{"id":114377,"date":"2020-02-19T10:27:49","date_gmt":"2020-02-19T03:27:49","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/budget-2020-government-unveils-measures-to-fight-climate-change-support-sectors-affected-by-outbreak\/"},"modified":"2020-02-19T10:34:14","modified_gmt":"2020-02-19T03:34:14","slug":"budget-2020-government-unveils-measures-to-fight-climate-change-support-sectors-affected-by-outbreak","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/budget-2020-government-unveils-measures-to-fight-climate-change-support-sectors-affected-by-outbreak\/","title":{"rendered":"Budget 2020: Government unveils measures to fight climate change, support sectors affected by outbreak"},"content":{"rendered":"


\nHDB will also roll out a new Green Towns Programme to recycle rainwater, reduce energy consumption and cool the towns.
\nThe Singapore government introduced a slew of measures in one of its most expansionary budgets. These include measures to battle against climate change and support sectors that are most affected by the coronavirus outbreak.
\nIn its fight against climate change, the government will set up a Coastal and Flood Protection Fund, which will have an initial injection of $5 billion. The amount will be topped up when possible, reported The Straits Times.
\nThe Housing and Development Board (HDB) will also roll out a new Green Towns Programme to recycle rainwater, reduce energy consumption and cool the towns.
\nThis will ensure that sustainable living is a key feature of HDB estates, said Deputy Prime Minister Heng Swee Keat, who delivered the Budget speech on Tuesday (18 February).
\nHe noted that it was critical to mobilise a collective effort by citizens to address the threat of climate change. One such instance is one\u2019s choice of household appliances, he added.
\nTo encourage more families to buy energy-efficient household appliances, incentives will be given to lower-income households to help with such costs.
\n\u201cTo deal with climate change, we have to foster a climate of change in our community, where everyone, whether as an individual, as a business leader, or as a community leader, makes conscious decisions to lower our carbon footprint.\u201d
\nIn a bid to phase out vehicles with internal combustion engines by 2040, an additional rebate will be given to early adopters of electric vehicles (EVs). With this, those purchasing fully electric taxis and cars will enjoy a 45% rebate on the additional registration fee. The rebate will begin in January 2021, for a period of three years.
\nEVs and some hybrid vehicles will also have lower taxes, as the tax methodology for cars will be revised from next January.
\nMeanwhile, the five sectors directly affected by the COVID-19 outbreak \u2013 namely, retail, tourism, food services, aviation and point-to-point transport services \u2013 will receive additional support for their cash flow and operating costs as well as to re-skill and retain workers.
\nHotels, serviced apartments and meetings, incentives, conventions, and exhibitions (Mice) venues will get a 30% property tax rebate for 2020, while international cruise and regional ferry terminals will enjoy a 15% property tax rebate. Integrated resorts, on the other hand, will receive a 10% property tax rebate.
\nA Temporary Bridging Loan Programme will be introduced to offer additional cash-flow support for companies within the tourism sector.
\nRetail and food services establishments will also get support, with about $45 million in rental waivers for hawkers within National Environment Agency-managed hawker centres as well as markets and commercial tenants of government agencies.
\nThose operating in qualified commercial properties will receive a 15% property tax rebate, with the landlords encouraged to pass on the rebate to their tenants.
\nThe government, the Changi Airport Group and the Civil Aviation Authority of Singapore will also co-fund an Aviation Sector Assistance Package totalling $112 million to provide companies affected by the virus outbreak some relief.
\nThis includes companies in the cargo industry, airlines and other airport stakeholders like Changi Airport\u2019s retail and food and beverage tenants, which will also get a 15% property tax rebate.
\nThe government will extend the funding support duration for the re-skilling of workers in these sectors, from three months to a maximum of six months. It will also support employers in these sectors to train and retain over 330,000 local workers.
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg`
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Budget 2020: Government unveils measures to fight climate change, support sectors affected by outbreak<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

HDB will also roll out a new Green Towns Programme to recycle rainwater, reduce energy...<\/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-114377","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-tKN","jetpack-related-posts":[{"id":114724,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lawrence-wong-unveils-10-year-hdb-green-towns-programme-plan-to-green-hdb-towns\/","url_meta":{"origin":114377,"position":0},"title":"Lawrence Wong unveils 10-year HDB Green Towns Programme plan to green HDB towns","date":"March 5, 2020","format":false,"excerpt":"\r The HDB Green Towns programme will focus on recycling rainwater, reducing energy consumption and cooling HDB towns. Image: HDB Minister for National Development (MND) Lawrence Wong has unveiled a 10-year plan to make Housing and Development Board (HDB) towns more sustainable and liveable by 2030. Through the HDB Green\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114794,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/experts-believe-hdbs-10-year-green-towns-programme-is-doable\/","url_meta":{"origin":114377,"position":1},"title":"Experts believe HDB\u2019s 10-year Green Towns programme is doable","date":"March 9, 2020","format":false,"excerpt":"\r The Green Towns programme will see HDB estates incorporate various green features, including heat-reflecting paint, solar panels, LED lights, green canopy and rainwater recycling.\u00a0\u00a0 While the government\u2019s 10-year plan to make Housing and Development Board (HDB) towns liveable and more environmentally sustainable is ambitious, it is doable, according to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/one-to-three-room-hdb-households-to-benefit-from-24-8m-climate-friendly-household-package\/","url_meta":{"origin":114377,"position":2},"title":"One- to three-room HDB households to benefit from $24.8m climate-friendly household package","date":"March 5, 2020","format":false,"excerpt":"\r NEA revealed that over 300,000 households living in one-, two- and three-room HDB flats will qualify for the voucher. 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Sunseap Leasing has won the tender to install solar photovoltaic (PV) systems at 1,218 HDB blocks and 49 government sites, which include 13 Ministry of Defence sites and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/seven-urban-farming-sites-at-hdb-rooftops-awarded\/","url_meta":{"origin":114377,"position":4},"title":"Seven urban farming sites at HDB rooftops awarded","date":"September 27, 2021","format":false,"excerpt":"\r These seven\u00a0HDB rooftop urban farming sites are located in Jurong West, Bukit Panjang, Sembawang and Woodlands. 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