The final two pandemic-delayed projects from HDB, Punggol Point Cove (Phase 2) and Kempas Residences, have been completed, announced Minister for National Development Desmond Lee on Jan 20.According to Lee, these two Build-to-Order (BTO) projects mark the completion of all 92 pandemic-delayed housing projects by HDB. Over the last five years, these projects have delivered more than 75,800 new flats to Singaporeans.In 2024, HDB completed 22 housing projects, out of which 17 were delayed due to the pandemic. The remaining four projects were completed on time, with the exception of one that faced non-pandemic related delays. This achievement reflects HDB’s commitment to providing quality homes for Singaporeans, even amidst challenging circumstances.AdvertisementAdvertisementAmong the 22 housing projects completed in 2024, two were Shorter Waiting Time (SWT) projects, which were completed within a waiting period of less than three years. These were Parc Glen at Tengah and Grove Spring at Yishun, with a total of 1,995 flats. The completion of these projects demonstrates HDB’s efforts to reduce waiting time for home buyers, in line with the government’s goal of providing citizens with affordable housing options.The remaining 20 projects had a waiting period of up to five years. In total, more than 18,000 flats were completed in 2024, says HDB.Punggol Point Cove (Phase 2) residents have been receiving their keys since November 2024, with the latest key collection taking place in January this year for Kempas Residences. HDB is expected to inform the remaining flat owners of their key collection date soon, after the completion of all blocks within both projects this month.Located along New Punggol Road, Punggol Point Cove (Phase 2) offers 1,179 units of two-room flexi, three-, four-, and five-room flats across six residential blocks. Despite facing delays, the last block was completed only 12 months after its original Probable Completion Date (PCD) earlier this month.AdvertisementAdvertisementAs of Jan 15, 657 households, or 59% out of the 1,109 booked units, have collected their keys. HDB notes that the completion of Punggol Point Cove (Phase 2) represents the final stage in the development of the entire Punggol Point District, which includes Punggol Point Cove (Phase 1), Punggol Point Woods, and Punggol Point Crown BTO projects, all completed in 2024.Situated between Serangoon Road, Lavender Street, and Boon Kheng Road, the Kempas Residences BTO project comprises 583 units of two-room flexi, three-, and four-room flats across four residential blocks. The final block, which was delayed by six months, was finished in mid-January.Out of the 555 booked units, only 37 households, or approximately 7%, have collected their keys as of Jan 15.HDB statistics show a significant increase in the number of housing projects under construction, from 95 a year ago to 110 currently. This is due to the surge in BTO supply in recent years. HDB assures that it remains on track to deliver around 17,000 flats from 27 projects in 2025.
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