The total amount of BTO flats completed in the first half of 2022 was a 15 % increase from the 6, 275 flats designed in the same period this past year.
HDB said it was furthermore almost three times the two, 485 flats designed in the first half of 2020. Construction work has been halted in 04 and May 2020 because Singapore underwent the COVID-19 “circuit breaker”.
The Housing Board said the progress in the very first half of 2022 comes “on the back of the steady recovery” in the construction industry considering that early this year.
This was due to the improving COVID-19 and migrant manpower situation, along with the “strong assistance and support given to the particular industry”, added HDB.
WAITING TIME
The waiting time for the 6 BTO projects designed in the first six months of the year ranged from 3 or more. 9 years in order to 5. 3 years, taking into account the delays brought on by the pandemic. The median waiting period was 4. one years.
“It will take another two to three years to complete all of the ongoing BTO projects which had been affected by the pandemic, ” said HDB.
“While the gaps caused by COVID-19 cannot be fully recovered HDB and our partners will continue to work on decreasing some of the delays, and where possible, providing flats ahead of their revised probable finalization dates. ”
There are currently regarding 100 HDB tasks under construction. This particular excludes projects offered during the February and May sales exercises, as those have not started construction.
The estimated waiting times for these ongoing projects range from two years to 5. 4 yrs, with a median waiting around time of about four. 3 years, said the particular agency.
The agency said it has been working closely along with contractors and companions to put in place actions to reduce construction delays.
This includes helping contractors prioritise work areas, secure manpower and material supply, and getting waivers available noisy construction routines to be carried out over the weekends where achievable.
“HDB implemented an extensive suite of assistance measures for the contractors to help ease their financial stress brought about by the pandemic-induced spikes in design costs, including each manpower and non-manpower costs, ” it added.
“We also extended the time of protection towards steel price variances and have been providing our contractors with increased concreting materials, with protected prices, just for local precast creation and cast-in-situ procedures. ”