Source : Business Times – 22 Jun 2009
PRIVATE housing estates will now be able to tap a new $25 million scheme for small-scale upgrading.
This scheme is to complement the existing Estate Upgrading Programme, intended for the upgrading of estates which are at least 30 years old, reported Channel NewsAsia yesterday.
Some 250,000 households in private estates are expected to benefit from the three-year Interim Estate Upgrading Programme, which was announced by Lim Hwee Hua, Minister in the Prime Minister’s Office and Second Minister for Finance and Transport.
Private estate committees can start applying for funding over the next few weeks, but the general rule will be that estates which have undergone improvements in the last five years will not be eligible.
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