24 Feb '14, 3am

Budget: Govt to further support developers - Property Auctions News, Property Investment

The government will increase efforts to upgrade Singapore’s construction sector, revealed Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam in his Budget 2014 statement. “For selected Government Land Sales (GLS) sites, we will mandate the use of productive technologies such as prefab prefinished volumetric construction and prefab bathroom units in the tender conditions. JTC will also stipulate a minimum percentage level of prefabrication as part of tender conditions for Industrial Government Land Sales (iGLS) sites.” The Minister added that incentives will be given to developers who adopt productive technologies in developments on non-GLS sites. Public sector agencies such as HDB and JTC will take the lead in this area by optimising the use of precast and prefabricated components in their upcoming projects. The government will also continue to increase the ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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