New EC at Punggol Sumang Walk


Executive Condominium / 99-year Leasehold

Sumang Walk / D19

0 - 0 Bedroom


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New EC at Punggol Sumang Walk

New EC at Punggol Sumang Walk | Project Description

The joint venture between City Development (CDL) and TID Residential won the land bid among 17 Developers for a latest Executive Condo (EC) site in Sumang Walk in Punggol.  

The top bid of S$509.37 million works out to a record S$583 per square foot per plot ratio (psf ppr). The breakeven cost is expected to be above $1000 psf. Developer is confident of its success given its excellent location and desirable attributes. Punggol, slated to be Singapore's first Digital District, has an exciting future and the site will be very compelling to home buyers.

Due to a 15 months waiting period for developers to launch the new ECs development after acquired the new EC site, the new EC is expected to launch in 2nd half 2019.

The new Executive Condominium land parcel is located between Sumang Walk and Punggol Way, perpendicular to Sumang Link. It is sited at site area of 27,056.4 sqm with a plot ratio of 3.0, estimated to build maximum of 820 residential units. The sizable land area will allow for generous landscaping.

The development will comprise 13 blocks of 10 to 17 storeys. All windows will be oriented towards Punggol Reservoir and My Waterway@Punggol to maximize the scenic views.

It is easily accessible via the Tampines Expressway TPE. It is 25 mins drive away to the Central Business District (CBD) via KPE or CTE. Changi Airport is 20 mins drive away.

The Punggol MRT station, integrated with the Punggol LRT network, is just a short distance away. The Punggol bus interchange is next to the MRT station.

There are many amenities, eateries and parks in the vicinity, such as My Waterway@Punggol, a good number of supermarkets and eateries.

Situated just two streets away, The Waterway Point Shopping Centre, a major shopping mall located next to the Punggol MRT station is Punggol’s first integrated waterfront residential and retail development. 

It is integrated with a town square and a visitors’ centre where interested visitors can discover more about Punggol’s heritage. It is also the first suburban late-night shopping mall, complete with alfresco dining and entertainment by the waterfront. Fair-Price Finest supermarket, Shaw Theatres, a huge childcare centre are among the many anchor tenants of the mall.

The SAFRA Punggol Clubhouse offer more clubhouse, sports facilities and F&B restaurants. The Marina Country Club, the only private country club open to the public is just a little up north.

Residence will enjoy active lifestyle in this neighbourhood. Sports buffs will enjoy jogging and cycling along the path at the Punggol Park Connector. For families young and old, they will enjoy the facilities at Punggol Waterway Park. It comes complete with a boardwalk, a footbridge and a water playground for families with young children.

There are many good choices of schools readily available in the vicinity. Primary schools are aplenty and include names such as Anchor Green Primary School, Compassvale Primary School, Edgefield Primary School, Greendale Primary School, Horizon Primary School, Mee Toh School,, Nan Chiau Primary School, Rivervale Primary School, Punggol View Primary School and Oasis Primary School.

Secondary schools include Compassvale Secondary School, Edgefield Seconday School, Greendale Secondary School, Nan Chiau High School, Punggol Secondary School and CHIJ Saint Joseph’s Convent.

Why Sumang Walk EC?

Owners get to enjoy huge savings at different time intervals through the transformation which will help in capital appreciation when Punggol Digital District, Learning Corridor along the North Coast Innovation Corridor, transit through the different phases of transformation. 

The Digital District will house technology firms involved in key growth fields such as cyber-security, as well as fostering industry-academia collaboration at the new Singapore Institute of Technology (SIT) Campus. It will provide a space for innovative new industries and introduce new jobs and opportunities that will engage and excite.

Huge Influx of Workforce and Foreign Talent increases the value of new EC at Sumang Walk, making it Very Sellable and Rentable in the future.

Connectivity

Through better Infrastructure, travelling time to other parts of the island will now be shortened making Travelling an Ease.

The Cross Island Line (CRL), which will also commence operations around 2030, will connect many areas in the North East, including Ang Mo Kio and Punggol, to the eastern and western parts of Singapore.

The North South Corridor (NSC), to be completed by 2026, will significantly reduce journey times from the North East to the CBD, while the Punggol Semi-Expressway will increase east-west connectivity within the region. In addition, localised road improvements will be implemented to improve traffic flow and shorten journey times.

Education and Amenities

The Digital District will be created by extending the existing Punggol Town Centre towards the waterfront, and developed as a mixed-use district comprising commercial and business park uses, alongside the new Singapore Institute of Technology (SIT) campus. 

Upcoming Malls, Educational Institutes, Amenities and Lifestyle arenas makes the new EC a holisitc living environment where Live, Work, Play can be realised within Punggol. 

Unique lifestyle and environment

The Punggol Digital District is also planned with the larger Punggol community in mind, providing an attractive work, learn and play environment. A new hawker centre, community club and childcare facilities will be located within the district. Along the waterfront, an active and lively Market Village will be planned with retail, dining and leisure options for workers, residents and students to relax and unwind. 

Upcoming new EC includes EC at Sumang Walk Punggol (expected sales launch 2nd Half 2019), EC at Canberra LinkEC at Tampines Ave 10 and EC at Anchorvale Crescent.(expected Sales launch 1st Half 2020)

See Also Latest New Launch Condominium available: Parc BotanniaRiverfront ResidencesAffinity At SerangoonJui ResidencesPark Colonial Forest WoodsThe Tre VerStirling Residences33 ResidencesCasa Al MareThe JovellThe TapestryGrandeur Park ResidencesMargaret VilleKingsford WaterbayJadeScapeKent Ridge Hill ResidencesParc Esta


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New EC at Punggol Sumang Walk | Project Details

Project Name: New EC at Punggol Sumang Walk
Project Type: Executive Condominium
Developer: CDL
Address: Sumang Walk
District: D19
Site Area: 291,219 sqft
Plot Ratio: 3
Tenure: 99-year Leasehold

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New EC at Punggol Sumang Walk | Unit Types

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New EC at Punggol Sumang Walk | Project Location Map

New EC at Punggol Sumang Walk Map

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