Sumang Walk EC - probably the only new launch EC in 2019

[rsbeginner]

CDL Constellation (subsidiary of CDL) and TID Residential won the bid of an EC site in Sumang Walk in Punggol which fetched a whopping 17 bids at a state tender. Sumang Walk 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).
Sumang Walk EC is probably the only EC launch in 2019.

[Arcachon]

📌Anchorvale Site $576 psf ppr
📌Canberra Site $558 psf ppr
📌Sumang Site $583 psf ppr
📌Tampines Site $578 psf ppr

All these 4 upcoming new ECs will most likely to be priced >$1100 psf and above upon launch

[bargain hunter]

📌Anchorvale Site $576 psf ppr
📌Canberra Site $558 psf ppr
📌Sumang Site $583 psf ppr
📌Tampines Site $578 psf ppr

All these 4 upcoming new ECs will most likely to be priced >$1100 psf and above upon launch

min. from 10xxpsf ba. average 11xx. <1000psf seems unlikely.

[star]

min. from 10xxpsf ba. average 11xx. <1000psf seems unlikely.

I think some resale condo are under value.

[bargain hunter]

I think some resale condo are under value.

that's true but somehow many people prefer brand new, even if they are not undervalued.

[joshmichael]

CDL Constellation (subsidiary of CDL) and TID Residential won the bid of an EC site in Sumang Walk in Punggol which fetched a whopping 17 bids at a state tender. Sumang Walk 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).
Sumang Walk EC is probably the only EC launch in 2019.

Hi i've been searching google for info regarding the upcoming Piermont Grand EC but not much info is out. Do you know when they will start to release more info?

[bargain hunter]

Hi i've been searching google for info regarding the upcoming Piermont Grand EC but not much info is out. Do you know when they will start to release more info?

maybe some of the property agents can help u with more clarity.

According to CDL:

"The next launch will be Haus on Handy, a 188-unit condominium in prime District 9, a short walk from Plaza Singapura and
Dhoby Ghaut MRT station – a three-line interchange station. The architecture will be cutting-edge and incorporates a unique
three-storey conservation bungalow from 1892 which will be converted into a luxurious clubhouse.

After that will be Piermont Grand, Singapore’s only EC launch for 2019. This 820-unit JV waterfront development is within
100 metres to Sumang LRT station and a 10-minute stroll to Punggol MRT station, bus interchange and Waterway Point
Shopping Mall. Given no new EC supply in the market, there is strong pent-up demand. The Group expects healthy interest
for Piermont Grand for this hybrid asset class which qualifies for Government subsidies for eligible buyers. This will be the
Group’s ninth EC project."

So until Haus is launched, there may continue to be not much info about the EC. my own wild guess would be after Chinese Seventh Month, not before.