Piermont Grand is the only fully-built executive condominium (EC) that was awarded the highly sought-after Best Executive Condominium award during the EdgeProp Excellence Awards 2023. At the ceremony to award the winners on the 6th of October the iconic EC project was praised for its innovative design, landscaping and ingenuity methods of development.
Lentor Mansion ebrochure stand out as a hallmark of Singapore’s residential landscape.
The development was included in the shortlist of projects which were visited by the panel of judges this year. the site visit gave the judges a firsthand glimpse of the EC that has been completed by February. The judges were awed by Piermont Grand because of its versatility as a residential development that has won awards.
In the past, Piermont Grand won the Sustainability Excellence Award in the Uncompleted Residential (Non-Central) category at the EdgeProp Excellence Awards 2020. It is an EC project is co-developed with mainboard members City Developments and TID Residential.
A tribute to Punggol’s heritage of kelong
The panel of judges for the EPEA of 2023 acknowledged the architectural efforts from both the developers along with the architect P&T Consultants, which has ensured that the development is harmoniously integrated with the riverside landscape and are aware of current residential developments that surround it.
The design and architecture in Piermont Grand was inspired by the fishing villages and kelongs who were settling in the Punggol region. The earliest colonists were the first-time settlers in the area and remained in the area through the 1800s, until the 1980s and were then relocated to accommodate modern housing.
Piermont Grand scored very well in the category of landscape. Landscape consultant was the local landscaping studio Tinderbox.
Cascading water features enhance the landscape features throughout the development including the waterfalls that highlight the main entrance, to the striking infinity-edge lap swimming pool with a view of My Waterway @ Punggol, an artificial waterway which crosses Punggol New Town.
The areas that are landscaped throughout the project are complemented by the architectural designs of the recreation and facilities decks. They have designs that evoke the stilts of the traditional Kelongs.
A few of the water recreational facilities on the Piermont Grand include a family pool with a dipping pool and a play area for children and an hydrotherapy pool. Additional amenities include an exercise room, a barbecue area and view point, a play area an outdoor fitness area barbecue pavilion, a the community garden, reading areas as well as cabanas and tennis court.
The development is situated in Sumang Walk, Piermont Grand is one of its river-side development on My Waterway @ Punggol, and also joins other successful public housing projects that have won awards like Waterway Cascadia as well as Waterway Terraces I and II, and the Waterway Point, which is an integrated community. Waterway Point.
The development is located near Sumang in addition to Nibong LRT Stations, which are linked via Punggol MRT Station and Bus Interchange. Nearby, restaurants, shopping and entertainment facilities are available on Waterway Point, Punggol Plaza and Oasis Terraces.
High take-up rate
Piermont Grand comprises 13 blocks of 10to 18-storey residential towers. The 820-unit complex consists of three-to-five-bedroom apartments that span from 840 sq ft to 1,701 sq feet and 54 three-to-five-bedroom penthouse units ranging from 990 sq ft to 1,701 sq feet.
The prestigious attributes that characterize Piermont Grand translated into strong sales for the EC. The project was announced to sell in July of 2020. The launch, which took place over the weekend of July 27 – 28 saw the sale of 375 apartments (46%) snapped up by interested buyers. Prices began at $888,000 for a three-bedroom unit, and five and four-bedroom homes were priced between $1.34 Million between $1.34 million and $1.5 million.
As per developer sales figures according to developer sales data, the EC was around 70% sold within one year after its introduction and was sold out by the time it was finished in 2021. According to the transaction data collected from EdgeProp Singapore, the steady taking-up rate was also reflected in positive price rises.
In July of 2020, the average selling price was $1,080 per sq ft, and then it increased to $1,175 per psf by July 2021. At the time that the project was sold out completely in December 2022, it was $1,338 per sf.
As per the caveats, most expensive unit that was sold on the market at Piermont Grand is a 1,507 sq ft, five-bedroom property located on the eighth floor. It was sold for $1.831 million ($1,216 per square foot) during the month of December. It was followed closely by the purchase of another 1,507 sq ft five-bedder located on the 13th floor. The deal was negotiated by developers developer at a cost in the range of $1.827 million ($1,213 per square foot) in November 2021.