In a press release on January 20, Minister for National Development Desmond Lee announced that the final two pandemic-delayed projects from the Housing Development Board (HDB) have been completed. The two Build-to-Order (BTO) projects, Punggol Point Cove (Phase 2) and Kempas Residences, mark the end of HDB’s housing projects that were delayed due to the pandemic. Together, these two projects have delivered over 75,800 new flats to Singaporeans in the last five years.
In 2024, a total of 22 housing projects were completed by HDB, out of which 17 were delayed due to the pandemic. The remaining four projects were completed on time, except for one which was delayed for non-pandemic reasons. These 22 projects also include two Shorter Waiting Time (SWT) projects, Parc Glen at Tengah and Grove Spring at Yishun, which were completed within a waiting period of less than three years and made up of 1,995 flats. The rest of the projects had waiting times of up to five years, with over 18,000 flats completed in 2024.
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Punggol Point Cove (Phase 2) residents have started receiving the keys to their new homes since November 2024, while keys collection for Kempas Residences began in mid-January this year. HDB is expected to inform the remaining flat owners about their key collection dates soon, following the completion of the final blocks in both projects this month. Punggol Point Cove (Phase 2) is situated along New Punggol Road and comprises 1,179 units of two-room flexi, three-, four-, and five-room flats across six residential blocks. The last block of this project was completed 12 months later than its original Probable Completion Date (PCD) due to pandemic delays. As of January 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 end of all flats in the Punggol Point District, including Punggol Point Cove (Phase 1), Punggol Point Woods, and Punggol Point Crown BTO projects, which were completed in 2024.
Kempas Residences, located between Serangoon Road, Lavender Street, and Boon Kheng Road, has 583 units of two-room flexi, three-, and four-room flats across four residential blocks. The final block, delayed by six months from its original PCD, was completed in mid-January. As of January 15, 37 households or around 7% of the 555 booked units have collected their keys. Currently, there are 110 HDB housing projects under construction, an increase from 95 a year ago due to the rise in BTO supply in recent years. HDB is on track to complete around 17,000 flats across 27 projects in 2025.