Piermont Grand Executive Condominium (EC) at Sumang Walk Punggol is the only and most anticipated EC in Singapore in 2019. Developed by one of the most renowned developer in Singapore – City Developments Limited (CDL) known for its commitment to high quality and has been a major player in Singapore residential landscape.
This waterfront living executive condominium is strategically located in District 19, Punggol Town next to Sumang and Nibong LRT station and just 550m to Punggol MRT Station.
Piermont Grand EC @ Sumang Walk residents will enjoy great convenient with Nibong LRT just next to the development and its only 3 stops away from Ponggul MRT. Serangoon MRT (where NEX shopping mall located) is 5 stops away from Punggol MRT and it’s an interchange station to the Circle (orange) MRT line.
Residents of Piermont Grand EC @ Sumang Walk will have so much to do during their leisure and family time. There are parks, greenery and waterway and even connected to an island within the vicinity. The beautiful Coney island is just 3.5km away and the near by Punggol Waterway Park and My Waterway@Punggol will provide so much relaxing and fun for the family.
Nearby amenities such as Waterway Point, Punggol Plaza and Seletar Mall provide comprehensive shopping, dining and entertainment options that will satisfy all your needs without travelling all the way to town area.
There’s also a fair number of primary and secondary schools such as Punggol secondary, Edgefield secondary, Greendale primary, Rivervale primary and many more.
Moreover, Piermont Grand D19 will include sectors of the digital economy such as cyber security, artificial intelligence and Internet of Things (loT) which will drive Singapore’s Smart Nation initiative.
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WHY SHOULD YOU BUY EC IF ELIGIBLE?
Provided you’re eligible to buy a new Executive Condominium (EC) from a developer, (please check eligibility details in HDB), an EC is definitely a better choice for your family and growing your asset at the same time.
In a simple word, an EC is actually like a private condo with a lower price tag (again, make sure you’re meeting the eligibility conditions), you got to enjoy condo living with more privacy, 24 hrs security, life style and sport facilities, parking etc.
EC pricing is normally 20-30% cheaper depending on location. Most Singaporean know EC has been appreciating all these years, but how much does it appreciated exactly?
Comparing all EC and HDB transactions in district 19 over period of 15 years, it can be clearly seen that EC appreciation is double (PSF) of HDB.. although HDB also appreciating. This ratio is also observed in total transaction within Singapore.
PEND UP DEMAND FOR EC
RIVERCOVE was the last EC launch back in April 2018, it was sold out within 5 months with an average price of $965 PSF. Prior to that, All 531 units of Hundred Palms Residences at Yio Chu Kang Road were sold within seven hours of launch on July 22 2017, with an average price of $836 PSF.
Piermont Grand EC is expected to receive similar strong demand since this will be the ONLY EC launch in 2019, and given the favourable location.
THINGS TO KNOW BEFORE BUYING AN EC
Developers will announce the sales launch soon. You can contact us to find more information on:
Before you make an EC application, check if you are:
No payments at this stage
*Please refer a more comprehensive list of ELIGIBILITY CONDITIONS & requirements listed out at HDB’s website. Alternatively, you can contact us for an appointment to review your options and eligibility.
|Development Name||Piermont Grand|
|Type Of Development||Executive Condominium|
|Developer||CDL and TID Residential|
|Location||Sumang Walk, Punggol, Singapore|
|Tenure||99 years leasehold|
|Site Area||297,639 sqft / 17,056.4 sqm|
|Maximum Permissible Gross Floor Area||873,705 sqft / 81,169.2 sqm|
|No of Blocks||13|
|Estimated Number of Housing Units||820 units|