Final two pandemic-delayed BTO projects completed: HDB
According to HDB, the conclusion of Punggol Point Cove (Phase 2) denotes the completion of all condos in the Punggol Point District. This includes Punggol Point Cove (Stage 1), Punggol Point Woods and Punggol Point Crown BTO projects, which were finished in 2024.
HDB is assumed to notify the remaining flat proprietors of their key collection date soon, following the finalization of the final blocks among both ventures this month.
Flat homeowners of Punggol Point Cove (Phase 2) have been receiving the keys to their brand-new house since November 2024, while key collection for Kempas Residence began in mid-January this year.
As at Jan 15, 37 houses or about 7% of 555 reserved units have collected their keys.
The two Build-to-Order (BTO) jobs, Punggol Point Cove (Stage 2) and Kempas Residences, mark the completion of HDB’s pandemic-delayed real estate ventures. As a whole, the 92 plans have actually provided over 75,800 brand-new flats to Singaporeans over the last 5 years.
The 22 home projects included 2 Shorter Waiting Time (SWT) ventures, that were finished in just a waiting period of a lot less than 3 years. The SWT projects, Parc Glen at Tengah and Grove Spring at Yishun, made up a total of 1,995 apartments.
The remaining projects had waiting times of as much as five years. Generally, over 18,000 flats were carried out in 2024, says HDB.
In 2024, HDB completed a sum of 22 home properties, 17 of which were put off by the pandemic. With the exemption of one that was delayed due to non-pandemic factors, the standing 4 home assignments were finished promptly.
Located between Serangoon Roadway, Lavender Street and Boon Kheng Road, Kempas Residences BTO project has 583 units of two-room flexi, three-, four-room flats throughout four residential blocks.
The final block, which was delayed by six months from its original PCD, was finished in mid-January.
At the moment, 110 HDB home projects 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 plans in 2025.
As at Jan 15, 657 houses or 59% of 1,109 reserved units have collected their keys.
Minister for National Development Desmond Lee has recently announced the finalization of the last two pandemic-delayed ventures from HDB, according to a Jan 20 release.
Positioned along New Punggol Road, Punggol Point Cove (Phase 2) consists of 1,179 units of two-room flexi, 3-, four- and five-room flats across 6 non commercial blocks. Following pandemic problems, the work’s last block was completed one year from its original Probable Completion Date (PCD) at an earlier time this month.
