{"id":97202,"date":"2018-09-04T10:18:26","date_gmt":"2018-09-04T03:18:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/waterfront-punggol-flats-a-hit-among-buyers\/"},"modified":"2018-09-04T11:02:58","modified_gmt":"2018-09-04T04:02:58","slug":"waterfront-punggol-flats-a-hit-among-buyers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/waterfront-punggol-flats-a-hit-among-buyers\/","title":{"rendered":"Waterfront Punggol flats a hit among buyers"},"content":{"rendered":"


\nThe 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.
\nIn Yishun, only three-room units were oversubscribed 1.5 times, while four-room flats and five-room flats received 60 percent and 90 percent as many applications, respectively.
\nMore: HDB flats to appreciate but not as fast: Khaw
\nThe difference in application rates came as no surprise for ERA Realty\u2019s key executive officer Eugene Lim. He noted that Punggol is a hit among younger buyers, while Yishun is widely known as an \u201cold town\u201d.
\n\u201cWhen you pair an attractive product with a normal one in the same area \u2013 of course the attention would be diverted,\u201d said Lim.
\nPunggol\u2019s popularity among buyers is due to the fact that some of the flats offered there come with views of the Johor Strait. Industry watchers noted that sea views, which are rare for HDB flats, could help to fetch higher prices later.
\nThe flats in Punggol are also near the upcoming Punggol Coast MRT station, while those in Yishun are located much further away from Yishun MRT station.
\nMore:\u00a03 former cemeteries turned popular places in Singapore
\nWith the application rates for Punggol flats two to six times higher than for Yishun flats, ZACD Group executive director Nicholas Mak said the disparity implies that today\u2019s applicants can afford to be choosy.
\n\u201cIt might mean that potential buyers these days prefer flats that have better chances for price appreciation in the near future.\u201d
\nWith this, Mak said HDB may want to slow down the release of residential sites in less popular towns.
\n\u00a0
\nLooking to purchase a new home? Read our\u00a0in-depth reviews\u00a0of all new launches or check out our\u00a0buy\/rent guides.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Waterfront Punggol flats a hit among buyers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The newly launched Housing Board flats in Punggol attracted more attention than those in Yishun,...<\/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-97202","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-phM","jetpack-related-posts":[{"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":97202,"position":0},"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":96854,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-5000-flats-offered-in-hdbs-august-sales-exercise\/","url_meta":{"origin":97202,"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":89032,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-6992-flats-in-may\/","url_meta":{"origin":97202,"position":2},"title":"HDB launches 6,992 flats in May","date":"May 22, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the Kim Keat Beacon BTO project in Toa Payoh. (Photo: HDB) The Housing and Development Board (HDB) launched 6,992 flats for sale on Tuesday (22 May) under its May exercise. This comprises 3,970 Build-To-Order (BTO) and 3,022 balance flats. More: 1,500 HDB Flats Launching In Tengah\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/05\/May-2018-BTO-prices.jpg?fit=893%2C714&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":95053,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-resale-prices-rise-for-the-first-time-in-nine-quarters\/","url_meta":{"origin":97202,"position":3},"title":"HDB resale prices rise for the first time in nine quarters","date":"July 30, 2018","format":false,"excerpt":"\r The latest round of property curbs is expected to make buyers turn to the HDB resale market, where properties are cheaper. Prices of resale Housing Board flats climbed 0.1 percent in the second quarter of 2018 \u2013 its first increase after nine quarters of decline \u2013 hinting that HDB\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":44035,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-launches-4056-bto-flats\/","url_meta":{"origin":97202,"position":4},"title":"HDB launches 4,056 BTO flats","date":"February 14, 2017","format":false,"excerpt":"\r A total of 17,000 new flats are set to be launched in 2017.\u00a0 The Housing and Development Board (HDB) launched 4,056 flats for sale this morning under the February 2017 Build-To-Order (BTO) exercise. Spread across six projects in Punggol, Clementi and Tampines, these flats comprise the first batch of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42059,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-demand-for-3gen-flats\/","url_meta":{"origin":97202,"position":5},"title":"Strong demand for 3Gen flats","date":"January 27, 2017","format":false,"excerpt":"\r Artist\u2019s impression of the Saraca Breeze @ Yishun BTO project. (Source: HDB) The three-generation (3Gen) flats launched by the Housing and Development Board (HDB) from 2013 to 2015 recorded an average take-up rate of 83 percent, with buyers booking 651 of the total 786 units, reported TODAYonline, citing a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/97202"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=97202"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/97202\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=97202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=97202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=97202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}