{"id":96778,"date":"2018-08-28T10:39:52","date_gmt":"2018-08-28T03:39:52","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/waterfront-views-not-a-determining-factor-for-most-buyers\/"},"modified":"2018-08-28T11:03:22","modified_gmt":"2018-08-28T04:03:22","slug":"waterfront-views-not-a-determining-factor-for-most-buyers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/waterfront-views-not-a-determining-factor-for-most-buyers\/","title":{"rendered":"Waterfront views not a determining factor for most buyers"},"content":{"rendered":"


\nWhile Housing and Development Board (HDB) flats with waterfront views in the new Punggol Point District are expected to fetch higher prices than those with no such views, property analysts believe that buyers will still focus on factors such as proximity to transport nodes and amenities, reported The New Paper.
\n\u00a0Their insight came after the HDB revealed that two build-to-order (BTO) housing projects within the new Punggol zone are set for launch this month.
\nMore:\u00a0Find HDB flats for sale or read our\u00a0HDB guides and BTO guides
\n\u00a0Set to be completed by 2023, Punggol Point Cove will offer 1,172 units, while Punggol Point Woods will have 940 units.
\n\u00a0Punggol Point is the fifth of the seven districts planned by the government for Punggol town.
\n\u00a0OrangeTee & Tie head of research and consultancy Christine Sun noted that about 25,700 flats were launched by the HDB in 21 BTO projects within the area, including across Waterway West, Waterway East, Matilda and Northshore.
\n\u00a0She expects the new Punggol projects to have a healthy take-up rate given the potential of the area and the fact that three- to five-room flats within non-mature estates were two to five times oversubscribed in May.
\nMore: Can you afford an HDB flat? Check your\u00a0affordability\u00a0now.\u00a0
\n\u00a0Moreover, demand for Punggol flats have been steady this year, said Cushman & Wakefield senior director of research Christine Li. In fact, HDB resale data showed that Punggol posted the second highest transaction for the period January to July with 919 sales.
\n\u00a0Li expects young families to be attracted to the new units, considering their proximity to the MRT station, the Singapore Institute of Technology\u2019s new campus and the Punggol Digital District.
\n\u00a0The units\u2019 waterfront view is deemed a bonus. Resale condos with such views could fetch a six to 10 percent premium while resale HDB flats could fetch three to five percent more, revealed Dr Lee Nai Jia, Knight Frank\u2019s senior director and research head.
\n\u00a0Li, however, does not expect the HDB resale market to be significantly affected by the new waterfront flats.
\n\u00a0\u201cWaterfront living is not likely to be the determining factor for most buyers,\u201d she said. \u201cLocation, price and amenities will likely remain their top considerations when choosing a home.\u201d<\/p>\n

\u00a0Meanwhile, demand from the resale market mainly comes from those \u201clooking for immediate occupation, or those who do not qualify for BTO flats\u201d, she added.
\nEugenia Rosaline Shlaen edited this story. To contact her about this or other stories, email eugenia@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Waterfront views not a determining factor for most buyers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

While Housing and Development Board (HDB) flats with waterfront views in the new Punggol Point...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-96778","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-paW","jetpack-related-posts":[{"id":96726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-to-launch-first-two-bto-projects-in-punggol-point\/","url_meta":{"origin":96778,"position":0},"title":"HDB to launch first two BTO projects in Punggol Point","date":"August 27, 2018","format":false,"excerpt":"\r The Housing Board revealed on Sunday (26 Aug) that it plans to offer for sale 2,112 build-to-order (BTO) flats this month within the first two residential projects in Punggol Point District, reported Channel NewsAsia. Known as Punggol Point Woods and Punggol Point Cove, the former will come with 940\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96854,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-5000-flats-offered-in-hdbs-august-sales-exercise\/","url_meta":{"origin":96778,"position":1},"title":"Over 5,000 flats offered in HDB\u2019s August sales exercise","date":"August 29, 2018","format":false,"excerpt":"\r The Housing and Development Board (HDB) has launched 5,101 flats for sale under the August 2018 Build-To-Order (BTO) and Re-Offer of Balance Flats (ROF) exercise. \u00a0The 4,375 BTO units on offer are spread across four projects in Punggol and Yishun, said the HDB in a release on Tuesday (28\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110689,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4089-flats-in-september-sales-exercise\/","url_meta":{"origin":96778,"position":2},"title":"HDB launches 4,089 flats in September sales exercise","date":"September 12, 2019","format":false,"excerpt":"\r A total of 3,373 Build-To-Order (BTO) flats were launched in Punggol and Tampines, which were spread across three projects \u2013 Punggol Point Crown, Punggol Point Cove and Tampines GreenGlen. The Housing Board launched 4,089 flats for sale on Wednesday (11 September), just a day after National Development Minister Lawrence\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97202,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/waterfront-punggol-flats-a-hit-among-buyers\/","url_meta":{"origin":96778,"position":3},"title":"Waterfront Punggol flats a hit among buyers","date":"September 4, 2018","format":false,"excerpt":"\r The newly launched Housing Board flats in Punggol attracted more attention than those in Yishun, with 5,608 applications received for 1,221 three-room and bigger flats, or 4.6 times as many, as at 5pm on Monday (3 September), reported The New Paper. In Yishun, only three-room units were oversubscribed 1.5\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93025,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-up-0-1-govt-to-offer-bto-flats-in-punggol-and-yishun\/","url_meta":{"origin":96778,"position":4},"title":"HDB resale prices up 0.1%, govt to offer BTO flats in Punggol and Yishun","date":"July 3, 2018","format":false,"excerpt":"\r Demand for HDB resale flats is stronger due to interest from displaced en bloc owners and positive sentiment in the private residential market.\u00a0 Prices of HDB resale flats edged up 0.1 percent in Q2 2018 on a quarterly basis, according to flash estimates released by the Housing Board on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72659,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/temporary-blip-in-hdb-resale-transactions-dwindling-first-timer-demand\/","url_meta":{"origin":96778,"position":5},"title":"Temporary blip in HDB resale transactions, dwindling first-timer demand","date":"November 23, 2017","format":false,"excerpt":"\r View of HDB flats in the Ghim Moh area. 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