Final two pandemic-delayed BTO projects completed: HDB
In 2024, HDB completed a total of 22 house ventures, 17 of which were postponed by the pandemic. With the exception of one that was delayed due to non-pandemic reasons, the standing 4 house plans were accomplished in a timely manner.
Situated around New Punggol Road, Punggol Point Cove (Stage 2) consists of 1,179 units of two-room flexi, three-, four- and five-room apartments throughout six non commercial blocks. Following pandemic delays, the project’s last block was finished twelve month from its original Probable Completion Date (PCD) at an earlier time this month.
As at Jan 15, 37 houses or about 7% of 555 booked units have received their keys.
At present, 110 HDB home jobs are under construction, up from 95 a year ago due to the increase in BTO supply in recent years. HDB says it is on track to accomplish around 17,000 flats throughout 27 plans in 2025.
Both Build-to-Order (BTO) plans, Punggol Point Cove (Stage 2) and Kempas Residences, note the completion of HDB’s pandemic-delayed housing ventures. As a whole, the 92 plans have actually delivered over 75,800 new condos to Singaporeans over the last 5 years.
As at Jan 15, 657 households or 59% of 1,109 reserved units have picked up their keys.
HDB is anticipated to alert the remaining flat proprietors of their key collection date soon, following the completion of the last blocks within both ventures this month.
The final block, that was put off by six months from its initial PCD, was completed in mid-January.
Located between Serangoon Road, Lavender Street and Boon Kheng Road, Kempas Residences BTO project has 583 units of two-room flexi, three-, four-room apartments across four residential blocks.
Minister for National Development Desmond Lee has announced the finalization of the last 2 pandemic-delayed work from HDB, according to a Jan 20 release.
The 22 housing projects consisted of 2 Shorter Waiting Time (SWT) ventures, that were finished in just a waiting period of much less than three years. The SWT projects, Parc Glen at Tengah and Grove Spring at Yishun, made up a total amount of 1,995 condos.
According to HDB, the conclusion of Punggol Point Cove (Stage 2) notes the conclusion of all apartments in the Punggol Point District. This includes Punggol Point Cove (Stage 1), Punggol Point Woods and Punggol Point Crown BTO ventures, which were finished in 2024.
Flat homeowners of Punggol Point Cove (Phase 2) have actually been obtaining the keys to their new home ever since November 2024, whilst key collection for Kempas Residence commenced in mid-January this year.
The remaining projects had waiting times of as much as 5 years. In general, over 18,000 flats were carried out in 2024, claims HDB.
