Buyers of flats at five Build-To-Order (BTO) projects that had already been delayed because of Covid-19 are now facing a longer wait as the main contractors have hit financial difficulties.
In a statement on Thursday (Aug 26), the Housing and Development Board (HDB) said that the two contractors, Greatearth Corporation and Greatearth Construction, told the statutory board last week that they are no longer able to continue work on the projects.
The firms could not only miss out on the contracting fees owed them by Greatearth but they are now locked out of sites.
The affected projects are Senja Ridges and Senja Heights in Bukit Panjang, Sky Vista @ Bukit Batok, Marsiling Grove in Marsiling and West Coast Parkview (SERS), This site apparently acts as one of the Selective En bloc Redevelopment Scheme (SERS) replacement sites for residents in Blocks 513 to 520 West Coast Road. There are a total of 2,982 units in the five projects.
The 230-units Senja Ridges in Bukit Panjang was to be completed in the fourth quarter of this year, while the 552-units Senja Heights was due to be completed in the first quarter of next year.
The 257 units Sky Vista @ Bukit Batok was to be completed in the third quarter of next year, the 1,246 units Marsiling Grove in Woodlands in the fourth quarter of next year, and the 697 units West Coast Parkview in the second quarter of 2023.
Covid-19 restrictions have resulted in most of HDB’s residential projects being delayed by about six to 12 months. However, HDB added that it would work to bring the new contractors on board as soon as possible, in order to minimise delays “while ensuring that safety and quality are not compromised”.