Plan to give developers rapid cash back in bid to speed up large-scale home building is being considered

The article discusses the introduction of time-limited incentives aimed at enhancing the construction of apartment blocks and large housing estates. Proposed cash-back and tax-back schemes are designed to facilitate swift financial returns for developers upon project completion. This initiative primarily targets the financing gap encountered in various housing projects and is particularly focused on developing urban brownfield sites. By implementing these incentives, the government aims to expedite the construction process and ultimately address housing shortages more effectively.

Rapid cash-back and tax-back schemes for developers are being looked at to speed up the building of homes, with specific focus on large-scale apartment blocks and housing estates.

Time-limited incentives are proposed to address the financing gap in housing projects, providing tax refunds and grants upon completion.

Read at Independent