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Punggol Residences launching today

As published in AsiaOne Business Online
30 Jul 09 (Thursday)

Punggol Residences launching today

HDB is launching Punggol Residences under the Build-To-Order (BTO) system today.

Punggol Residences is offering a total of 769 flats. The flat supply comprises 615 units of four room flats and 154 units of five room flats.

Situated at the junction of Punggol Walk and Punggol Fields Road, Punggol Residences is located within the future Punggol Town Centre. It is a five minute walk from Punggol MRT/LRT and the bus interchange while the Tampines Expressway is a short drive away.

Schools nearby include Edgefield Primary School and Punggol Secondary School.

Punggol Residences has enhanced architectural designs, improved facades and better landscaping.

The flats come with full finishes such as timber strip flooring for the bedrooms, ceramic floor tiles for the living and dining area, matching wall/floor tiles in the kitchen and bathrooms, as well as quality sanitary ware.

Punggol Residences will cater to buyers with the budget and preference for flats of better design and finishings.

The prices of Punggol Residences range from $264,000 to $322,000 for the 4-room flats, and from $344,000 to $409,000 for the 5-room flats. These prices are below those of similar flats in the market and are affordable to first-time flat buyers.

Including this contract, HDB has offered about 6,500 new flats in Punggol since the unveiling of the Remaking Our Heartlands (ROH) plans for Punggol in Aug 2007.

The selling prices are generally comparable to Punggol Regalia, a similar Premium BTO project next to Punggol Residences that was launched in Dec 2008.

The pricing reflects the current stabilised resale market condition, the equally prime locations of both projects and the comparable attributes of the flats offered.

More help to buy first home

On top of the market subsidy on the selling price, eligible first-timers whose average monthly household income is $5,000 or less can also apply for an Additional CPF Housing Grant (AHG) of up to $40,000.

The AHG can be used to offset the initial downpayment.

Application Procedures and Enquiries

Applications for the new flats can be submitted online from 30 Jul 2009 (Thurs) to 12 Aug 2009 (Wed).

For enquiries, the public can:

Call the Sales/Resale Customer Service Line at 1800-866 3066 on Mon to Fri from 8 am to 5 pm;
Visit the HDB Sales Office to speak with our Customer Service Officers during office hours (Mon to Fri, 8am to 5pm; Saturday 8am to 1pm).


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