Punggol waterfront sees wave of launches

The wave of property launches in waterfront Punggol that has left home buyers spoilt for choice is about to grow even bigger.

At least seven private condominiums have been launched in the past year along with five executive condominium (EC) projects since EC development Prive - the first in Punggol - was launched in December 2010.

Another mega private condo project, Allgreen Properties' 920-unit RiverSails will be launched at the end of the month while Qingjian's 383-unit Waterbay EC is expected to be open for applications next month.

On top of that, two more ECs are in the works in the area.

One EC land parcel was recently sold while another site is on the confirmed list of the Government Land Sales (GLS) programme and is slated for sale next month.

While the take-up for projects launched so far has been healthy, the increasingly stiff competition has prompted developers to pull out all the stops to differentiate their projects from others.

For instance, EC Heron Bay offers some buyers their own jacuzzi pool while RiverSails will provide a dazzling array of 50 amenities for residents, including a sky lounge and a tea party lounge.

Experts say that most of the private condos in Punggol have the advantage of either being close to transportation links or close to the area's recently opened 4.2km man-made waterway, offering a slew of recreational activities.

Source: The Straits Times – 15 September 2012