1,142 Punggol flats for sale at Punggol Spectra

As published in The Straits Times online
31 Aug 09 (Monday)

HDB is putting on sale 1,142 units of flats at Punggol Spectra under the Build-To-Order (BTO) system today, following strong interest in the recent BTO project, Punggol Residences. --PHOTO: HDB
HDB is putting on sale 1,142 units of flats at Punggol Spectra under the Build-To-Order (BTO) system today, following strong interest in the recent BTO project, Punggol Residences.

The flats comprise 301 two-room units, 285 three-room units and 556 four-roomers.

The prices range from $89,000 to $109,000 for the two-room flats, $151,000 to $179,000 for the three-room flats and $234,000 to $293,000 for the four-room flats.

These are priced below similar flats in the market and are affordable to first-time flat buyers, said HDB in a statement on Monday.

Situated along Punggol Central, Punggol Spectra is within walking distance to Oasis LRT station.

The Tampines Expressway is a short drive away, thus offering good connectivity to the rest of Singapore.

The precinct offers commercial facilities such as shops, eating house and supermarket. The future Punggol Town Centre is just minutes away. Educational institutions such as Horizon Primary School and Punggol Secondary School are also located in the vicinity.

HDB said based on the income of flat applicants in the first half of this year, it is expected that first time flat buyers will only need to use between 20 to 26 per cent of their monthly household income to meet their housing loan commitments if they buy a flat at Punggol Spectra.

'This is well below the 30 per centinternational benchmark for affordable housing,' it said.

On top of a 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.

Including this exercise, HDB has offered about 4,800 flats under BTO and other sales exercises this year.

Flat buyers can look forward to more BTO projects ahead, said the board. These projects will be located in towns such as Punggol, Sengkang, and Sembawang.

More details will be provided when the projects are launched.

The total BTO supply for this year is expected to reach 8,000 units.

'HDB will continue to monitor the market situation closely, to ensure that there is adequate and affordable supply of public housing,' said the statement.

Applications for the BTO can be submitted online from Monday to Sept 14.

For enquiries, the public can e-mail hdbsales@hdb.gov.sg or call the Sales/Resale Customer Service Line at 1800-866 3066 on weekdays from 8 am to 5 pm.

They can also visit the HDB Sales Office to speak with Customer Service Officers during office hours (Mon to Fri 8 am to 5 pm, Saturday 8 am to 1 pm).

Punggol Spectra

PUNGGOL SPECTRA
A PROJECT UNDER BUILT-TO-ORDER 2009
CONTRACT : PUNGGOL EAST PE C30
COMPRISING : 301 UNITS of 2-ROOM FLATS, 285 UNITS of 3-Room FLATS & 556 UNITS of 4-ROOM FLATS

At Punggol Spectra, you will find a home that amply fuses contemporary style with convenient living.

Situated along Punggol Central, it puts you close to Oasis LRT Station and within easy access to major expressways. Right within the development are shops, an eating house and a supermarket to serve your everyday needs. And for outdoor fun and recreation, you have a landscaped deck at your doorstep, a common green next door, and all the enjoyments of the upcoming Punggol Waterway and Punggol Promenade to relish.

Distribution of Flats

Housing Development (Contract)	Flat Type	Floor Area (sqm)	Internal Floor Area (sqm)	No. of units	Indicative Price Range ($)
Punggol Spectra (Punggol East PE C30) Standard Flats	2-room	46 - 47	45	301	$89,000 - $109,000
	3-room	69	67	285	$151,000 - $179,000
	4-room	94 - 96	92 - 94	556	$234,000 - $293,000

Note:
1) Floor area refers to the estimated area of the whole apartment, inclusive of the area of the air-conditioner ledge (where applicable).
2) Internal floor area refers to the estimated area of the apartment computed based on the centre line of the apartment wall.
3) The indicative prices do not include the cost of optional components.


More information can be found on HDB's website.

Click through to read more about Punggol Spectra:

▪ Online Brochure
▪ General Information
▪ Layout and Floor Plans
▪ Map
▪ Perspective
▪ Steps to Apply
▪ Application Page

The application period for this BTO exercise is from 31 Aug 09 to 14 Sep 09.

Households interested in buying a flat in buying a flat in Punggol Spectra can submit their application online at HDB’s InfoWEB between 31 Aug 2009 (Mon) and 14 Sep 2009 (Mon). The administrative fee of $10 is payable by cashcard or credit card (Master Card / Visa). Those without Internet access can visit HDB Hub or any of HDB’s Branch Offices to submit their application via the e-Stations or Internet PCs that are available for use.

Each household can submit only one application and must indicate the flat type (i.e. 2-room or 3-room) that they are applying for.


BTO Exhibition now on till 14 Sep 2009
Habitat Forum, BizFour, 3rd Storey, HDB Hub

Opening Hours:
• Mon to Fri - 8am to 5pm
• Sat - 8am to 1pm
• Sun & Public Holidays - Closed

Punggol Spectra launches today!

HDB's latest Build-To-Order Project, Punggol Spectra is now launched!

Located along Punggol Central, Punggol Spectra puts you close to the Oasis LRT Station and within easy access to major expressways like the TPE and KPE. Serving your everyday needs are shops, an eating house and a supermarket, all right within the development. For outdoor fun, you have a landscaped deck at your doorstep, a common green next door, and all the enjoyments of the upcoming Punggol Waterway and Punggol Promenade to relish.

Apply online for one of these stylish Standard flats today! Prices start from $89,000 for a 2-room flat, $151,000 for a 3-room flat and $234,000 for a 4-room flat.

Applications close 14 Sep 2009.

Visit our Build-To-Order exhibition at Habitat Forum, BizFour 3rd Storey, HDB Hub, Toa Payoh.

Check out details and APPLY ONLINE at http://www.hdb.gov.sg/esales

Punggol 21 CC Youth Club AGM cum Movie Screening (05 Sep 09)

Organised by Punggol 21 CC Youth Club

Date: 05 Sep 2009 (Sat)
Time: 5:30pm - 9:30pm
Location: Cathay Cinema at Downtown East, Level 3, Hall 4


Passion Card Member: $5.00

Non Passion Card Member:
$13.00 (12 to 18 years old)
$15.00 (19 years and above)
*with 3 years free Passion Card subscription

Price includes Popcorn and a drink.

Tickets for sale at Punggol 21 CC.

Coming Up In Punggol

By early 2011, Punggol residents can look forward to a host of recreational activities along the $16.7 million Punggol Promenade. The 4.9km promenade will link two activity clusters - Punggol Point and Punggol East. It is part of a 150km route that will allow residents to walk, cycle or jog around the whole island eventually.

Click to enlarge pic.

Safra Clubhouse in Punggol

As published in Channel News Asia
27 Aug 09 (Thursday)

Releasing its recommendations at a news conference Thursday, the committee chaired by Minister of State for Defence Associate Prof Koo Tsai Kee also listed proposals such as enhanced fitness corners in housing estates for the Individual Physical Proficiency Test (IPPT), a new SAFRA clubhouse in Punggol, and a HomeTeam NS clubhouse in the eastern part of Singapore.

Click here for the full online report.

HDB Resale Transactions - Aug 09

HDB Resale Transactions - Aug 09

Punggol Vision A Step Closer

As published in The Straits Times
15 Aug 09 (Saturday)

By Jessica Cheam

It has so far offered about 6,500 new flats in Punggol since it unveiled grand plans for the former fishing village to become the only waterfront public housing project in August 2007. -- PHOTO: NP

THE date is March 2011. From an elevated viewing platform at Punggol Point, residents are looking out onto tranquil waters, and strolling along a sandy beach while enjoying the sea breeze.

Along a 4.9 kilometre promenade which begins here, they can also access playgrounds, fitness corners, fishing spots and even a horse riding school, flanked by eateries on this route which are set alight when the sun sets.

This $16.7 million Punggol Promenade - part of the grand vision to transform the former backwater village into Singapore's iconic suburban waterfront town - took a step closer to reality yesterday as construction began.

With this ground-breaking, 'we are one step closer to realising the vision of Punggol as a beautiful waterfront town with an array of leisure opportunities,' said Deputy Prime Minister Prime Minister Teo Chee Hean yesterday at the ceremony. 'We're all very excited by... the developments.'

He noted that fresh plans for the walkway, released by the Urban Redevelopment Authority yesterday, had integrated feedback from residents such as including fitness corners along the route.

This walkway is part of a 150km 'round-island route' which will allow users walk, cycle, or jog around the whole island eventually - connecting Singaporeans 'not only psychologically, but physically', added Mr Teo.

He was accompanied by National Development Minister Mah Bow Tan, north-east district mayor Teo Ser Luck, and MPs from Pasir Ris-Punggol GRC at the ceremony.

Developments in Punggol have accelerated in the last two years since Prime Minister Lee Hsien Loong offered a new vision for it - called Punggol 21-plus - in his 2007 National Day Rally speech.

It has not always been smooth sailing for Punggol, which more than 10 years ago had a population of only 500. The vision for its transformation began as early as 1996, when it was announced by then-prime minister Goh Chok Tong.

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.

HDB to launch another BTO project in Punggol this month

As published in ChannelNewsAsia
12 Aug 09 (Wednesday)

SINGAPORE : The Housing and Development Board (HDB) said it will launch another build-to-order (BTO) project in Punggol this month.

This announcement came after its latest BTO project in Punggol received good response from flat buyers.

HDB said as at 2pm Wednesday, the Punggol Residences project saw 5,147 applications for the 769 units available. This translates to a subscription rate of 6.7 times.

HDB said the strong interest shows that homebuyers recognise the project offers good value for money.

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

Application for Punggol Residences, launched on July 30, closes at 12 midnight on August 12.

HDB said the continued launch of new BTO projects in Punggol will further contribute towards realising the vision of Punggol as a waterfront town.

To date, HDB has launched 2,800 flats under the BTO system. Given the strong demand, HDB will step up its supply of flats under BTO to 8,000 units or more. - CNA /ls

HDB Resale Statistics - 2nd Quarter 2009

Statistics for Punggol Resale Cases Registered
(2nd Quarter 2009)

Median Resale Prices
4 rooms - $334,500
5 rooms - $388,000
Executive - $460,000

Median Cash-Over-Valuation
4 rooms - $0
5 rooms - $0
Executive - $0


All statistics are gathered from HDB infoweb.