Sunday, March 29, 2009
Friday, March 27, 2009
HDB launches new batch of flats in Punggol
As published in The Straits Times
27 Mar 09 (Friday)
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Must Read:
▪ Punggol Nautilus
▪ Punggol Nautilus - Advert
How to Apply:
▪ Application Process for BTO Projects
Related reports:
▪ Cheaper Punggol Flats
Related posts:
▪ What is Build-To-Order (BTO)
▪ Damai Grove (Punggol Anthias)
▪ Punggol Arcadia
▪ Punggol Breeze
▪ Punggol Lodge
▪ Punggol Regalia
▪ Punggol Sapphire
▪ Punggol Spring
▪ Punggol Vista
▪ Treelodge
27 Mar 09 (Friday)
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Must Read:▪ Punggol Nautilus
▪ Punggol Nautilus - Advert
How to Apply:
▪ Application Process for BTO Projects
Related reports:
▪ Cheaper Punggol Flats
Related posts:
▪ What is Build-To-Order (BTO)
▪ Damai Grove (Punggol Anthias)
▪ Punggol Arcadia
▪ Punggol Breeze
▪ Punggol Lodge
▪ Punggol Regalia
▪ Punggol Sapphire
▪ Punggol Spring
▪ Punggol Vista
▪ Treelodge
The Nautilus - Advertisement
As published in The Straits Times
27 Mar 09 (Friday)
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Must Read:
▪ Punggol Nautilus
How to Apply:
▪ Application Process for BTO Projects
Related reports:
▪ Cheaper Punggol Flats
Related posts:
▪ What is Build-To-Order (BTO)
▪ Damai Grove (Punggol Anthias)
▪ Punggol Arcadia
▪ Punggol Breeze
▪ Punggol Lodge
▪ Punggol Regalia
▪ Punggol Sapphire
▪ Punggol Spring
▪ Punggol Vista
▪ Treelodge
27 Mar 09 (Friday)
.jpg)
Must Read:▪ Punggol Nautilus
How to Apply:
▪ Application Process for BTO Projects
Related reports:
▪ Cheaper Punggol Flats
Related posts:
▪ What is Build-To-Order (BTO)
▪ Damai Grove (Punggol Anthias)
▪ Punggol Arcadia
▪ Punggol Breeze
▪ Punggol Lodge
▪ Punggol Regalia
▪ Punggol Sapphire
▪ Punggol Spring
▪ Punggol Vista
▪ Treelodge
The Nautilus
THE NAUTILUS @ PUNGGOL
A PROJECT UNDER BUILT-TO-ORDER 2009
CONTRACT : PUNGGOL EAST C24A
COMPRISING : 413 UNITS of 4-ROOM FLATS & 106 UNITS of 5-ROOM FLATS
A PROJECT UNDER BUILT-TO-ORDER 2009
CONTRACT : PUNGGOL EAST C24A
COMPRISING : 413 UNITS of 4-ROOM FLATS & 106 UNITS of 5-ROOM FLATS
The Nautilus @ Punggol is a Standard contract offering a total of 519 flats. 
The flat supply comprises 413 units of 4-room flats and 106 units of 5-room flats.
Situated at the junction of Punggol East and Punggol Field (322KB), The Nautilus @ Punggol is conveniently served by two LRT stations, the Riviera and Coral Edge. Located next to the precinct is Punggol Plaza, where a mix of a supermarket, food court and other commercial shops cater to the daily needs of residents. Various educational institutions such as Mee Toh School, Greendale Primary School and Greendale Secondary School are also located nearby. Tampines Expressway is just a short drive away.
The flat supply comprises 413 units of 4-room flats and 106 units of 5-room flats.Situated at the junction of Punggol East and Punggol Field (322KB), The Nautilus @ Punggol is conveniently served by two LRT stations, the Riviera and Coral Edge. Located next to the precinct is Punggol Plaza, where a mix of a supermarket, food court and other commercial shops cater to the daily needs of residents. Various educational institutions such as Mee Toh School, Greendale Primary School and Greendale Secondary School are also located nearby. Tampines Expressway is just a short drive away.
Distribution of Flats
| Housing Development (Contract) | Flat Type | Floor Area (sqm) | Internal Floor Area (sqm) | No. of units | Indicative Price Range ($) |
| The Nautilus (Punggol East C24A) Standard Flats | 4-room | 92 - 93 | 90 | 413 | $228,000 - $274,000 |
5-room | 112 - 113 | 110 | 106 | $305,000 - $357,000 |
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 The Nautilus:
▪ Online Brochure
▪ General Information
▪ Layout and Floor Plans
▪ Map
▪ Perspective
▪ Application Page
The application period for this BTO exercise is from 26 Mar 09 to 08 Apr 09.
Households interested in buying a flat in buying a flat in The Nautilus @ Punggol can submit their application online at HDB’s InfoWEB between 26 Mar 2009 (Thurs) and 8 Apr 2009 (Wed). 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. 4-room or 5-room) that they are applying for.
BTO Exhibition now on till 8 Apr 2009
Habitat Forum, BizFour, 3rd Storey, HDB Hub
Opening Hours:
• Mon to Fri - 8am to 5pm
• Sat - 8am to 1pm
• Sun & Public Holidays - Closed
Thursday, March 26, 2009
Cheaper Punggol Flats
As published in The Straits Times
26 Mar 09 (Thursday)
By Jessica Cheam
THE Housing Board (HDB) put on sale its first batch of new Punggol flats on Thursday.
Prices this time are 10 to 16 per cent cheaper than the last launch of Punggol Regalia in December, primarily due to location and design features.
The flats are slightly smaller and is 'further from the town centre and main transportation nodes', said HDB in a statement.
The 519 four- and five-room units offered at The Nautilus @ Punggol is a standard project - essentially new flats with minimal frills and basic features.
On offer are 413 four-roomers of 90 sq m going at $228,000 to $274,000; while 106 five-roomers of 110 sq m are on sale at $305,000 to $357,000.
The Nautilus - eights blocks of 18 storeys- is located further away from the Punggol town centre, on the eastern side, and is served by two LRT stations, the Riviera and Coral Edge.
In contrast, Punggol Regalia, which is located at a prime spot next to Punggol MRT, was a premium project priced at $252,000 to $316,000 for a four-room, and $342,000 to $428,000 for a five-room.
Premium flats come with enhanced architectural designs and better internal finishes.
The Nautilus is built under HDB's build-to-order scheme, in which flats are built only if a certain demand is reached.
HDB has said it plans to launch about 3,000 BTO flats in the first half of this year, 1,400 of which will be small flat types from studio apartments to three-roomers.
26 Mar 09 (Thursday)
By Jessica Cheam
THE Housing Board (HDB) put on sale its first batch of new Punggol flats on Thursday.
Prices this time are 10 to 16 per cent cheaper than the last launch of Punggol Regalia in December, primarily due to location and design features.
The flats are slightly smaller and is 'further from the town centre and main transportation nodes', said HDB in a statement.
The 519 four- and five-room units offered at The Nautilus @ Punggol is a standard project - essentially new flats with minimal frills and basic features.
On offer are 413 four-roomers of 90 sq m going at $228,000 to $274,000; while 106 five-roomers of 110 sq m are on sale at $305,000 to $357,000.
The Nautilus - eights blocks of 18 storeys- is located further away from the Punggol town centre, on the eastern side, and is served by two LRT stations, the Riviera and Coral Edge.
In contrast, Punggol Regalia, which is located at a prime spot next to Punggol MRT, was a premium project priced at $252,000 to $316,000 for a four-room, and $342,000 to $428,000 for a five-room.
Premium flats come with enhanced architectural designs and better internal finishes.
The Nautilus is built under HDB's build-to-order scheme, in which flats are built only if a certain demand is reached.
HDB has said it plans to launch about 3,000 BTO flats in the first half of this year, 1,400 of which will be small flat types from studio apartments to three-roomers.
Must Read:
▪ Punggol Nautilus
How to Apply:
▪ Application Process for BTO Projects
Related reports:
▪ HDB launches latest BTO project in Punggol
Related posts:
▪ What is Build-To-Order (BTO)
▪ Damai Grove (Punggol Anthias)
▪ Punggol Arcadia
▪ Punggol Breeze
▪ Punggol Lodge
▪ Punggol Regalia
▪ Punggol Sapphire
▪ Punggol Spring
▪ Punggol Vista
▪ Treelodge
HDB launches latest BTO project in Punggol
As published in Channel News Asia
26 Mar 09 (Thursday)
By S Ramesh
The Nautilus@Punggol
26 Mar 09 (Thursday)
By S Ramesh
The Nautilus@Punggol
SINGAPORE: The Nautilus@Punggol is the Housing and Development Board's (HDB) latest Build-To-Order (BTO) project and the first in that area.
Prices for its 4- and 5-room units are about 20 to 30 per cent lower than the resale flats in that vicinity, signalling generous subsidies for these new flats.
The Nautilus@Punggol will have eight blocks comprising some 520 flats. Of these, nearly 80 per cent are 4-room flats and the rest are 5-room apartments.
HDB said the prices of the new flats are affordable for first-time buyers.
Giving a comparison of resale flats about seven years old in Punggol, HDB said 4-room resale flats are currently going at between S$306,000 and S$350,000, while 4-room flats at The Nautilus will be sold at between S$228,000 and S$274,000.
Likewise, The Nautilus' 5-room flats are priced in the range of S$305,000 to S$357,000 against the resale price range of S$368,000 to S$428,888 for units in the Punggol area.
At such prices, analysts expect strong demand for the project.
Adam Tan, marketing manager, Propnex, said: "It will probably be about three times or more oversubscribed because they are releasing a rather small number of units for this project. Punggol is an up-and-coming estate. It's no longer a backwater estate – it's coming into its own."
HDB added that besides enjoying a generous market subsidy, eligible first-time buyers whose average monthly household income is S$5,000 or less can also qualify for an additional CPF Housing Grant of up to S$40,000.
This grant can be used to offset the initial downpayment.
HDB also said that based on the income of flat applicants in the fourth quarter of last year, an applicant for The Nautilus@Punggol whose income is at the median level will not need to fork out cash to meet their monthly housing commitments which would be fully covered by their monthly CPF contributions.
The Nautilus@Punggol is part of HDB's programme to remake the heartlands. For the whole of this year, HDB is planning about six BTO projects in Punggol, building some 3,000 new flats in that area.
Applications for The Nautilus@Punggol flats close on April 8.
- CNA/so
Must Read:
▪ Punggol Nautilus
How to Apply:
▪ Application Process for BTO Projects
Related reports:
▪ Cheaper Punggol Flats
Related posts:
▪ What is Build-To-Order (BTO)
▪ Damai Grove (Punggol Anthias)
▪ Punggol Arcadia
▪ Punggol Breeze
▪ Punggol Lodge
▪ Punggol Regalia
▪ Punggol Sapphire
▪ Punggol Spring
▪ Punggol Vista
▪ Treelodge
Monday, March 23, 2009
Quicker KPE access
As published in The Straits Times
23 Mar 09 (Monday)
By Yeo Ghim Lay
Buangkok East Drive welcomed its first vehicles at 5pm yesterday. The 1.32km-long new link - including this 200m vehicular bridge over the Serangoon River - connects Buangkok Drive to the KPE. -- ST PHOTO: DESMOND LIM
City-bound motorists from Sengkang, Punggol and Hougang can save up to 7 mins
GETTING on the Kallang-Paya Lebar Expressway (KPE) during the morning rush hour will be a zippier affair for residents of Sengkang, Punggol and Hougang, with a new road link opening on Sunday.
The 1.32km-long Buangkok East Drive in Sengkang connects Buangkok Drive to the KPE, and shaves up to seven minutes off the city-bound trip for them.
The road, which includes a 200m vehicular bridge over the Serangoon River, is a shorter route to the expressway than the current one, which requires motorists to take a stretch of the Tampines Expressway (TPE).
Buangkok East Drive welcomed its first vehicles at 5pm yesterday, after Defence Minister Teo Chee Hean, who is an MP for Pasir Ris-Punggol GRC, declared it open in front of 1,000 residents.
Its opening will result in two welcome outcomes: One is that it will improve traffic flow on the TPE during peak hours and ease the congestion for TPE users from Punggol and Pasir Ris.
The other is that it will encourage motorists to make fuller use of the KPE, which is still operating at under capacity since its opening six months ago.
It can take 6,000 vehicles per hour on each carriageway, but only 2,900 city-bound vehicles are on it during the morning peak hour now, even though this number is already an increase from 2,600 last November.
More vehicles use the east-bound KPE in the evening peak hour - 4,000 - but even this is only two-thirds of the expressway's capacity. This figure is also an increase from last November, when it was only 2,300.
The Land Transport Authority's group director of road projects, Mr Yap Cheng Chwee, said he expected Buangkok East Drive to be 'very well used' during peak hours.
Punggol resident Sonny Tan, 53, who works in Alexandra Road, will get on it this morning. 'The journey to work will be much faster now, and I should be able to save more than a couple of minutes,' said the financial service consultant, who used to take the TPE to reach the KPE.
23 Mar 09 (Monday)
By Yeo Ghim Lay
Buangkok East Drive welcomed its first vehicles at 5pm yesterday. The 1.32km-long new link - including this 200m vehicular bridge over the Serangoon River - connects Buangkok Drive to the KPE. -- ST PHOTO: DESMOND LIMCity-bound motorists from Sengkang, Punggol and Hougang can save up to 7 mins
GETTING on the Kallang-Paya Lebar Expressway (KPE) during the morning rush hour will be a zippier affair for residents of Sengkang, Punggol and Hougang, with a new road link opening on Sunday.
The 1.32km-long Buangkok East Drive in Sengkang connects Buangkok Drive to the KPE, and shaves up to seven minutes off the city-bound trip for them.
The road, which includes a 200m vehicular bridge over the Serangoon River, is a shorter route to the expressway than the current one, which requires motorists to take a stretch of the Tampines Expressway (TPE).
Buangkok East Drive welcomed its first vehicles at 5pm yesterday, after Defence Minister Teo Chee Hean, who is an MP for Pasir Ris-Punggol GRC, declared it open in front of 1,000 residents.
Its opening will result in two welcome outcomes: One is that it will improve traffic flow on the TPE during peak hours and ease the congestion for TPE users from Punggol and Pasir Ris.
The other is that it will encourage motorists to make fuller use of the KPE, which is still operating at under capacity since its opening six months ago.
It can take 6,000 vehicles per hour on each carriageway, but only 2,900 city-bound vehicles are on it during the morning peak hour now, even though this number is already an increase from 2,600 last November.
More vehicles use the east-bound KPE in the evening peak hour - 4,000 - but even this is only two-thirds of the expressway's capacity. This figure is also an increase from last November, when it was only 2,300.
The Land Transport Authority's group director of road projects, Mr Yap Cheng Chwee, said he expected Buangkok East Drive to be 'very well used' during peak hours.
Punggol resident Sonny Tan, 53, who works in Alexandra Road, will get on it this morning. 'The journey to work will be much faster now, and I should be able to save more than a couple of minutes,' said the financial service consultant, who used to take the TPE to reach the KPE.
Sunday, March 22, 2009
Thursday, March 19, 2009
Feedback on Estate Cleanliness
You can call the following Pasir Ris-Punggol Town Council phone numbers for feedback on Estate Cleanliness in Punggol:
6489 0520
1800-2755-555
6489 0520
1800-2755-555
Punggol Residences - New BTO?
Here's a copy of a map extracted from www.map.gov.sg with Punggol Residences (under construction) printed on it.
New BTO project in Punggol? We can only wait and see for now. :)
New BTO project in Punggol? We can only wait and see for now. :)
Tuesday, March 17, 2009
Most Sellable Estates - Mar 09
Most Sellable Estates Based on Overall Volume for March 2009:
1. Woodlands
2. Jurong West
3. Tampines
4. Bedok
5. Yishun
6. Sengkang
7. Ang Mo Kio
8. Bukit Panjang
9. Choa Chu Kang
10. Hougang
11. Pasir Ris
12. Bukit Batok
13. Kallang / Whampoa
14. Jurong East
15. Clementi
16. Queenstown
17. Punggol
18. Bukit Merah
19. Toa Payoh
20. Sembawang
21. Geylang
22. Serangoon
23. Bishan
24. Central
25. Marine Parade
26. Bukit Timah
27. Lim Chu Kang
1. Woodlands
2. Jurong West
3. Tampines
4. Bedok
5. Yishun
6. Sengkang
7. Ang Mo Kio
8. Bukit Panjang
9. Choa Chu Kang
10. Hougang
11. Pasir Ris
12. Bukit Batok
13. Kallang / Whampoa
14. Jurong East
15. Clementi
16. Queenstown
17. Punggol
18. Bukit Merah
19. Toa Payoh
20. Sembawang
21. Geylang
22. Serangoon
23. Bishan
24. Central
25. Marine Parade
26. Bukit Timah
27. Lim Chu Kang
Monday, March 16, 2009
Friday, March 13, 2009
Community Health Screening (14 Mar 09)
Community Health Screening (CHS) is a national health screening programme that is brought to you for the Health Promotion Board and PAP Community Foundation (PCF). CHS are for residents aged 40 years & above who are Singapore citizens or Singapore Permanent Residents.
Date: 14 Mar 09 (Sat)
Time: 7.30am to 10.30am
Location: Blk 102 Punggol Field - Multi Purpose Hall
The screening covers:
• Body Mass Index (BMI)
• Blood Pressure
• Blood Sugar
• Blood Cholesterol
Highly subsidised tickets at $2.00 can be purchased through our grassroots members at the following places:
1. PCF Centres - Blk 105D, 171C & 174D
2. RC Centres - Blk 101C, 114, 176C, 126D, 642D, 163A, 195B, 187
3. Punggol 21 CC - Blk 172C Edgedale Plains, #01-472, Singapore 823172
Date: 14 Mar 09 (Sat)
Time: 7.30am to 10.30am
Location: Blk 102 Punggol Field - Multi Purpose Hall
The screening covers:
• Body Mass Index (BMI)
• Blood Pressure
• Blood Sugar
• Blood Cholesterol
Highly subsidised tickets at $2.00 can be purchased through our grassroots members at the following places:
1. PCF Centres - Blk 105D, 171C & 174D
2. RC Centres - Blk 101C, 114, 176C, 126D, 642D, 163A, 195B, 187
3. Punggol 21 CC - Blk 172C Edgedale Plains, #01-472, Singapore 823172
Wednesday, March 11, 2009
Waterfront Estate Design Contest A Big Draw
As published in The Straits Times
11 Mar 2009 (Wednesday)
By Jessica Cheam
A COMPETITION to design Punggol's first waterfront homes h.jpg)
as attracted a huge response from local and foreign architects.
A technical seminar held yesterday for participating architectural firms drew a turnout of more than 200 people, all keen to have a say in how Singapore's first waterfront public housing estate will take shape.
Architects have to design a masterplan for a 26.6ha housing district west of Punggol's town centre by April 17.
Five shortlisted firms will go on to design a more detailed 4.9ha site along the Punggol Waterway. This phase of the competition closes on Aug 21.
The top design will be announced and exhibited in November, with the winning team contracted to execute its masterplan. The Housing Board plans to offer the waterfront homes by mid-2010.
The winner will be awarded $300,000, which is part of the consultancy fee for the project. Two merit winners will also be chosen and awarded $100,000 each, said the HDB.
Its deputy chief executive of building, Mr Lau Joo Ming, yesterday urged the architects at the seminar to be 'bold...and dare to be different'.
He said the competition is open to anyone, from young upstarts to established local and foreign firms.
The HDB has devised a theme for the estate - Green Living By The Waters - and hopes architects will conjure up fresh ideas and concepts around it.
It also hopes that the winning design will succeed in building up the estate's population to the point where it can support wider recreational and commercial facilities, activating its recreational coastline and enhancing the town's transport routes and connectivity.
Among the local firms at the seminar were DP Architects, RSP Architects, Woha Architects and Surbana International Consultants.
Related Posts:
▪ Punggol Waterfront Housing Design Competition (For Professionals)
▪ Punggol Waterfront Housing Design Competition
▪ Landscape Design Contest for Punggol waterway
▪ Announcing Punggol Waterway Competition Results
▪ Punggol Waterway Winning Design
11 Mar 2009 (Wednesday)
By Jessica Cheam
A COMPETITION to design Punggol's first waterfront homes h
.jpg)
as attracted a huge response from local and foreign architects.A technical seminar held yesterday for participating architectural firms drew a turnout of more than 200 people, all keen to have a say in how Singapore's first waterfront public housing estate will take shape.
Architects have to design a masterplan for a 26.6ha housing district west of Punggol's town centre by April 17.
Five shortlisted firms will go on to design a more detailed 4.9ha site along the Punggol Waterway. This phase of the competition closes on Aug 21.
The top design will be announced and exhibited in November, with the winning team contracted to execute its masterplan. The Housing Board plans to offer the waterfront homes by mid-2010.
The winner will be awarded $300,000, which is part of the consultancy fee for the project. Two merit winners will also be chosen and awarded $100,000 each, said the HDB.
Its deputy chief executive of building, Mr Lau Joo Ming, yesterday urged the architects at the seminar to be 'bold...and dare to be different'.
He said the competition is open to anyone, from young upstarts to established local and foreign firms.
The HDB has devised a theme for the estate - Green Living By The Waters - and hopes architects will conjure up fresh ideas and concepts around it.
It also hopes that the winning design will succeed in building up the estate's population to the point where it can support wider recreational and commercial facilities, activating its recreational coastline and enhancing the town's transport routes and connectivity.
Among the local firms at the seminar were DP Architects, RSP Architects, Woha Architects and Surbana International Consultants.
Related Posts:
▪ Punggol Waterfront Housing Design Competition (For Professionals)
▪ Punggol Waterfront Housing Design Competition
▪ Landscape Design Contest for Punggol waterway
▪ Announcing Punggol Waterway Competition Results
▪ Punggol Waterway Winning Design
Tuesday, March 10, 2009
.jpg){kind=link}
Night Biking & BBQ at Punggol Beach (14 Mar 09)
Join in for a night of fun cycling from Punggol 21 CC to Punggol beach for a sumptuous BBQ supper!
Photo credit: Seema K K from FlickrDate: 14 March 2009 (Saturday)Time: 6pm to 12am
Age: 12 years old and above
Starting / Ending Point: Punggol 21 CC
Resting Point: Punggol Beach
Registration Fee:
Passion Card Members - $5
Non Members - $8
Important Notes:
▪ Food inclusive but do bring more if you want
▪ Do note that there are no toilets at Punggol Beach
▪ Bring your own mat
▪ Bike rental is available at $15 and includes bike, helmet and safety light
▪ All participants are required to wear safety helment
▪ Helmets can be rented at $2 each
To register:
Punggol 21 Community Centre
Blk 172C Edgedale Plains
#01-472 Singapore 873172
Tel: 6312-0508
Operating hours: 2pm to 10.30pm daily (except public holidays)
Saturday, March 07, 2009
Upcoming Punggol prices
Excerpt from Weekend TODAY paper
07-08 Mar 09
Meanwhile, asked if prices of new HDB flats will come down, since those of resale Punggol flats have fallen in recent weeks, Senior Minister of State for National Development Grace Fu said:
"For every project that is launched, we will take the cue from the market. So for every batch that is coming up, if the curent market has adjusted, we will basically adjust the selling price accordingly."
Related Posts:
▪ Punggol resale flats close the price gap
▪ Punggol resale flats prices fall
07-08 Mar 09
Meanwhile, asked if prices of new HDB flats will come down, since those of resale Punggol flats have fallen in recent weeks, Senior Minister of State for National Development Grace Fu said:
"For every project that is launched, we will take the cue from the market. So for every batch that is coming up, if the curent market has adjusted, we will basically adjust the selling price accordingly."
Related Posts:
▪ Punggol resale flats close the price gap
▪ Punggol resale flats prices fall
Remaking Our Heartland
Shaping My Punggol
Remaking Our Heartland Videos
▪ English
▪ Chinese
Online resource: Remaking Our Heartland
Remaking Our Heartland Videos
▪ English
▪ Chinese
Online resource: Remaking Our Heartland
Friday, March 06, 2009
Punggol resale flats close the price gap
As published in The Straits Times
06 Mar 2009 (Friday)
By Jessica Cheam
PRICES of resale HDB flats in Punggol have fallen in recent weeks to the point where they are now around the same level as new ones launched barely two months ago.
Normally new flats are markedly cheaper than resale ones as the Housing Board "deeply discounts" their price to prevailing market values as a form of subsidy to first-time home buyers.
But the worsening recession, fragile job market and weak property sector have closed this "discount gap" to virtually nothing in some cases, making resale homes as attractive as new ones.
This is a reversal of the trend during the pre-crisis property boom which saw first-timers flock to HDB for new flats when they found themselves priced out of the resale market.
Experts also point to weaker demand for premium, five-room flat types, which has led to a drop in prices.
The HDB’s website this week showed that the range of resale prices for such five-roomers in Punggol had dipped, from $375,000 to $462,000 in December to about $350,000 to $440,000 last month.
Out of 36 five-room transactions in February, a majority of 29 were priced below $400,000.
This puts them in a similar price range as new five-roomers launched at Punggol Regalia in December at $342,000 to $428,000, and Punggol Arcadia in November at $356,000 to $416,000.
Even prices at the lower end for Punggol's premium four-roomers have fallen from around $338,000 in December to $306,000 last month.
First-timers eligible for housing grants that may reach as much as $70,000 could now be paying much less for a resale flat than a new one.
This could prompt some cost-conscious buyers in the queue for new flats in Punggol to drop out and buy resale ones, said ERA Asia-Pacific's associate director, Mr Eugene Lim.
Analysts say the dip in prices has come as home buyers are less likely to pay a premium, or cash-over-valuation, for a flat amid a deepening recession where every quarter sees fresh layoffs.
When HDB launched the Punggol flats late last year, the prices were also based on earlier, higher-priced transactions so it was "inevitable" for new and resale flat prices to have some overlap.
A similar scenario was seen in the 1998 Asian financial crisis when new flat prices were "outdated" quickly due to a downturn in the property market, said PropNex chief executive Mohamed Ismail.
One such area was Jurong, where some first-time buyers eventually discovered they paid more for a new flat than for some resale flats, he said.
It is difficult to compare that situation to Punggol now as the latest projects launched have a premium price due to their attractive location near Punggol MRT station and proximity to the town centre.
Punggol also has long-term potential due to plans to transform it into Singapore's first waterfront public housing estate, added Mr Ismail.
Chesterton Suntec International's head of research and consultancy, Mr Colin Tan, pointed out that, unlike private developers, the HDB does not have the luxury of flexibility to adjust prices according to the market immediately.
"Once they’ve launched, the price is fixed. So there’ll always be a lag effect," he said.
One outcome might be that if the projects do not sell out, the HDB will take back surplus flats and relaunch them at a more attractive price later, he said.
Engineer Tang Zhi Wei,who is in the queue to buy a flat at Punggol Regalia, said the prices of resale flats are starting to look very attractive.
"I'd be tempted to drop out and get a resale flat if time was important and I couldn't wait," said Mr Tang, 26.
But while it seems he is no longer getting a "deep discount" for a new flat, he will still buy one as it is "new and the location is good".
The HDB has stated previously that it follows the market and adjusts prices accordingly.
In the aftermath of the Asian financial crisis when the property market suffered a severe downturn, new flats in Sengkang, for example, cost up to 30 per cent lower in 2005 than when they were first offered for sale in 1997 to 1998.
Engineer Tang Zhi Wei, who is in the queue to buy a flat at Punggol Regalia, said the prices of resale flats are starting to look very attractive. "I'd be tempted to drop out and get a resale flat if time was important and I couldn't wait."
Related Posts:
▪ Upcoming Punggol prices
▪ Punggol resale flat prices fall
06 Mar 2009 (Friday)
By Jessica Cheam
PRICES of resale HDB flats in Punggol have fallen in recent weeks to the point where they are now around the same level as new ones launched barely two months ago.
Normally new flats are markedly cheaper than resale ones as the Housing Board "deeply discounts" their price to prevailing market values as a form of subsidy to first-time home buyers.
But the worsening recession, fragile job market and weak property sector have closed this "discount gap" to virtually nothing in some cases, making resale homes as attractive as new ones.
This is a reversal of the trend during the pre-crisis property boom which saw first-timers flock to HDB for new flats when they found themselves priced out of the resale market.
Experts also point to weaker demand for premium, five-room flat types, which has led to a drop in prices.
The HDB’s website this week showed that the range of resale prices for such five-roomers in Punggol had dipped, from $375,000 to $462,000 in December to about $350,000 to $440,000 last month.
Out of 36 five-room transactions in February, a majority of 29 were priced below $400,000.
This puts them in a similar price range as new five-roomers launched at Punggol Regalia in December at $342,000 to $428,000, and Punggol Arcadia in November at $356,000 to $416,000.
Even prices at the lower end for Punggol's premium four-roomers have fallen from around $338,000 in December to $306,000 last month.First-timers eligible for housing grants that may reach as much as $70,000 could now be paying much less for a resale flat than a new one.
This could prompt some cost-conscious buyers in the queue for new flats in Punggol to drop out and buy resale ones, said ERA Asia-Pacific's associate director, Mr Eugene Lim.
Analysts say the dip in prices has come as home buyers are less likely to pay a premium, or cash-over-valuation, for a flat amid a deepening recession where every quarter sees fresh layoffs.
When HDB launched the Punggol flats late last year, the prices were also based on earlier, higher-priced transactions so it was "inevitable" for new and resale flat prices to have some overlap.
A similar scenario was seen in the 1998 Asian financial crisis when new flat prices were "outdated" quickly due to a downturn in the property market, said PropNex chief executive Mohamed Ismail.
One such area was Jurong, where some first-time buyers eventually discovered they paid more for a new flat than for some resale flats, he said.
It is difficult to compare that situation to Punggol now as the latest projects launched have a premium price due to their attractive location near Punggol MRT station and proximity to the town centre.
Punggol also has long-term potential due to plans to transform it into Singapore's first waterfront public housing estate, added Mr Ismail.
Chesterton Suntec International's head of research and consultancy, Mr Colin Tan, pointed out that, unlike private developers, the HDB does not have the luxury of flexibility to adjust prices according to the market immediately.
"Once they’ve launched, the price is fixed. So there’ll always be a lag effect," he said.
One outcome might be that if the projects do not sell out, the HDB will take back surplus flats and relaunch them at a more attractive price later, he said.
Engineer Tang Zhi Wei,who is in the queue to buy a flat at Punggol Regalia, said the prices of resale flats are starting to look very attractive.
"I'd be tempted to drop out and get a resale flat if time was important and I couldn't wait," said Mr Tang, 26.
But while it seems he is no longer getting a "deep discount" for a new flat, he will still buy one as it is "new and the location is good".
The HDB has stated previously that it follows the market and adjusts prices accordingly.
In the aftermath of the Asian financial crisis when the property market suffered a severe downturn, new flats in Sengkang, for example, cost up to 30 per cent lower in 2005 than when they were first offered for sale in 1997 to 1998.
Engineer Tang Zhi Wei, who is in the queue to buy a flat at Punggol Regalia, said the prices of resale flats are starting to look very attractive. "I'd be tempted to drop out and get a resale flat if time was important and I couldn't wait."
Related Posts:
▪ Upcoming Punggol prices
▪ Punggol resale flat prices fall
Punggol resale flats prices fall
As published in The Straits Times Digital
05 March 2009 (Thursday)
By Jessica Cheam
05 March 2009 (Thursday)
By Jessica Cheam
PRICES of resale HDB flats in Punggol have fallen in recent weeks to the point where they are now around the same level as new ones launched just two months ago. -- ST PHOTO: NURIA LING
PRICES of resale HDB flats in Punggol have fallen in recent weeks to the point where they are now around the same level as new ones launched just two months ago.
Normally new flats are markedly cheaper than resale ones as the Housing Board 'deeply discounts' their price to prevailing market values as a form of subsidy to first-time home buyers.
But the worsening recession, fragile job market and weak property sector have closed this 'discount gap' to virtually nothing in some cases and is making resale homes as attractive as new ones.
Online source: Straits Times Digital
Related Posts:
▪ Upcoming Punggol prices
▪ Punggol resale flats close the price gap
Tuesday, March 03, 2009
Punggol BTO Project Details
| BTO Project | Block No. | Release Date | Completion Date | No. of Units | Initial Launch Price |
|---|---|---|---|---|---|
| Edgedale Green | 632A-C, 633A-B, 635A-C, 636A-B | Dec 2002 | Dec 2006 | 582 | $141,000 - $170,000 |
| Periwinkle | 195A-E | Dec 2002 | Dec 2006 | 450 | $152,000 - $183,000 |
| Sundial | 167A-D, 168A-D, 169A-D | Sep 2003 | Sep 2007 | 425 | $138,000 - $178,000 |
| Punggol Anthias (cancelled) | 612A-D, 613A-D | Dec 2004 | - | 134 | $101,000 - $185,000 |
| Coralinus 1 | 301A-C, 303A-C | Jun 2005 | Jun 2009 | 369 | $169,000 - $206,000 |
| Coralinus 2 | 301D, 303D, 302A-D | Feb 2006 | Feb 2010 | 365 | $182,000 - $220,000 |
| Treelodge | 305A-D, 306A-D | Mar 2007 | Mar 2011 | 98 | $139,000 - $383,000 |
| Punggol Vista | 601A-D, 602A-C | Aug 2007 | Aug 2011 | 105 | $75,000 - $227,000 |
| Punggol Lodge | 603A-D, 604A-C | Oct 2007 | Oct 2011 | 52 | $122,000 - $234,000 |
| Damai Grove (Punggol Anthias) | 612A-D, 613A-D | Dec 2007 | Dec 2011 | 62 | $123,000 - $240,000 |
| Punggol Spring | 614A-B, 615A-C | Feb 2008 | Feb 2012 | 476 | $204,000 - $259,000 |
| Punggol Sapphire | 267A-C, 268A-D, 269A-C. 270A-C | May 2008 | May 2012 | 760 | $234,000 - $477,000 |
| Punggol Breeze | 617A-D, 618A-D, 619A-D | Jun 2008 | Jun 2012 | 778 | $223,000 - $382,000 |
| Punggol Arcadia | 288A-C, 289A-D | Nov 2008 | Nov 2012 | 120 | $181,000 - $416,000 |
| Punggol Regalia | 273A-D, 274A-D | Dec 2008 | Dec 2012 | 546 | $234,000 - $477,000 |
| The Nautilus | 273A-D, 274A-D | Mar 2009 | Dec 2012 | 520 | $228,000 - $357,000 |
| Punggol Residences | 271A-D, 272A-D | Jul 2009 | Mar 2013 | 769 | $264,000 - $409,000 |
| Punggol Spectra | 622A-C, 623A-C, 624A-C | Aug 2009 | 2013 | 1,142 | $89,000 - $293,000 |
| Punggol Ripples | 211A-D | Nov 2009 | 2014 | 472 | $65,000 - $305,000 |
| Punggol Sails | 207A-D, 208A-C | Nov 2009 | 2014 | 472 | $158,000 - $377,000 |
Related posts:
▪ What is Build-To-Order (BTO)
▪ Damai Grove (Punggol Anthias)
▪ Punggol Arcadia
▪ Punggol Breeze
▪ Punggol Lodge
▪ Punggol Nautilus
▪ Punggol Regalia
▪ Punggol Residences
▪ Punggol Ripples
▪ Punggol Sails
▪ Punggol Sapphire
▪ Punggol Spectra
▪ Punggol Spring
▪ Punggol Vista
▪ Treelodge
Sunday, March 01, 2009
Punggol Regalia - Application Results
Number of Applications Received for Punggol Regalia
| Housing Development (Contract) | Flat Type | No. of units | Indicative Price Range ($) | No. of Applications Received |
Punggol Regalia | 4-room | 546 | $250,000 - $312,000 | 1,528 |
5-room | 183 | $342,000 - $428,000 | 629 |
Note:
1. The Number of Applications Received is as at midnight on 12 January 2009. Allocation of flats is subject to prevailing eligibility conditions, availability of flats and Ethnic Integration Policy.
2. HDB will assess the application received before deciding whether to offer the contract for booking.
3. After the booking exercise, HDB will assess the take-up before deciding whether to proceed to build the flats for the contract.
4. The indicative prices do not include the cost of optional components.
1. The Number of Applications Received is as at midnight on 12 January 2009. Allocation of flats is subject to prevailing eligibility conditions, availability of flats and Ethnic Integration Policy.
2. HDB will assess the application received before deciding whether to offer the contract for booking.
3. After the booking exercise, HDB will assess the take-up before deciding whether to proceed to build the flats for the contract.
4. The indicative prices do not include the cost of optional components.
Photo source: zh3nG on Flickr
Punggol Regalia - Balloting Results
Related Posts:
▪ Punggol Regalia
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