The most anticipating launch is coming this June / July 2019. This new development is located at Sumang Walk, Punggol, North-East Region of Singapore. Executive Condominium is always in great demand because that one can enjoy the same full fledged condominium lifestyle and still entitle at more affordable property pricing. There are several new launch private condominium on the first half of the year and the cheapest launch is around lowest $1,280 psf to $1,450 psf during the soft launch period. The lower range should expect low floor and facing directly the expressway. However, the first day sale has reached more than 300 units sold which make it a good first phrase sale.
Good news is that this upcoming Punggol Executive condominium is situated in the corner of new town and it is one of the rare ec that is facing the river! There is no expressway surrounding the site and make it a more serene and quiet environment. This Sumang Walk EC is near to Punggol Waterway by cutting across the HDB blocks, around a short 10 minutes walk will reach Punggol Waterway Point shopping mall. Beside the mall, there is North East Line MRT station which easy assess to city area, Dhoby Ghaut in a short period of 30 minutes. Buying a property in Singapore, it will be good if there are more upcoming development within the vicinity. Piermont Grand EC is within 1km from the Digital District Innovation Park! The future-ready district will enhance with the newest innovation and creating 25,ooo new jobs. There will also be the fifth university SIT in Punggol. All these will start operating by 2023, together with the opening of Punggol Coast MRT line and extended Punggol North East Line. Residents do not need to wait long before all these new facilities are ready. CDL Constellation Pte Ltd & TID Residential Pte Ltd. are one of the seventeen developers participated in this Sumsang Walk plot and top bid with the bid price $509.37m, works out to $583psf/ppr. After the overhead costs, we are expecting to launch around average $1,250psf with all the massive new development in Punggol. This price still work out at least 10% to 15% cheaper compare to the cheapest new private launch in the east of Singapore this year. Furthermore, for first timers couples are entitle up to $30,000 grant.
Piermont Grand EC is expected to draw great interest during the launch as this is the only ec launch this year and Punggol does not any new ec since the last ec at The Terrace in 2013. Not to miss the showflat opening, register now.