With first-timer demand for flats already fulfilled, the Housing Board can now focus on rejuvenating older estates, reportedChannel NewsAsia.
HDB manages 26 towns and housing estates, of which some are decades-old, while others are newly-built. But even as new Build-To-Order (BTO) launches are rolled out, the agency remains committed to upgrading existing estates.
In fact, it expanded its upgrading programme during the financial year 2014/2015 to more towns, resulting in the upgrading segment registering a deficit of $574 million, up from $568 million in the previous financial year.