HDB CONTRACTS

Dr Toh Chin Chye asked the Minister for National Development if he will give, for each of the years from 1980 to 1986, the value, total area and price per square metre of the Housing and Development Board contracts given out (i) on tender and (ii) after negotiation.

Mr S. Dhanabalan: The information requested by the Member for Rochore, viz, the value, total area and price per metre square of the Housing and Development Board (HDB) contracts awarded for the seven years from 1980 to 1986 is captured in about 800 individual building contracts involving some 2,500 blocks of flats.

To extract these statistics would be tremendously time-consuming and laborious. The HDB however, has been keeping summary records of its analysis of all lump sum tenders awarded in the form of building tender prices per metre square of floor area. This information is readily available and is shown in Table A. TABLE A _____________________________________________________________ *BUILDING CONTRACT PRICES ($ PER METRE SQUARE OF FLOOR AREA) FOR HIGH-RISE DEVELOPMENT ON PILES FOUNDATION ___________________________________________________ TENDER NEGOTIATION YEAR ___________________________________________________ Lowest Highest Lowest Highest _____________________________________________________________ 1980 145.95 271.97 NIL NIL 1981 251.07 294.78 254.50 343.70 1982 229.39 330.24 247.00 343.36 1983 203.67 296.25 228.00 # 1984 192.54 271.18 228.00 # 1985 184.37 253.79 221.50 251.63 1986 187.65 275.94 243.75 # _____________________________________________________________ The above information covers only public housing dwelling units excluding Middle Income Housing Units and projects within the Central Area. * Building contract prices exclude the costs of civil engineering works, electrical, sanitary, CATV, piling, earthworks, land, resettlement, interest & financing. Information based on tender/negotiation closing date. # Not applicable as there was only one rate for that year. statement - MINISTRY OF FINANCE PRESS STATEMENT (Cols. 227 - 230)