Minister for National Development Desmond Lee has announced the successful completion of two long-awaited housing projects by the Housing and Development Board (HDB), as stated in a press release on January 20th.
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These two Build-to-Order (BTO) projects, namely Punggol Point Cove (Phase 2) and Kempas Residences, mark the finalization of all pandemic-delayed housing projects by HDB. Over the past five years, a total of 92 projects have been delivered, providing more than 75,800 new flats for the residents of Singapore.
In 2024, HDB has completed a total of 22 housing projects, 17 of which were delayed due to the pandemic. The remaining four projects were completed on time, except for one which faced non-pandemic related delays.
Out of these 22 projects, two were Shorter Waiting Time (SWT) projects, completed within a waiting period of less than three years – Parc Glen at Tengah and Grove Spring at Yishun, comprising of 1,995 flats. The rest of the projects had waiting times of up to five years, resulting in the completion of over 18,000 flats in 2024.
The keys to Punggol Point Cove (Phase 2) have been handed over to flat owners since November 2024, while the key collection for Kempas Residences started in January this year. HDB is expected to notify the remaining flat owners of their key collection date soon, following the completion of the final blocks within both projects this month.
Punggol Point Cove (Phase 2) is located along New Punggol Road, with a total of 1,179 units of two-room flexi, three-, four- and five-room flats across six residential blocks. After pandemic delays, the project’s last block was completed 12 months from its original Probable Completion Date (PCD) earlier this month. As of January 15, 657 households or 59% of the 1,109 booked units have collected their keys. HDB states that 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, completed in 2024.
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 across four residential blocks. The last block, delayed by six months from its original PCD, was also completed in mid-January. As of January 15, 37 households or around 7% of 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 about 17,000 flats across 27 projects in 2025.