Final two pandemic-delayed BTO projects completed: HDB
Both Build-to-Order (BTO) jobs, Punggol Point Cove (Phase 2) and Kempas Residences, observe the completion of HDB’s pandemic-delayed real estate ventures. Overall, the 92 projects have supplied over 75,800 new apartments to Singaporeans over the last five years.
Flat homeowners of Punggol Point Cove (Phase 2) have actually been getting the keys to their new house ever since November 2024, whilst key collection for Kempas Residence began in mid-January this year.
As at Jan 15, 657 houses or 59% of 1,109 reserved units have gotten their keys.
The final block, which was postponed by six months from its first PCD, was accomplished in mid-January.
At present, 110 HDB home projects 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 condos all around 27 plans in 2025.
The 22 housing projects featured 2 Shorter Waiting Time (SWT) ventures, that were finished within a waiting duration of a lot less than 3 years. The SWT projects, Parc Glen at Tengah and Grove Spring at Yishun, made up an overall of 1,995 flats.
As at Jan 15, 37 houses or about 7% of 555 lined up units have gotten their keys.
The remaining projects had waiting times of approximately five years. Overall, over 18,000 apartments were finished in 2024, says HDB.
According to HDB, the completion of Punggol Point Cove (Phase 2) notes the completion of all flats in the Punggol Point District. This includes Punggol Point Cove (Phase 1), Punggol Point Woods and Punggol Point Crown BTO ventures, that were finished in 2024.
In 2024, HDB completed a total of 22 house ventures, 17 of which were postponed by the pandemic. With the exception of one that was delayed because of non-pandemic causes, the remaining four house projects were completed promptly.
Grand Dunman SingHaiyi Group Ltd
Situated around Serangoon Road, Lavender Road and Boon Kheng Road, Kempas Residences BTO project has 583 units of two-room flexi, three-, four-room apartments throughout four residential blocks.
HDB is anticipated to notify the waiting flat proprietors of their key collection date soon, following the completion of the final blocks among both plans this month.
Minister for National Development Desmond Lee has publicized the finalization of the final 2 pandemic-delayed projects from HDB, according to a Jan 20 release.
Situated around New Punggol Road, Punggol Point Cove (Stage 2) makes up 1,179 units of two-room flexi, three-, 4- and five-room apartments across six household blocks. Following pandemic hold-ups, the project’s last block was completed one year from its first Probable Completion Date (PCD) at an earlier time this month.
