The Nautilus @ Punggol is a Standard contract offering a total of 519 flats. The flat supply comprises 413 units of 4-room flats and 106 units of 5-room flats.
Situated at the junction of Punggol East and Punggol Field, The Nautilus @ Punggol is conveniently served by two LRT stations, the Riviera and Coral Edge. Located next to the precinct is Punggol Plaza, where a mix of a supermarket, food court and other commercial shops cater to the daily needs of residents. Various educational institutions such as Mee Toh School, Greendale Primary School and Greendale Secondary School are also located nearby. Tampines Expressway is just a short drive away.
Pricing of New Flats at The Nautilus @ Punggol
The prices of flats at The Nautilus @ Punggol range from $228,000 to $274,000 for 4-room flats, and from $305,000 to $357,000 for 5-room flats. These prices are below those of similar flats in the market so that they are affordable to first-time flat buyers. Pricing details and resale comparables are in Table 1 of Annex 1.
The price ranges for The Nautilus @ Punggol are lower compared to recent BTO launches in Punggol, i.e. Punggol Arcadia and Punggol Regalia, mainly because of the differences in design and other flat attributes. Punggol Arcadia and Punggol Regalia are Premium projects with enhanced architectural designs and better internal finishes, while The Nautilus @ Punggol is a Standard project with more basic features. Size of the flats and location also contributed to the lower prices of The Nautilus @ Punggol. The 4-room flats in The Nautilus @ Punggol are 4 m² to 5 m² smaller than those in Punggol Arcadia. In addition, The Nautilus @ Punggol is further from the Town Centre and main transportation nodes compared with the Punggol Arcadia and Punggol Regalia.
Additional CPF Housing Grant & Affordability
Besides enjoying a generous market subsidy on the selling price, eligible first-timers whose average monthly household income is $5,000 or less can also qualify for an Additional CPF Housing Grant (AHG) of up to $40,000. The AHG can be used to offset the initial downpayment.
Based on the income of flat applicants in 4Q2008, an applicant for The Nautilus @ Punggol whose income is at the median level will not need to fork out cash to meet their monthly housing commitments. For example, a family with a total household income of $4,300 buying a 4-room unit priced at $250,000 will need to pay a monthly mortgage instalment of about $901. This can be fully paid using their monthly CPF contributions.
Further details on the affordability of flats can be found in Table 2 of Annex 1. HDB will continue to offer flats of different flat sizes, design types and in different locations to cater to the different needs and budgets of flat buyers.
Application Procedures and Enquiries
Applications for the new flats can be submitted online from 26 Mar 2009 (Thurs) to 8 Apr 2009 (Wed). More information on the development and details of the application procedures can be found at Annexes 2 and 3.
For enquiries, the public can:
- E-mail email@example.com;
- Call the Sales/Resale Customer Service Line at 1800-866 3066 on Mon to Fri from 8 am to 5 pm; or
- Visit the HDB Sales Office to speak with our Customer Service Officers during office hours (Mon to Fri 8am to 5pm, Saturday 8am to 1pm).
- Location: Habitat Forum, BizFour, 3rd Storey, HDB Hub
- Exhibition period: 26 Mar 2009 (Thurs) to 8 Apr 2009 (Wed)
- Opening hours: 8 am to 5 pm (Weekdays) 8 am to 1 pm (Saturday)
- Closed on Public Holidays and Sundays
You can find out more about Nautilus@Punggol here at HDB.