{"id":120548,"date":"2021-07-07T01:25:43","date_gmt":"2021-07-06T18:25:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-bto-projects-delayed-by-six-to-12-months-says-mnd\/"},"modified":"2021-07-18T17:03:04","modified_gmt":"2021-07-18T10:03:04","slug":"most-bto-projects-delayed-by-six-to-12-months-says-mnd","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-bto-projects-delayed-by-six-to-12-months-says-mnd\/","title":{"rendered":"Most BTO projects delayed by six to 12 months, says MND"},"content":{"rendered":"


\nMost BTO projects delayed by six to 12 months, says MNDTo reduce the length of delays, the HDB is working with various agencies on mitigating measures such as securing \u201cexemptions to allow less noisy construction activities to be carried out on Sundays and Public Holidays where possible\u201d.\u00a0
\nWith the construction industry being one of the hardest-hit sectors by the COVID-19 pandemic, most Build-to-Order (BTO) projects have been delayed by around six to 12 months beyond their original estimated completion dates, said the Ministry of National Development in Parliament on Tuesday (6 July).
\nIt noted that BTO projects launched last year have an average waiting time of about four to five years.
\n\u201cGenerally, the waiting time for newly launched BTO projects is expected to be longer, due to longer time needed to prepare the sites, as well as ongoing requirements to comply with strict safe management measures (SMM) amidst the COVID-19 pandemic,\u201d said the ministry in its written response to Member of Parliament Shawn Huang Wei Zhong\u2019s question on the average completion time for new BTO projects.
\nThe extent of delay will depend on site-specific factors like the contractor\u2019s performance, manpower availability and available supply of materials.
\nSuggested read:\u00a0Should You Buy a Balance Flat (HDB SBF\/Open Booking) or a Resale Flat?
\nTo reduce the length of delays, the HDB is working with various agencies on mitigating measures such as securing \u201cexemptions to allow less noisy construction activities to be carried out on Sundays and Public Holidays where possible\u201d, said MND.
\nOn the alternative housing arrangements provided by the HDB, the ministry encouraged flat buyers to find alternative housing arrangements with relatives, family members or on the open market.
\n\u201cWhere they are unable to do so, first-timer applicants who are waiting for their BTO flats could apply for temporary housing under the Parenthood Provisional Housing Scheme (PPHS),\u201d it said.
\nBut given the limited supply of PPHS flats, MND is looking at finetuning the allocation process in order that families with greater need of temporary housing may be given priority.
\n\u201cWe are also studying ways to increase the supply of temporary housing to better support affected flat buyers in need of housing,\u201d it said.
\nMND assured that they will provide more details on the measures once they are ready.
\n\u201cFor low-income households with no family support and no other housing options, HDB will consider offering Interim Rental Housing (IRH) on a case-by-case basis,\u201d it said.
\nThe ministry added that HDB will also consider waiving the forfeitures arising from the cancellation of flat bookings.
\nGenerally, flat buyers who cancel their flat bookings either forfeit their option fee, or 5% of the unit\u2019s purchase price, and wait out one year before they can again apply for subsidised housing \u2013 whether for a new HDB flat or a resale flat with grants.
\n\u201cThe waiver of the one-year wait out period will allow first-timer families with urgent housing needs to receive housing grants if they decide to buy a resale flat,\u201d said MND.
\n\u00a0
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this story, email:\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Most BTO projects delayed by six to 12 months, says MND<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Most BTO projects delayed by six to 12 months, says MNDTo reduce the length of...<\/p>\n","protected":false},"author":1,"featured_media":120549,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-120548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/construction-image-crane.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vmk","jetpack-related-posts":[{"id":122565,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-thirds-of-bto-projects-completed-during-the-pandemic-delayed-no-more-than-six-months\/","url_meta":{"origin":120548,"position":0},"title":"Two-thirds of BTO projects completed during the pandemic delayed no more than six months","date":"October 13, 2021","format":false,"excerpt":"\r 17 BTO projects completed during the pandemic did not see a delay past six months, with 16,000 flats being delivered since January 2020. Flat buyers at 17 Build-to-Order (BTO) projects that were completed during the COVID-19 pandemic witnessed delays of no more than six months, reported Channel News Asia\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/BTO-FLAT-hdb.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121390,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4989-bto-flats-more-than-half-in-mature-estates\/","url_meta":{"origin":120548,"position":1},"title":"HDB launches 4,989 BTO flats, more than half in mature estates","date":"August 12, 2021","format":false,"excerpt":"\r Applicants can expect to wait between 37 to 67 months for the seven projects in the August 2021 BTO launch to\u00a0be completed. A total of 4,989 Build-To-Order (BTO) flats across seven projects in Jurong East, Hougang, Queenstown, Kallang Whampoa and Tampines were launched for sale by the Housing and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/AUGUST-BTO-2021.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122413,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-wait-times-for-bto-projects-remains-at-four-to-five-years-says-desmond-lee\/","url_meta":{"origin":120548,"position":2},"title":"Average wait times for BTO projects remains at four to five years, says Desmond Lee","date":"October 6, 2021","format":false,"excerpt":"\r The total waiting time for BTO projects is still under six years, with\u00a0BTO projects launched this year and last year having wait times ranging between\u00a0three to 5.5 years. 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