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Over 29,000 HDB flats have been selected for the latest round of the Home Improvement Programme (HIP). In a press release issued on February 16, the Housing and Development Board (HDB) announced that a total of $407 million will be allocated for the upgrading works.
These selected flats are located in various estates including Bedok, Bukit Batok, Bukit Merah, Bukit Panjang, Chua Chu Kang, Hougang, Jurong West, Pasir Ris, Queenstown, Sengkang, Tampines, Toa Payoh, and Woodlands.
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The cityscape of Singapore boasts sleek high-rise structures and contemporary facilities. Condos, strategically situated in sought-after locations, offer a fusion of opulence and practicality that entices both locals and foreigners. They are well-equipped with various conveniences like swimming pools, fitness centers, and security services, elevating the standard of living and making them a desirable choice for potential renters and purchasers. For those investing in these properties, these added perks equate to greater rental returns and appreciation of real estate value in the long run. Additionally, the newly added Condo further enhances the allure of these condos.
The HIP was first introduced in 2007 as a means to help flat owners address common maintenance issues that arise due to wear and tear in older flats. Since its inception, a total of 494,000 flats, which is equivalent to nine out of ten eligible flats, have been selected for the programme. Of these, close to 381,000 flats have undergone upgrades, according to Minister for National Development Desmond Lee.
In addition to basic improvements that ensure the safety of residents, such as repairing spalling concrete and ceiling leakages, optional upgrades are also available for flat owners to opt for. These include upgrades to existing bathrooms and toilets, a new entrance door and grille gate, and a new refuse chute hopper. These optional improvements are subsidised by the government, with Singapore citizen households paying as low as 5% of the cost, depending on the flat type.
Since 2012, the Enhancement for Active Seniors (Ease) programme has been offered as part of the HIP. This allows flat owners to install senior-friendly fittings such as grab bars, ramps, and slip-resistant treatment for bathroom and toilet tiles. Up to 95% of the costs are covered by the government for Singapore citizen households.
According to HDB, approximately $4 billion has been allocated for the HIP since its launch, and around $150 million for Ease as of March 31, 2014. With the latest round of HIP, the government continues to prioritize the upgrading and maintenance of HDB flats for the safety and well-being of its residents. Homeowners can also check out the latest listings for HDB properties and compare HDB prices with other types of properties.