weng
High Supremacy Member
- Joined
- Jan 1, 2000
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I am new here and like to share some personal thoughts from a non-agent perspective, which unfortunately could appear a bit unfavourable and less optimistic:
1. Far far away from the one and probably only one renowned neighbourhood primary school in Punggol (guess you know which one). But, close to some upcoming and brand-new schools.
2. Far away from major public transport hub - Punggol MRT and bus interchange, and commercial hub - waterway point, and Punggol policlinic. But close to LRT, and within walking distance to those hubs (pray for no rain and one can tolerate heat temperature for 20+ min walk in the morning)
3. Far away from the existing food court/hawker centre/wet market,...
4. Far away from existing KPE entrance, but close to TPE and CTE entrance
5. No so-called sea or waterfront view, but indeed waterway view with 10-meter wide.
6. All surrounded by HDB blocks within very close proximity and very busy main roads
7. Good to have the future pipeline of SIT uni and business park and so on, but, presumably and realistically, most students will be local who don't need to rent a room nearby and local employees. Even for foreign employees, Punggol is sure to have more than sufficient HDB rooms to rent at a much cheaper price with easy accessibility to the business park.
8. Beware of the new HDB rules that one can not even apply for new HDB flat (including EC) within their MOP, meaning demand from new BTO upgraders within the last 4-5 years will be largely dented.
9. For others meeting MOP requirement, it's always helpful to guess how many have already moved in all Punggol ECs in the last 5-10 years. Would they further consider upgrading from old EC to new EC?
10. Nonetheless, still, some will be keen to upgrade for sure.
11. Given the 14000 income ceiling, the 30% MSR, and 25% downpayment, as well as the gloomier SG economy and employment outlook, how much average households can afford or dare to afford (both downpayment and monthly instalment).
12. About HDB resale market, no need to mention too much about how challenging it is now to fetch a fairly good price as a major means to pay EC downpayment for most BTO upgraders. That means you really need to consume quite a bit your savings to buy EC.
A bit of thought so far for further discussions.
imo subjective really... maybe many pple are pampered nowadays, as long as it’s not fully sheltered right at the doorstep, it’s considered far liao.
Regarding distance, it’s not that daunting actually. If you see the map, only need to cross one estate (waterway terraces) and it’s all sheltered. The only exposure is the initial crossing of the road from the ec and final crossing to waterway point. Should not take 20mins unless really like couple strolling on beach pace lol... Otherwise can take lrt 2 stops.
For KPE... there is TPE. It’s just going past punggol and exit liao. Or take punggol dr all the way to the new interchange to get to KPE. Very fast. I take that route everyday... tracking back along punggol way and turn to safra and onto punggol dr instead of punggol way straight to TPE.
For food, not that bad la. There are some shophouses at the hdb right opposite.