20 Aug 2018 - 05:50
- The Home Improvement Programme (HIP), which upgrades older public flats around the 30th year of their lease, will be extended to those built between 1987 and 1997.
- Flats will be upgraded twice during their lease with a new HIP II. To be launched about a decade from now, it will upgrade flats around the 60th to 70th year of their lease.
- A new Voluntary Early Redevelopment Scheme will let eligible estates vote for redevelopment from about the 70th year of their lease onwards, though the scheme will not start within the next 20 years.
- A Merdeka Generation Package will be launched to help those born in the 1950s with healthcare costs. This will cover outpatient subsidies, Medisave top-ups, subsidies for MediShield Life premiums, and payouts for long-term care.
- The Community Health Assist Scheme, which subsidises GP visits, will be extended to all Singaporeans with chronic conditions regardless of income.
- New polyclinics in Sembawang, Eunos, Kallang and Bukit Panjang by 2020, and in Nee Soon Central and Tampines North by 2023.
COST OF LIVING
- Apart from concerns over housing, healthcare and education, lifestyle changes also result in cost of living pressures. As standards of living rise, people need to spend more to sustain a higher quality of life.
- The government cannot completely prevent prices from rising, such as electricity tariffs, which are linked to global oil prices.