Final Two Pandemic Delayed Bto Projects Completed Hdb
Minister for National Development Desmond Lee has announced the successful completion of the last two pandemic-delayed projects by the Housing and Development Board (HDB). In a media release on January 20, Lee stated that the two Build-to-Order (BTO) projects, Punggol Point Cove (Phase 2) and Kempas Residences, have been completed, bringing the total number of newly completed flats by HDB over the past five years to more than 75,800.
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In 2024, HDB finished a total of 22 housing projects, out of which 17 were delayed due to the pandemic. With only one project experiencing delays due to non-pandemic reasons, the remaining four were completed on schedule. The 22 projects also included two Shorter Waiting Time (SWT) projects, which were completed within a waiting period of less than three years. The SWT projects, Parc Glen at Tengah and Grove Spring at Yishun, offered a total of 1,995 flats.
However, the rest of the projects had waiting times of up to five years. Overall, more than 18,000 flats were finished in 2024, according to HDB. The flat owners of Punggol Point Cove (Phase 2) started receiving their keys to their new homes in November 2024, while key collection for Kempas Residence began in mid-January this year. HDB is expected to inform the remaining flat owners of their key collection schedule shortly after wrapping up the final blocks in both projects this month.
Located along New Punggol Road, Punggol Point Cove (Phase 2) consists of 1,179 units of two-room flexi, three-, four-, and five-room flats across six residential blocks. Due to pandemic delays, the last block of the project was completed 12 months from its original Probable Completion Date (PCD), earlier this month. As of January 15, 657 households, or 59% of the 1,109 booked units, have received their keys.
HDB also mentioned that the completion of Punggol Point Cove (Phase 2) signals the completion of all flats in the Punggol Point District, including Punggol Point Cove (Phase 1), Punggol Point Woods, and Punggol Point Crown BTO projects, which were all completed in 2024. Meanwhile, Kempas Residences BTO project, situated between Serangoon Road, Lavender Street, and Boon Kheng Road, offers 583 units of two-room flexi, three-, and four-room flats across four residential blocks. The final block, which had a six-month delay from its original PCD, was completed in mid-January. As of January 15, 37 households, or about 7% of 555 booked units, have collected their keys.
Currently, there are 110 HDB housing projects under construction, an increase from 95 a year ago due to the surge in BTO supply in recent years. HDB is on track to finish around 17,000 flats across 27 projects in 2025.
