Punggol and Sengkang Residents – Expect Your Home Value to Go Up! Here’s Why

If you live in Sengkang or Punggol, your choice to invest in these two towns may soon pay off as new data by Ohmyhome Research shows potential gains for home sellers in the near future. It all boils down to supply and demand. Let’s break it down.

Expected supply of HDB flats in Sengkang

Expected supply of HDB flats in Punggol

Over the next three years there will be no Executive Apartments to be expected in these two areas, and lesser 4-room and 5-room flats will be built.

Instead, there will be more 2-room and 3-room flats to cater to the changing demand of Singaporeans as singles, elderly, and married couples without children now make up the majority of home buyers in the market. 

With a reduced supply of 4-room and 5-room flats, and Executive Apartments, these homeowners can expect a steeper growth in home value, especially given the popularity of Sengkang and Punggol today. You can now easily track your home valuation as it rises using Homer AI, your new Home Ownership & e-Valuation Report AI tool built by Ohmyhome, trained to provide you with only the most crucial insights on your home. 

Both towns have excellent connectivity with convenient transportation options for commuters and the Tampines Expressway (TPE) and Kallang-Paya Lebar Expressway (KPE) for those who drive. Both towns also boast excellent educational institutions, including reputable primary and secondary schools, as well as international schools.

It’s also important to note that the North-East region, where Sengkang and Punggol are located, is the second largest and most densely populated in the whole of Singapore, indicating a high demand for properties in this area. 

Additionally, there will be no new supply of HDB flats in these two towns after 2024. This is due to the lack of BTO flats slated to be launched in Sengkang and Punggol; the only BTOs to be expected in the area are those that were affected by construction delays during the pandemic. 

Notable new BTOs

Due to Covid, all of these projects have been pushed back with the latest batch of BTOs expected to be completed in March 2024. 

With the lack of new BTO launches resulting in a reduced supply of HDB flats in Sengkang and Punggol, coupled with the expected surge in demand from eager buyers, property prices in these areas could soar to rival housing prices in mature estates, and therefore long-term growth for Sengkang and Punggol is expected to be positive. 

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