Minister for National Development Desmond Lee has announced the completion of the last two previously delayed housing projects from HDB in a press release dated January 20.
The two Build-to-Order (BTO) projects, Punggol Point Cove (Phase 2) and Kempas Residences, signify the successful completion of HDB’s pandemic-delayed housing projects. In total, these 92 projects have provided more than 75,800 new flats to the people of Singapore in the last five years.
In 2024, HDB delivered 22 housing projects, out of which 17 were delayed due to the pandemic. The remaining four projects were finished on schedule, except for one that was postponed due to non-pandemic reasons.
These 22 projects included two Shorter Waiting Time (SWT) projects that were completed within a waiting period of less than three years. These SWT projects, namely Parc Glen at Tengah and Grove Spring at Yishun, consisted of a total of 1,995 flats. The rest of the projects had waiting durations of up to five years. Overall, HDB completed more than 18,000 flats in 2024.
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 Residences began in mid-January this year. HDB is expected to inform the remaining flat owners of their key collection date soon, after completing 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. Due to the pandemic delays, the last block was completed 12 months after 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.
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, all of which were finished in 2024.
Kempas Residences BTO project has 583 units of two-room flexi, three-, and four-room flats across four residential blocks and is located between Serangoon Road, Lavender Street, and Boon Kheng Road. The final block, which was delayed by six months from its original PCD, was completed in mid-January. As of January 15, 37 households, or about 7% of the 555 booked units, have collected their keys.
Currently, HDB has 110 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 approximately 17,000 flats across 27 projects in 2025. To explore HDB listings and compare HDB loans and bank loans, visit Ask Buddy.