I'd rather get my flat earlier than compensation, says resident affected by delayed Punggol BTO project

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I'd rather get my flat earlier than compensation, says resident affected by delayed Punggol BTO project
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When Joe Chung got married in 2021, he and his wife were looking forward to moving into a Built-To-Order (BTO) flat in Punggol. However, their plans were disrupted by the onset of Covid-19 — which also caused an unexpected delay in the collection of keys for their 4-room unit in Waterway Sunrise II. The 35-year-old, who works in the banking...

The completion of Waterway Sunrise II was delayed by more than a year, causing disruptions to the life plans of several buyers.When Joe Chung got married in 2021, he and his wife were looking forward to moving into a Built-To-Order flat in Punggol.

The frustrated newly-weds then decided to "maintain a boyfriend-girlfriend" arrangement in view of the circumstances.Thankfully, both of their parents live near each other in Serangoon Gardens. The estimated reimbursement amount for the affected flat buyers ranges from between $1,000 and $10,500, and the average reimbursement sum would be $5,750.

"[The money] does help but if you asked me whether I would choose the compensation or the delay, I would prefer to get my flat," he said.Since December 2022, all seven blocks of the Waterway Sunrise II BTO project have been completed.The remaining buyers can expect to receive their keys by end-March.

Lee also shared that HDB delivered 200,000 keys to buyers, and is looking to deliver another 200,000 keys this year, "barring unforeseen circumstances", which includes the delivery of 8,000 keys by the end of March.

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