{"id":42723,"date":"2017-02-03T11:32:31","date_gmt":"2017-02-03T04:32:31","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/town-councils-to-get-additional-100m-for-lift-maintenance\/"},"modified":"2017-02-03T11:41:52","modified_gmt":"2017-02-03T04:41:52","slug":"town-councils-to-get-additional-100m-for-lift-maintenance","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/town-councils-to-get-additional-100m-for-lift-maintenance\/","title":{"rendered":"Town councils to get additional $100m for lift maintenance"},"content":{"rendered":"


\nTown councils will receive over $100 million in additional funding to maintain or replace lifts. (Photo: HDB)
\nThe Ministry of National Development (MND) announced on Thursday (2 February) that it will provide more grants to town councils to support their elevator upkeep, or to replace one if necessary.
\n\u201c(The) MND will provide a Lift Maintenance Grant (LMG) of $600 per lift owned and maintained by town councils, to help them cope with higher lift-related servicing and maintenance costs. This is expected to cost the government an additional $13 million a year,\u201d it said.
\nStarting on 1 April, town councils will also need to set up a dedicated Lift Replacement Fund (LRF) to ensure there is enough money set aside for replacing existing elevators. To supplement their savings, the MND will match half of their quarterly contributions to the fund. This is expected to cost more than $50 million per year, and the amount is expected to rise as town councils build up their LRFs over time.
\nEarlier, the MND had also introduced a Lift Enhancement Programme (LEP), whereby the Housing Board will co-fund about 90 percent of the town councils\u2019 expenses for retrofitting older lifts, at an average cost of $45 million per annum over 10 years.
\nWith these, town councils will collectively receive over $100 million of additional funding per annum. These measures are on top of the existing grants that the MND already provides to them, namely the yearly Service & Conservancy Charge (S&CC) Operating Grants and the quarterly GST Subvention Grants, which have a combined cost of around $120 million.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Town councils to get additional 0m for lift maintenance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Town councils will receive over $100 million in additional funding to maintain or replace lifts....<\/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-42723","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-b75","jetpack-related-posts":[{"id":122979,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/18-hdb-neighbourhood-renewal-projects-delayed-by-over-six-months\/","url_meta":{"origin":42723,"position":0},"title":"18 HDB neighbourhood renewal projects delayed by over six months","date":"November 3, 2021","format":false,"excerpt":"\r Out of 32 projects, 18\u00a0HDB neighbourhood renewal projects are either fully or partially delayed by a period of over six months. With the COVID-19 pandemic posing severe challenges to the construction industry, 18 out of 32 Neighbourhood Renewal Programme (NRP) projects that are under construction have been delayed \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/construction-singapore.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":115374,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-lift-buttons-sprayed-with-self-disinfecting-coating\/","url_meta":{"origin":42723,"position":1},"title":"HDB lift buttons sprayed with \u2018self-disinfecting coating\u2019","date":"April 3, 2020","format":false,"excerpt":"\r Town councils across Singapore have coated 1.5 million lift buttons inside 26,000 HDB lifts and lift lobbies. Image: Changi Foundation A self-disinfecting coating has been sprayed on lift buttons in Singapore\u2019s Housing and Development Board (HDB) blocks, as a safeguard against viruses, fungi and bacteria. Town councils across Singapore\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68158,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/reason-for-75-support-for-neighbourhood-renewal-programme\/","url_meta":{"origin":42723,"position":2},"title":"Reason for 75% support for Neighbourhood Renewal Programme","date":"October 4, 2017","format":false,"excerpt":"\r The Housing Board\u2019s Neighbourhood Renewal Programme (NRP) enhances the living environment of two or more adjacent precincts, but before improvement works can begin, it needs the support of at least 75 percent of the areas\u2019 residents, said the Ministry of National Development (MND) in a parliamentary session on Tuesday\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77602,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lift-councils-housebuilding-cap-say-mps\/","url_meta":{"origin":42723,"position":3},"title":"Lift councils\u2019 housebuilding cap, say MPs","date":"January 22, 2018","format":false,"excerpt":"\r Government urged to allow more borrowing to help hit target of 300,000 new homes a yearAn influential cross-party committee of MPs has urged the government to lift a cap on the amount of money councils can borrow to build homes, as it delivered a mixed verdict on the chancellor\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26590,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-programme-to-help-fund-costs-of-modernising-hdb-lifts\/","url_meta":{"origin":42723,"position":4},"title":"New programme to help fund costs of modernising HDB lifts","date":"September 20, 2016","format":false,"excerpt":"\r The new Lift Enhancement Programme will support costs of modernisation of HDB lifts. (Photo: mailer_diablo, Wikimedia Commons) The Housing and Development Board (HDB) has launched a new Lift Enhancement Programme (LEP) to help town councils (TCs) modernise their existing lifts. The move comes after the Building and Construction Authority\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93677,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/150-hdb-blocks-dont-have-direct-access-to-lifts\/","url_meta":{"origin":42723,"position":5},"title":"150 HDB blocks don\u2019t have direct access to lifts","date":"July 12, 2018","format":false,"excerpt":"\r About 150 existing HDB blocks currently don\u2019t have direct access to lifts despite the implementation of the Lift Upgrading Programme (LUP) in 2001, said the Ministry of National Development (MND) in a parliamentary reply on Tuesday (11 July). \u201cAt the start of the programme, there were more than 5,300\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/42723"}],"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=42723"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/42723\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=42723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=42723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=42723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}