SELL & RENT HDBS IN PUNGGOL ESTATE
Punggol (榜鹅), Singapore’s first eco-town, is located in the northeastern region of the country. Part of the North East CDC, it is well-connected to the Punggol MRT/LRT stations and major expressways like the TPE and KPE.
Known for its extensive green spaces and scenic waterfront, Punggol is now home to a vibrant, family-friendly community.
Punggol features predominantly newer HDB developments with modern designs and smart features. These are some of the HDB subzones in the Punggol estate:
- Matilda
- Northshore
- Punggol Field
- Punggol Town Centre
- Waterway East
We welcome all of you to be involved in making Punggol a better home for you and your children. We welcome your ideas and involvement in shaping your estate.
At the opening of One Punggol
QUICK LINKS
HDB PUNGGOL BRANCH OFFICE
7 INTERESTING FACTS ABOUT PUNGGOL HDB ESTATE
(a) Ancient Origins:
Punggol is one of Singapore’s oldest inhabited areas, dating back to almost 200 years before the British arrival. The name “Punggol” is believed to mean “hurling sticks at the branches of fruit trees” in Malay.
(b) Fishing Village Roots:
Punggol was originally a fishing village and rural district, with early settlers predominantly being Malays engaged in fishing. It later became known for poultry and pig farming as well.
(c) Historic Matilda House:
Punggol is home to one of Singapore’s oldest houses, the Matilda House. Built by Irish lawyer Alexander William Cashin as a gift for his wife, it served as a weekend retreat and boasted amenities like stables and tennis courts.
(d) Waterway Development:
As part of the town’s redevelopment, a 4.2km long man-made waterway was created to connect two freshwater reservoirs, Sungei Serangoon and Sungei Punggol.
(e) Living Laboratory:
Punggol serves as a ‘living laboratory’ to test new ideas and technologies in sustainable development, integrating urban solutions to create a green living environment.
(f) Recreational Hub:
Residents enjoy various outdoor activities, including cycling, jogging, and water sports. Places like Punggol Waterway Park and Coney Island offer numerous recreational options.
(g) Enhanced Connectivity:
The new Punggol Coast MRT station on the North East Line will improve connectivity for residents, reducing travel time to central areas like Orchard and Outram Park by about 15 minutes.
Are you considering selling, buying or renting out your HDB flat in Punggol?
Or simply curious about the HDB housing scene in Punggol?
Check out the HDB median resale prices and rental statistics for Punggol below.
I will be updating these statistics every quarter.
HOW ARE HDB RESALE PRICES IN PUNGGOL?
Quarterly Punggol HDB Median Resale Prices up to Q3 2024
SALE ANALYSIS FOR PUNGGOL HDB RESALE FLATS
Note: All prices shown are median resale prices. The median price represents the middle value when all transactions in a quarter are arranged from lowest to highest, providing a better representation of the typical price than an average would.
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Punggol’s resale market showed strong growth:
2-Room Flats:
- Starting median price (2020-Q1): $245,500
- Current median price (2024-Q3): $350,000
- Median price appreciation: 42.6% in ~4 years
Key Observations:
- Limited transaction data
3-Room Flats:
- Starting median price (2020-Q1): $356,500
- Current median price (2024-Q3): $511,400
- Median price appreciation: 43.4% in ~4 years
Key Observations:
- Current price is historical peak
- Crossed $500,000 mark in 2024-Q3
4-Room Flats:
- Starting median price (2020-Q1): $460,000
- Current price (2024-Q3): $648,000
- Median price appreciation: 40.9% in ~4 years
Key Observations:
- Current price is historical peak
- Steady quarter-on-quarter increases
5-Room Flats:
- Starting median price (2020-Q1): $493,000
- Current price (2024-Q3): $725,000
- Median price appreciation: 47% in ~4 years
Key Observations:
- Significant price appreciation
- Peak of $728,000 in 2024-Q1
Executive Flats:
- Very limited historical data
- Last recorded transaction in 2018-Q3 at $545,000
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- First recorded median price (2017-Q2): $360,000
- Current median price (2024-Q3): $511,400
- Total median price appreciation: 42.1% over ~7.5 years
4-Room Flats:
- Starting median price (2007-Q2): $252,500
- Current median price (2024-Q3): $648,000
- Total median price appreciation: 156.6%
5-Room Flats:
- Starting median price (2007-Q2): $307,000
- Current median price (2024-Q3): $725,000
- Total median price appreciation: 136.2%
P.S. HDB provides the median resale price for a flat type only if the estate has at least 20 transactions for that quarter. This explains why the line graphs for the 2-room & 3-room HDB flats in Punggol have a lot of gaps. There were less than 20 transactions in those quarters.
HIGHEST RESALE PRICE
Highest resale price achieved for the different Punggol HDB flat types in 2024-Q3:
a) HDB 2-room flat: $392,000 @ 327C Sumang Walk
b) HDB 3-room flat: $660,000 @ 635 Punggol Drive
c) HDB 4-room flat: $790,000 @ 272D Punggol Walk
d) HDB 5-room flat: $1,223,000 @ 267B Punggol Field
d) HDB executive flat: $810,000 @ 186 Punggol Central
Looking to sell your Punggol HDB flat or explore your upgrading options?
I’ve helped many sellers. I can help you, too.
HOW ARE HDB RENTAL PRICES IN PUNGGOL?
Quarterly Punggol HDB Median Rental Prices up to Q3 2024
RENTAL ANALYSIS FOR PUNGGOL HDB FLATS
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Punggol’s rental market showed strong growth:
2-Room Flats:
- Limited recent data
- First appeared in 2022-Q4: $2,350
- 2024-Q3: $2,400
3-Room Flats:
- 2020-Q3: $1,700 → 2024-Q3: $2,700
- Increase: +58.8%
4-Room Flats:
- 2020-Q1: $1,900 → 2024-Q3: $3,200
- Increase: +68.4%
5-room Flats:
- 2020-Q1: $1,900 → 2024-Q3: $3,250
- Increase: +71.1%
Key Observations:
- Steepest rise began in 2022 due to post-pandemic demand
- 5-room flats flats saw highest percentage increase
- Rental gaps range from $300 to $500 between flat types
- Emerging 2-room rental market
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
4-Room Flats:
- 2008-Q1: $1,500 → 2024-Q3: $3,200
- Total Growth: +113.3%
5-Room Flats:
- 2007-Q2: $1,300 → 2024-Q3: $3,250
- Total Growth: +150%
P.S. HDB provides the median rental price for a flat type only if the estate has at least 20 transactions for that quarter. This explains why the line graph for 2-room & executive HDB flats in Punggol is almost non-existent. There were less than 20 transactions for most quarters.
HIGHEST RENT
Highest rent achieved for the different Punggol HDB flat types in 2024-Q3:
a) HDB 2-room flat: $2,900 @ 233A Sumang Lane
b) HDB 3-room flat: $3,300 @ 208B Punggol Place
c) HDB 4-room flat: $4,720 @ 619C Punggol Drive
d) HDB 5-room flat: $4,700 @ 178 Edgefield Plains
e) HDB executive flat: $4,900 @ 190 Punggol Central
Looking to rent out your Punggol HDB flat or explore your options?
I’ve helped many landlords. I can help you, too.
Check out the sales & rental trends in other HDB towns in Singapore.
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WHAT BRINGS YOU HERE TODAY?
Are you wondering what to do in today’s market?
Perhaps you already have a clear mind of what you want to do?
In my blog, I often share stories of the challenges, triumphs, and lessons learned in my work as a real estate agent in Singapore.
Regardless of your situation, you can use me as a sounding board. I’ll provide perspective and clarity from my experience.
