Final two pandemic-delayed BTO projects completed: HDB
The 22 home projects featured two Shorter Waiting Time (SWT) projects, that were finished in just a waiting duration of less than three years. The SWT plans, Parc Glen at Tengah and Grove Spring at Yishun, made up an overall of 1,995 apartments.
Situated in between Serangoon Road, Lavender Street and Boon Kheng Road, Kempas Residences BTO project has 583 units of two-room flexi, three-, four-room flats across four residential blocks.
In 2024, HDB completed a sum of 22 housing ventures, 17 of which were delayed by the pandemic. With the exception of one that was delayed due to non-pandemic reasons, the remaining 4 home projects were accomplished in a timely manner.
Minister for National Development Desmond Lee has announced the finish of the final two pandemic-delayed projects from HDB, according to a Jan 20 release.
Currently, 110 HDB housing projects 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 condos throughout 27 projects in 2025.
The final block, which was postponed by six months from its original PCD, was finished in mid-January.
Flat owners of Punggol Point Cove (Phase 2) have actually been obtaining the keys to their new house from November 2024, while key collection for Kempas Residence commenced in mid-January this year.
The standing ventures had waiting times of as much as 5 years. On the whole, over 18,000 flats were carried out in 2024, states HDB.
As at Jan 15, 657 homes or 59% of 1,109 lined up units have gotten their keys.
HDB is expected to notify the waiting flat proprietors of their key collection date soon, following the completion of the final blocks within both ventures this month.
Located around New Punggol Road, Punggol Point Cove (Phase 2) comprises 1,179 units of two-room flexi, three-, four- and five-room condos all over 6 residential blocks. Following pandemic hold-ups, the work’s last block was completed twelve month from its first Probable Completion Date (PCD) at an earlier time this month.
Both Build-to-Order (BTO) plans, Punggol Point Cove (Stage 2) and Kempas Residences, note the completion of HDB’s pandemic-delayed housing ventures. Overall, the 92 plans have actually supplied over 75,800 new apartments to Singaporeans over the last 5 years.
According to HDB, the completion of Punggol Point Cove (Stage 2) denotes the completion of all flats in the Punggol Point District. This includes Punggol Point Cove (Stage 1), Punggol Point Woods and Punggol Point Crown BTO projects, that were completed in 2024.
As at Jan 15, 37 households or about 7% of 555 lined up units have received their keys.
