The government recently in Jan 2018 announced the creation of the Punggol Digital District and the creation of 28,000 jobs between now and 2023.
This news is likely to get property investors up and about, much like the announcement of the High Speed Rail Terminus being at Jurong East a few years ago.
With the addition of that many jobs to the district, there will likely be demand for housing , especially if a portion of the 28,000 are expatriates and foreign workers.
Before plonking a couple of hundred thousand into a property in District 19 where Punggol is, let’s see how the area has fared in the past.
As at Jan 2018, 76 non-landed units were sold in the month at an average price of S$1,126 psf.
In comparison, prices one year ago in Jan 2017 were at S$952 psf.
Punggol non landed property …