HDB launches two new BTO projects in Punggol

The Housing and Development Board (HDB) has launched a total of 1,429 flats under the two new build-to-order (BTO) projects in Punggol.

Both projects will be near the bus interchange, Punggol MRT Station, and the upcoming Punggol town centre.

Punggol Emerald, located at the junction of Punggol Central and Punggol Way, will have 856 standard flats, comprising of 222 five-roomers, 350 four-roomers, 96 three-roomers and 188 studio apartments.

A five-room flat in this estate will sell for $333,000 to $403,000. The price of a comparable five-room resale flat in the vicinity ranges from $412,000 to $471,000, said HDB.

Meanwhile, Punggol Waves, at Punggol Walk, will offer 573 flats comprising of 209 five-roomers, 259 four-roomers and 105 three-roomers.

The selling price of a five-room flat here ranges from $330,000 to $385,000, slightly less than that at Punggol Emerald. HDB stated that a comparable five-room resale flat in the vicinity would go for $415,000 to $471,000.

Both Punggol Waves and Punggol Emerald projects will have eco-friendly features, which allows them to qualify for Green Mark certification. This is part of HDB's plans to develop Punggol as an eco-town.

These features will boost indoor environment quality and energy efficiency. The estates will also be built using precast construction methods to reduce wastage.

Applications for flats at Punggol Waves and Punggol Emerald will close on May 3.

With these two latest projects released in Punggol, HDB would have offered 5,082 new BTO flats in the first four months of 2010. Home seekers can also look forward to another 1,100 flats under the BTO projects in Yishun and Jurong West in May.

HDB will launch 7,400 BTO flats from May to September, taking the total number of flats introduced from Q1 to Q3 2010 to about 12,000.

More flats are in the pipeline through the Design, Build and Sell scheme – a site in Yishun, which can potentially yield about 700 units, is currently up for tender.