Piermont Grand Executive Condominium Updates

: Check out the latest site plan and floor plans here.

15-Sep-2019: New EC Ceiling of $16,000 brings more buyers to Piermont Grand!

14-Sep-2019: Piermont Grand 3, 4, and 5 Bedroom units available for selection.

02-Aug-2019: Choice Units available at Piermont Grand.

01-Aug-2019: Piermont Grand Showflat Begins on 12 July - 21 July.

28-Jul-2019: Sumang Walk EC Launching for Sale soon by City Developments Limited.

26-Jul-2019: The only Executive Condominium for sale in 2019. Total 820 Units.

25-Jul-2019: Owning a Waterfront facing Property for the privileged class.

Piermont Grand EC Project Information

Project NamePiermont Grand
Address of DevelopmentSumang Walk
Project DeveloperCDL Constellation Pte. Ltd. and TID Residential Pte. Ltd.
Tenure99 Years Leasehold Development
District19 / Punggol
Site Area291,126 sqft
Gross Floor Area873, 378 sqft
No of Blocks13
No of Storeys9 to 17
No of Units820 Residential Units
TOP28 February 2023

Register Interest Here

(Direct Developer Sales Team)

Location of Piermont Grand

Piermont Grand Executive Condominium CDL

Piermont Grand is a new executive condominium located right in the heart of Punggol by City Developments Limited. Piermont Grand Sumang Walk sits on the land parcel that is slated to be Singapore’s first Digital District and is located near to many transport options available around the Punggol area. It is the only EC that is launching in the year of 2019 and Piermont Grand EC Sumang Walk sits right next to My Waterway@Punggol and offers the opportunity for residents to own a EC unit in the landmark waterfront district with pleasant and unblock views. Piermont Grand Executive Condominium comes as a rare opportunity for buyers who are looking for a EC unit in the North East area as all EC units are presently taken up. A unique and serene lifestyle awaits you at Punggol Piermont Grand. The Sumang Walk EC will be located near to JTC Business Park in Punggol as well as The 5th University – Singapore Institute of Technology. There will be also a new MRT Station called Punggol Coast MRT Station which will reduce traveling time to any part of Singapore by 15 min. Piermont Grand receives great response from the ground as it sells 375 of all 820 units that are released for sale. It is one of the most successful new launches by developer due to the low pricing of only around $1,080psf which is must lower than other new launches within the vicinityOmega replica watches The latest development by City Developments Limited is Canninghill Piers which is located at Singapore River. Canninghill Piers is launching soon at District 09 and is at the heart of the city. It is the former Liang Court enbloc located next to Clarke Quay entertainment hotspot. There are many shopping centres located at Robertson Walk as well. The next upcoming EC would be Tengah EC which is located right at the heart of Tengah Town.

Piermont Grand Actual Site in Punggol

Piermont Grand EC Sumang Walk Punggol

Piermont Grand EC has full and unique facilities, which includes a guard house, clubhouse, function room, indoor gym, tennis court, 50m swimming pool, sun deck, BBQ pits & children’s playground. The condo’s facilities provide full family entertainment needs for your family and loved ones. Indulge in a serene and tranquil lifestyle right in the heart of Punggol Piermont Grand location.

Piermont Grand CDL sites on a prime piece of EC land which represents a timely investment for CDL who is looking to replenish its land banks. Most of the EC launches recently have already been sold and Piermont Grand will present an opportunity for buyers who are looking for a new EC right in the heart of Punggol. Piermont Grand Executive Condo is the latest project with TID Residential that is a collaboration with Hong Leong Holdings and Mitsui Fudosan.

Piermont Grand City Developments Limited CDL

Piermont Grand EC is also strategically located with many shopping centres located around in the vicinity. For example, the popular Waterway Point, Punggol Plaza as well as Compass One are located near to Piermont Grand Sumang Walk. Piermont Grand EC is also located near to My Waterway @ Punggol where plenty of outdoor families are available for residents to spend some quality time with their family.

Piermont Grand will be accessible with Sumang LRT Station as well as Punggol MRT Station. Also, for owners who are taking buses, there are several buses available along Punggol Way and Punggol Centreal. For owners who are traveling to the city, Piermont Grand is located right next to Tampines Expressway ()TPE.

Piermont Grand Punggol EC is also near elite schools such as Punggol Green Primary School, Edgefield Secondary School, Oasis Primary School and Mee Toh School.

Piermont Grand Actual Site Walkthrough

City Developments Limited Real Estate Developer

City Developments Limited abbreviated as CDL is one of the most reputed real estate development, management and investment companies in Singapore. The company has more than five hundred group companies and subsidiaries in 103 locations worldwide in 29 different countries. It is one of the largest companies listed on the Singapore stock exchange in terms of market capitalization and focuses on offering excellent returns to its investors and customer satisfaction. It has developed a large number of residential apartments, integrated complexes, offices, malls, service apartments and hotels worldwide which are sold or held as investments. The latest development will be Piermont Grand EC at Sumang Walk in District 19 Punggol.

History of City Developments Limited

The CDL group started its business more than 55 years ago as a Real Estate Developer in Singapore with the King’s Hotel, which is now renamed and a part of its Copthorne hotel chain, and Orchid Inn. Orchid inn has since been redeveloped into a residential project Glyndebourne. The CDL group has developed over 43,000 homes on more than 18 million square feet of land. It currently has a land bank of 4.1 million square feet worldwide, which can be used for its various residential and commercial construction projects including the latest Piermont Grand Sumang Walk. It also has many assets under its management, and is planning to have $5 billion in assets under management by the year 2023. The location review indicate that buyers are keen on the location as well as the site plan. Sumang Walk EC E-Application will commence soon.

Projects by City Developments Limited

Since its initial construction project, CDL has grown and diversified rapidly both regionally and worldwide with projects such as private developments and executive condominiums such as Piermont Grand Punggol. The hospitality group company of CDL, the Millennium and Copthorne Hotels Private limited company (PLC) is the largest hotel chain in Singapore and is also considered one of the largest hotel chains in the world. It owns and manages a large number of hotels all over the world. The group has won a large number of construction, environment and other awards in recognition of its ability to built and maintain some of the most iconic hotels, offices and homes with the latest technologies. The CDL new executive condominium showflat will be available soon and the launching price psf will be announced by CDL Soon.

In addition to the Singapore stock exchange, CDL also has seven listed group companies which are listed in the stock exchanges of other countries, like those in London, Philippines and New Zealand. It owns and manages hotels and other investment properties including Piermont Grand Punggol in Middle East, Australia, Asia, New Zealand,North America and Europe, to generate high returns on investment and steady income for its investors. CDL strongly believes in its corporate social responsibility and works closely to help others in the community. The companies has a proven track record of providing the best possible deal for all its stakeholders including investors, customers, employees, business associates, and the community.

Piermont Grand Location

Piermont Grand Location is one of the highly sought after area in the mature estate of Punggol. There are many coffee shops as well as schools located in the area and other amenities such as NTUC Fairprice together with other amenities. Sumang Walk EC location is located near to Punggol MRT Station as well as Punggol LRT Station making traveling to and from very convenient. Piermont Grand EC Location is near to some of the commercial shops at Waterway Terraces I and Waterway Terraces II so you can get your daily groceries from there. Also, for other facilities that are not catered, residents around Piermont Grand location are able to reach MCC Resort (Marina Country Club). The highlight of Piermont Grand location is that it is just 5 mins walk away from Pungool Waterway Point where a whole range of amenities are available. Piermont Grand is also located near to Northshore Plaza I.

Piermont Grand Showflat

Piermont Grand Showflat will be available for viewing soon. The showflat will have many different layouts that cater to individual buyers. There will be interior designs at the showflat to cater to buyers impressions of the actual unit. The showflat will have different layouts for your consideration. Some of the layouts include a utility room for buyers who are looking for bigger units and there area also be layouts at the showflat such as the 3 Bedroom for young couples who are just keeping a alookout for small units. The showflat will be tastefully renovated for buyers to view. It is just confirmed that Piermont Grand showflat will consist of the 3 Bedroom Premium Layout at 1,130sqft as well as the 4 Bedroom Premium layout. The 4 Bedroom Premium layout is a 1st floor unit with a Private Enclosed Space. The 4 Bedroom PES Layout is at 1367sqft. There are a few layouts available at Piermont Grand such as the 3 Bedroom Deluxe and 3 Bedroom Superior layout that consist of additional storage space compared to the normal 3 Bedroom layout. The normal 3 Bedroom layout starts from $888,000.

Piermont Grand 3 Bedroom Premium and 4 Bedroom Premium Layout

Piermont Grand showflat will also feature extensive interior designs that are done to cater to buyers who are visiting the showflat. There will be interior designs down to the unit such as wallpaper as well as lightnings. Many of the features that are done in Piermont Grand showflat comes with the unit including the flooring, kitchen cabinets, air-conditioners as well as the washroom fittings. Some of the features not available in the actual unit include the electrical appliances such as TV. Furniture in Piermont Grand showflat such as coffee and dining table are not given. These are design features to let buyers have a feel of the space that is available in the actual unit before committing to a unit after visiting Piermont Grand showflat.

Piermont Grand Showflat Viewing

New property developments come up every now and then. The new property will give you the chance to get a new commercial space or residential space. It is important to visit a property showroom for a pre-purchase viewing. By viewing one, you will have the necessary information that will help you make the right decision. Showflats may fail to capture the actual home. Nonetheless, you can ask questions about the property and this will give you a better idea of what the residence looks like. The builder for Piermont Grand EC is Woh Hup Pte Ltd.

Piermont Grand Construction Firm Woh Hup

The layout of any home will vary according to its room position and square footage regardless of the type of real estate you intend to purchase. It is advisable to ask about the installation models/ brands that will come with the final product. What you see might not be what you get due to the availability of room fittings and surface materials. To avoid confusion, request for the floor plan copy from the showroom that corresponds to your desired unity. The construction firm for Piermont Grand is Woh Hup and it is noted that Woh Hup has a history of quality construction for its projects.

Piermont Grand Site Plan

The site and floor plans for Piermont Grand will be available for viewing soon. The site plan for Sumang Walk EC will consist of full facilities for the buyers consideration. Some of the full facilities that are located at Piermont Grand include a full size swimming pool that families can gather during the weekends. You can also conduct your own swimming lessons at the comfort of your own home. Piermont Grand also have a full size gym that caters to the young and trendy that have a active lifestyle. Piermont Grand site plan features many other facilities as well that cater to 1st timer home owners as well as for families that are looking for a conveniently located EC with comprehensive facilities for kids and children.

Facilties at Piermont Grand Site Plan

Piermont Grand site plan also features a tennis court for tennis lovers and a function room to cater to family events. The function room can be booked for private tuition class as well as book exchange for the kids making it the perfect place for the child to mingle around. It is noted that based on the site plan, there are Universal Design features for elderly and child friendly facilities. Green Features which is a BCA Greenmark Platinium and curtain wall design with double glazed window seen only for luxurious project as available at Piermont Grand site plan. The development is also 5m elevated from the ground. To create more convenience for the residents of Sumang Walk EC, there are 4 side gates as well as a sheltered walkway to the nearest Bus Stop. Piermont Grand site plan will consist of also 4 BBQ pits so that there can be more quality time spend with the family. The Blocks also have views from Sea view, Coney Island view, Punggol Reservoir View and Punggol waterway View. Piermont Grand is equipped with smart feature such as door senses as well as equipped with digital lock set. The whole development site plan is encased within a smart community.

Themes at Piermont Grand Site Plan

Piermont Grand site plan will consist also the below themes

The Cascades (Arrival) – welcome cascading water features, main entrance is away from main and grand dropoff area.

– The Waterfalls – 50m Lap pool with seamless design similar to Punggol waterway.

– The Lakes – Family zones with family pool and children pool and playground.

– The Hills – quiet zone with bio pond, spa and hydrotherapy pool – head and shoulders, foot message and sitting message and water features.

Piermont Grand EC Floor Plans

The design and layout for Piermont Grand Floor Plan will be available soon. There will be an assortment of layouts starting from 2 Bedroom for investors who are just looking out for a small brand new unit located in the Punggol area. There will also large 5 Bedders for buyers who are looking for own stay. The 5 Bedders are for extended families who are looking for large spaces and floor plans given the size of the layout. Piermont Grand Floor Plans are designed for maximum functionality and comes fully equipped with all the necessities such as washer, fridge as well as dryer. The design of the floor plans are maximum natural light into the living room as well as the bedroom creating a serene space for your family. All unit types developer will provide Haiku ceiling fan and 2 Schemes to be selected which is the Cool Breeze and Earthly Lux.

Piermont Grand Floor Plans Maximum Functionality

Piermont Grand EC floor plans also combines efficient circulation and storage. There is also closets, wardrobes and pantries that are large enough for everyday use providing comfort for your family when you are at home. There will be different floor plans to cater to different family lifestyles. For example, there might be buyers who are more keen on the dry kitchen as well as the wet kitchen concept so CDL has cater to this distinction by offering the dry kitchen concept for the bigger layouts. There will also be a open kitchen concept for young couples who are not at home to cook everyday and a small kitchen will cater to more space to the living room as well as the bedrooms. Piermont Grand showflat will begin preview on the 12 July for applicants to view on the development first and the booking date for the development will be on 27 July. a EC Consumer Seminar will be held on Monday 08 July for applicants who would like to know more about the EC Market in General.

Piermont Grand EC Floor Plans Types

Piermont Grand will consist of many different layouts that caters to different buyers assesment. The smallest unit will be the 3 Bedroom units that does not come with the utility area. This layout is perfect for young couples who are just starting to get a EC unit that is located near to Punggol Sumang Walk. There is also the 3 Bedroom Premium which is the bigger layout that consist of the utility/storeroom as well as the WC. This is perfect for bigger families who needs a place that has a storeroom. For multiple generations, there is also the 4 Bedroom Premium and the 5 Bedroom Premium layouts that is perfect for own stay for a longer period of time.

Piermont Grand EC Pricing

Piermont Grand is a executive condominium that represents an excellent opportunity for buyers who are looking to buy into a new launch development. The project is an excellent opportunity for Singaporeans to buy at a subsidized pricing as the development is initially open to Singaporeans with valid family nucleus. First Timers who are getting an executive condominium are also allowed to apply for the CPF Housing Grant and this subsidy makes it more attractive to for 1st time home owners to invest in the mature estate of Punggol. Based on the price which CDL has secured for the plot of land at Piermont Grand, the expected launching price should be in the range of around $1,100psf to $1,200psf. The increase in the EC income ceiling from $14,000 to $16,000 meant that more buyers will be eligible for Piermont Grand EC and this means that we should expect to see more sales and demand for ECs.

Piermont Grand Pricing Attractive

Executive Condominiums also presents huge appreciation potential due to the fact that when the development is completed, resale of the unit can happen after fulfilling the 5 Year Minimum Occupational Period. Also, after 10 years, the development becomes fully privatized and will be eligible for resale into the resale market fully.

Hong Leong Group Real Estate Developer

Hong Leong Group (HLG) was founded in 1941 by Kwek Hong Png in Singapore and is one of the largest companies in Singapore with a track record of stability and rapid growth. Hong Leong Holdings Limited (HLHL) is the property investment and development arm of the group, which was formed in the year 1968. It is one of the largest companies in the real estate sector in Singapore and has developed a reputation for constructing quality and affordable residence. It has developed 8 commercial properties and more than 100 residential properties with Piermont Grand Executive Condominium. It has constructed both mid priced and high end residential properties and Piermont Grand is located at Sumang Walk near to Sumang MRT Station.

Business Development Division of Hong Leong Group

HLHL has different divisions to manage its activities. The business development division looks for new opportunities worldwide and focuses on the best options available. As there has been a shortage of ECs available, plans are underway to develop Piermont Grand Punggol at Sumang Walk. The design and project development section looks after the planning of the many projects of the group ensuring that they are properly designed, collaborating with others to complete the projects. The marketing and sales division is looking after the leasing and sales of the commercial and residential properties developed by the group, ensuring that the revenues are rising. The Human resources division of the group attracts, retains and develops the best available talent, to boost productivity and profits.

The properties of HLHL are managed by a group company , Kingston Property Management Services Private limited (KPMS) with their latest project Piermont Grand Executive Condominium. This company looks after the electrical/mechanical maintenance, security, car parking management and fire safety. It is a registered contractor with the Building and construction authority. Though legal, finance and accounting services are back end services they play an important role in the success of a business, and KPMS also ensures that the HLHL conforms to all the legal and financial regulatory requirements. Piermont Grand reviews will be available soon and the launch date will be posted on the website.

Divisions in Hong Leong Group

HLG is one of the largest business groups in Singapore with companies in Asia Pacific, Europe and Netherlands and their latest project Piermont Grand Punggol Executive Condominium puts a fine addition to the portfolio. It has mainly five different divisions which are dealing with real estate,financial services, hotels,trade and industry and ebusiness. Its group company CDL and along with HLG is the largest private holder of residential land in Singapore which can be developed later, is the largest developer of residential properties and the biggest landlord for commercial properties in Singapore’s central business district. The Millenium and Copthorne Hotels division of the group is listed in the London stock exchange, owns and manages 114 hotels in 18 different countries with a total of 29000 rooms. Hong Leong Finance is the largest finance group in Singapore and is developing new financial products for its customers. The bid for Piermont Grand site indicates that developers are still upbeat for EC Land as there were a total of 17 bids for the plot of land located at Sumang walk. Piermont Grand EC is a joint venture with TID Residential. The company that submitted the bid was CDL Constellation.

Punggol Waterway District

Punggol Waterway District located near to Piermont Grand is set to be the digital district in Singapore and there are plans by the Government to introduce more amenities to Punggol Town based on the latest draft Masterplan. The Masterplan is underway to introduce more amenities and cater to the housing aspirations of many who is looking to settle down in the North Eastern part of Singapore

One of the new plans for Punggol will be a new heritage trail built along Old Punggol Road near to Piermont Grand Location. This was once the main transportation highway for Punggol fishermen and farmers who were trading their produce from their hometown to Serangoon. Hence, it’s a very familiar route to the Punggol resident.

New Heritage Trail at Punggol Waterway

This heritage trail near to Piermont Grand locationis expected to have at least 10-metre green buffering zone on ether sides of the way. This has been done to preserve the rustic ambience, as well as the green tunnel impact and great terrain of the Old Punggol Rd as stated by the Housing Board The HDB has also promised reliable and easy access to retail, dining, and some recreational facilities in the Punggol Waterway through the public transport, cycling, walking, and, probably, autonomous buses and the high demand shuttles as the project continues near to Piermont Grand CDL EC.

Punggol Town Hub (PTH) at Punggol District

However, in addition, they will be housing projects which will be designed to allow all visitors and residents to have easy access and to fully enjoy the seafront with zero limitations. The hub will be integrated and combined with the existing Promenade using the parks and green spaces. The Punggol residents will enjoy and experience more by the year 2021 as the Punggol Town Hub(PTH) will be opening, a new feature which will feature have a library and hawker centre among other social amenities.

Punggol Town Hub will be managed and controlled by the (PA) People’s Association, is expected to bring close all programmes and services offered bt the various agencies. The additional facilities in Punggol will bring in more conveniences and choices. Piermont Grand showflat will be available for sale soon.

Therefore, Punggol Residents can look forward to Piermont Grand Launch Date having a new public library, hawker centre, a good Punggol Vista CC that will be around seven times larger the size compared to void deck CC. Also, residents should expect health services centres and childcare centres at PTH. This would mean more amenities for Piermont Grand owners. Piermont Grand forum indicates that this is the only EC to launch in 2019. Piermont Grand EC psf indicative is around $1,100 psf.

The Punggol waterway 42,300 sqm great hub will be built just opposite Waterway Point, also next to upcoming Regional Sports Centre. The hub will be joined to the Punggol MRT, Sam Kee Station and Punggol Town Square. In order to promote good and healthy lifestyles to all, a cycling path has been set aside and is integrated with the major cycling paths of Punggol that passes by Piermont Grand location at Sumang Walk.

Piermont EC Site Plan and Floor Plans

Piermont EC Launch site and floor plans will be available soon. There will be different layouts to cater to different family sizes. Please do keep a lookout here for the latest site and floor plans. Piermont Grand CDL Forum will be available soon with the site and floor plans available.

Different Payment Schemes Available

There will be different payment schemes that are available for the Sumang Walk EC  Launch Date that caters to different buyers Piermont Grand. One of them is the normal payment scheme which payment starts based on the construction of the development. The other one is the deferred payment scheme which owners only start the installment when the development is completed. There will be CPF Housing Grants available for both options available. The different payment schemes will mean different pricing psf for the buyers as well as different payment structure.

  • Executive Condominiums are Rare and Attract Demands

    Executive Condominiums which is a private public housing hybrid is still highly sought after by investors. The reason is because there has not been a EC launched in Singapore for a long time and there is a backlog of buyers around in the Punggol area who are looking for an opportunity to invest in a good located EC in the Sumang Walk Punggol area. There are also many existing HDB owners who are looking to upgrade to private housing where there are more amenities available. Piermont Grand Executive Condo is located right in the heart of Punggol which is surrounded by existing HDB owners who are keen to sell off their HDB unit to move to Piermont Grand City Developments Limted.

  • Prices of Piermont Grand are Placed at a Discount

    All Singaporean who owns an executive Condominium enjoys the privilege of owning a full condo development facilities and at the same time enjoy private condo at discounted prices. Such executive condominiums always have at least around 20% to 30% discount when sold about their neighboring private condo, where the price tags always narrow down from MOP over time. This would mean the residents of Piermont Grand EC in the mature town of Punngol will get to enjoy capital gains over time.

    Imagine a neighbor purchasing an condominium having an average price ranging from $1,300to $1,400 per sqft whereas you have an entry price ranging from $1,000 psf, Piermont Grand EC CDL owners are in a perfect position of reaping fruits of the appreciation. Therefore, you should never miss out the amazing privilege cater from the Singaporean’s selected privileged class of owning a Executive Condominium.

  • Huge Potential to Appreciate When Piermont Grand is Privatized

    The executive condominiums are regulated under the HDB ruling which means that they are only allowed to be sold in an open market after the Minimum Occupational Period is attained. They have only one restriction which is to sell the condominiums to their foreigners since the restriction will be lifted 11 years from now henceforth. The capital appreciation of the property can be materialized immediately after the property can be transacted in an open market area in Singapore. Therefore, owners of Piermont Grand Punggol stands to gain equity through the selling of their development 2 times, when the Minimum Occupational Period (MOP) is attained as well as when it is fully privatized.

  • Additional CPF Housing Grants for Piermont Grand EC

    Piermont Grand project stays attractive to potential buyers who prefer condominium lifestyle which including having a private gym, the swimming pool, and the function room among others. What is more attractive is as Piermont Grand CDL is a EC, CPF Housing grants are also available up to $30,000 which its aim is helping the first-time homeowners be able to lower the purchasing cost in their first home. Such grants may be used in offsetting exercise fees of 15%. There are also some deferred payment schemes which are available if one needs to purchase Piermont Grand since it is not available in the private condominium market, which makes it an attractive and unique option for all the upgrades of HDBs from Singapore.

Strategic Location of Piermont Grand EC Near to Schools

Besides Piermont Grand strategic location near to public transport and shopping centers, Piermont Grand EC is located in the proximity of elite schools which adds more convenient to both children and parents when traveling to and from the school on the daily basis from Piermont Grand Punggol. Kids travel less time meaning they have adequate time to spend on education and doing homework after classes. Also, parents have sufficient time to do their work since they won’t go fetching children back home after classes. Piermont Grand showflat location is at Sumang Walk.

Joint Venture TID Residential Mitsui Fudosan Co and CDL Constellation

A total of 17 bids were received for Piermont Grand site when it was first launched for tender which suggest that developers are on the viewpoint that there is a backlog of ready buyers who are looking for a EC in the Punggol location such as Sumang Walk. Piermont Grand was later awared to a joint venture between City Development Limited subsidiary CDL Constellation and TID Residential. TID Residential is a joint venture between Hong Leong Holdings and Mitsui Fudosan Co. Analysts note that Piermont Grand at Sumang Walk should be well received as there has been an absence of ECs for a long time. Piermont Grand CDL will be a signature waterfront development with full frontage views of My Waterway@Punggol that will be well received by first timer applicants. Piermont Grand Punggol EC will also be well received by 2nd timers who are Punggol HDB upgraders. ECs are a good investment for 1st timers as the price is low compared to other new launches as Executive Condominiums are reserved for 1st timers and HDB upgraders.

Piermont Grand Executive Condo near to Country Clubs in Punggol

Piermont Grand Punggol sits at the city center at Beach Road and boast of being located in the vicinity of elite schools such as Punggol Green Primary School, Punggol View Primary School, Edgefield Secondary School, Horizon Primary School and Edgefield Primary School among others. The available schools of various diversity near to Piermont Grand location offer convenient and reduce traveling time thus making kids perform better and become productive people in the community.

Piermont Grand Punggol is located near to various country clubs which offers affluent individuals a unique platform to meet and have fun as they build social contacts, network and business deals among other things. Some of the highly rated country clubs offering perfect and world-class avenues for gatherings include Raffles town, Singapore Town, The American, The Tanglin, Hollandse, Civil Service, Singapore Polo, as well as Singapore Recreations Clubs providing all facilities among them function room, Golf Course, F&B, swimming pools and many more.

Lower Debts Ratio & Higher Stamps Duty

The government has just introduced a cooling measure which has provoked properties investors to think of new assets classes such as commercial and retail mix developments. Particularly, 2nd properties stamp duty has been increased by 5% from 7% to the current 12%, meaning, the buyers who want to buy 2nd properties have to look at freehold and quantum properties might cost higher in the city center. Comparatively to the recent new launches around the area, Piermont Grand EC pricing of $1,100psf seems to be lower price compared to other developments. ECs (Executive Condominium) will be a good buy due to the rising residential market with new launches around $1,400psf around the area even though Piermont Grand land bid is set at record land prices.

Piermont Grand Executive Condominium for HDB Upgraders

Piermont Grand EC particularly, is a executive condominium and its quantum is lower and therefore the stamp duties is also lower for either a 1st or 2nd property. Another added advantage, Piermont Grand Executive Condo is also found a few meters away from numerous retail centers, offices, and readily available tenants base once it’s completed. Purchasing of Piermont Grand EC is also highly encouraged for HDB upgraders as there is ABSD Remission which would mean that buyers do not have to pay for the ABSD first while waiting for Piermont Grand to be completed.

Punggol Digital District World Class Centre

Singapore’s Smart Nation Push has seen the Punggol Digital District being its first project and this will benefit the residents of Piermont Grand as the Executive Condominium is located at the Punggol District in Punggol Walk. The Digital District is set to be a world class vibrant district inclusive of everything that a smart district has. In other words, we are looking at a district where technology and social innovation will transform how we live, work, learn and even play.

Being the first district to adopt this master plan, it is envisioned that the Punggol Digital District will include the following as part of the integrated approach:

• A university
• Business park
• Community facilities

Digital Economy Centre of Digital Growth for Punggol

In an attempt to create synergies near to Piermont Grand Punggol, foster a vibrant community and enable the close integration of both academia and industry, Punggol Digital District will be the centre of digital economy growth. It will also create job opportunities for residents of Punggol and the northeast region.

Punggol Digital District will also be an ecosystem for innovations and will provide a conducive environment for the same. This will enable both businesses and the community to grow in a digital economy and benefit Piermont Grand Executive Condominium Residents. Moreover, the Singapore Institute of Technology’s (SIT) new campus will be co-located with the district. Together with JTC’s business park buildings, there will be great facilitation of industry and academia collaboration. This is possible through the exchange of ideas and knowledge among the professional and students.

Business in Punggol Digital District

Businesses in the district will be able to test and adopt the new ideas conceived in SIT. This will, in turn, contribute to a high rate of commercialization success. Being the first enterprise district in Singapore, Punggol Digital District near to Piermont Grand location gives flexibility of land use that enables it to provide greater space. For example, we could have all the SIT research labs and learning facilities located inside JTC business park buildings. Or better yet, JTC could also have industry R&D facilities creating space within SIT’s buildings. Piermont Grand E-Application will be available soon. Please see more details on the Sales Gallery once the showflat opens for viewing and application online. Piermont Grand Executive Condominium will be available soon right at the heart of Punggol Sumang Walk.

Apart from providing an inclusive green environment, the district will also include:

• A hawker center
• Childcare facilities
• Parks
• Community center
• Public Spaces

Enterprise District in Punggol

All these are aimed at ensuring that all the needs of the community are met including the residents of Piermont Grand. The project is also known as an “Enterprise District” and is so far been studied by the authorities to find out if the same model can be applied in other regions in future. What they are trying to envision is a whole lot of buildings being managed by a centralized system. The system will handle waste management, cooling and logistics for the whole district. With the Punggol Digitial District that is set to be near to Piermont Grand Executive Condominium at Sumang Walk, the development by City Developments Limited will be well received by the public.

Please see Piermont Grand EC CDL Site Plan and Floor Plans for more information with regards to Piermont Grand Sumang Walk EC.