SINGAPORE - The Punggol waterway will soon see a new Safra Club as the Government ramps up efforts to show appreciation for National Servicemen.

Details on this $57.3 million facility, slated to be completed in early 2016, were revealed by Deputy Prime Minister Teo Chee Hean at a ground breaking ceremony on Wednesday.

"The Safra Clubhouse is an important symbol," said Mr Teo, "(it) will be a constant reminder of what our NSmen are defending - our homes, families and the special Singapore that we have built together."

The five-storey 14,000 sq m club at Sentul Crescent is right next to the Punggol Waterway. It will also have a first-of-its-kind water themed playground for children.

Catering to young families was a driving force behind the design of the premise said Maj (NS) Terence Quek, Chairman of Safra Punggol's Development Committee.

The club is set to benefit more than 70,000 NSmen who are expected to be living in the North East by 2016.

Meanwhile, Mr Teo added, the other Safra clubs such as those in Mount Faber and Tampines will be upgraded.