The two BTO projects, Punggol Point Cove (Phase 2) and Kempas Residences, have been completed by HDB after facing delays caused by the pandemic, announced Minister for National Development Desmond Lee on Jan 20. These two projects mark the completion of the remaining delayed projects from HDB.According to the release on Jan 20, a total of 92 housing projects have been delayed by the pandemic and have been completed over the last five years. These projects have delivered more than 75,000 new flats to Singaporeans. In 2024, 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 faced a delay due to non-pandemic related reasons.AdvertisementThe 22 completed projects included two Shorter Waiting Time (SWT) projects which took less than three years to complete. These projects, Parc Glen at Tengah and Grove Spring at Yishun, had a total of 1,995 flats. The remaining projects had a waiting time of up to five years. In total, more than 18,000 flats were completed in 2024, as per HDB’s report.The flat owners of Punggol Point Cove (Phase 2) have been receiving their keys since November 2024, while the key collection for Kempas Residences began in mid-January this year. HDB is expected to inform the remaining flat owners about their key collection dates shortly, as the final blocks of both the projects have been completed this month.Located along New Punggol Road, Punggol Point Cove (Phase 2) comprises 1,179 units of two-room flexi, three-, four- and five-room flats across six residential blocks. Due to pandemic delays, the last block of this project was completed 12 months later than the 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.AdvertisementHDB states that the completion of Punggol Point Cove (Phase 2) marks the completion of all the 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.Situated between Serangoon Road, Lavender Street, and Boon Kheng Road, Kempas Residences BTO project features 583 units of two-room flexi, three-, four-room flats across four residential blocks. The final block, which faced a delay of six months from its original PCD, was completed in mid-January. As of Jan 15, 37 households or about 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 has expressed that it is on track to complete about 17,000 flats across 27 projects in 2025. To find out more about available HDB properties, you can use the BuddyShow me HDB listings in PunggolAny HDB rental listings in Punggol?Price trend chart for Kempas ResidencesListings for HDB flatsHDB loan vs Bank loanFor more information on HDB properties, visit the BuddyShow me HDB listings in PunggolAny HDB rental listings in Punggol?Price trend chart for Kempas ResidencesListings for HDB flatsHDB loan vs Bank loan.
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