SINGAPORE — Service and conservancy charges will be raised twice over the next two years for Housing Board residents, shops, offices, markets and food stalls under PAP town councils due to rising costs.
Announcing this on Thursday , the Marine Parade Town Council said the fee hikes are smaller than they would have been, because PAP town councils are receiving special funding support from the Government to cushion the impact of rising maintenance costs. It added that the fee hikes will allow town councils to maintain sufficient funds over the next five years for estate maintenance and upgrading.
"While the special funding support from Government will cushion the impact on residents, we will continue to focus on improving cost savings and productivity wherever possible, and keep up contributions to the sinking fund and lift replacement fund," he said.
Source: Financial Digest (financialdigest.net)
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