Situated on the Tanjong Punggol peninsula in the North-East Region of Singapore, Punggol has evolved into a new residential town.
Under the Punggol 21 initiative announced in 1996, the government had planned to turn the area into a new residential town. However, due to the Asian financial crisis in 1997 and the financial troubles within the construction industry in 2003, the plan did not fully materialize.
In 2007, a new initiative, the Punggol 21-plus plan, was introduced to redevelop the area into a waterfront town. Punggol is divided into 5 subzones, namely, Coney Island, Matilda district, Northshore district, Punggol Canal, Punggol Field, Punggol Town Centre and Waterway East district.
Located within Punggol HDB town, the new BTO will have an estimated 1,690 units of 2-room Flexi, 3-room, 4-room as well as 1,295 of 2-room flexi, 3-room, 4-room 5-room, and 3Gen.
Based on HDB's launch prices, the table below compares affordability across the upcoming BTO launches.
Legend: Red means that income level may not be able to qualify for a mortgage per MAS 30% MSR Rule
Matilda Sundeck/Northshore Trio/Waterway Sunrise I (HDB 3 Rooms) |
Min: $164,000
Max: $209,000
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Your Household Income (A) |
Median BTO Price (B) |
Downpayment (10%) (C) = 10%(B) |
Enhanced CPF Housing Grant (EHG) (D) |
Housing Loan (Price - Downpayment - EHG) (E) = (B) - (C) - (D) |
Monthly Instalment (F) |
Your CPF OA Contribution (G) = 0.23 x (A) |
Monthly Cash Topup (Instalment - CPF OA) (H) = (F) - (G) |
---|---|---|---|---|---|---|---|
$1,000 | $186,500 | $18,650 | $80,000 | $87,850 | $399 | $230 | $169 |
$1,500 | $186,500 | $18,650 | $80,000 | $87,850 | $399 | $345 | $54 |
$2,000 | $186,500 | $18,650 | $75,000 | $92,850 | $421 | $460 | $0 |
Matilda Sundeck/Northshore Trio/Waterway Sunrise I (HDB 4 Rooms) |
Min: $258,000
Max: $331,000
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Your Household Income (A) |
Median BTO Price (B) |
Downpayment (10%) (C) = 10%(B) |
Enhanced CPF Housing Grant (EHG) (D) |
Housing Loan (Price - Downpayment - EHG) (E) = (B) - (C) - (D) |
Monthly Instalment (F) |
Your CPF OA Contribution (G) = 0.23 x (A) |
Monthly Cash Topup (Instalment - CPF OA) (H) = (F) - (G) |
---|---|---|---|---|---|---|---|
$3,000 | $294,500 | $29,450 | $65,000 | $200,050 | $908 | $690 | $218 |
$3,500 | $294,500 | $29,450 | $60,000 | $205,050 | $930 | $805 | $125 |
$4,000 | $294,500 | $29,450 | $55,000 | $210,050 | $953 | $920 | $33 |
$4,500 | $294,500 | $29,450 | $50,000 | $215,050 | $976 | $1,035 | $0 |
Matilda Sundeck/Northshore Trio/Waterway Sunrise I (HDB 5 Rooms) |
Min: $329,000
Max: $412,000
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Your Household Income (A) |
Median BTO Price (B) |
Downpayment (10%) (C) = 10%(B) |
Enhanced CPF Housing Grant (EHG) (D) |
Housing Loan (Price - Downpayment - EHG) (E) = (B) - (C) - (D) |
Monthly Instalment (F) |
Your CPF OA Contribution (G) = 0.23 x (A) |
Monthly Cash Topup (Instalment - CPF OA) (H) = (F) - (G) |
---|---|---|---|---|---|---|---|
$4,000 | $370,500 | $37,050 | $55,000 | $278,450 | $1,263 | $920 | $343 |
$4,500 | $370,500 | $37,050 | $50,000 | $283,450 | $1,286 | $1,035 | $251 |
$5,000 | $370,500 | $37,050 | $45,000 | $288,450 | $1,309 | $1,150 | $159 |
$5,500 | $370,500 | $37,050 | $40,000 | $293,450 | $1,331 | $1,265 | $66 |
$6,000 | $370,500 | $37,050 | $35,000 | $298,450 | $1,354 | $1,380 | $0 |
The figures show you an estimate of the extra monthly cash instalments you have to fork out after CPF deduction. These estimates take into account the prevailing CPF OA contributions, Enhanced CPF Housing Grant (EHG) and loan interest rate.
Depending on your household income, a cash payment highlighted in red means that it may not be affordable for you to purchase that BTO.
Assumptions:
1. Buyers have sufficient savings for the 10% downpayment.
2. The monthly installment is based on the maximum tenure of 25 years at HDB concessionary interest rate of 2.6% p.a.
3. Buyers apply as a first-timer household under one of the eligibility schemes, and all buyers are Singapore citizens.
4. Buyers fulfil all eligibility criteria e.g. within income ceiling for flat intended, at least 21 years old, do not own other property overseas or locally.
Disclaimer: Calculations provided above for financing are for general reference only. StreetSine Singapore Pte Ltd accepts no liability whatsoever arising from any use of or reliance on the use of these tables.
Option | Condition | Move-in | Eligible to Sell |
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BTO | New | 2-4 Years | 7-9 years (incl. 5 years lock-in) |
HDB Resale | Older | Immediate | 5 years lock-in |
Median BTO price | Median Resale Price |
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Disclaimer: Calculations provided above are for general reference only. StreetSine Singapore Pte Ltd accepts no liability whatsoever arising from any use of or reliance on the use of these tables.
* Assumes first-timer Singaporean couple living near one of the parents. Refer to HDB's Housing Grant rules if your situation differs.
* Updated based on 2024 Budget wef 20 Feb 2017
Note: Total Debt Servicing Ratio (TDSR) cannot exceed 60% of your net income. Mortgage Servicing Ratio (MSR) cannot exceed 30% of your income. Calculations are done at 3.5% Interest Rate.
Registration Date | HDB Model | Price | Location | Storey | Size | Built |
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Jun 23 | 3PA | $450K | Edgefield Plains | 7-9 | 68 sqm | 2016 |
Jul 23 | 3PA | $465K | Edgefield Plains | 7-9 | 68 sqm | 2016 |
Jul 23 | 3A | $435K | Edgefield Plains | 7-9 | 65 sqm | 2015 |
Aug 23 | 3PA | $480K | Edgefield Plains | 16-18 | 67 sqm | 2016 |
Aug 23 | 3PA | $480K | Edgefield Plains | 16-18 | 68 sqm | 2016 |
Apr 23 | 3A | $483K | Punggol Ctrl | 13-15 | 70 sqm | 2012 |
Lease Date | HDB Model | Price | Location | Built |
---|---|---|---|---|
May 23 | 3RM | $3,200 | Edgefield Plains | 2016 |
May 23 | 3RM | $2,600 | Edgefield Plains | 2016 |
Jul 23 | 3RM | $3,200 | Edgefield Plains | 2016 |
Oct 23 | 3RM | $2,400 | Edgefield Plains | 2016 |
Jan 24 | 3RM | $1,800 | Edgefield Plains | 2016 |
Mar 24 | 3RM | $2,700 | Edgefield Plains | 2016 |
HDB Type | Year (purchase) | Year (purchase) | Total Change | Annual Change |
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