Final two pandemic-delayed BTO projects completed: HDB
Minister for National Development Desmond Lee has recently publicized the finalization of the final 2 pandemic-delayed projects from HDB, according to a Jan 20 launch.
The final block, which was postponed by six months from its initial PCD, was accomplished in mid-January.
According to HDB, the finalization of Punggol Point Cove (Stage 2) notes the completion of all apartments in the Punggol Point District. This includes Punggol Point Cove (Phase 1), Punggol Point Woods and Punggol Point Crown BTO projects, which were finished in 2024.
As at Jan 15, 657 houses or 59% of 1,109 lined up units have collected their keys.
As at Jan 15, 37 households or about 7% of 555 lined up units have gathered their keys.
The 22 home projects consisted of two Shorter Waiting Time (SWT) projects, which were completed within a waiting duration of much less than 3 years. The SWT projects, Parc Glen at Tengah and Grove Spring at Yishun, consisted of a total amount of 1,995 condos.
Currently, 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 condos all around 27 ventures in 2025.
Union Square Residences City Developments Limited
The two Build-to-Order (BTO) jobs, Punggol Point Cove (Phase 2) and Kempas Residences, note the conclusion of HDB’s pandemic-delayed real estate projects. As a whole, the 92 plans have actually provided over 75,800 brand-new apartments to Singaporeans over the last 5 years.
Located along New Punggol Road, Punggol Point Cove (Phase 2) makes up 1,179 units of two-room flexi, three-, 4- and five-room flats across six household blocks. Following pandemic hold-ups, the project’s last block was finished twelve month from its initial Probable Completion Date (PCD) earlier this month.
In 2024, HDB finished a total of 22 housing ventures, 17 of which were delayed by the pandemic. With the exemption of one that was delayed as a result of non-pandemic reasons, the remaining 4 house assignments were completed in a timely manner.
The remaining projects had waiting times of approximately 5 years. In general, over 18,000 flats were completed in 2024, says HDB.
Condo owners of Punggol Point Cove (Phase 2) have been receiving the keys to their brand-new home ever since November 2024, while key collection for Kempas Residence started in mid-January this year.
Positioned between Serangoon Roadway, Lavender Road and Boon Kheng Road, Kempas Residences BTO project has 583 units of two-room flexi, three-, four-room apartments across four residential blocks.
HDB is assumed to inform the remaining flat owners of their key collection date soon, following the finish of the last blocks among both ventures this month.