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 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.
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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.
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.
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||Piermont Grand EC @Sumang Walk|
|Location||Sumang Walk in Punggol|
|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
|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|
*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.
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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.
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