{"id":122413,"date":"2021-10-06T03:20:50","date_gmt":"2021-10-05T20:20:50","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-wait-times-for-bto-projects-remains-at-four-to-five-years-says-desmond-lee\/"},"modified":"2021-10-06T12:26:10","modified_gmt":"2021-10-06T05:26:10","slug":"average-wait-times-for-bto-projects-remains-at-four-to-five-years-says-desmond-lee","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/average-wait-times-for-bto-projects-remains-at-four-to-five-years-says-desmond-lee\/","title":{"rendered":"Average wait times for BTO projects remains at four to five years, says Desmond Lee"},"content":{"rendered":"


\nThe 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.
\nIncluding delays brought about by the pandemic, the average waiting time for ongoing Build-to-Order (BTO) projects has remained between four to five years, said National Development Minister Desmond Lee in Parliament on Tuesday (5 October).
\n\u201cBarring further unexpected developments, most flat buyers can expect to move into their flats within four to five years after booking their flats,\u201d he said.
\nHe noted that the wait times for BTO projects launched in 2020 and this year range from three to 5.5 years.
\nHougang Citrine and Alkaff Breeze in Bidadari, for instance, have waiting times of over three years, while Garden Court @ Tengah has a waiting time of around 3.5 years.
\nSome projects, such as Queen\u2019s Arc, are expected to take longer at around 5.5 years.
\n\u201cThis is because the conditions of the site are difficult, and construction will take longer, or these are projects with very high storey-heights, which require more construction time,\u201d explained Lee.
\n\u201cThese have caused some people to worry that all new BTOs will take six to seven years. But these are in the minority.\u201d
\nLee was responding to Member of Parliament Cheryl Chan Wei Ling, who asked whether the disruptions caused by the COVID-19 pandemic will affect the previous estimated timelines of BTO projects.
\nIn his reply, the minister shared that the Government\u2019s support measures have helped keep the pandemic-induced delays to BTO projects to a year or less.
\nThis is except for one project \u201cwhich had already experienced project difficulties unrelated to the pandemic\u201d, he said.
\nAs such, the total waiting time for BTO projects has been kept under six years.
\nThe Housing and Development Board (HDB) has rolled out measures \u201cto help contractors complete ongoing projects in a timely manner\u201d.
\nThis includes helping firms safely recruit workers from various countries and sharing the hike in manpower costs.
\nIt also implemented antigen rapid testing (ART) in addition to rostered routine testing (RRT) at worksites to minimise work stoppage due to virus transmission.
\n\u201cTo help with the higher cost of materials, HDB has extended the period of protection against steel price fluctuations and supplied contractors with more concreting materials at protected prices,\u201d said Lee.
\nHDB has also helped affected flat buyers secure interim housing, he said, noting that the supply of flats under the Parenthood Provisional Housing Scheme (PPHS) will be increased by 800 units in the next two years.
\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 stated Lee.
\n\u201cFlat buyers who face delays that exceed their Delivery Possession Date (DPD) will be compensated at the amount and for the period as set out in the COVID-19 (Temporary Measures) Act (COTMA), which applies to all developers.\u201d
\nHDB will also consider waiving flat booking forfeitures as well as the one-year wait-out period based on the circumstances of flat buyers, such as those who opt to cancel their BTO flats due to delays and purchase a resale flat \u201cto meet their urgent housing needs\u201d.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Average wait times for BTO projects remains at four to five years, says Desmond Lee<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The total waiting time for BTO projects is still under six years, with\u00a0BTO projects launched...<\/p>\n","protected":false},"author":1,"featured_media":122414,"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-122413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/HOUGANG-CITRINE-BTO-AUGUST-2021.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vQp","jetpack-related-posts":[{"id":118339,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/89-ongoing-bto-projects-have-received-bcas-approval-to-resume-works-desmond-lee\/","url_meta":{"origin":122413,"position":0},"title":"89 ongoing BTO projects have received BCA's approval to resume works: Desmond Lee","date":"August 24, 2020","format":false,"excerpt":"\r Lee also reassured homeowners that HDB will \u201ccontinue to do their best to minimise these delays for all other BTO projects, while working with contractors to ensure COVID-safe compliance\u201d. Photo: HDB The Building and Construction Authority (BCA) has approved 89 ongoing Build-to-Order (BTO) projects to resume works, including\u00a0Senja Valley\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132642,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/government-ramps-up-supply-of-private-homes-hdb-to-offer-more-bto-flats-with-shorter-wait-times-and-more\/","url_meta":{"origin":122413,"position":1},"title":"Government ramps up supply of private homes, HDB to offer more BTO flats with shorter wait times, and more","date":"December 12, 2022","format":false,"excerpt":"\r Government ramps up supply of private homes, HDB to offer more BTO flats with shorter wait times, and more6th December to 12th\u00a0December 2022 The Government has ramped up the private housing land supply on the Confirmed List under its Government Land Sales (GLS) Programme to 4,090 units for the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/12\/private-homes-singapore.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":122413,"position":2},"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":121092,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-launch-over-17000-bto-flats-next-near-says-desmond-lee\/","url_meta":{"origin":122413,"position":3},"title":"HDB to launch over 17,000 BTO flats next near, says Desmond Lee","date":"July 27, 2021","format":false,"excerpt":"\r HDB to launch over 17,000 BTO flats next near, says Desmond LeeDespite construction delays brought on by the COVID-19 pandemic, HDB is set to launch at least 17,000 BTO flats in 2022. The Housing and Development Board (HDB) is set to launch over 17,000 Build-to-Order (BTO) flats in 2022,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/feb-2021-bto-bidadari.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":120548,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/most-bto-projects-delayed-by-six-to-12-months-says-mnd\/","url_meta":{"origin":122413,"position":4},"title":"Most BTO projects delayed by six to 12 months, says MND","date":"July 7, 2021","format":false,"excerpt":"\r Most 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 With the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/construction-image-crane.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121069,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/number-of-new-bto-projects-in-mature-estates-increased-by-almost-50-says-hdb\/","url_meta":{"origin":122413,"position":5},"title":"Number of new BTO projects in mature estates increased by almost 50%, says HDB","date":"July 26, 2021","format":false,"excerpt":"\r In the last four years, almost 25,600 BTO flats were offered within older residential areas such as Queenstown, Bukit Merah, Tampines, Toa Payoh, Ang Mo Kio, Bishan and Clementi. The Housing and Development Board on Sunday (25 July) said the number of new Build-to-Order (BTO) projects in mature estates\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/BTO-FLAT-hdb.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122413"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=122413"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/122414"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}