property
Punggol Resale Prices Track 2021 Boom Path as Demand Holds Steady
Four-room flat medians have climbed in line with the 2021 surge, driven by buyers seeking units near established transport nodes.
How we reported this
Punggol four-room resale flats posted a median price of S$682,000 in the second quarter of 2026, a level that matches the pace of gains recorded during the 2021 boom cycle when the same unit type averaged S$548,000.
Why the Parallel Matters Now
The comparison stands out because 2021 saw quick post-circuit-breaker demand that lifted prices across new towns before cooling measures took effect. Current transaction volumes in Punggol have held above 180 units per month since March, a rate last seen in late 2021, even as global events create uncertainty elsewhere. Buyers are locking in units before any fresh cooling steps, repeating the rush that defined the earlier cycle.
Transactions have concentrated along Punggol East and near the Punggol Waterway Park, where two recent four-room sales at Punggol Edge and Northshore Plaza cleared above S$700,000. The pattern echoes 2021, when waterfront and park-adjacent blocks led the price ladder. HDB’s ongoing Northshore Plaza upgrading works, due for completion in 2027, have added to the draw for families who want immediate access to the upgraded community facilities.
Evidence From Recent Sales
URA flash data released on 3 July showed Punggol private condo median prices at S$1,850 per square foot, up 11 percent from the same quarter in 2021. A three-bedroom unit at Waterway Point Residences sold on 28 June for S$1.62 million, a figure that sits 9 percent above the 2021 median for the same block type. These numbers line up with the earlier boom’s trajectory before additional buyer stamp duties were introduced in December 2021.
Agents expect the next three months to test whether prices hold or ease if fresh supply from the Punggol Digital District launches reach the market. Prospective buyers should check recent caveats on the URA website and compare against the 2021 cooling timeline before committing, especially for units above the current Punggol median. Those already in the queue are advised to complete financing checks early to avoid the delays that slowed some 2021 deals.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.