SINGAPORE – About 40 per cent of ongoing Build-To-Order (BTO) projects are delayed owing to the Covid-19 pandemic, and the Housing Board said it expects to clear the backlog in about two years. HDB on Saturday said the proportion of such delayed BTO projects has come down from more than 90 per cent in 2021 on the back of the...
In the past two years, HDB has completed 55 per cent of BTO projects – or 52 projects – delayed by pandemic-related factors. ST PHOTO: DESMOND WEE
In the past two years, HDB has completed 55 per cent of BTO projects – or 52 projects – delayed by pandemic-related factors. This project completion rate is the highest in the past five years, said HDB chief executive Tan Meng Dui. Keat Hong Verge, located in the non-mature estate of Choa Chu Kang, has 987 two-room flexi, three-room, four-room and five-room units across five blocks.
To date, close to 11,000 flats with shorter waiting times have been launched. Of these, about 7,200 flats were launched between 2020 and 2022. To help contractors reduce construction delays, HDB sourced workers from overseas and helped them enter Singapore safely to tackle labour shortages. The board also shouldered some of the Covid-19-related cost increases.
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