Sunday, October 21, 2012

Punggol set to boom

The Housing and Development Board (HDB) has announced plans for the second phase of Punggol’s development, including a new Northshore District that will provide more seafront public housing.  

According to The Business Times, the Northshore District will be one of seven unique waterfront precincts – including the Waterway West and Waterway East districts which are both under construction.

The tallest residential buildings in Punggol with a height of 29 storeys will also be built in the Northshore District. They will feature fully-underground car parks to provide residents with a greener and more spacious environment on the ground floor.

Public housing projects in the Northshore and Matilda districts are expected to be launched over the next five years.

According to the Punggol Masterplan, 96,000 private and HDB units are expected for the area. Around 26,400 public housing units have been completed, with 15,800 flats still under construction.

Meanwhile, 6,400 private homes were either launched or are still under construction. A total of 48,000 units are expected to be ready by 2016.

Approximately 422-ha from the total 957-ha of land in Punggol has been set aside for housing, while the remaining 535-ha has been earmarked for other uses, such as commercial, schools, transportation networks and religious purposes, said the housing board.

National Development Minister Khaw Boon Wan added: “We are now ready to launch the next phase of Punggol’s development. Punggol Phase II will cover developments over the next 15 years and beyond.”

View the original article here

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