Punggol's waterfront flats a big hit in BTO offer

An artist's impression of Punggol Point Cove.
An artist's impression of Punggol Point Cove. PHOTO: HDB

New flats in a recently launched waterfront district in Punggol were the top draw at the Housing Board's latest sales exercise, which ended at midnight.

There were close to five applicants vying for each of the 1,221 three-room and larger flats in Punggol Point, a new district in Punggol that boasts views of the Johor Strait.

In contrast, applicants are almost guaranteed a flat in Yishun, which saw just 1,012 families applying for 1,254 three-room and larger flats.

Observers said the popularity of the Punggol flats was likely due to the rare views, while the Yishun flats were less popular probably as they are some distance away from the MRT station.

SEE TOP OF THE NEWS

A version of this article appeared in the print edition of The Straits Times on September 04, 2018, with the headline 'Punggol's waterfront flats a big hit in BTO offer'. Print Edition | Subscribe