Minister for National Development Desmond Lee has announced the successful completion of the final two pandemic-delayed projects by HDB, according to a press release on Jan 20.
The two Build-to-Order (BTO) projects, Punggol Point Cove (Phase 2) and Kempas Residences, signify the completion of HDB’s pandemic-delayed housing projects. In total, 92 projects have delivered more than 75,800 new flats to Singaporeans in the last five years.
For 2024, HDB completed a total of 22 housing projects, with 17 of them having been delayed due to the pandemic. The remaining four projects were completed on schedule, with only one experiencing a delay due to non-pandemic reasons.
Read also: HDB to launch 19,600 BTO flats and over 5,500 sale of balance flats in 2025
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Of the 22 housing projects, two were Shorter Waiting Time (SWT) projects that were completed within a waiting period of less than three years. These projects, Parc Glen at Tengah and Grove Spring at Yishun, consist of a total of 1,995 flats.
The remaining projects had waiting times of up to five years. Overall, over 18,000 flats were completed in 2024, according to HDB.
Flat owners of Punggol Point Cove (Phase 2) have been receiving the keys to their new homes since November 2024, while key collection for Kempas Residence began in mid-January this year.
Following the completion of the final blocks within both projects this month, HDB is expected to inform the remaining flat owners of their key collection date soon.
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Situated along New Punggol Road, Punggol Point Cove (Phase 2) consists of 1,179 units of two-room flexi, three-, four-, and five-room flats spread across six residential blocks. Due to pandemic delays, the last block of the project was completed 12 months after its original Probable Completion Date (PCD) earlier this month.
As of Jan 15, 657 households, or 59% of the 1,109 booked units, have collected their keys.
According to HDB, the completion of Punggol Point Cove (Phase 2) marks the overall completion of all flats in the Punggol Point District. This includes Punggol Point Cove (Phase 1), Punggol Point Woods, and Punggol Point Crown BTO projects, which were all completed in 2024.
Read also: Is it a Good Deal?: $1.125 million for a nearly new four-room HDB flat along Dawson Road
Situated between Serangoon Road, Lavender Street, and Boon Kheng Road, the Kempas Residences BTO project comprises of 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.
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As of Jan 15, 37 households, or about 7% of the 555 booked units, have collected their keys.
Currently, 110 HDB housing projects are under construction, an increase from 95 a year ago due to the higher BTO supply in recent years. HDB states that it is on track to complete about 17,000 flats across 27 projects in 2025.
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