Before Tengah, Punggol was known as the young and happening residential estate. It attracted many young couples and families to call it home, with the vast expanse of BTO flats that made up the estate. Since the beginning of its transformation in the early 2010s, Punggol today is a large, densely populated and vibrant housing district, offering thousands of housing options such as HDB flats and condos, along with plenty of amenities to boot.
Speaking of HDB flats, Punggol has certainly seen some remarkable price action in recent years. For instance, in December last year, we wrote about how newly MOP-ed 5-room flats located at Sumang Walk in Punggol were being sold for close to a million, netting their owners over 100% profit. And in 2023, certain loft units were sold for over $1.2M, setting the record then as the first flats in a non-mature estate ever sold for over a million.
Well, as far as setting records go, it looks like another one has just been broken. In Punggol, a 4-room flat was sold last month for an all-time high of $835K, setting the record for the most expensive 4-room flat in the estate.
4-room HDB flat at 272D Punggol Walk sold for $835,000
Image credit: HDB
Based on data from the HDB’s Resale Price Portal, the flat is a 92sqm (990sqft) 4-room unit located between the 13th and 15th storeys of Blk 272D Punggol Walk. Completed in 2014, it has a remaining lease of over 87 years, which is a healthy balance and suggests it was likely sold by the original owners.
At $835K, the average transaction price for the flat translates to about $843 per square foot (psf).
Image credit: HDB
Based on recent top resale transactions of 4-room flats in Punggol over the past six months, prices have generally exceeded $800K—not just in Punggol Walk, but also in nearby estates such as Punggol Place, Punggol Drive, and Punggol Field. In fact, there have been 14 transactions where 4-room flats were sold for $800K and above during this period.
Before the $835K flat was sold, the previous record was held by a similar 4-room unit at the adjacent Blk 271B Punggol Walk, which was sold for $830K. It was also located between the 13th and 15th storeys and had just over 88 years of lease remaining.
To put this price tag in perspective, consider this: in just the first week of August alone, there were six 5-room flat transactions in Punggol—five of which were sold at a lower price than this $835K 4-room flat.
Popularity of Punggol flats
Image credit: Google Maps
One of the key selling points of Punggol flats is undoubtedly their age. As a relatively young housing estate, most of its flats have a healthy remaining lease, with some in the high 70s and many in the high 80s.
In contrast, it’s harder to come across such young HDB projects in more mature estates across Singapore. When they do exist, these newer developments are often built farther from the estate’s centre, as they’re typically the latest additions to older neighbourhoods.
Newer HDB blocks also tend to have fewer wear and tear issues in common areas like the void deck, lift landings, and even the lifts themselves—definitely a plus for homeowners.
Another reason for Punggol’s popularity is that it’s well-stocked with amenities for residents, supported by a robust public transport network of bus services and an LRT system. You can think of Punggol as a ‘self-contained’ estate, where residents have easy access to everything they need for daily living within the neighbourhood itself.
Close to main transport hub of Punggol
Image credit: Google Maps
Specifically for Blk 272D, the flat is conveniently located just a 5-minute walk from Punggol MRT station. The station currently sits on the North-East Line and is set to become an interchange with the upcoming Cross Island Line. It’s also connected to a bus interchange and Waterway Point, a large shopping mall with a wide selection of retail outlets and dining options.
As always, the availability of primary schools within a 1km radius of an HDB block is a key consideration for families. Several schools fall within this all-important range for Blk 272D, including Compassvale Primary, Edgefield Primary, Punggol Cove Primary, Punggol Green Primary, Punggol View Primary, and Valour Primary—further highlighting Punggol’s dense and family-friendly planning.
Punggol itself has also seen major upgrades in recent years. For instance, the new Punggol Digital District—a next-generation business park focusing on tech sectors like cybersecurity, artificial intelligence, robotics, and fintech—is steadily taking shape. The Singapore Institute of Technology (SIT) is relocating its campus there, alongside major organisations such as OCBC, UOB, and the Cyber Security Agency of Singapore, which are either relocating to or establishing offices in the area. This transformation is set to boost demand for homes nearby, offering long-term value for existing homeowners in Punggol.
Available Punggol Walk units in the market
If you’re interested in exploring housing options in Punggol, here are two 4-room units currently listed for sale, located near Blk 272D.
271D Punggol Walk – $700,000
Image credit: PropertyGuru
A similar-sized 4-room flat at Blk 271D Punggol Walk, located just next to Blk 272D, is currently listed online for $700,000, translating to about $707 psf, which is cheaper than the $835K unit. The flat is advertised as a corner unit on the middle floors.
259B Punggol Field – $699,999
Image credit: 99.co
Located just two streets further away from Blk 272D is a 4-room flat located at Blk 259B Punggol Field, currently listed for $699,999 which is about $699 psf. At 1,001 sq ft, it is slightly larger than our $835K flat, and also sits on a high floor with unblocked views and no West sun.
Even though it is further away from the main Punggol MRT and Waterway Point cluster, you can easily just catch a short bus ride to the MRT station, or take the LRT for one stop from the nearby Soo Teck LRT station there.
The possibility of $1M 4-room flats in Punggol
In recent times, we’ve seen how popular 4-room flats are among homebuyers. They’re essentially the right size for the average family unit of two adults and two children, and when located in a well-developed estate with good school options nearby, they offer a compelling mix of value and affordability.
With HDB prices on the rise—and as Punggol continues to transform and bring even more value to its residents—we may well see the estate’s very first million-dollar 4-room flat in the not-too-distant future.
Read more about Punggol:
- Punggol Waterfront 5-Room Flats Sell For Close To A Million Dollars Following MOP
- HDB Loft In Punggol Is A Rare Steal At $1.55M━Only 14 Left In SG, With A Private Terrace
- Inside A $60K Shipping Container-Inspired 5-room Punggol BTO Renovation
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