HDB Annual Report 2020/2021

HDB’s own initial target to commit 220 MWp of solar PV capacity across HDB blocks in Singapore by 2020 was met in December 2018. With the government’s announcement of a new target of 2GWp by 2030, HDB has also increased our commitment to install 540 MWp of solar PV across 70% of HDB buildings by 2030. To date, HDB has committed a total of about 330 megawatt-peak (MWp) of Solar PV systems for 6,900 public housing blocks across Singapore. Of these, more than 2,400 HDB blocks have been installed with solar PV systems so far. HDB is currently the largest stakeholder in the installation of the solar PV system in Singapore. Mount Vernon Funeral Parlour Complex (MVFPC) HDB has been appointed by the National Environment Agency (NEA) as the agent to call for the design and construction of the MVFPC. The design consultancy was awarded in October 2020, while tender for construction is estimated to be called at the end of 2021. Working together with NEA and the consultants, HDB aims to deliver a well-designed funeral parlour that is sensitively integrated with the topography and surrounding greenery. EM Services was formed in 1988 to o er estate management, engineering, contracts administration and project management services to Town Councils. HDB holds a 75% stake in the subsidiary, while Keppel Land Ltd holds the remaining 25% stake. During the year, EM Services maintained its position as the largest managing agent for public housing in Singapore. It managed about 750,000 units of residential and commercial properties on behalf of Town Councils. The company provided essential maintenance and lift maintenance services to Town Councils, property management services to both private and Government agencies, and also housing agency services. In addition, it installed and upgraded lifts in various HDB housing estates. The total revenue and management fees of the company for FY2020 was $213 million. 50 HDB ANNUAL REPORT 2020/21 SUBSIDIARY AND ASSOCIATED COMPANIES