Punggol potential revealed after studies revealed that around thirty percent of HDB households have monthly income greater than $9000

Property developers believe that Punggol has the potential for private residential development after a new study revealed that around 30 percent of HDB households in the area have a monthly income of S$9,000 or above. Compared with the national average of the other HDB estates, this is four percentage points higher. Research shows that Pasir Ris has the highest number of HDB households earning over S$9,000 per month at 35 percent. Although Punggol is a relatively new estate, it has the largest number of households with university education, which explains the interest of developers in the estate. With their higher income, developers believe that Punggol residents can afford private property. Moreover, 97 percent of HDB residents in Punggol live in four-room or larger units.