03 Mar '11, 10am

Budget 2011: More Home Improvement Programme projects by 2012

SINGAPORE : National Development Minister Mah Bow Tan announced on Thursday that the pace the Home Improvement Programme (HIP) will be increased. The number of HIP projects had doubled from 7 to 14 over the last two years. And HDB will increase it to 28 projects next year. The pace will be further increased to 35 projects a year by 2014. At this pace, about 60 per cent of eligible precincts can be offered HIP over the next 5 years. The Ministry of National Development (MND) said this is expected to benefit around 160,000 households. Mr Mah said if the pace is sustained and budget available, the government should be able to finish offering HIP to all eligible precincts in about 10 years. The government will spend $10 billion to upgrade homes and rejuvenate estates over the next 10 years. Under the various upgrading programmes like the HIP, Neighbourhood Renewal Programme (N...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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