after key policy changes.\u00a0 National Development Minister Lawrence Wong revealed that HDB will be launching 16,000 to 17,000 Build-To-Order (BTO) flats next year to meet additional demand after the roll-out of key policy changes this year, reported The Straits Times.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95787,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lifts-at-3-hdb-estates-to-be-replaced-at-no-cost-to-residents\/","url_meta":{"origin":111562,"position":2},"title":"Lifts at 3 HDB estates to be replaced at no cost to residents","date":"August 10, 2018","format":false,"excerpt":"\r Over 12,000 households in Sembawang, Woodlands and Admiralty will benefit from the new lifts. (Photo: HDB) A total of 12,600 households are expected to benefit from the early replacement of 280 lifts at Sembawang, Woodlands and Admiralty, reported Channel NewsAsia. To be made under the Sembawang Town Council\u2019s Lift\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119919,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/13-towns-identified-for-remaking-our-heartland-scheme-since-2007\/","url_meta":{"origin":111562,"position":3},"title":"13 towns identified for Remaking Our Heartland scheme since 2007","date":"February 2, 2021","format":false,"excerpt":"\r 13 towns identified for Remaking Our Heartland scheme since 2007The upgrading works aim to\u00a0strengthen\u00a0the identity of the neighbourhoods\u00a0with the building of\u00a0entrance promenades and heritage markers, as well as upgrading of facilities.\u00a0Each plan usually takes around five to 10 years to be implemented. A total of 13 towns\/estates have been\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/02\/High-rise-HDB-flats-resize.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":102934,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/location-of-some-new-funeral-parlour-sites-present-challenges\/","url_meta":{"origin":111562,"position":4},"title":"Location of some new funeral parlour sites present challenges","date":"January 14, 2019","format":false,"excerpt":"\r Location map of the future funeral parlour complex at Ang Mo Kio. Source: NEA While the industry has welcomed the identification of four new funeral parlour sites, they believe that some of the locations present challenges for the bereaved, reported Channel NewsAsia. This comes as three of the four\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121390,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4989-bto-flats-more-than-half-in-mature-estates\/","url_meta":{"origin":111562,"position":5},"title":"HDB launches 4,989 BTO flats, more than half in mature estates","date":"August 12, 2021","format":false,"excerpt":"\r Applicants can expect to wait between 37 to 67 months for the seven projects in the August 2021 BTO launch to\u00a0be completed. A total of 4,989 Build-To-Order (BTO) flats across seven projects in Jurong East, Hougang, Queenstown, Kallang Whampoa and Tampines were launched for sale by the Housing and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/AUGUST-BTO-2021.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111562"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=111562"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111562\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}