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Piermont Grand – A New Executive Condominium to Be Launched in Singapore

Piermont Grand offers an exclusive opportunity at both the unique lifestyle of waterfront living and the convenience of its prime position in Sumang Walk, Punggol, Singapore.

Singapore, Singapore - May 16, 2019 /PressCable/ —

City Developments Limited (CDL) and its sister company TID Residential are set to launch the only Executive Condominium (EC) in June/July 2019. Set to be built at Sumang Walk in Punggol, Piermont Grand offers an exclusive opportunity at both the unique lifestyle of waterfront living and the convenience of its prime position.

Given the lack of EC supply since mid-2018, unit sales for the project are expected to be in high demand. The recent EC sales in Punggol, the Rivercove, sold out within 5 months amid the shortage of EC projects throughout the year, suggesting a strong demand for this type of housing. Given the number of HDBs located around the Punggol and Sengkang area, pundits predict Piermont Grand to enjoy the same reception from homeowners wishing to upgrade to private housing.

The designated site area for the project is 291,232.7 square feet, with a plot ratio of 3.0. Units will be 3-5 bedrooms in size, with approximately 820 units constructed across 13 blocks. With a whopping 17 bids on the project during its state tender, the average price per square foot per plot ratio is expected to be S$583. Launch prices may range from S$1,100 to S$1,200 psf.

Said 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.’

Amenities

Prospective homeowners may look forward to a wide range of resources available to them upon completion of the residence. The site will include fully equipped facilities the likes of a guard house, clubhouse, function room, indoor gym, tennis court, 50m swimming pool, sun deck, barbeque pits and a children’s playground.

Its unique location gives residents the rare opportunity to experience waterfront living, being situated right next to My Waterway@Punggol, which is part of the North Eastern Riverine Cycling Park Connector green corridor. The 4.2km waterway not only provides pleasant scenery for cyclists and joggers, but also connects them to Punggol Park in Hougang and Sengkang Riverside Park in Anchorvale. Unit windows will additionally be oriented to face the waterway and Punggol reservoir to maximise the scenic view.

Connectivity:

Piermont Grand’s location does more than just provide a pretty view; just 100m away from Sumang MRT, ease of transport would be of no issue for residents. Moreover, it is only 550m away from Punggol MRT/LRT Station and bus interchange. Connected to both KPE and TPE, other parts of Singapore are just a short drive away as well (Orchard Road, for example, is only 25mins away by car).

Waterway Point, the largest shopping centre in the North-East, is just an 8-minute stroll away along the waterway. The mall boasts a plethora of services, including a supermarket, various restaurants, clothing outlets, and a cinema. Punggol Plaza and Compass One are also located nearby, providing residence with a wide range of shopping options.

The residence is also conveniently located within a 2km radius of over 10 primary schools, including the elite Mee Toh School and Horizon Primary School. On top of that, the nearby Punggol Town is set to be the location of Singapore Institute of Technology’s new campus.

Situated within a stone’s throw of the Punggol Digital District (PDD), residents would be living at the forefront of the nation’s development. Come 2023, the area will be used as the vanguard for Singapore’s Smart Nation Initiative, inviting tech and innovation companies to extend their influence there. An estimated 28,000 jobs are to be created as a result of the programme. According to the Smart Nation webpage, ‘PDD will be the first district in Singapore to adopt a one integrated masterplan approach that brings together a business park, a university and community facilities.’ With the neighbourhood primed for synergising business, academia, and communal living, Piermont Grand is anticipated to be a lucrative investment for the future.

About City Developments Limited

CDL is a multinational real estate operating company and counts itself as one of the largest properties and hotel conglomerates in Singapore. It has developed over 43,000 homes, and has a track record of over 55 years in real estate development. Piermont Grand @ Sumang Walk EC will be CDL’s ninth EC project, after The Florida, Nuovo, The Esparis, Blossom Residences, The Rainforest, Lush Acres, The Brownstone and The Criterion.

For more information, you may visit the website at www.piermont.sg

To register your interest – https://piermont.sg/register-interest/

Contact Info:
Name: Alan Teo
Email: Send Email
Organization: Piermont Grand
Address: Piermont Grand Sumang Walk, Singapore, Punggol 821314, Singapore
Website: https://piermont.sg/

Source: PressCable

Release ID: 513039

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