Punggol has been slated as the model town for Singapore’s next generation. Smart eco-features, waterfront living, and modern amenities are just a few key features to mention to show that Singapore’s government is taking efforts to take the country’s modernity to the next level.
If you’re looking for an HDB flat for rent in Punggol, here are four good reasons Punggol could potentially give you a good rental yield in the future.
- Singapore Institute of Technology (SIT)
Singapore’s fifth University, SIT will be located in Punggol with plans to make it a creative cluster and learning corridor. The completion date is expected to be in 2020. The university will increase its intake from 2,000 to 3,500 students by 2020. Consequently, real estate investors can expect a rise in the rental markets by then due to overseas students coming over to study.
- Low Prices Now
Punggol might not be the most accessible district right now, and due to this, prices are relatively low as compared to the other matured and congested areas in Singapore. Investing in a Punggol property now might prove to be a profitable investment in the long term due to the rapid developments happening.
- State of The Art Amenities
With a 12.25-hectare Waterway Park that boasts water activities unlike most towns in Singapore, and Singapore’s first waterfront suburban shopping mall, the state of the art amenities that Punggol offers are not stopping there. In the future, the government plans to add a new shopping mall called Northshore Plaza, a town hub, and even a general hospital in Sengkang.
- Improved MRT Network
Punggol has been receiving a lot of flak for being out of the way for most Singaporeans. But with an improved MRT network connecting Punggol to the West and East Area by 2030, traveling times will be cut drastically making Punggol very accessible.
Punggol might still be a developing town but with exciting plans in the pipelines. The rest of Singapore are eagerly awaiting how modern the completed town will look like. For real estate investors looking to profit from rental in the long term, Punggol is truly a gem to look at for building an egg nest of future passive income.