In his National Day Rally speech on 19 August 2007, Prime Minister Lee Hsien Loong offered a new vision for Punggol New Town, and introduced the "Punggol 21-plus" plan to re-vitalise the town.

Under the new plan, Sungei Punggol and Sungei Serangoon, which flank the town, will be dammed up to create a freshwater lake and serve as a reservoir.
A 4.2-kilometre long, 20-30-metre wide man-made waterway will run through the estate, linking both rivers.
Work on it will start in 2009, and had been completed on 26 October 2011.
When built, there will be recreational facilities like water sports for kayaking and canoeing, gardens and parks with jogging and cycling tracks, rooftop gardens, eateries for al fresco dining and a floating island.

The "Punggol 21-plus" project involves 18,000 new HDB and private flats, and about 3,000 new flats will be built in Punggol New Town every year.
Punggol New Town is projected to have 96,000 units when fully developed in the long term.
Waterfront housing will have stepped courtyards.
There will be a promenade on the northern sea front, stretching about 8.7 km.
An integrated waterfront commercial and residential development has also been planned at the town centre, which will be built on both banks of the waterway.
The site for this project was put up for sale and named Waterway Point with condominium – Watertown.
There will also be other facilities within the town centre, which includes a community club, regional library and hawker centre in the future.

Punggol Central will be converted into a tree-lined boulevard with landscaping.
Coney Island, on the other hand, was opened to the public in 2015.
In his National Day Rally speech on 19 August 2007, Prime Minister Lee Hsien Loong offered a new vision for Punggol New Town, and introduced the "Punggol 21-plus" plan to re-vitalise the town.
Under the new plan, Sungei Punggol and Sungei Serangoon, which flank the town, will be dammed up to create a freshwater lake and serve as a reservoir. A 4.2-kilometre long, 20-30-metre wide man-made waterway will run through the estate, linking both rivers. Work on it will start in 2009, and had been completed on 26 October 2011. When built, there will be recreational facilities like water sports for kayaking and canoeing, gardens and parks with jogging and cycling tracks, rooftop gardens, eateries for al fresco dining and a floating island.
The "Punggol 21-plus" project involves 18,000 new HDB and private flats, and about 3,000 new flats will be built in Punggol New Town every year. Punggol New Town is projected to have 96,000 units when fully developed in the long term. Waterfront housing will have stepped courtyards. There will be a promenade on the northern sea front, stretching about 8.7 km. An integrated waterfront commercial and residential development has also been planned at the town centre, which will be built on both banks of the waterway. The site for this project was put up for sale and named Waterway Point with condominium – Watertown. There will also be other facilities within the town centre, which includes a community club, regional library and hawker centre in the future.
Punggol Central will be converted into a tree-lined boulevard with landscaping. Coney Island, on the other hand, was opened to the public in 2015.
Punggol