Panoramic Sight at Piermont Grand EC

Piermont Grand, Piermont Grand EC, Piermont Grand Executive Condo, Piermont Grand CDL, Piermont Grand TID

Piermont Grand EC

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Project NamePiermont Grand (星水嘉园)
District19
DeveloperPavo Properties Pte. Ltd. (UEN No. 201809075D) (A Joint Venture Between CDL Constellation Pte Ltd & TID Residential Pte Ltd
AddressSumang Walk
Showflat LocationSumang Walk (Click here for more)
Developer Sales Hotline+6531389744
Est Indicative Selling Price RangeAbove S$ psf (Click here for more)
Tenure99 years leasehold commencing from 4 June 2018
DescriptionPiermont Grand EC at Sumang Walk a new executive condo development, going to develop by CDL and TID Pte Ltd. Target to launch in 2019, and for official details project details, floor plans, showflat appointment to be obtained at https://www.piermont-grand.com.sg
No of Units820 units of executive condominium
Site Area 27,056.4 sqm / 291,232.7 sqft
Land Lot Number02886N(MK 21)
Developer Licence NoC1292
Expected Date of Vacant Possession28 February 2023
Expected Date of Legal Competition28 February 2026
Maximum Permissible Gross Floor Area81,169.2 m2

Re-visit and Review on CDL and TID Pte Ltd Emerged As The Developer of Piermont Grand executive condo

Piermont Grand executive condominium also know as 星水嘉园 is located at Sumang Walk in Punggol Singapore was one of the most competitive tenders that attracted 17 bids from various developers upon launching of the site late last year. Its developers plan to construct the Piermont Grand Executive Condo to comprise 13 blocks each having between 10-17 storey. The 99-year leasehold site is expected to yield up to 820 condo units and has a plot ratio of 3.0 with a maximum GFA of 873,698 sq ft. and 27,056.4 square meters with $583 psf ppr as featured in Yahoo!

CDL Constellation (owned by City Developments) and TID Residential (a subsidiary of TID Pte. Ltd.) emerged the winners of the site where Piermont Grand is set to be developed in a joint venture. This follows a top bid of S$509,370,000 million for the 820 unit Piermont Grand EC Condo. The CDL’s joint bid came top of the highly contested and latest government tender by a 4.8% margin as compared to the top contestant’s offer of $486 million by Qingjian Realty (Residential).

Piermont Grand EC Sumang Walk Singapore BCA Awarded Private Developer

The price of Piermont Grand EC translates to approximately $583 psf. A price never recorded for an EC unit in Punggol. With such a high bid, Piermont Grand Executive Condo is expected to launch at an amount ranging from $1,100 to $1,150 psf calculated based on $583 psf ppr. If the figures are correct, this still becomes a record as the most expensive EC so far in the Punggol area. If we assume each unit will have an average size of 1,000 sf, Piermont Grand Executive Condo presents a million-dollar residential development in Punggol, an area famous for affordable housing.

Although the winning bid was the highest compared to the past bids, the positive outlook of the Punggol area makes a highly sought after the residential property by buyers. Furthermore, Piermont Grand EC is still an attractive condo for investors since the price of new private houses is on the rise in the area.

According to Sherman Kwek, the head of CDL Group, Piermont Grand Sumang Walk is a sure success considering that it’s the ninth EC project for CDL for the upcoming new launches. The strategic location and other desirable attributes the development has makes it a highly valuable property.

To view how the Piermont Grand Executive condominium units will look like once completed, visit Piermont Grand showflat but you need to book an appointment first to avoid wasting time since the Showflat could be closed on certain days/time. Floor plan and site plan can be obtained in the later stage.

Piermont Grand EC Beside HDB Water Terraces II

Near HDB Water Terraces II

Latest Information Piermont Grand Price List As At  Monday, August 26th 2019 updated, Register to receive the price list and book showflat appointment!

Benefits That Future Residents of Piermont Grand
Will Enjoy Living in District 21 Of Singapore

Ever thought of living in a development developed by prestigious developer and yet facing a nice panoramic view of the Punggol Reservoir? Look no further than Piermont Grand EC in Punggol Digital District.

Although Punggol might be categorized as a non-mature estate, don’t be quick to conclude. Why? Plans are underway to make it great and exceptional eco-green estate and a digital Waterfront Town characterized by plenty of developments. Additionally, there are many amenities in the area such as Punggol Plaza, Waterway Point and Seletar Mall which gives buyers comprehensive shopping, entertainment, and dining options.

Here are the benefits that residents of Piermont Grand Executive Condominium will enjoy staying in Punggol:

Location Map of Piermont Grand EC

Excellent Transport System Around Piermont Grand EC

Punggol is a digital district that is well situated to allow its residents to access other parts of Singapore easily. This means that if you make Piermont Grand executive condominium your home, then you will enjoy the convenience that you get. Getting to your office from home is a breeze, your kids can also access the schools located a few distances from Piermont Grand Executive Condo.

In terms of transportation, Punggol District is unmatched. It allows its residents to enjoy waterfront living in proximity to My Waterway@Punngol. Transport in the region is easy considering that Sumang LRT station and Punggol LRT/MRT station and Bus interchange are just a few distances away.

The area is also beside near to Punggol MRT, it’s also  well linked to other important parts of Singapore through its major aerial roads, Tampines Expressway (TPE)  and Kallang-Paya Lebar (KPE) Expressway allowing the future residents of Piermont Grand to access the CBD and Orchard Road with ease easily.

Latest Updates As At  Monday, August 26th 2019 updated, Register to receive the price list and book showflat appointment when ready!

Beside Punggol Cove Pri Sch

Piermont Grand EC – Top-ranking Schools & Institutions

Punggol District is packed with plenty excellent schools means that families staying at Piermont Grand EC will have an easy time picking the right school for their children. Since they are a few distances away from Piermont Grand, the transportation expenses are also reduced.

Some of the schools located in the area include more than 10 primary schools which are within 2 kilometers radius of Piermont Grand Executive condominium. These include the schools like Punggol Cove Primary, Horizon Primary School and Mee Toh School. The new campus for Singapore Institute of Technology (SIT) is also set to be situated here at Punggol district. This will allows collaboration and exchange programs between students, industry and faculty professionals of SIT and JTC’s business park.

Digital District @ Piermont Grand

Punggol is set to become the first Digital District in Singapore with an exciting future that any buyer will like. According to URA, Punggol will become the first digital district in Singapore integrating education and business and driven by social, technology and urban innovation.

It will feature all important sectors that constitute a digital economy such as artificial intelligence and the Internet of Things that will steer the Smart Nation Initiative in Singapore.

Piermont Grand

Availability of Recreational Facilities Around Piermont Grand CDL

The impacts of open spaces/ green areas and parks to our physical as well as psychological health cannot be underestimated. Furthermore, they make the neighborhood more attractive, and anyone would love to live in such an area. This is precisely what Punggol district offers you. As a resident of Piermont Grand Executive Condo, you get the best place to live and work.

Studies indicate that open spaces and parks add value to the residential property. Therefore, the availability of recreational facilities near Piermont Grand EC  is a critical aspect in improving the quality of life. This is through making the surrounding more livable by providing recreational opportunities for the families living in the region.

Here are some of the recreational facilities in the area:

  • Punggol Ranch Close By Piermont Grand

If you don’t have an activity that you like and looking for one to add to your list, then you can never go wrong with horse riding at Punggol ranch. Punggol district boasts as a “Cowboy town” with a range of horse riding activities that will impress you whether you are a beginner or an enthusiast. It has 4 stable buildings containing more than 60 horses and ponies.

Depending on your experience, you have lots of options to choose where to start ranging from beginner to advanced lessons, pony and horse feeding sessions alongside mounted guided trail rides. This means that you will never miss a horse riding activity that will excite you.

Click here to read more about the other recreational facilities!

  • Coney Island

Coney Island is an ecologically sustainable park situated along Punggol Promenade Nature Walk, and it is packed with incredible cycling routes in Singapore. Love riding bikes? Ride with your friends or family as you explore the area. See the different types of exotic birds species, the picturesque lalang fields, and the Haw Par Villa.

  • Laser-tag For the Piermont Grand Residents

If you like battling or simply want to test your sniping skills, laser tag is one of the most amazing games to try. You can play this combat simulation game with a team of friends or family. There is plenty of fun to experience as you shoot members of the opposing team, work together to achieve the mission as you navigate through obstacles in a healthy competition.

  • Whisk-and-paddle Activities near Piermont Grand Punggol

Do you love riverside dining? Go to Whisk and Paddle to get a sweeping and clear view of the Punggol reservoir which delivers an outstanding atmosphere for all your brunch menu. Also, for fans of the famous Sembawang White Bee Hoon, entry of a new outlet at Punggol Settlement is good news. The eatery provides you with different Zichar dishes such as salted egg yolk pawn which is something you wouldn’t want to miss out.

Near Waterway Point

Around Sumang Walk, Punggol

Top shopping malls found near Piermont Grand EC at Punggol Singapore

1. Waterway Point Near Piermont Grand

This is one of the best shopping malls that we have near Punggol and Punggol MRT. It is very big both on its West and East wing. Here, you will be able to get supermarket and restaurants that serve either Western, Chinese or Koreans. It is the only mall in Singapore that allows you to view the heritage of Punggol in themed spaces like Village a Square, the Cove, Market Square that caters for exhibitions and community gathering. This is the place where kids will quench their thirst of engaging in outdoor activities by playing on game area found on the West wing second floor. It is one of the most interesting places where you can take your lovers for a special date.

2. Oasis Terraces Around Piermont Grand EC

It goes without saying that this shopping mall near Punggol in Singapore is definitely one of is kind. This mall houses a shopping center,a medical polyclinic, a plaza for activities, a garden cascading down, a rooftop garden among others. Here, you will get the opportunity to access great supermarket, KFC and Mcdonalds for quick food, several Japanese restaurants like the Tampopo that provides Japanese sweet and delicious food. Not to mention, you will also access popular childcare, bookstores, optical care among other things.

3. Compass one Near Piermont Grand CDL Vicinity

It is found next to the MRT station in Sengkang region. This important mall contains a wide range of food selection that is often on floor levels on basement 1. It also contains the Metro which is the core department that has different brands of books. People often visit this place to access the library and book store found on the top floor. This is one area where you can access various shops, restaurants like the Ajisen ramen and Seoul Garden.

4. The Seletar Mall Close to Piermont Grand Sumang

Here, you will have the chance to access a wide range of restaurants that offer fast food inclusive of tai fung. Besides, this area also encompasses music school on its top-level whereas on its bottom level there is a Starbucks. In addition, the mall also has a movie theatre, large car park, outdoor playground for children among other things. In general, this is a decent shopping mall that can adequately allow you to accomplish your goals.

5. White Sands Proximate to Piermont Grand Punggol

This is one of the most outstanding shopping malls located near Punggol in Singapore. It has a unique structure with various shops including classy and elegant restaurants. Here, you will be able to access the internet and browse because wifi has been made available. There is also Starbucks that can enable you to get up with your task. The place also has other facilities like a good dessert restaurant and a cinema. Get time and visit it to get its real experience.Other important shopping malls that you can get near Punggol include Rivervale Mall, Rivervale Plaza,myVillage and Hougang Green.

Latest Updates As At  Monday, August 26th 2019 updated, Register to receive the price list and book showflat appointment when ready!

Top Reasons Why You Need To Buy Now The Highly Regard
Piermont Grand EC By CDL

Piermont Grand Executive Condo one of the new launches by CDL, is no doubt a valuable asset class that offers a suitable place for HDB upgraders who need a better place to live at an affordable cost. Considering the price gap of around S$400 psf between private condos and Executive condominium, it means that buyers can enjoy higher capital appreciation upon privatization of the ECs.

Here are some of the reasons you need to buy a unit now at Piermont Grand Executive Condo:

A View at Punggol Reservoir From Top of Piermont Grand
  1. Fast Rising EC Prices

Based on the rising prices of condos and the tender bid of Piermont Grand EC site of S$583 psf, EC prices are expected to rise to more than S$1,000 psf by 2019. For instance, the demand for Executive Condo in 2017 was quite overwhelming, and Hundred Palms Residences situated at Yio Chu Kang Road were already sold out merely 7 hours after their launch. Additionally, exceeding 2,700 e-applicants where registered in the two-week period before the launch which ended 5 days before the launch. The record-breaking sales made it one of the ECs with the highest number of subscribers ever seen.

  1. Affordability

Furthermore, ECs such as Piermont Grand gives buyers with an income of around S$14,000 to own a property which reflects private condos regarding amenities and lifestyle but with considerably lower prices plus they allow you to use up to S$30,000 in funding from government grants when buying them.

Latest Updates As At  Monday, August 26th 2019 updated, Register to receive the price list and book showflat appointment when ready!

  1. Increasing Demand for ECs

With the increasing demand of ECs, the demand of Piermont Grand EC is also set to rise significantly as the prices of private property continue to incline further this year making it more difficult for many HDB upgraders to own a property today. This is because new private properties in the market are anticipated to rise with a price mark between S$1,300 to S$1,500 psf considering that 1,000 sq ft property could fetch around S$1.3 million to S$1.5 million.

Can an average HDB upgrader afford this? The high prices make it challenging for most upgraders who are willing to invest between S$800,000 to S$1 million. Such high prices, in turn, causes the ECs the better option for most of the upgraders hence pushing the demand higher.

But, the Piermont Grand @ Sumang Walk prices will also be influenced by the plenty amenities found in the area alongside other unique facilities provided by the developers.

  1. High Number of Bids

The high number of bids submitted for Piermont Grand at Sumang Walk is another clear indicator of the strong demand for Piermont Grand site which is likely to affect the prices and the level of demand of Piermont Grand Executive condo units once completed.

Moreover, even with the increased price, Piermont Grand EC is still the ultimate choice since they remain 25% to 30% cheaper as compared to mass market condos. The developers of Piermont Grand Executive Condo are also allowed to start selling the units 15 months after the physical completion of the project or the date of award.

  1. Few EC Available in the Market Currently, Piermont Grand Only in 2019

Apart from the upcoming Piermont Grand EC Sumang, there are few condo EC condo units available n the market currently. There is a high expectation that this will make the units sell faster with the current high demand in the market.

Piermont Grand offers an opportune moment for first-time buyers alongside HDB upgraders to grab the chance and make purchases of the unsold Piermont Grand Executive Condo. This is because there are few attractive projects such as Piermont Grand Executive condo available for sale.

Although there are around 3 suites to be launched for sale, Piermont Grand is the only one that is set to be launched soon. The other sites will be launched after Piermont Grand EC which makes it quite competitive among buyers.

  1. ECs Can Be Privatized

Piermont Grand is also a favorite to many buyers because like other ECs, they can be fully privatized once 10 years are over even though they are full suite condos now. This means that buyers will still be able to use the CPF grant when buying the condos. As the Piermont Grand Executive Condo will be the only housing available of this type at the time of its launch, a rise in demand is anticipated.