In a press release on January 20, Minister for National Development Desmond Lee announced the successful completion of the final two pandemic-delayed projects by Housing and Development Board (HDB). This marks a significant milestone for HDB as the completion of the two Build-to-Order (BTO) projects, Punggol Point Cove (Phase 2) and Kempas Residences, concludes the delivery of all pandemic-delayed housing projects. In total, a whopping 75,800 new flats have been provided to Singaporeans by HDB over the last five years.
In 2024, HDB managed to complete a total of 22 housing projects, with 17 of them facing pandemic-related delays. With the exclusion of a single project that was delayed due to other reasons, the remaining four projects were completed on schedule. These projects included two Shorter Waiting Time (SWT) projects, which were completed within a time frame of less than three years. These projects, namely Parc Glen at Tengah and Grove Spring at Yishun, made available a total of 1,995 flats. The other projects had a waiting period of up to five years. All in all, over 18,000 flats were completed in 2024, according to HDB.
Since November 2024, the new flat owners of Punggol Point Cove (Phase 2) have started receiving the keys to their homes and the key collection for Kempas Residences commenced in mid-January of this year. Following this, HDB is set to inform the remaining flat owners of their key collection date, after the completion of the final blocks in both projects this month.
Punggol Point Cove (Phase 2) is located along New Punggol Road and is comprised of 1,179 units of two-room flexi, three-, four-, and five-room flats spread across six residential blocks. Due to pandemic-related delays, the last block of the project was finished 12 months behind its original Probable Completion Date (PCD) earlier this month. As of January 15, a total of 657 households, which is 59% of the 1,109 booked units, have already collected their keys.
HDB has stated that the completion of Punggol Point Cove (Phase 2) signifies the closure of all flats in the Punggol Point District, which includes Punggol Point Cove (Phase 1), Punggol Point Woods, and Punggol Point Crown BTO projects, which were completed in 2024.
Kempas Residences BTO project, located between Serangoon Road, Lavender Street, and Boon Kheng Road, has 583 units of two-room flexi, three-, and four-room flats across four residential blocks. The final block of this project, which was delayed by six months from its original PCD, was finished in mid-January. As of January 15, a total of 37 households, which is roughly 7% of the 555 booked units, have already collected their keys.
At present, there are a total of 110 HDB housing projects under construction, which is an increase from 95 a year ago due to the surge in BTO supply in recent years. HDB has stated that it is on track to complete about 17,000 flats across 27 projects in 2025. Interested parties can get more details on new HDB properties by visiting the Ask Buddy portal.
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