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DESPITE his ministry receiving less money than it did in the previous fiscal year, Housing Minister David Lee said there will be no increase in the cost of government homes, as the ministry moves toward public-private partnerships to sustain its projects.

Speaking to reporters outside Parliament on October 23, Lee said the Housing Ministry was allocated $600 million for fiscal 2025/2026, down from $750 million in 2024, about a $150 million or 20 per cent reduction. However, he insisted this cut would not affect the ministry’s ability to deliver on its housing commitments.

"While housing would have received close to $600 million, it doesn’t mean it will hamper me and my ministers from delivering, because we are not looking solely at state funding," Lee said.