A Treasure Trove Review — Punggol · D18
PI Score: 91/100 — Damn Huat!
Is A Treasure Trove a good buy?
PI Score rates A Treasure Trove 91/100 — a "Damn Huat!" verdict. That makes it a confident buy for value-focused buyers comfortable with the location tradeoff and patient own-stay owners. Strongest card: Both anchors locked in. Main watch-out: District price gap is wide. Pricing is reasonable for the location at current market.
Last updated 2026-08-03 · scored against URA caveat data.
Key facts
- Verdict: Damn Huat!
- Region: Outside Central Region
- Tenure: 99-yr leasehold
- Completed: 2015
- Units: 882
- Developer: Sim Lian Group
- Avg PSF: ~$1,000 psf
- Price from: S$0.65M
Live market data
- Resale transactions (12mo): 37
- Recent resale PSF: ~$1,610 psf
- Gross rental yield: 3.3%
What works in its favour
- Both anchors locked in: 247m to VALOUR PRIMARY SCHOOL and 248m (~3-min walk) to Punggol MRT (Exit D). Strictly within the P1 1km zone, plus walkable to the nearest MRT entrance. This is the non-negotiable demand anchor — kiasu parents AND yield-chasing investors are both your buyers.
- Healthy transaction liquidity: 37 resale transactions in the past 12 months — wide exit pool, easier to price-discover.
- Deep future upgrader pool: Live count: 29 HDB blocks within 2km cross the 5-year MOP between 2025 and 2028 (of 1025 HDB blocks total within 2km), and 1 nearby BTO (incl. Punggol Oct 2026 BTO, ~2031) add a fresh upgrader wave from ~2036. These upgraders are your most natural buyers when you exit.
- Tight new-launch competition: Only 1 active private launch in your district — scarcity supports resale liquidity and pricing.
What to watch out for
- District price gap is wide: New launch PSF is +30% above the 5–10 year resale median in Serangoon Gardens / Hougang / Punggol. Market needs ~6 years of growth to match the entry price.
Who A Treasure Trove suits
- Value-focused buyers comfortable with the location tradeoff
- Own-stay buyers or patient long-term investors not dependent on yield
- Buyers who value a stable, established neighbourhood over speculative upside
Who should look elsewhere
- Buyers hunting deep relative value — the market has already priced in most of the story
- Short-term flippers — stamp duty + agent fees demand a 5-year minimum hold
- Buyers wanting a guaranteed top-tier primary within 1km walking distance
Huat Kueh says
Top 9% of D19 by resale volume. Buyers always got. Location is the trade-off — save on price, pay in travel.
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