Prices · Punggol · Punggol Place
Block 306C Punggol Place
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What this block is
| Address | Block 306C Punggol Place, Punggol |
| Flat types here | 3-room, 4-room, 5-room — on the evidence of 39 sales since March 2017, so a type that has never been resold here will not appear |
| Unit sizes | 3-room about 721 sq ft, 4-room about 1,033 sq ft, 5-room about 1,582 sq ft (721 to 1,582 sq ft across the block) |
| Lease | 99 years from 2012, expiring 2111 — 85 years left |
| Floors that have sold | 1 to 18, so the block stands at least 18 storeys |
| Flat models | Premium Apartment, Premium Apartment Loft |
| Town and district | Punggol |
| Compare it with | the rest of Punggol Place, 4-room flats across Punggol |
Two things this page deliberately does not have. There is no floor plan: the resale register carries none, and drawing one from the median floor area would be an invention. And there is no nearest station, for the same reason — no rail data is published here, so the distance would be guessed. What is near this block, measured rather than assumed, is the food: hawker centres within a walk.
What a flat here really costs each month
Bought at the median price, a flat in this block works out at $1,398 for every month of the 85 years its lease still has to run. That figure takes in the price itself, both stamp duties, legal and valuation fees, the whole of the mortgage interest and the running costs for as long as the lease lasts.
It is a different question from the monthly instalment, which stops after 25 years while the lease carries on being used up.
| Cash needed up front | $218,140 |
| Mortgage interest over 25 years | $249,777 |
| Running costs over the remaining lease | $367,200 |
| Total over the lease | $1,426,117 |
| Monthly while repaying | $3,163 |
| Monthly once repaid | $360 |
Assumes a Singapore citizen buying a first home with a 75 per cent loan at 3 per cent over 25 years, $2,500 in legal fees, $400 for valuation, $1,200 a year in property tax and $260 a month for conservancy, upkeep and insurance. Change any of these. Figures are not discounted: a dollar paid in the final year of the lease is counted the same as a dollar paid today. Opportunity cost, CPF accrued interest and any resale value are excluded.
The median above is based on just three sales, which is too few to call a market rate.
By flat type
| Type | Median | Range | Size | psf | Sales |
|---|---|---|---|---|---|
| 3-room | $439,000 | $380,000–$530,000 | 721 sq ft | 599 | 6 |
| 4-room | $540,000 | $450,000–$788,000 | 1,033 sq ft | 525 | 32 |
| 5-room | $1,218,888 | $1,218,888–$1,218,888 | 1,582 sq ft | 770 | 1 |
By floor
Measured inside a block, where the address, the age and the lease are all held still, a storey is worth about 0.63 per cent of the price per square foot — so the difference between the second floor and the twentieth is roughly 11 per cent, not the 2.1 times the market-wide storey bands appear to show. Why those bands mislead.
| 01 to 03 | $482,500 | 475 psf | 2 |
| 04 to 06 | $547,500 | 579 psf | 10 |
| 07 to 09 | $524,000 | 594 psf | 10 |
| 10 to 12 | $590,000 | 604 psf | 6 |
| 13 to 15 | $540,000 | 517 psf | 9 |
| 16 to 18 | $874,444 | 639 psf | 2 |
Year by year
| 2017 | $479,000 | 512 psf | nine sales |
| 2018 | $507,500 | 506 psf | six sales |
| 2019 | $520,000 | 498 psf | three sales |
| 2020 | $540,000 | 520 psf | two sales |
| 2021 | $565,000 | 553 psf | three sales |
| 2022 | $564,444 | 614 psf | six sales |
| 2023 | $735,000 | 704 psf | one sale |
| 2024 | $699,000 | 707 psf | four sales |
| 2025 | $704,500 | 675 psf | two sales |
| 2026 | $788,000 | 755 psf | three sales |
39 transactions in all, from March 2017 to April 2026. The flat models recorded here are Premium Apartment, Premium Apartment Loft.