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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.
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