Advertisement
Singapore markets close in 47 minutes
  • Straits Times Index

    3,277.99
    -9.76 (-0.30%)
     
  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     
  • Hang Seng

    17,665.05
    +380.51 (+2.20%)
     
  • FTSE 100

    8,121.53
    +42.67 (+0.53%)
     
  • Bitcoin USD

    64,375.15
    +373.81 (+0.58%)
     
  • CMC Crypto 200

    1,387.57
    -8.97 (-0.64%)
     
  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     
  • Dow

    38,085.80
    -375.12 (-0.98%)
     
  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     
  • Gold

    2,360.60
    +18.10 (+0.77%)
     
  • Crude Oil

    84.04
    +0.47 (+0.56%)
     
  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     
  • FTSE Bursa Malaysia

    1,574.36
    +5.11 (+0.33%)
     
  • Jakarta Composite Index

    7,069.69
    -85.61 (-1.20%)
     
  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

63 per cent of delayed HDB BTO projects delivered in March 2023

This number represents a total of 58 HDB projects completed over the last two years.

HDB Build-to-Order (BTO) project construction near Caldecott.
HDB has completed about 63 per cent of pandemic-induced delayed Build-to-Order (BTO) projects as of March 2023. (PHOTO: Yahoo Finance Singapore) (Timothy Kang)

SINGAPORE — The Housing and Development Board (HDB) has completed about 63 per cent of pandemic-induced delayed Build-to-Order (BTO) projects as of March 2023, said National Development Minister Desmond Lee on Tuesday (18 April).

In a Facebook post, the minister said that the percentage represents a total of 58 projects completed over the last two years.

In March alone, HDB completed a total of seven BTO projects, which is the highest number in a single month since 2017 and significantly higher than the average of one to two completions a month.

This included projects such as Keat Hong Verge in Choa Chu Kang, which the minister said is the first BTO project to be completed without any delays since the COVID-19 circuit breaker in 2020. The project had a waiting time of about two years.

ADVERTISEMENT

Another of the completed BTO projects, Marsiling Grove in Woodlands, had been affected by the liquidation of the previous main contractor Greatearth.

"It was not easy, but through the concerted efforts of HDB colleagues and contractors, we managed to deliver the project according to committed timelines, without compromising on safety and quality," said the minister.

He added that the last of Greatearth's projects, West Coast Parkview, is on track to be delivered in Q3 2023.

"We look to complete all remaining delayed projects in about two years' time," said the minister.

Follow us on Facebook, Instagram, TikTok and Twitter.

Yahoo Singapore Telegram
Yahoo Singapore Telegram