Piermont Grand EC

The only new Executive Condominium in 2019. 369 units sold on the first day!
Project Details
Project DetailsPiermont Grand Executive Condominium @Sumang Walk 星水嘉园
Location22, 24, 26, 28, 30, 32, 34, 36, 38, 40, 42, 44, 46 Sumang Walk in Punggol town
District19
DeveloperPavo Properties Pte Ltd (JV between CDL Constellation Pte. Ltd. and TID Residential Pte Ltd)
ArchitectP & T Consultants Pte Ltd
BuilderWoh Hup (Private) Limited
Site Area291,235 sq ft / 27,057 sqm
No. of Blocks13 blocks
No. of Storeys9 to 18 storeys
Site UseResidential Flat Developement
Tenure99-year leasehold from 4 June 2018
Total No. of Units820 units
No. of Car Park LotsBasement carpark, 820+6 handicapped lots
Expected Date of TOPEst. 28 Feb 2023

Piermont Grand EC @Sumang Walk Price

The joint venture between City Developments’ fully owned subsidiary CDL Constellation 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. Piermont Grand EC @Sumang Walk 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).

It is estimated CDL and TID’s breakeven cost at close to S$1,000 psf. Piermont Grand EC @Sumang Walk launch price may range from about $1,100 to about $1,200.

(All prices for Piermont Grand displayed here are for reference purposes. Prices are subject to change from time to time without prior notice. This webpage cannot be held responsible for any inaccuracies, omissions and/or dispute.)

3 BEDROOM

From $902k

247 UNITS

840 – 990 sqft / 78 – 92 sqm

3 BEDROOM SUPERIOR

SOLD OUT

109 UNITS

904 – 1044 sqft / 84 – 97 sqm

3 BEDROOM DELUXE

SOLD OUT

77 UNITS 

947 – 990 sqft / 88 – 92 sqm

3 BEDROOM PREMIUM

SOLD OUT

108 UNITS

1012 – 1130 sqft / 94 – 105 sqm

4 BEDROOM PREMIUM

From $1.37M

192 UNITS

1302 – 1367 sqft / 121 – 127 sqm

5 BEDROOM PREMIUM

From $1.53M

87 UNITS

1432 – 1507 sqft / 133 – 140 sqm

Check on Balance Units availability or review the floor plan of unit type.

Buyer's Stamp Duty

Buyer’s Stamp Duty (BSD)

Purchase Price or Market Value of the Property BSD Rates for Residential Properties BSD Rates for Non-Residential Properties
First $180,000 1% 1%
Next $180,000 2% 2%
Next $640,000 3% 3%
Remaining Amount 4%
Housing Loan Information

Residential Home Loan Regulations (MAS)

First Loan Second Loan Third Loan
Loan Tenure Up to 30 years 31-35 years Up to 30 years 31-35 years Up to 30 years 31-35 years
Age Age used to calculate loan tenure, will be based on income-weighted
Up to 65 Up to 70-75 Up to 70-75 Up to 65 Up to 70-75 Up to 70-75 Up to 65 Up to 70-75 Up to 70-75
Maximum LTV Limit 75% 55% 55% 45% 25% 25% 35% 15% 15%
20% (non-individuals)
Minimum Cash Downpayment 5% 10% 10% 25% 25% 25% 25% 25% 25%
Gaurantors / Co-borrowers All Co-borrowers must be mortgagors.
Guarantors must be co-borrowers if the latter did not pass the TDSR criteria
Mortgage Servicing Ratio N/A
Total Debt Servicing Ratio 60%
Stress Test Interest Rate 3.5%
Normal Payment Scheme

Also known as Progressive Payment Scheme, allows you to service your loan via monthly instalments progressively stage by stage as the property is being built.

Stage Payment Under a Standard Payment Scheme (% of Purchase Price)
Upon the grant of Option to Purchase 5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date 20% less Booking Fee
Completion of foundation work 10%
Completion of reinforced concrete framework of unit 10%
Completion of partition walls of unit 5%
Completion of roofing/ceiling of unit 5%
Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit 5%
Completion of car park, roads and drains serving the housing project 5%
Notice of Vacant Possession (TOP) 25%
On Completion date 15%

Piermont Grand EC @Sumang Walk Location

Located very close to LRT and MRT stations as well as a bus interchange, the Piermont Grand EC @Sumang Walk provides excellent accessibility. It is also right next to My Waterway@Punggol, and offers the opportunity to create a landmark waterfront residence with pleasant views.

Residents will enjoy waterfront living with the Piermont Grand EC @Sumang Walk situated right next to My Waterway@Punggol, which is part of the North Eastern Riverine Cycling Park Connector green corridor. Providing ease of transport, the Piermont Grand EC @Sumang Walk is within 100 metres to Sumang LRT station and 550 metres to Punggol MRT/LRT station and bus interchange. It is also well-connected to other parts of Singapore via major arterial roads, Kallang-Paya Lebar Expressway (KPE) and Tampines Expressway (TPE), making the Central Business District and Orchard Road just a 25-minute drive away. Nearby amenities such as Waterway Point, Punggol Plaza and Seletar Mall provide comprehensive shopping, dining and entertainment options.

In addition, more than 10 primary schools are located within a two kilometre radius of the Piermont Grand EC @Sumang Walk, including the popular Mee Toh School and Horizon Primary School. Punggol Town will also be home to the Singapore Institute of Technology’s (SIT) new campus. SIT’s co-location with JTC’s business parks will facilitate the cross exchange of knowledge and collaboration among students, faculty and industry professionals. Moreover, the Urban Redevelopment Authority has recently announced that Punggol will be Singapore’s first Digital District, integrating business and education, and driven by technology, social and urban innovation. This district will include sectors of the digital economy such as cyber security, artificial intelligence and Internet of Things (IoT) which will drive Singapore’s Smart Nation initiative.

Amenities @Piermont Grand EC

What's nearby?
CatergoryAmenitesApprox Distance
MRT StationPunggol MRT (NE17)0.55km
Sumang LRT0.10km
Bus StopsSoo Teck STN (65141) Services:430.58km
Punggol Interchange0.55km
SchoolsPunggol Green Primary School<1km
Punggol Cover Primary School<1km
Punggol View Primary School<1km
Mee Toh School1 - 2 km
Rivervale Primary School1 - 2 km
Shopping MallsWaterway Point0.55km

The residential eco-town of Punggol, set amid nature with lush greenery and nurturing waterways, is poised for its next phase of development, at Punggol Point and Punggol Digital District. The promise of new jobs and a nearby tertiary institution add to the appeal of Punggol, along with more community and recreational facilities.

Want to know how Punggol Area is planned with the comprehensive range of facilities to meet the needs of current and future residents? Check out the Punggol Area URA Master Plan.

Piermont Grand EC @Sumang Walk Site Plan

Located very close to LRT and MRT stations as well as a bus interchange, the Piermont Grand EC @Sumang Walk provides excellent accessibility. It is also right next to My Waterway@Punggol, and offers the opportunity to create a landmark waterfront residence with pleasant views.

To maximise the scenic views, windows of Piermont Grand EC @Sumang Walk will be oriented towards Punggol Reservoir and My Waterway@Punggol. The sizable land area will also allow for generous landscaping.

Piermont Grand Balance Units

Refer to the illustration below for the Balance Units. Contact us to find out more details.

Piermont Grand Site Plan with Balance Units 20200823

Piermont Grand EC @Sumang Walk Floor Plan

The Piermont Grand EC @Sumang Walk is designed to accommodate all your needs, a love nest for younger families or even multi-generational living. Coming Soon. Stay tuned for the floor plans of the units available in Piermont Grand EC @Sumang Walk.

hausonhandycondo-download-pdf

Click the button above to view & download the Full Piermont Grand EC @Sumang Walk Floor Plan.

How to read Floor Plan

Is floor plan easy to understand? Whereas it is exciting to read floor plans, compare them and hopefully make the decision, sometimes it can be confusing due to the many unfamiliar symbols and different types of lines. Armed with some basic knowledge, you will be able to gain more information from floor plans.

Doors

When reading floor plan, it is easier to first visualise yourself at the main door. That helps you better understand how living room, kitchen, bedrooms are connected.
Doors are quarter-circles on the floor plan. The arc of the door symbol indicates if the door swings inwards or outwards.

Windows

Windows are marked with thin hollow lines. There are two types of windows in Singapore – the sliding window and the casement window. The difference is that casement windows usually come in pairs.

Walls

You can quickly notice these bold lines and normal lines by looking at its thickness from the floor plan.

  • Bold lines are structual walls which cannot be hacked.
  • Normal lines are non-structual walls which usually can be safely removed. Non-structural walls seperate one room from another.

 

* For development using prefabricated structure, walls are indicated as normal lines but they cannot be hacked. You need to check the brochure if it is prefabricated units before planning any renovation work.

Facing

It is important to know the facing of doors and windows. The facing of North is usually indicated at the corner of the floor plan and is easier to tell directions from the site plan.

Symbols of door and windows on the floor plan and Their Meanings

sumangwalkec-floor-plan-symbols

Piermont Grand EC @Sumang Walk Showflat

Direct-Developer-Sale

Location, Opening Hours

The location of Piermont Grand EC @Sumang Walk showflat is close to the actual site.

Kindly book an appointment here before making your way down to view Piermont Grand EC @Sumang Walk Showflat as it may be closed at certain days/time.

Online registrants who have booked an appointment here will be able to receive Direct Developer Price and need not pay any commission. Please be informed that units for sale at Piermont Grand EC @Sumang Walk are on first come first serve basis.

things-to-check

Things to Take Note Before Visiting Piermont Grand EC @Sumang Walk Showflat

  • How are you affected by the MSR(Mortgage Servicing Ratio)? You will need to know the bracket you are in. Find out more using the MSR calculator.
  • On the actual launch date, you will need to understand how the Balloting System works.

 

Alternatively, you may simply book an appointment by filling up the form below and let us contact you. Our experienced sales team is able to assist you throughout the process.

Book An Appointment To Get Direct Developer Price

Register Interest

Basic EC Eligibility Checklist

SC + SC/SPR
 Family Nucleus
 Household Income below $16,000
 Bought only one subsidised HDB flat or never
 5-year MOP met (for BTO only)
 Non-Ownership of Private Property (Local/Overseas)

Step 1 of 2

50%
  • Showflat openning from Fri, 12 July 2019.
  • Select your most preferred bedroom size. You can always change your preference later.
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