Oversight of NEST Singapore Limited
- Leong Mun Wai asked about oversight measures for NEST Singapore Limited and whether it would operate on a for-profit or cost recovery basis.
- Tan See Leng explained that NEST will be established as a Company Limited by Guarantee with its own board and management to ensure proper governance.
- The two NEST dormitories will follow the same licensing and regulatory requirements under the Foreign Employees Dormitories Act as other dormitory operators.
- NEST aims to drive innovation, transform migrant worker housing practices, and build capabilities in dormitory management.
- The Ministry for Manpower will oversee NEST, but the entity itself will manage its governance and operations.