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Thread: Piermont Grand EC at Sumang Walk By CDL

  1. #6

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    Default Re: Sumang Walk EC to be called Piermont Grand EC

    Quote Originally Posted by Wimsey View Post
    This Sumang Walk EC finally got a name. To be called the Piermont Grand. Very atas sounding name, maybe to fit the expected atas pricing. Lol. With that kind of expected PSF pricing, CDL will have to design really small units, to make the quantum small enough for buyers, especially first-timers to meet TDSR. Guess they are also relying on the pent-up demand to push sales. As this is going to be the only EC launch for almost a year since Rivercove cos the Piermont Grand showflat won't be opening till late June or early July anyway. Even the returned units at the other ECs are already selling at over $1,000 PSF, but those have bigger floor areas than likely at Piermont Grand, which makes their quantums harder to swallow.
    so small so expensive might as will don't upgrade to ec better ha ha.

  2. #7

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    Default Re: Sumang Walk EC to be called Piermont Grand EC

    Quote Originally Posted by azeoprop View Post
    so small so expensive might as will don't upgrade to ec better ha ha.
    apparently sales is picking up at Parc Botannia >75% sold already

  3. #8

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    Default Piermont Grand EC @ Punggol, Sumang Walk

    Piermont Grand CDL destinations on a prime bit of EC land which speaks to a convenient speculation for CDL who is hoping to recharge its territory banks. The vast majority of the EC dispatches as of late have just been sold and Piermont Grand EC will exhibit an open door for purchasers who are searching for another EC directly in the core of Punggol. Piermont Grand Executive Condo is the most recent venture with TID Residential that is a cooperation with Hong Leong Holdings and Mitsui Fudosan.

    Piermont Grand Showflat will highlight numerous formats for your thought. A portion of the formats incorporate a section level 3 Bedroom floor plan that is incredible for youthful families who have quite recently begun and beginning their fantasy of owning a private property. There will likewise be greater 4 Bedroom designs for greater family sizes just as more distant family and the 4 Bedroom will highlight a major living space.

    Official Condominiums are of good incentive to various purchaser profiles particularly first clocks as there is an extra $30K for first clocks who are putting resources into their first financed lodging. Official Condominiums are in deficiency and along these lines there is a certified interest for sponsored lodging particularly the ones closer to Waterfront living. Piermont Grand price fits the criteria of most buyers. It is straightforwardly confronting Punggol Waterway making it an ideal first clock home for your family. Piermont Grand floor plan is outfitted with current offices notwithstanding different luxuries for socialization, stimulation, wellness, and additional curricular exercises. They incorporate an indoor exercise center, an open capacity room, a play area for youngsters, and a clubhouse among others.

  4. #9

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    Default Re: Piermont Grand EC at Sumang Walk By CDL

    E-applications to start for Piermont Grand, 2019's first EC launch

    Fri, Jul 12, 2019


    E-APPLICATIONS for Piermont Grand, this year's first executive condominium (EC) launch, will start this coming weekend from July 12 to July 22, with bookings to be conducted on July 27.

    The 820-unit EC is a project developed by City Developments Limited (CDL) and TID which overlooks My [email protected] CDL did not comment on the pricing of the project.

    The EC offers three-, four- and five-bedroom units, with apartment sizes ranging from 840 square feet (sq ft) for a three-bedroom to 1,701 sq ft for a five-bedroom premium penthouse.

    Penthouses and selected units will come with high ceilings in the living, dining and bedroom areas. Meanwhile, a kitchen island will also be provided for four- and five-bedroom units.

    All apartments also come with a Haiku ceiling fan, Teka kitchen appliances, Grohe bathroom fittings, a wireless smart home system and more.

    The EC project has over 30 facilities spread across four zones - The Cascades, The Waterfalls, The Lakes and The Hills. These include a gymnasium alongside a 50-metre lap pool, a children's party room, tennis court and barbecue pavilions.

    Piermont Grand is located near the Sumang and Nibong LRT stations connected to Punggol MRT station and bus interchange.

    It is also near the upcoming Punggol Digital District which will house digitally-focused companies like JTC's business parks and the Singapore Institute of Technology's new campus.

    The marketing agents for the project are ERA, Huttons, OrangeTee & Tie and PropNex.

    Separately on Thursday, Roxy-Pacific Holdings and its joint venture partner Tong Eng Group announced the upcoming launch of its 186-unit View at Kismis.

    The 99-year leasehold development consists of two- to five-bedroom residential units, with prices starting from S$880,000 for a two-bedder.

    The condo is located near Beauty World MRT station and the upcoming Beauty World integrated transport hub outlined in the URA Draft Master Plan 2019. The public preview for View at Kismis will be held on July 13, and the sales launch will take place on July 20.

  5. #10

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    Default Re: Piermont Grand EC at Sumang Walk By CDL

    Piermont Grand EC sells 375 of its 820 units over launch weekend

    SINGAPORE - 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.

    Eligible second-time buyers accounted for about 65 per cent of the units sold, said CDL. Under EC rules, only 30 per cent of the project can be allocated to second-time buyers during launch. Those in this group not able to buy during the initial launch period can do so for remaining units one month after the public launch.

    CDL said deferred payment was offered for this EC. Eligible buyers can also apply for CPF housing grants of up to $30,000.

    The 99-year leasehold development overlooks My [email protected], Singapore’s longest artificial waterway crossing through Punggol New Town, and is a three-minute walk to Sumang and Nibong LRT stations, which are connected to Punggol MRT station and bus interchange.

    Piermont Grand offers three-, four- and five-bedroom units. Apartment sizes are from 840 square feet (sq ft) for a three-bedder to 1,701 sq ft for a five-bedroom premium penthouse.

    The units were sold at an average of $1,080 psf, with prices starting from $888,000 for a three-bedroom, $1.34 million for a four-bedroom premium and $1.508 million for a five-bedroom premium. CDL said take-up was good for all unit types.

    Savills Singapore research head Alan Cheong said this was the first time average prices for an EC crossed over $1,000 psf: “Fantastic sales given the record prices and moribund economy.”

    Said CDL general manager Chia Ngiang Hong: "We are very pleased with the strong take-up for Piermont Grand, which reflects its exceptional attributes. Located right next to two LRT stations and near Punggol MRT station, Piermont Grand is a new EC that is indeed hard to come by. Buyers are also attracted to the project as it is a landmark waterfront residence providing scenic views and luxurious comforts.

    "We have elevated the EC offering with well curated facilities and premium fittings and finishes that are comparable to private condominiums. Moreover, there is potential for significant upside given the development's proximity to the upcoming Punggol Digital District."

    CDL is developing the Punggol EC with TID Pte Ltd, which a a joint venture between Hong Leong Holdings and Mitsui Fudosan Co.

    They made the top bid of S$509.37 million or a record to S$583 psf per plot ratio for the government land sales site at Sumang Walk in February last year, the only EC plot offered in 2018. The breakeven price for units at the development was estimated at around $1,000 psf.

    The development is marketed by ERA, Huttons, OrangeTee & Tie and PropNex.

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