Final two pandemic-delayed BTO projects completed: HDB
As at Jan 15, 37 houses or about 7% of 555 lined up units have received their keys.
The 22 housing projects included 2 Shorter Waiting Time (SWT) ventures, which were finished within a waiting period of much less than 3 years. The SWT projects, Parc Glen at Tengah and Grove Spring at Yishun, made up a total of 1,995 apartments.
Minister for National Development Desmond Lee has recently publicized the completion of the final two pandemic-delayed ventures from HDB, according to a Jan 20 release.
Located around Serangoon Road, 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.
As at Jan 15, 657 houses or 59% of 1,109 lined up units have picked up their keys.
HDB is assumed to inform the waiting flat owners of their key collection date soon, following the finish of the last blocks among both plans this month.
Apartment owners of Punggol Point Cove (Phase 2) have actually been receiving the keys to their new house as November 2024, whilst key collection for Kempas Residence began in mid-January this year.
Placed around New Punggol Road, Punggol Point Cove (Phase 2) consists of 1,179 units of two-room flexi, 3-, 4- and five-room condos all over six non commercial blocks. Following pandemic hold-ups, the work’s last block was finished one year from its initial Probable Completion Date (PCD) earlier this month.
The final block, that was delayed by six months from its initial PCD, was accomplished in mid-January.
Both Build-to-Order (BTO) jobs, Punggol Point Cove (Phase 2) and Kempas Residences, observe the conclusion of HDB’s pandemic-delayed property ventures. Overall, the 92 plans have actually supplied over 75,800 new condos to Singaporeans over the last 5 years.
According to HDB, the completion of Punggol Point Cove (Phase 2) marks 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 projects, which were finished in 2024.
The Arcady @ Boon Keng Singapore
In 2024, HDB completed a total of 22 home projects, 17 of which were put off by the pandemic. With the exemption of one that was delayed as a result of non-pandemic factors, the remaining four home assignments were finished in a timely manner.
The standing ventures had waiting times of up to 5 years. In general, over 18,000 apartments were finished in 2024, claims HDB.
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 complete around 17,000 flats throughout 27 projects in 2025.
