Punggol likely to have more private homes than other areas
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".
PropNex chief executive Mohamed Ismail said this would work out to about 24,000 private units given that Punggol is expected to host around 96,000 homes eventually.
The 6,400 private dwellings there now - all uncompleted - will make up about 13 per cent of all units in the area by 2016, when about 48,000 homes will have been completed.