Final Two Pandemic Delayed Bto Projects Completed Hdb
Minister for National Development Desmond Lee announced that the final two pandemic-delayed projects from HDB have been completed, according to a press release on Jan 20. These two Build-to-Order (BTO) projects, namely Punggol Point Cove (Phase 2) and Kempas Residences, mark the completion of HDB’s pandemic-delayed housing projects. Over the last five years, a total of 75,800 new flats have been delivered to Singaporeans through these 92 projects.
In 2024, HDB completed a total of 22 housing projects, out of which 17 were delayed due to the pandemic. The remaining four projects were completed on time, except for one which faced a delay due to non-pandemic reasons.
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The 22 housing projects included two Shorter Waiting Time (SWT) projects that were completed within a waiting period of less than three years. These projects, namely Parc Glen at Tengah and Grove Spring at Yishun, consisted of a total of 1,995 flats. The other projects had waiting times of up to five years, and in total, over 18,000 flats were completed in 2024.
Owners of flats in Punggol Point Cove (Phase 2) have been receiving the keys to their new homes since November 2024, whereas key collection for Kempas Residence began in mid-January this year. HDB is expected to inform the remaining flat owners about their key collection dates soon, following the completion of the final blocks in both projects this month.
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Punggol Point Cove (Phase 2) is located along New Punggol Road and comprises 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 this project was completed 12 months after its original Probable Completion Date (PCD) earlier this month. As of Jan 15, 657 households, accounting for 59% of the 1,109 booked units, have collected their keys.
According to HDB, the completion of Punggol Point Cove (Phase 2) marks the completion of all flats in the Punggol Point District. This includes other BTO projects such as Punggol Point Woods and Punggol Point Crown, which were completed in 2024.
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Kempas Residences BTO project, situated between Serangoon Road, Lavender Street and Boon Kheng Road, comprises 583 units of two-room flexi, three-, and four-room flats across four residential blocks. The final block, which was delayed by six months from its original PCD, was completed in mid-January. As of Jan 15, 37 households, accounting for approximately 7% of the 555 booked units, have received their keys.
Currently, 110 HDB housing projects are under construction, an increase from 95 a year ago due to the rise in BTO supply in recent years. HDB states that they are on track to complete approximately 17,000 flats across 27 projects in 2025. You can check out the latest listings for HDB properties on Ask Buddy, and you can also see if there are any HDB rental listings in Punggol or a price trend chart for Kempas Residences. Additionally, you can also find listings for HDB flats and compare between a HDB loan and a bank loan.