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THE fast-growing area of Punggol could end up with a greater proportion of private homes than in other parts of the country.
Private units average about 18 per cent of the housing mix across the country but one expert tips that it could go as high as 25 per cent in Punggol "as aspirations of people grow".
THE Housing Board has unveiled the next phase of development for Singapore's hottest new estate, Punggol, which is also known for being the first eco-town.
Estimated to be twice the size of Ang Mo Kio when it is complete, the eco-precinct is expected to boast seven new districts for waterfront housing, as well as abundant greenery to soften its projected high density.
Last night at the HDB Awards gala at Marina Bay Sands, National Development Minister Khaw Boon Wan painted the next phase of Punggol as part of the Government's plan to progressively raise the standard of HDB living while catering to a growing population.
Seletar Mall at junction of Senkang West Avenue and Fernvale Road is coming by the end of 2014.
Coming: RiverBank Condo @ Fernvale
Fernvale Close Condo by Fraser
Land sold in 2013 for Anchorvale EC, coming next year
Land sold in 2013 for Punggol Central EC, coming next year
Land sold in 2013 for Punggol Drive EC, coming next year
The one stop shopping, dining and entertainment destination will serve existing and new residents living in HDB Built-To-Order flats, private condominiums and landed properties at the Seletar estate. It will also cater to 747,000 residents and a working population of 47,000 within 5 km, including Sengkang, Hougang, Punggol, Serangoon and Ang Mo Kio), the Seletar Aerospace Park and Ang Mo Kio Industrial Park.
Residents residing in Seletar Hill, Jalan Kayu, Segkang West and new launch projects such as Jewel @ Buankok, H20 Residences, Seletar Residences, Lush @ Acres (Executive Condo) will enjoy this additional amentities and great conveniences with short minutes stroll to Seletar Mall.
WATER is helping to power the construction boom in Punggol, with developers touting the eco-allures of living close to Sungei Serangoon and Punggol Waterway.
The projects also hope to make waves with buyers by using names like Watertown and River Isles. Eight condominiums and six executive condos, with 8,864 units in total, have been launched since 2010.
An additional 11 Build-to-Order projects - with more than 9,000 units - were also rolled out in the last two years, according to the Housing Board. More flats are expected to be offered which will boost the number from the current 26,000 to 42,000 in 2015.
The projected number of private and HDB homes in Punggol is 96,000.
Coming: Waterwoods EC Punggol
Punggol Central EC coming 2014
Anchorvale Crescent EC coming 2014
SINGAPORE – After a difficult start – hampered by the Asian financial crisis some 15 years go – the development of Punggol housing estate has picked up pace in recent years.
Yesterday, the Government announced plans to transform Punggol into Singapore’s largest housing estate, with seven new districts for waterfront housing, as well as abundant to soften its projected high density.
Under the second phase of development – which will take place over the next 15 years and beyond – the number of public housing units in Punggol will increase by almost four-fold, from the current 26,000 to 100,000. About 48,000 new units are slated for completion by 2016.
“Punggol Town will be big … Punggol will be twice of what Ang Mo Kio is today,” said National Development Minister Khaw Boon Wan.
Coming: Waterwoods EC Punggol
Land sold for Anchorvale Crescent EC coming 2014,
SPH, which owns The Business Times, said yesterday that Shaw Theatres, NTUC Foodfare and FairPrice Finest supermarket will take up anchor tenant spots on three separate floors in the family-focused shopping mall.