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Punggol EC expected to be well received due to location

Published on Oct 6, 2012 6:00 AM
An artist's impression of Waterbay, a 383-unit project at the junction of Punggol Central and Edgedale Plains. -- PHOTO: QINGJIAN REALTY

Yet another executive condominium (EC) is being launched on Saturday, the seventh EC to be put on the market this year.

Property consultants expect Waterbay, in Punggol, to garner healthy interest from buyers, thanks, in part, to its location.

Projects in Punggol and Sengkang have been "generally well received" despite the many private housing projects launched in that area, said R'ST Research director Ong Kah Seng.

"Most of the EC projects in the north-eastern area are almost completely sold out," he said. "It indicates that many buyers are excited with Punggol developing into a lifestyle residential enclave."

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