A HDB loft unit at 268D Punggol Field recently sold for $910,888 setting a new benchmark in the resale index. Positioned as Singapore’s first waterfront town, District 19 (D19) has seen a significant upswing in residential prices across the region.
Property prices have always been an interesting topic for Singaporeans. Today we will be looking into D19. Singapore’s north-east region, comprising of Hougang, Sengkang, Punggol & Serangoon.
What constitutes to the massive capital gain in District 19 as a whole?
Singapore’s First Enterprise District will create 28,000 new jobs and new infrastructure such as the Centralised Logistics Hub, Market Village, Civic Commons progressively built from 2023.
#2: General Hospital, Mega Childcare & Other Amenities
As a region for young families, convenience will be increased for residents with the installation of a brand new General Hospital and Mega Childcare in both Sengkang & Punggol. With other quaint cafes, perks, Coney Island and Punggol Settlements. Can Singaporeans resist the charm of this district?
#3 Sengkang West Industrial Park & Seletar Aerospace Park
The expansion and new developments from Sengkang West Industrial Park and Seletar Aerospace Park simply translate to a higher population in the region, bringing higher purchase and rental demand.
Linking major hubs such as Jurong Lake District, Punggol Digital District and Changi Hub, the introduction of the Cross-Island Line in Hougang, Serangoon North and Defu will shorten travel time by at least 50% bringing greater efficiency and convenience for residents and travellers.
#5 Surrounding Nature & Waterfront
Last but not least, Punggol. Known for its identity as the watertown abode, residents enjoy waking up to nature and soothing streams with no short of amenities in the vicinity. These recreational amenities offer unadulterated nature at its finest, perfectly made for leisurely strolls, cycling and other outdoor activities.
With the rosy outlook for D19, will resale prices continue thriving? Is it a good time to realise profits? For people looking to enter, is it too late?
My name is Jen Tan, don’t be afraid to ask me any questions! I would love to hear from you.