Two-thirds of BTO projects completed during Covid-19 outbreak delayed by 6 months or less: HDB
SINGAPORE - Buyers of flats in 17 Build-To-Order (BTO) projects completed and delivered during the Covid-19 pandemic faced additional waiting time of six months or less, said the Housing Board on Tuesday (Oct 12). The 17 projects make up about two-thirds of the 25 BTO projects delivered since January last year. The remaining eight BTO projects were delayed by between seven and 10 months, said HDB. In total, more than 16,000 new homes have been delivered to Singaporeans since January 2020. Including pandemic-induced delays, the waiting time for the projects ranged from 2.4 years to 5.3 years, with an average waiting time of 4.1 years, said HDB. Last Saturday, HDB said it is on track to complete another five more BTO projects by the end of this year, barring unforeseen circumstances. This comes as National Development Minister Desmond Lee said in Parliament earlier this month that the average waiting time for ongoing BTO flats is between four and five years, even after taking into account delays brought about by the pandemic. He was clarifying the misconception that waiting times for BTO flats have risen to six to seven years, given the impact that Covid-19 has had on the constructio...
