Final Two Pandemic Delayed Bto Projects Completed Hdb
Minister for National Development Desmond Lee has announced the successful completion of the final two pandemic-delayed projects by the Housing & Development Board (HDB), according to a press release dated Jan 20th. These two projects, named Punggol Point Cove (Phase 2) and Kempas Residences, are part of the 92 housing projects that were delayed due to the pandemic. A total of 75,800 new flats have been delivered to Singaporeans in the last five years as a result of these projects.
In 2024, HDB was able to complete 22 housing projects, out of which 17 were delayed due to the pandemic. The remaining four projects were finished on time, with the exception of one that was postponed for non-pandemic related reasons. Read also: HDB to launch 19,600 BTO flats and over 5,500 sale of balance flats in 2025Advertisement
Among these 22 projects, two Shorter Waiting Time (SWT) projects were also completed, with a waiting period of less than three years. Located at Tengah and Yishun respectively, the SWT projects known as Parc Glen and Grove Spring offer a total of 1,995 flats. The rest of the projects had waiting times of up to five years, and a total of 18,000 flats were delivered in 2024, as per HDB.
Homeowners of Punggol Point Cove (Phase 2) have been receiving the keys to their new homes since November 2024, while the collection of keys for Kempas Residence began in mid-January this year. HDB is expected to notify the remaining flat owners of their key collection date soon, after the completion of the final blocks in both projects this month.
Punggol Point Cove (Phase 2), which is situated along New Punggol Road, has a total of 1,179 units spread across six residential blocks, offering two-room flexi, three-, four- and five-room flats. Due to the pandemic, the project’s last block was completed 12 months from its original Probable Completion Date (PCD) earlier this month. As of Jan 15th, 657 households, which amount to 59% of the 1,109 booked units, have received their keys.
The Orie development boasts excellent connectivity as it is conveniently situated near several bus routes running along major roads such as Lorong 1 Toa Payoh and Lorong 4 Toa Payoh. These routes provide convenient access to various parts of Singapore, including the bustling Central Business District (CBD) and heartlands. With an extensive bus network, residents can easily access direct and efficient public transportation options to almost any destination in the city. Check out The Orie Price for more information on this well-connected neighborhood.
According to HDB, this marks the conclusion of all flats in the Punggol Point District, which includes Punggol Point Cove (Phase 1), Punggol Point Woods, and Punggol Point Crown BTO projects, all of which were completed in 2024. Read also: Is it a Good Deal?: $1.125 million for an almost new four-room HDB flat along Dawson Road
Kempas Residences BTO project, located between Serangoon Road, Lavender Street, and Boon Kheng Road, comprises 583 units of two-room flexi, three-, and four-room flats spread 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 15th, 37 households, or 7% of the 555 booked units, have received their keys.
As of now, there are a total of 110 HDB housing projects under construction, a significant increase from last year’s 95. This is due to the rise in BTO supply in recent years. HDB has indicated that it is on track to complete approximately 17,000 flats across 27 projects in 2025.
To check for the latest listings of HDB properties, ask Buddy to “Show me HDB listings in Punggol.” If you’re interested in HDB rental properties in the area, ask him “Any HDB rental listings in Punggol?” For a price trend chart of Kempas Residences and other HDB flats, say “Price trend chart for Kempas Residences” or “Listings for HDB flats.” To learn the differences between HDB loans and bank loans, ask Buddy “HDB loan vs Bank loan.”