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Thread: Piermont Grand EC at Sumang Walk By CDL

  1. #1

    Default Price Sumang Walk EC can be pretty tricky

    CDL won the bid at Sumang Walk. The project's name has not been announced. Let's call it Sumang Walk EC or Sumang EC. 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).  The estimated breakeven cost is about S$1,000 psf. Sumang Walk EC launch price may range from about $1,100 to about $1,200. If this is the launching price, that is way too expensive as an EC. 1st or 2nd timer applicant may get cold feet. Let's see how the developer will price this project.

  2. #2
    Senior

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    Default Re: Price Sumang Walk EC can be pretty tricky

    Quote Originally Posted by rsbeginner View Post
    CDL won the bid at Sumang Walk. The project's name has not been announced. Let's call it Sumang Walk EC or Sumang EC. 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).  The estimated breakeven cost is about S$1,000 psf. Sumang Walk EC launch price may range from about $1,100 to about $1,200. If this is the launching price, that is way too expensive as an EC. 1st or 2nd timer applicant may get cold feet. Let's see how the developer will price this project.
    Let's say the average selling price is 1083psf (being 500psf more than the land cost)
    the developer can exclusively sell 3 and 4 bedders BUT cut the size to maintain the affordability. 807sq ft*1083psf=$874k. the quantum for rivercove's cheapest unit was $826,600, that would be 1024psf if the size is chopped from 904sq ft down to 807sq ft.

    All 4 EC plots sold are pretty close to this 583psf currently so we can expect similar pricing at other ECs. The trick is developers can still shrink the size by 10% to sell at 10% higher psf and the quantum still remains the same.

  3. #3
    Junior

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    Default Re: Price Sumang Walk EC can be pretty tricky

    That’s the psf I paid for WT 6 years ago. Lol

  4. #4

    Default Piermont Grand EC at Sumang Walk By CDL

    CDL revealed the name of EC at Sumang Walk, Piermont Grand.

    Piermont Grand EC is located at the heart of upcoming Punggol Digital District, a vision of Singapore’s Smart Nation effort, from 2023.

    It's within walking distance to Punggol Waterway Point Mall & Punggol MRT.

    Residents get to enjoy a vibrant living environment with 4.2km long waterway offering greenery, promenades and various outdoor activities.

  5. #5
    Newbie

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    Default Sumang Walk EC to be called Piermont Grand EC

    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.

  6. #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.

  7. #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

  8. #8
    Newbie

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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.

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