- Singapore’s Ministry of Manpower (MOM) announced today a Dormitory Transition Scheme (DTS) to improve existing worker dormitories’ living conditions and resilience against any potential future pandemics. Dormitories approved before Sep 2021 can transition to the Interim Dormitory Standards (IDS), which are less comprehensive than the New Dormitory Standards (NDS) applicable for newer dorms.
- - Read this at SGinvestors.io -
Financial support may be provided
- Given the existing shortage of worker housing, dorm operators have from 2027 to 2030 to transition under the DTS, and financial support may be provided for the retrofitting costs. By 2040, all dorms must fully comply with the NDS.
- - Read this at SGinvestors.io -
Gradual de-densification suggests supply tightness to persist
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
ONG Khang Chuen CFA CGS-CIMB Research | William TNG CFA CGS-CIMB Research | https://www.cgs-cimb.com 2023-10-11
Read also CGS-CIMB's most recent report:
2023-11-10 Centurion - Revenue Growth Accelerated In 3Q23.
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