Piermont Grand: Cornerstone EC in Punggol town

/ EdgeProp Singapore |

October 13, 2023 8:20 AM SGT

The architecture and overall design of Piermont Grand was inspired by the fishing villages and kelongs that had settled in the Punggol area. (Picture: Albert Chua/The Edge Singapore)

Join our Telegram channel and follow our Facebook for the latest update.

Piermont Grand is the only completed executive condo (EC) that took home the coveted Top Executive Condominium Award at the EdgeProp Excellence Awards 2023. At the awards ceremony on Oct 6, the landmark EC project was celebrated for its leading design, landscape and innovative development practices.

The project was among a shortlist of projects that were visited by the panel of judges this year; the site visit provided a first-hand look at the EC which was completed in February. The judges praised Piermont Grand for its all-roundedness as an award-winning residential development.

Previously, Piermont Grand won the Sustainability Excellence Award in the Uncompleted Residential (Non-Central) category at the EdgeProp Excellence Awards 2020. The EC project is jointly developed by mainboard-listed City Developments and TID Residential.

A homage to Punggol’s kelong heritage

The judges of this year’s EPEA 2023 recognised the architectural efforts of the developers and the architect, P&T Consultants, which have ensured that the development blends with the riverside environment and are cognisant of the existing residential developments around it.

The architecture and overall design of Piermont Grand was inspired by the fishing villages and kelongs that had settled in the Punggol area. These early settlers were pioneers of the land, and stayed in the area from the 1800s until the 1980s, when they were relocated to make way for modern housing.

Piermont Grand scored very well in its landscape category. The landscape consultant for this project was local landscape studio Tinderbox.

Cascading water features accentuate the landscape spaces throughout the development, from the waterfalls highlighting the main entrance to the prominent infinity-edge lap pool overlooking My Waterway @ Punggol, an artificial waterway crossing Punggol New Town.

The award judges had a first-hand look at the landscape, design and liveability features at Piermont Grand. (Picture: Albert Chua/The Edge Singapore)

The landscaped areas throughout the project work with the architectural expressions of the facilities and recreation decks, which have designs that are reminiscent of the stilt structure of traditional kelongs.

Some of the recreational water facilities available at Piermont Grand include a family pool, a dipping pool, a children’s play pool and a hydrotherapy pool. Other amenities include a gym, a BBQ pavilion and lookout point, a play lawn, outdoor fitness area, BBQ pavilion with community garden, reading corners, cabanas and a tennis court.

Located along Sumang Walk, Piermont Grand rounds out the riverside developments along My Waterway @ Punggol, and joins other award-winning public housing projects such as Waterway Cascadia and Waterway Terraces I & II, as well as integrated development Waterway Point.

The development is close to Sumang and Nibong LRT Stations, which are also connected to Punggol MRT Station and Bus Interchange. Nearby, shopping, dining and entertainment amenities can be found at Waterway Point, Punggol Plaza and Oasis Terraces.

Strong take-up rate

Piermont Grand comprises 13 blocks of 10- to 18-storey residential towers. The 820-unit project consists of three- to five-bedroom units that range from 840 to 1,701 sq ft, as well as 54 three- to five-bedroom penthouse units of 990 to 1,701 sq ft.

The award-winning attributes of Piermont Grand translated into strong sales for the EC. The project was launched for sale in July 2020. Its launch, over the weekend of July 27 and 28, saw 375 units (46%) snapped up by eager buyers. At the time, prices started from $888,000 for a three-bedder, while four- and five-bedroom units were going for between $1.34 million and $1.5 million.

Piermont Grand scored very well in its landscape category. The landscaped areas throughout the project tie in with the architectural expressions of the amenities. (Picture: Albert Chua/The Edge Singapore)

According to developer sales data, the EC was about 69% sold within a year of its launch and was fully sold by the end of 2021. According to transaction data tabulated by EdgeProp Singapore, the steady take-up rate also translated to positive price increases.

At its launch in July 2020, the average selling price was about $1,080 psf, before increasing to $1,175 psf in July 2021. By the time the development was fully sold in December 2022, the price was about $1,338 psf.

According to caveats, the most expensive unit sold at Piermont Grand is a 1,507 sq ft, five-bedroom unit on the eighth floor that fetched $1.831 million ($1,216 psf) in December 2021. This is closely followed by the sale of another 1,507 sq ft five-bedder on the 13th floor; the sale was by the developer at a price of $1.827 million ($1,213 psf) in November 2021.

Check out the latest listings for Piermont Grand properties

Tags: