Experts see good take-up rate for new seafront flats in Punggol

Young families may be attracted by proximity to new MRT station, and view will be a bonus

An artist's impression of the new Punggol Point and jetty. The HDB announced two Build-To-Order housing projects in the new Punggol zone: the 1,172-unit Punggol Point Cove and 940-unit Punggol Point Woods which are expected to be completed by 2023.
An artist's impression of the new Punggol Point and jetty. The HDB announced two Build-To-Order housing projects in the new Punggol zone: the 1,172-unit Punggol Point Cove and 940-unit Punggol Point Woods, which are expected to be completed by 2023. PHOTO: HDB
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HDB flats in the new Punggol Point District with waterfront views could fetch 5 per cent to 10 per cent more than units that do not overlook the sea, property analysts said on Monday (Aug 27).

But they added that buyers will still be mainly focused on factors such as the apartment's proximity to transport nodes and amenities.

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A version of this article appeared in the print edition of The Straits Times on August 28, 2018, with the headline Experts see good take-up rate for new seafront flats in Punggol. Subscribe