Funding Cap under Revitalisation of Shops Scheme

Mr Ang Wei Neng asked the Minister for National Development whether HDB has plans to increase the funding cap under the Revitalisation of Shops Scheme given that construction and material costs have increased significantly over the last few years.

Mr Khaw Boon Wan: Since the Revitalisation of Shops Scheme was launched in 2007, nine sites have completed the upgrading works. Based on the tenders awarded, the costs have remained stable. The current funding cap for the scheme is, therefore, still appropriate and HDB has no plan to revise it.