SINGAPORE — The Housing and Development Board (HDB) will reimburse an estimated S$5.1 million to nearly 900 buyers of a Punggol Build-to-Order (BTO) project after its completion was pushed back by more than a year, HDB said on Saturday (March 4).
Launched in February 2017, Waterway Sunrise II was originally slated for completion by mid-2021 with a Delivery Possession Date slated between March and June 2022.
Waterway Sunrise II is among the ongoing BTO projects that suffered the most delays during the pandemic and is one of two BTO projects, alongside Anchorvale Village in Sengkang, where the total delays have exceeded one year. The flat buyers will receive the reimbursement within two months after completing the flat purchase and accepting the settlement agreement, it added.
But to minimise inconvenience to flat buyers, HDB will be offering to pay all flat buyers of Waterway Sunrise II"the maximum reimbursement sum that they would be eligible for, without them having to submit any claims/proof of the expenses".The estimated reimbursement amount for the affected flat buyers of all seven blocks ranges from S$1,000 to S$10,500, it said, adding that the average reimbursement sum would be S$5,750.
Final checks on the remaining two blocks are ongoing, said the Housing Board, adding that buyers can expect to receive the keys to their flat by end of this month.
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