Summary of Punggol prices
Period |
BTO launch prices (excluding grants) |
HDB resale flat prices |
Median prices of new private properties |
Median prices of private resale properties |
| Q2 2019 | From $109,000 (2-room flexi) to $423,000 (5-room) | From $360,000 (3-room) to $460,000 (4-room) | ||
| Q1 2019 | NA | From $355,000 (3-room) to $475,000 (5-room) |
More information about HDB’s September 2019 BTO launch here.
Median HDB resale prices in Punggol
Period |
3-room |
4-room |
5-room |
Executive |
| Q2 2019 | $360,000 | $460,000 | $455,000 | * |
| Q1 2019 | $355,000 | $453,900 | $475,000 | * |
| Q4 2018 | $343,000 | $455,000 | $445,000 | * |
| Q3 2018 | $356,500 | $450,000 | $438,000 | $545,000 |
Note: * indicates cases where there are less than 20 resale transactions in the quarter for the particular town and flat type. The median prices of these cases are not shown as they may not be representative.
HDB prices in Punggol are generally pretty stable with an average price of around $350,000 for 3-room flats. An interesting observation is that in Q4 2018 and Q2 2019, the median price for 4-room flats is higher than 5-room flats.
Median HDB rents in Punggol
Period |
3-room |
4-room |
5-room |
Executive |
| Q2 2019 | * | $1,800 | $1,900 | * |
| Q1 2019 | * | $1,800 | $1,900 | * |
| Q4 2018 | * | $1,800 | $1,900 | $2,000 |
| Q3 2018 | * | $1,850 | $1,850 | * |
Note: * indicates cases where are less than 20 rental transactions in the quarter for the particular town and flat type. The median rental of these cases is not shown as they may not be representative.
Are you interested in moving into an EC? Read our buying guide.
There has been little to no movement for rents of HDB flats in Punggol. Since Q3 2018, the median rent for 4-room HDB flats in Punggol has held firm at $1,850 per month, however, beginning from Q4 2018, the median rental price saw an increase of $50.
The only executive condo launch in 2019
Piermont Grand in was the only executive condo (EC) launch in 2019 (and likely for the rest of the year). The project was a hit among buyers, selling 375 of its 820 units at launch, at an average price of $1,080 per sq ft (psf).
The site is sandwiched between the Sumang and Nibong LRT stations and spread over 13 mid-rise blocks. Nearby amenities include Punggol Waterway Park, Punggol SAFRA club and Tampines Expressway.
Get the Guru View
With so many exciting changes planned for Punggol, prices of residential properties in the area are expected to climb upwards over the next few years. Young couples, especially if they plan to work in Singapore’s upcoming Silicon Valley, should definitely consider buying a home in Punggol.
They will not only enjoy a short commute to work, but also get to live in a green estate filled with a variety of amenities. As a bonus, they may get a significant capital gain on their property.
Can you afford a property in Punggol? Check your affordability now. Alternately, refer to our handy buying guides.
