Final two pandemic-delayed BTO projects completed: HDB
As at Jan 15, 37 households or about 7% of 555 reserved units have gotten their keys.
At the moment, 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 finish around 17,000 flats all around 27 projects in 2025.
Situated in between Serangoon Roadway, Lavender Road and Boon Kheng Road, Kempas Residences BTO project has 583 units of two-room flexi, three-, four-room flats throughout four residential blocks.
Both Build-to-Order (BTO) jobs, Punggol Point Cove (Phase 2) and Kempas Residences, note the completion of HDB’s pandemic-delayed real estate ventures. As a whole, the 92 plans have actually provided over 75,800 new apartments to Singaporeans over the last five years.
According to HDB, the finalization of Punggol Point Cove (Stage 2) notes the completion of all condos 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.
Minister for National Development Desmond Lee has publicized the finish of the final 2 pandemic-delayed projects from HDB, according to a Jan 20 launch.
Apartment proprietors of Punggol Point Cove (Phase 2) have actually been receiving the keys to their new residence as November 2024, whilst key collection for Kempas Residence commenced in mid-January this year.
The final block, which was put off by six months from its first PCD, was finished in mid-January.
Located throughout New Punggol Roadway, Punggol Point Cove (Stage 2) makes up 1,179 units of two-room flexi, 3-, four- and five-room flats all over 6 residential blocks. Following pandemic hold-ups, the project’s last block was completed one year from its original Probable Completion Date (PCD) earlier this month.
In 2024, HDB finished a total of 22 home ventures, 17 of which were delayed by the pandemic. With the exemption of one that was delayed due to non-pandemic causes, the standing four home plans were completed on schedule.
The standing ventures had waiting times of up to five years. On the whole, over 18,000 apartments were finished in 2024, claims HDB.
As at Jan 15, 657 homes or 59% of 1,109 lined up units have picked up their keys.
HDB is anticipated to alert the remaining flat proprietors of their key collection date soon, following the finalization of the final blocks among both projects this month.
The 22 housing projects featured two Shorter Waiting Time (SWT) projects, which were completed within a waiting period of much less than 3 years. The SWT plans, Parc Glen at Tengah and Grove Spring at Yishun, consisted of a total of 1,995 flats.
