Piermont Grand EC @Sumang Walk by CDL – Near Punggol Digital District

Piermont Grand EC @Sumang Walk will be the only EC 2019, expected to launch from 12 July 2019. In this review, I will show you some facts and analysis. Please follow Quick Links or feel free to contact us for latest movement or register your interest.

*At the point of writing, I just call it Sumang Walk EC or Sumang EC in this post since CDL has not announced its formal name.
**Updated in Apr 2019 - The EC @Sumang Walk is named as Piermont Grand 星水嘉园.

Piermont Grand logo

Piermont Grand EC @Sumang Walk Overview

The one and only EC launch in 2019 is coming soon. Jointly developed by renowned CDL and TID, Piermont Grand (aka Sumang Walk EC) is located at Sumang Walk, along Punggol Waterway and a stone’s throw away from Punggol MRT/LRT/Waterway Point.

For up-to-date information such as price and floor plan, please visit & bookmark the designated website @Piermont Grand EC.

For other upcoming EC, click below:

Summary of Executive Condominium (EC) in 2019 and 2020

Reasons why you should consider Piermont Grand EC

1. Piermont Grand EC @Sumang Walk is located at the heart of upcoming Punggol Digital District, a vision of Singapore’s Smart Nation effort, from 2023.

2. Piermont Grand EC is within walking distance to Punggol Waterway Point Mall & Punggol MRT.

3. Residents get to enjoy a vibrant living environment with 4.2km long waterway offering greenery, promenades and various outdoor activities.

4. It is the only EC new launch in 2019, a definite investment for people who desires living in private apartment at the same time enjoy huge potential upside when MOP.

*This section will be updated when more information about Piermont Grand EC @Sumang Walk becomes available.

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Location

Site Plan

Piermont Grand Site Plan
Sumang Walk EC Showflat in construction

The expansive 291,235 square feet (sq ft) Sumang site has a plot ratio of 3.0.

According to CDL group CEO Mr Sherman Kwek,

Punggol, slated to be singapore’s first digital district, has an exciting future and we believe this will make the site very compelling to home buyers. It is also very close to LRT and MRT stations as well as a bus interchange, which is hard to come by for an EC project. Being right next to my Waterway@Punggol, the site also offers the opportunity to create a landmark waterfront residence with pleasant views.

To maximise the scenic views, CDL will orient windows towards Punggol Reservoir and My Waterway@Punggol. The sizable land area will also allow for generous landscaping.

Below - Piermont Grand EC showflat is under construction.

Waterway HDB Opposite to Sumang Walk EC

Opposite to the upcoming Piermont Grand EC @Sumang Walk, there are 3 blocks of HDB as part of Waterway Cascadia - 316A, 316B, and 316C. Each block has 3 different heights, 8, 13, and 18 storeys. Since Piermont Grand EC is going to have 9 to 18 storeys, the blocks in the middle of the Sumang site & above 7th floor will have better view than the rest, whereas some blocks will be facing the 18-storey HDB.

Project Details

Project Details Piermont Grand EC @Sumang Walk
Location Sumang Walk in Punggol
District 19
Developer Pavo Properties Pte Ltd ( JV by CDL Constellation Pte Ltd and TID Residential Pte Ltd)
Site Area 291, 235 sq ft / 27,057 sqm
Architect P&T Consultants Pte Ltd
No. of Blocks 13 blocks
No. of Storeys 9 to 18 storeys
Payment Scheme Normal Progressive
Site Use Residential Flat Development
Tenure 99 years leasehold effective from 4 Jun 2018
Total No. of Units 820 Units
No. of Car Park Lots Basement carpark - 820 + 6 handicapped lots
Expected Date of TOP Est. Feb 2023
Expected Date of Legal Completion Est. Feb 2026
Security 24 Hours Security Guard

Piermont Grand EC @Sumang Walk Price, Unit Types, Sizes

Total820

Bedroom Type No of Units Size Price
3 BEDROOM 247 840 - 990 sqft / 78 - 92 sqm
3 BEDROOM SUPERIOR 109 904 - 1044 sqft / 84 - 97 sqm
3 BEDROOM DELUXE 77 947 - 990 sqft / 88 - 92 sqm
3 BEDROOM PREMIUM 108 1012 - 1130 sqft / 94 - 105 sqm
4 BEDROOM PREMIUM 192 1302 - 1367 sqft / 121 - 127 sqm
5 BEDROOM PREMIUM 87 1432 - 1507 sqft / 133 - 140 sqm
Total 820

*Estimated. Subject to change.

Piermont Grand EC Floor Plan

Piermont Grand Price Comparison

Piermont Grand EC sits an area of 291,235 square feet (sq ft) and has a plot ratio of 3.0. With the top bid of S$509.37 million, it works out to a record to S$583 per square foot per plot ratio (psf ppr). It is estimated the breakeven cost at close to S$1,000 psf. Piermont Grand EC launch price may range from about $1,100 to about $1,200.

Some thoughts on Piermont Grand EC

1. Punggol, the furthest estate in the northeast, is separated from Pasir Gudang, Johor by the Straits of Johor. As Pasir Gudang is the industrial area of Johor, people living in Punggol are occasionally the first in Singapore to be exposed to unpleasant smells coming from factories over there.

2. Seletar North Link, albeit a longer route to Seletar Aerospace Park and Yishun, is actually a better alternative than using TPE. Motorists can avoid heavy traffic, especially during morning peak, and also at the same time enjoy scenic views of Seletar Dam and Seletar Island.

3. There is a worship site beside the Piermont Grand EC which has been awarded to Soka Association. Small scale though, it may still pose some issues with religious or fengshui sensitive buyers.

4. The most popular Mee Toh School is not within 1km radius.

5. Most of the waterfront facing units are allocated for 4&5 bedroom types, people who are looking for entry price unit should be choosing from stack 21, 24,25 &28.

Want to find out more about EC Eligibility, CPF Grants, and Resale Levy?

newlaunchguru.sg will continuously update this review. Keep in touch for the latest movement!

Related

Record top bid for Sumang Walk land parcel slated for executive condominium development

New Punggol Digital District to create 28,000 jobs, open gradually from 2023

1st day launch - Piermont Grand EC sells 375 of its 820 units over launch weekend
Piermont Grand executive condominium (EC) - the first and likely only EC launch this year - sold 375 units of a total 820 apartments at an average price of $1,080 per sq ft (psf) over the launch weekend.

The 46 per cent sales achieved as of 6pm on Sunday (July 28) "makes Piermont Grand by far the best-selling property launch in 2019", said developer City Developments Limited (CDL) in a media release.

The End

Thank you for spending time on this post. What do you think? I'd love to know. Please feel free to drop me a message.

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Register Interest

Registration - Sumang Walk EC

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By filling the non-obligation request for VVIP Preview form below, you will have the Exclusive Privileges to the following:

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  • Receive Complete Set of E-Brochure and Floor Plans.
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