Waterway Sunrise II in Punggol is now completely completed and was supposed to be delivered to buyers between March and June 2022. However, delays have kept buyers waiting for more than a year before it was finally completed.

The Waterway Sunrise II project consists of seven towers with a total of 1014 units. Almost five buildings, or nearly 58% of the buyers, have now finally received the keys to their new homes. By the end of March, residents of the remaining two blocks are expected to receive their keys as well.

The delay in delivery affected a total of 896 buyers and HDB paid out a total of S$5,156,700 in compensation. Each household received between S$1,000 and S$10,500, with an average of S$5,750 per household.

The amount of compensation received varies depending on the date each household signed the sale and purchase agreement and the sale price of the ancestral home, with the longer the extension period after signing the agreement, the more compensation will be paid.

The Waterway Sunrise II HDB project was one of the longest delayed ancestral home projects during the New Crown epidemic. Apart from this project in Punggol, there is also the prepaid ancestral home at Anchorvale Village in Sengkang which has been delayed for over a year and is expected to be completed between May and July this year.

The HDB will also compensate buyers for this delayed project in Sengkang. Those who get the keys in May 2023 will receive between S$2270 and S$4240 and those who get the keys in July will receive between S$3400 and S$6360.

With the rapid improvement in the epidemic situation this year, HDB is planning to deliver a total of 22 HDB projects with around 20,000 housing units this year.

The construction of Waterway Sunrise II was severely affected by the financial crisis that Lian Ho Lee Construction, the original contractor, encountered during the epidemic and had to suspend work in 2020.

During the epidemic, many contractors were affected by labour shortages and disruptions in the supply chain of materials, which led to delays in the delivery of ancestral homes. The Construction Authority has also stated that they have been working with multiple contractors in case they are affected by these factors.

Following the delay in the construction of Waterway Sunrise II, the HDB Board quickly found a new contractor, Expand Construction, who was almost 45% complete when the new contractor joined the project.

The Board provided the new contractor with additional help and assistance measures to ensure that the project was completed on schedule with the restart of work.