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HDB to launch another BTO project in Punggol

As published in the Today paper
13 Aug 09 (Thursday)

DEMAND for new public housing in Punggol has been high for a couple of years now. But with oversubscription rocketing for the latest build-to-order (BTO) project in the estate, the Housing and Development Board is launching another development in the space of a month.

This was announced yesterday as the application period for the 769-unit Punggol Residences, launched two weeks ago, closed with more than 5,100 applications.

The subscription rate of 6.7 is more than twice the ratio of applications to flats for recent BTO launches, such as that for Punggol Sapphire and Punggol Arcadia last year, which had about three times as many subscribers as available flats.

"The strong interest shows that homebuyers recognise that HDB's latest project offers good value for money," HDB said in a statement.

A four-room flat at Punggol Residences costs between $264,000 and $322,000, while a five-room flat is priced between $344,000 and $409,000.

HDB noted that "the consistently high subscription rates for BTO projects in Punggol Town is testament that the town has become a much sought after place to live in" - and the reason for its plans for another launch.

The continued launch of these BTO projects will "further contribute toward realising the vision of Punggol as a waterfront town", it added.

So far this year, HDB has launched 2,800 flats under the BTO system. It reiterated yesterday it will increase this to 8,000 units or more, given the strong demand.


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Punggol Plaza

168 Punggol Field #02-08A Singapore 820168
Tel: 6343-8293

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Free Punggol Plaza Shuttle Bus Service

Route 1: Punggol Plaza → Punggol MRT
Operating Hours: Daily (0650-2200)
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Frequency: 20 min(Between 2120-2200)

Related Posts:
Punggol Plaza - Shuttle Bus Schedule
Punggol Plaza - Tenants List

Shuttle Bus - Punggol Mrt / Punggol Plaza

Punggol BTO Project Details

BTO ProjectBlock No.Release DateCompletion DateNo. of UnitsInitial Launch PriceEdgedale Green632A-C, 633A-B, 635A-C, 636A-BDec 2002Dec 2006582$141,000 - $170,000Periwinkle195A-EDec 2002Dec 2006450$152,000 - $183,000Sundial167A-D, 168A-D, 169A-DSep 2003Sep 2007425$138,000 - $178,000Punggol Anthias
(cancelled)612A-D, 613A-DDec 2004-134$101,000 - $185,000Coralinus 1301A-C, 303A-CJun 2005Jun 2009369$169,000 - $206,000Coralinus 2301D, 303D, 302A-DFeb 2006Feb 2010365$182,000 - $220,000Treelodge305A-D, 306A-DMar 2007Mar 201198$139,000 - $383,000Punggol Vista601A-D, 602A-CAug 2007Aug 2011105$75,000 - $227,000Punggol Lodge603A-D, 604A-COct 2007Oct 201152$122,000 - $234,000Damai Grove
(Punggol Anthias)612A-D, 613A-DDec 2007Dec 201162$123,000 - $240,000Punggol Spring614A-B, 615A-CFeb 2008Feb 2012476$204,000 - $259,000