The Hous­ing De­vel­op­ment Cor­po­ra­tion (HDC) has of­fi­cial­ly can­celled the pro­cure­ment pro­ceed­ings for its con­tro­ver­sial $3.4 bil­lion De­sign-Build-Fi­nance (DBF) hous­ing pro­gramme, bring­ing an abrupt end to a process that had been un­der scruti­ny from the Of­fice of Pro­cure­ment Reg­u­la­tion (OPR) since April.

In a no­tice is­sued on June 17, the HDC said that dis­con­tin­u­ing the process is in the "pub­lic in­ter­est."

In the no­tice the HDC in­formed all par­tic­i­pat­ing pro­po­nents that pro­cure­ment pro­ceed­ings for its “Port­fo­lio 1” project had been ter­mi­nat­ed with im­me­di­ate ef­fect un­der Sec­tion 33 of the Pub­lic Pro­cure­ment and Dis­pos­al of Pub­lic Prop­er­ty Act.