Executive Condominium / 99-year Leasehold
Sumang Walk / D19
0 - 0 Bedroom
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, named as Piermont Grand.
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.
Piermont Grand EC 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.
The site is easily accessible via the Tampines Expressway TPE. It is 25 mins drive away to the Central Business District (CBD) via KPE or CTE. The latest attraction Jewel 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.
Residents will enjoy the new amenities at the upcoming Punggol Town Hub and Punggol Regional Sport Centre which will feature a regional library, hawker centre and community club. 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 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.
The new Punggol Regional Sport Centre will house a swimming complex and a range of sports facilities just next door to SAFRA Punggol.
Residents 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 Piermont Grand EC in Sumang Walk Punggol is highly desirable?
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 developments at Sumang Walk, making it Very Sellable and Rentable in the future.
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 Punggol 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.
Punggol Digital District will be highly accessible with the North-East Line extension to Punggol Coast MRT station. New amenities include a hawker centre, community club and bus interchange.
Upcoming Malls, Educational Institutes, Amenities and Lifestyle arenas makes the new developments 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.
See Also Latest New Launch Condominium available: Parc Botannia, Riverfront Residences, Affinity At Serangoon, Jui Residences, Park Colonial, Forest Woods, The Tre Ver, Stirling Residences, 33 Residences, Casa Al Mare, The Jovell. The Tapestry, Grandeur Park Residences, Margaret Ville, Kingsford Waterbay, JadeScape, Kent Ridge Hill Residences, Parc Esta, Treasure at Tampines, The Florence Residences
|Project Name:||Piermont Grand EC|
|Project Type:||Executive Condominium|
|Site Area:||291,235 sqft|
|Summary of Development:||PROPOSED ERECTION OF EXECUTIVE CONDOMINIUM DEVELOPMENT COMPRISING 2 BLOCKS OF 18-STOREY, 6 BLOCKS OF 17-STOREY, 3 BLOCKS OF 16/17-STOREY AND 2 BLOCKS OF 9/10-STOREY (TOTAL: 820 UNITS) WITH 1 LEVEL OF BASEMENT CARPARK, TENNIS COURT, SWIMMING POOL, LANDSCAPE DECK, CLUBHOUSE & COMMUNAL FACILITIES ON LOT 2886N MK 21 AT SUMANG WALK (PUNGGOL PLANNING AREA)|
|Unit Type||Sold||Available||Total||Low Price||High Price||Avg PSF|
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