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Punggol Dream is Still a Dream? To Be Used As Next GE Threat?

makapaaa

Alfrescian (Inf)
Asset
<TABLE cellSpacing=0 cellPadding=2 width=450 align=center border=0><TBODY><TR><TD vAlign=top colSpan=3>
ST_IMAGES_TREE1.jpg

<TR><TD width="33%">View all thumbnail</TD><TD class=georgia12 align=middle width="33%">Photo 1 of 3</TD><TD align=right width="33%">« Prev Next »</TD></TR><TR><TD vAlign=top colSpan=3>The makeover will include a 10km cycling trail along the 4.2km waterway, a 'heartwave' wall with a mini waterfall, and a pedestrian 'kelong-like' bridge. -- PHOTOS: COURTESY OF HDB
</TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 cellPadding=2 width=450 align=center border=0><TBODY><TR><TD vAlign=top colSpan=3>
ST_IMAGES_TREE2.jpg

<TR><TD width="33%">View all thumbnail</TD><TD class=georgia12 align=middle width="33%">Photo 2 of 3</TD><TD align=right width="33%">« Prev Next »</TD></TR><TR><TD vAlign=top colSpan=3>The makeover will include a 10km cycling trail along the 4.2km waterway, a 'heartwave' wall with a mini waterfall, and a pedestrian 'kelong-like' bridge. -- PHOTOS: COURTESY OF HDB
</TD></TR></TBODY></TABLE>
<TABLE cellSpacing=0 cellPadding=2 width=450 align=center border=0><TBODY><TR><TD vAlign=top colSpan=3>
ST_IMAGES_TREE3.jpg

<TR><TD width="33%">View all thumbnail</TD><TD class=georgia12 align=middle width="33%">Photo 3 of 3</TD><TD align=right width="33%">« Prev Next »</TD></TR><TR><TD vAlign=top colSpan=3>The makeover will include a 10km cycling trail along the 4.2km waterway, a 'heartwave' wall with a mini waterfall, and a pedestrian 'kelong-like' bridge. -- PHOTOS: COURTESY OF HDB
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THINK water and you will have a good idea of the main theme running through the winning design for an ambitious $25 million makeover for Punggol.

The blueprint revealed yesterday aims to revive the coastal town's heritage as a fishing village by capitalising on its maritime setting.
<TABLE width=200 align=left valign="top"><TBODY><TR><TD class=padr8><!-- Vodcast --><!-- Background Story --><STYLE type=text/css> #related .quote {background-color:#E7F7FF; padding:8px;margin:0px 0px 5px 0px;} #related .quote .headline {font-family: Verdana, Arial, Helvetica, sans-serif; font-size:10px;font-weight:bold; border-bottom:3px double #007BFF; color:#036; text-transform:uppercase; padding-bottom:5px;} #related .quote .text {font-size:11px;color:#036;padding:5px 0px;} </STYLE>HDB loan defaults expected to rise
THE number of defaults on HDB home loans is expected to increase if the economy 'goes down even further', said National Development Minister Mah Bow Tan yesterday.

'As we all expect, if there are further job losses, then inevitably there will be more arrears cases coming up,' he said at HDB Hub.


</TD></TR></TBODY></TABLE>There will be a 10km cycling trail in a rustic setting along the 4.2km waterway and a pedestrian 'kelong-like' bridge to recapture the old fishing days.
The waterway will also boast a coastal promenade and a host of water activities.
At the heart of the waterway in Punggol's town park will be a 'heartwave' wall boasting a mini waterfall.
Visuals on the wall will depict the history and development of Punggol from its early days to a 21st century town.
All this and more was unveiled yesterday by National Development Minister Mah Bow Tan at the HDB Hub, where he announced the winner of the Punggol Waterway Landscape design contest launched in May.
Local firm Surbana International Consultants and its partner, Japanese firm Sen Inc, beat 10 local firms. Merit prizes were awarded to Arc Studio Architecture + Urbanism and Co-Design Architects.
Mr Johnny Wong, HDB's deputy director of building research, said the Housing Board was won over by Surbana's concept of incorporating Punggol's unique identity into the waterway's landscape.
Construction will be completed by 2010.
Mr Mah said the Punggol project is on schedule 'and has been progressing steadily even during this economic downturn'.
Since August last year, the HDB has launched more than 5,000 flats under its build-to-order (BTO) projects in Punggol. BTO developments are built only when a certain demand is met.
The HDB plans to offer about 3,000 flats for sale annually in Punggol, subject to demand. And by the end of 2011, there will be about 23,000 flats completed.
Mr Mah said that even with the slowdown, he expects 'sufficient take-up for these flats' as people are still getting married and young families are being formed.
The HDB is targeting the sale of the first site - a mixed commercial and residential development - to the private sector in mid-2010.
Mr Mah said there will be a demand for such sites by private developers in new towns if there is a critical mass of people living there.
'The main thing is to make sure the town itself is well populated...then the commercial developers will find it worthwhile,' he said.
Mr Mah also said that Punggol flats will remain affordable for all income groups.
About 500 rental units are being built, and about 550 of the 5,000 Punggol flats launched recently were two- and three- room flats, which cater to lower-income families. The rest will be four- and five-room flats.
Mr Mah also launched a separate design competition for Punggol's Waterfront public housing yesterday.
Architects can design a masterplan for a 26.6ha housing district west of Punggol's town centre. Shortlisted firms will go on to design in more detail a 4.9ha site along the Punggol Waterway.
The HDB plans to offer these waterfront homes by mid-2010. [email protected]
 

vamjok

Alfrescian
Loyal
this project since i was in secondary school they were talking about it. now its still a vision ....a dream...
 

Kuailan

Alfrescian
Loyal
Umpting years ago our Big shot does a very impressive Power Point presentation on National Day of what's coming to Ponggol, everyone clap clap......till today echo of the clap clap still ringing my ears...but no progress at Ponggol perhap after another 2 erection Ponggol will still remain Ponggol.

No walk way, no cycling track, no fishing and recreation area for the family , it's only building castle in the Air??? Lip service only..:confused::confused:
 

zhihau

Super Moderator
SuperMod
Asset
That is one of the instruments to increase the HDB prices.

200K+ for a 4-room flat in Punggol is affordable or not? :confused:

-20% deposit, left 160K+, 2.75% p/a interests over 30 years is 132K+, total is 292K+ over 360 months giving 0.8K/month.

whoa... cannot kena retrenchment... :eek::eek::eek:
 
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