Final two pandemic-delayed BTO projects completed: HDB
Minister for National Development Desmond Lee has recently publicized the completion of the last 2 pandemic-delayed projects from HDB, according to a Jan 20 launch.
The final block, which was put off by six months from its original PCD, was finished in mid-January.
Positioned 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.
HDB is assumed to notify the waiting flat owners of their key collection date shortly, following the finish of the final blocks within both projects this month.
In 2024, HDB completed a total of 22 home properties, 17 of which were put off by the pandemic. With the exemption of one that was delayed due to non-pandemic reasons, the remaining four house projects were completed promptly.
As at Jan 15, 657 households or 59% of 1,109 booked units have gathered their keys.
Located around New Punggol Road, Punggol Point Cove (Phase 2) makes up 1,179 units of two-room flexi, three-, 4- and five-room apartments all over 6 residential blocks. Following pandemic hold-ups, the work’s last block was finished one year from its original Probable Completion Date (PCD) at an earlier time this month.
According to HDB, the completion of Punggol Point Cove (Stage 2) marks the conclusion of all flats in the Punggol Point District. This includes Punggol Point Cove (Phase 1), Punggol Point Woods and Punggol Point Crown BTO ventures, which were finished in 2024.
The remaining ventures had waiting times of as much as five years. Overall, over 18,000 flats were finished in 2024, states HDB.
As at Jan 15, 37 houses or about 7% of 555 booked units have gathered their keys.
The 22 housing projects featured 2 Shorter Waiting Time (SWT) projects, which were completed within a waiting period of a lot less than three years. The SWT plans, Parc Glen at Tengah and Grove Spring at Yishun, comprised an overall of 1,995 flats.
At present, 110 HDB housing jobs are under development, 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 ventures in 2025.
Flat proprietors of Punggol Point Cove (Phase 2) have actually been getting the keys to their brand-new residence from November 2024, whilst key collection for Kempas Residence commenced in mid-January this year.
Both Build-to-Order (BTO) jobs, Punggol Point Cove (Stage 2) and Kempas Residences, mark the conclusion of HDB’s pandemic-delayed housing projects. Overall, the 92 projects have actually provided over 75,800 new condos to Singaporeans over the last 5 years.
