
5 BTO projects were furthered delay after contractors engaged by HDB failed to sustain their business during COVID-19.
Many of them face labour shortages which also affected the financial status of the company. Although the government had provided assistance to the companies they are still unable to finish the job
By right the following projects are expected to complete on the following dates:
Project | No of blocks and units | Original Expected Completion Time |
Senja Ridges | 1 block – 230 units | Fourth-quarter 2021 |
Senja Heights | 2 blocks – 552 units | First-quarter 2022 |
Sky Vista @ Bukit Batok | 2 blocks – 257 units | Third-quarter 2022 |
Marsiling Grove | 5 blocks – 1,246 units | Fourth-quarter 2022 |
West Coast Parkview | 3 blocks – 697 units | Second-quarter 2023 |
HDB reported that the 5 projects have been suspended since 20th August 2021. HDB said that they will be working on bringing new contractors to undertake these projects.
Property Agent opinion:
Couples who are eager for their HDB will have to wait longer, this news could potentially increase the already expensive resale housing to increase in pricing even further.
Prices on resale housing have been on the rise this year and many single individuals are struggling to afford any resale houses. The delay of BTO housing could also mean that some people would have to continue staying with their parents or rent a house. Thus, adding another factor to the increase of HDB resale prices.
Property agents might be laughing at the bank but people who really need a home have to endure in other words “suck thumb”.