Why dont we use the revenue from land sales instead?
We already do. Past Reserves are used to fund land-related projects such as:
- Land reclamation, including polders (which are part of climate change measures).
- Creation of underground space like the Jurong Rock Cavern.
- Land acquisition projects like HDBs SERS (Selective En-bloc Redevelopment Scheme).
Past Reserves can be used for these purposes as the reserves are essentially converted back into land and the asset is preserved.
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