My 1st take a look at to the Lake Section during my stay inside the UK has been a good memorable one. I actually bear in mind sipping a cup regarding coffee inside my little condo that disregarded the water and being enthralled by the rustic necklaces associated with nature that pass on just before my very eye. What followed next was obviously a tinge of despondence, for the lush greeneries and oceans ended up something that I may not get in my own beloved country, Singapore.

Presently, fast-forward five years, and you could think about my personal excitement when the Singapore government announced the revitalization of Punggol as this Lakefront Town of typically the 21st Century.

Punggol since the Waterfront Town of the 21st Century

Historically some sort of fishing town and a new sleepy estate current generations, Punggol is currently taking pleasure in a radical transformation into an exciting waterfront area.

At the heart of its progress is a five. two km long , the burkha that will embodies three crucial layout elements: Green, Water plus People. This impressive stretching of waterway comprises some sort of wide array of pursuits and facilities – from leisure to educational – most connected together by simply this natural landscape associated with waters and lush greeneries. It is no surprise so why Prime Minister Shelter Hsien Loong described this girl as a “green lung in the middle connected with our tight city”.

Make no mistake, Punggol is usually not all just in relation to undulating landscaped hills in addition to orange waters. By way of 2015, you will see a new commercial centre together with town foro located here at the MRT station, and the village is definitely poised for being as major as Ang Mo Kio (an profoundly popular mature estate in Singapore).

My spouse and i strongly think that these kinds of can be appropriate reasons to be able to make a great early purchase in Punggol while typically the opportunity is still generally there.

The Lure of Exec Apartments

We hear an individual ask instructions is the particular opportunity to invest still there? Sure, and it lies in the Executive Condos, fondly referred to like ‘ECs’.

ECs will be aspect of public housing throughout Singapore but fully designed and sold by private developers. This is a federal effort that provides to homebuyers that happen to be ineligible for the cheaper HDB flats but cannot have the funds for prices of private property.

Because of this, ECs are constantly offered in a very much lower part (usually listed 20-25% lower) in comparison with a private condo along with identical facilities, hence making the past much more cost-effective.

Additionally , interested EC 1st time buyers who else are entitled for your government housing grants or loans (CPF grant) can get pleasure from a good security of upwards to SGD $30, 500. This is dependent in the combined monthly earnings of the potential buyers. There is also no resale garnishment for 2nd time period potential buyers. To understand more about the membership and enrollment, you need to refer to the Housing Growth Board’s EC Membership.

The most important thing to consider for investing in ECs will be its strong probable for capital appreciation. By means of doing a trend research, often the values of ECs have risen considerably over the years considering that the introduction into the housing sector. Park Green, launched within Apr 03 at $324 psf is now fetching $746 psf, some sort of good looking investment for numerous. Bishan Attic room, launched in 2001 on $421 psf, can certainly now fetch above $1000 psf. This specific means to be able to more than a new completely capital appreciation.

Following The Myst Tan Chong Industrial Estate of title, typically the EC will be privatized and may be sold to foreigners. The ability to sell to be able to a wide market place effectively means that there is definitely a bigger market regarding potential buyers to promote the particular EC to.

ECs around the Punggol Location

Thankfully for the several who else are thinking about investing in Punggol, there are a new few forthcoming EC launches in the next few a few months.

Located at often the cardiovascular of Punggol is Waterbay EC. The envisioned start date is inside Jan 12. Other great investment decision chances in typically the location include Heron Gulf EC and Fernvale EC.

Now, fast-forward a further 5 yrs, when I am sipping my cup involving espresso in the house the fact that overlooks the normal panorama and blue marine environments, that will not turn out to be in the UK, although in our beloved house, Singapore.

Property or home Review — Janice can be a promising realtor at Singapore’s leading property or home agency AGE. She is definitely passionate and excited about supporting her clients commit around the best attributes around Singapore.