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Goverment burning money but base value still same. Contractor takes it all

Watchman

Alfrescian
Loyal
$86.1m to upgrade 13 HDB estates
By Hoe Yeen Nie, Channel NewsAsia | Posted: 04 September 2009 2138 hrs

HDB flats

SINGAPORE: The National Development Ministry has announced its largest batch of housing estate upgrading works to date. It will spend S$86.1m to upgrade 13 neighbourhoods, benefiting about 23,000 households.

National Development Minister Mah Bow Tan said: "The government is committed to spend money to rejuvenate your estate, to remake your estate, to make your estate more valuable. Why? Because this is the biggest asset that Singaporeans have - their home."

The precinct at Tampines Ave 5/St 91 is one of the 13 new sites selected for the Neighbourhood Renewal Programme (NRP) this year.

Residents of Tampines will be given three architectural designs to choose from and provide feedback about. At least 75 per cent of residents must vote for the final design in order for work to proceed.

If residents vote in favour of improvement works, the neighbourhood will see changes like covered walkways, playgrounds and even new letterboxes.

Details of the other 12 sites will be announced by the town advisers.

Since residents do not have to pay anything for the new amenities, it is perhaps no surprise that past NRP projects have been given the green light - by about 90 per cent of the vote.

The NRP was first announced in 2007 by Prime Minister Lee Hsien Loong at the National Day Rally. The aim is to spruce up towns that are at least 20 years old.

HDB blocks built up to 1989 that have not undergone Main Upgrading Programme (MUP), Interim Upgrading Programme (IUP) or IUP Plus are eligible for the NRP. The budget is S$3,400 per flat and will be fully funded by the government.

So far, 32 sites have been selected for the NRP, including those in the current batch.
 
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