S$144.6m contract awarded for Punggol redevelopment

SINGAPORE: The Housing and Development Board (HDB) has awarded a S$144.6 million contract to Koh Brothers Building and Civil Engineering Contractor to develop Punggol estate into a premier waterfront town. Plans to revamp Punggol were announced by Prime Minister Lee Hsien Loong at the National Day Rally in August 2007. They include the construction of a 4.2-kilometre waterway which will be connected to Sungei Punggol. Construction of the waterway is scheduled to start in February and complete by the fourth quarter of 2010. Residents in Punggol can look forward to various recreational activities that range from water sports to walks on landscaped promenades along the banks of the waterway. More than 4,000 public flats have already been launched in Punggol. By end-2011, there will be about 23,000 completed flats in the estate. In the longer term, another 21,000 units of public and private housing will be built along the waterway for residents to enjoy waterfront housing in Singapore's latest town.