According to a press release on January 20th, Minister for National Development Desmond Lee announced that the final two pandemic-delayed projects from HDB have been completed. These two projects, Punggol Point Cove (Phase 2) and Kempas Residences, signal the end of the HDB’s pandemic-delayed housing projects. Over the past five years, a total of 92 projects have provided more than 75,800 new flats to Singaporeans.
In 2024, HDB completed 22 housing projects, with 17 of them being delayed due to the pandemic. The remaining four projects were completed on time, with the exception of one due to non-pandemic issues. These completed projects included two Shorter Waiting Time (SWT) projects, Parc Glen at Tengah and Grove Spring at Yishun, which provided 1,995 flats with a waiting period of less than three years. The other projects had a waiting period of up to five years, and a total of 18,000 flats were completed in 2024.
Flat owners of Punggol Point Cove (Phase 2) have been receiving their keys since November 2024, while those of Kempas Residences began collecting their keys in mid-January of this year. The remaining flat owners are expected to be notified of their key collection date soon, following the completion of the final blocks in both projects this month.
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Punggol Point Cove (Phase 2), located along New Punggol Road, consists of 1,179 units of two-room flexi, three-, four-, and five-room flats across six residential blocks. Due to pandemic delays, the final block was completed 12 months after its original Probable Completion Date (PCD) earlier this month. As of January 15th, 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 BTO project, located between Serangoon Road, Lavender Street, and Boon Kheng Road, consists of 583 units of two-room flexi, three-, and four-room flats across four residential blocks. The final block, which was delayed by six months from its original PCD, was completed in mid-January. As of January 15th, 37 households, or approximately 7% of the 555 booked units, have collected their keys.
Currently, HDB has 110 housing projects under construction, up from 95 a year ago, due to the increase in BTO supply in recent years. HDB states that it is on track to complete around 17,000 flats across 27 projects in 2025.