In a press release on January 20th, Minister for National Development Desmond Lee announced the completion of the final two Build-to-Order (BTO) projects from the Housing and Development Board (HDB), which were delayed due to the pandemic.
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The two projects, Punggol Point Cove (Phase 2) and Kempas Residences, signify the end of HDB’s pandemic-delayed housing projects. With these two projects, a total of 92 projects have been completed over the last five years, delivering over 75,800 new flats to Singaporeans.
Of the 22 housing projects completed in 2024, 17 were delayed due to the pandemic, while the remaining four were completed on time, except for one that was delayed for non-pandemic reasons.
Among these completed projects, two were Shorter Waiting Time (SWT) projects, which were completed within three years. These are Parc Glen at Tengah and Grove Spring at Yishun, which consisted of 1,995 flats. The remaining projects had waiting times of up to five years, with a total of over 18,000 flats completed in 2024.
Since November 2024, flat owners of Punggol Point Cove (Phase 2) have been receiving the keys to their new homes, while key collection for Kempas Residences began in mid-January this year. The remaining flat owners will be notified of their key collection date soon, after the completion of the final blocks in both projects this month.
Punggol Point Cove (Phase 2) is located along New Punggol Road and consists of 1,179 units of two-room flexi, three-, four-, and five-room flats across six residential blocks. Due to pandemic delays, the last block was completed 12 months after its original Probable Completion Date (PCD) earlier this month. As of January 15th, 657 households (59% of 1,109 booked units) have collected their keys.
According to HDB, the completion of Punggol Point Cove (Phase 2) marks the end of all flats in the Punggol Point District, including Punggol Point Cove (Phase 1), Punggol Point Woods, and Punggol Point Crown BTO projects that were completed in 2024.
Kempas Residences, situated between Serangoon Road, Lavender Street, and Boon Kheng Road, consists of 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 January 15th, 37 households (7% of 555 booked units) have collected their keys.
HDB currently has 110 housing projects under construction, up from 95 a year ago due to the increase in BTO supply in recent years. They are on track to complete around 17,000 flats across 27 projects in 2025. To explore HDB properties, you can check out the latest listings on Ask Buddy.