April 2019

Piermont Grand Punggol Digital District Facilities by CDL

Located in Punggol area in the North-Eastern Region of Singapore, Piermont Grand is a lavish residential setting by City Developments Limited (CDL). Sitting on one of Singapore’s property hotspots, Piermont Grand Sumang Walk isn’t only a prime waterfront community but also a spectacular living haven where classic architecture blends into the utmost riverine serenity.

Piermont Grand Executive Condo Facilities

Developed by one of the reputed companies in the real estate industry, this executive condominium features some of the high-end resources and facilities you’ll only find in the country’s best estates. Some of the unique features include but not limited to; a guard house, tennis court, clubhouse, indoor gym, swimming pool and children’s playground.

Piermont Grand 820 Residential Units at Sumang Walk

Executive condominiums are some of the sought-after properties by investors since it attracts more residents and offers greater returns. The private and public housing hybrid makes it perfect for people looking forward to upgrading their living spaces without incurring more than they can afford. With 820 residential units on a prime piece of land located on a peaceful and exquisite vicinity, it’s almost guaranteed that everyone interested will find his/her perfect spot. While the condos are in high demand, the early birds would probably have many options to choose from. Whether you’re in for an EC piece overlooking Punggol’s green spaces or directly facing Tanjong Peninsula- this development has got you covered.

The strategic location of Piermont Grand Executive Condo sits makes it easy to access some of the best schools, public parks, childcare facilities, shopping malls, and healthcare centers. Some of the elite schools include Punggol Green & Punggol View primary schools, and the Edgefield Secondary school. Plans to set up a university, business parks, and other community facilities are also underway.

Investing in Piermont Grand EC at Punggol Digital District

If you’re in for a social and meeting hub in the area, there are several country clubs where you’ll meet the great minds to network and build great connections. Among the best clubs where you’ll find world-class facilities for gatherings and casual meet-ups include The Tanglin, Singapore Polo and The American.

The digital economy and the vibrant master plan adopted within the region will see the economy of the area grow significantly. This will attract more investors resulting in more business opportunities and a rise in demand for residential spaces.

While this condo is located in an affluent and prime neighborhood, the pricing is still very reasonable. Singapore’s rising real estate market has seen the property stamp duties increased as many developments launches across the country. That said, the Piermont Grand Executive Condo is of great value for someone looking for a good buy in a promptly rising economy.

Kampong Java Road Tender at Newton Road

The Kampong Java is a subzone that is located within the area of planning for Kallang, Singapore. This is clearly described by the Urban Redevelopment Authority (URA). It has the Central Expressway (CTE) to the west and Balestier Road to the north making it easily accessible.

Kampong Java Road Tender by URA

On the 15th of January, the tender for the residential site at the Kampong Java Road was finally brought to an end. The residential site was approximately 125,326 square feet. At the closing of the tender, a total of seven bids had been submitted. The highest bidder was Marina Gardens Condo CELH Development which is a Singaporean unit that has been registered as a property and construction developer with the Chip Eng Seng Corp. The bid was of about 418.8 million dollars which translates to a $1,192 per square feet ppr. The second top bidder was from Guocoland with an amount of 417.24 million dollars. This translates to $1,189.97 per square feet ppr. The newest development will be Kopar at Newton by Chip Eng Seng. Kopar at Newton is under the Government Land Sales Tender and is the lowest priced tender.

Chip Eng Seng Top Bid for Newton MRT Station Site

The Kampong java site has a floor area of 350,914 square feet which is the maximum gross. This makes the site ideal for the development of a new 436 unit’s private condominium. The government land sale (GLS) list confirmed the Kampong java site as the first residential land that was private. After the size guidelines for the minimum average unit was announced in October the site was put up for launch. In regards to the expectations of many people, the top bid was considered to be very low. This was in comparison to the bids for the Fourth Avenue GLS site and the Frasers property. The developer is CEL Development and is located at Kampong Java Road near to Newton MRT Station.

In regards to the Chip Eng Seng bid price, Colliers Song calculated the breakeven price at 1,700 dollars per square feet while the selling price calculated at 1,900 dollars to 2,000 dollars per square feet for the upcoming project. Chip Eng Seng is considered very ready to restock its land bank after the successful launching of Park Colonial in July.

Kampong Java Road Located at District 9 Singapore

The Kampong java site is a land parcel that is found within district 9 and is very close to the Newton MRT station. According to Lee Nai Jia who is a senior director and head of research at the Knight Frank Singapore, its location is ideal for all workers in the Orchard road, the Central business district and the Novena medical cluster. The new construction on the Kampong java site is expected to be pleasing to potential investors and homebuyers.

Meanwhile, Ong Teck Hui who is a senior director for research and consultancy at JLL explains that there has been a significant increase in new units in the above areas. This has largely been contributed by the increased land sales over the past two years in the prime districts.