Redas president calls for more financial support to green developments
The Real Estate Developers’ Association of Singapore (Redas) pledges a sustainable approach for the built environment sector, emphasizing collaboration among developers, government, and businesses.
Addressing the sector’s 38% contribution to global carbon emissions, Redas supports Singapore’s Green Plan 2030 and the 80-80-80 Green Building Masterplan.
Redas president on green developments
The government offers grants to aid developers, while Redas highlights the need for investment, education, and training. However, challenges include economic uncertainties, construction delays, and rising costs.
“Close collaborative efforts of multiple stakeholders are key to unlocking eco-friendly alternatives and more sustainable solutions for our urban systems and operations,” says Redas president Chia Ngiang Hong in his speech. “This includes developers, financial institutions, government, businesses and end-users.”