Singapore Needs More Funds to Build Green Towers: Southeast Asia
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Singapore’s building regulator is seeking more funds to support landlords who upgrade systems used to power and cool structures, which account for a third of the nation’s electricity consumption.
The Building and Construction Authority wants more money after exhausting S$100 million ($78 million) allotted in 2009 to help property owners make their developments more environmentally friendly, Chief Executive Officer John Keung said. It needs the funds to offer incentives and programs to help owners of older properties upgrade, he said.