Overview of Punggol New Town & HDB Flat Prices

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Punggol New Town Demographics

As at 31 March 2008, HDB has completed 16,734 flats in Punggol.

By 2011, another 4,000 flats are expected to be completed.

HDB’s projected ultimate number of dweliing units, including private and public housing in Punggol Town is 96,000 in Year X. This is equivalent to twice the number of dwelling units Ang Mo Kio Town has as at 31 March 2008.

Punggol 21 Plus

Sequence of Events

Aug 1996

Prime Minister Goh Chok Tong in his National Day Rally announced plans for “Punggol 21”. The plan was to develop Punggol into a model waterfront town, serviced by an intricate transportation network system comprising a bus interchange as well as a Mass Rapid Transit (MRT) station (Punggol MRT station). The MRT station would in turn be linked to Light Rail Transit (LRT) stations dispersed around the town, ensuring that every home would be no more than 300 metres to the nearest LRT station. The plan was, however, halted with the onset of the Asian economic crisis of 1997. Construction began the following year, but stopped as the demand for flats declined rapidly. The undertaking to create a resort-style estate in Punggol was further impeded by financial difficulties in the construction industry in 2003.

Aug 2007

Prime Minister Lee Hsien Loong in his National Day Rally speech articulated a new vision for Punggol, naming it "Punggol 21-plus". Putting the original "Punggol 21" plan back on track, this latest model would transform the existing Punggol estate into a waterfront town featuring amenities ranging from jogging tracks to restaurants offering alfresco dining. In addition, the Punggol and Serangoon rivers would be dammed up to form a freshwater lake.

Sep 2007

Key strategies for “Punggol 21 Plus” unveiled. Minister of State for National Development, Grace Fu, says the masterplan, announced recently, will take time to study and develop. It is a long-term plan and is thus not expected to be completed in the next five years (Source: Channelnewsasia).

Nov 2007

URA unveiled design proposals for a new waterfront promenade and park at Punggol Point. A 4.9 kilometre promenade will be built to connect two proposed sports and recreational clusters at Punggol Point and along Sungei Serangoon. The promenade will also be linked to new park connectors planned by NParks along Sungei Punggol and Sungei Serangoon.

Dec 2008

Blueprint of winning design for New Punggol Waterway unveiled. There will be a 10km cycling trail in a rustic setting along the 4.2km waterway and a pedestrian 'kelong-like' bridge to recapture the old fishing days.

Jan 2009

HDB awarded a $144.6 million contract to build the first part of Punggol Waterway to Koh Brothers.

Feb 2009

Budget Debate – Minister Mah Bow Tan indicated that the first sale site for a mixed commercial cum residential development at the town centre will be launched by 2011.

April 2009

Groundbreaking ceremony of the new Punggol Waterway. An estimated 21,000 units of private and public housing are expected to be built beside the 4.2km waterway. The project is expected to be completed by end of 2010.