Punggol Property Prices Jump 4.8% as Resale Flats Surge

Punggol resale and new-sale prices rose 4.8 percent in the second quarter of 2026 against the same three months in 2025, driven by steady demand for units near the waterway and Northshore developments.

Buyers have continued to favour Punggol even as global tensions in the Middle East and shifting supply chains affect broader sentiment. The quarter-on-quarter comparison matters because it shows whether the local market is holding its own without relying on last year’s post-pandemic rebound, and it gives families planning moves in the second half of 2026 a clearer benchmark for what they will pay.

Transactions along Punggol Waterway and near Oasis LRT station accounted for more than 180 units in the quarter, with many buyers citing proximity to the Punggol Town Hub community programmes and the upcoming Northshore Plaza retail addition. Several three-room flats in the 2010s-built blocks near the waterway changed hands at prices that reflected the year-earlier uplift, while new launches at Northshore Residences Phase 2 drew interest from households already living in the estate.

Transaction details and price points

Urban Redevelopment Authority data released this week show the average Punggol resale price reached S$1,185 per square foot in the April-June period, up from S$1,131 in the corresponding quarter last year. A five-room flat at Waterway View sold for S$780,000 in May, a 4.9 percent increase on the same unit type’s median price twelve months earlier. New-sale contracts at Northshore Plaza averaged S$1,420 per square foot, reflecting the premium for waterfront and park views.

Agents note that the number of caveats lodged in Punggol between April and June totalled 312, compared with 298 in the same stretch of 2025. Most activity centred on two- and three-room units priced between S$450,000 and S$620,000, a segment that continues to attract first-time buyers eligible for the Housing Board’s enhanced CPF housing grants.

Outlook for remaining months

Families considering a move should check the latest HDB resale price index release due in mid-August and compare it against their own financing limits before making offers. Those targeting Northshore or Waterway precincts may benefit from locking in view units now, as additional launches scheduled for the final quarter of 2026 are expected to carry higher average prices.

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.