Sumang Walk EC Land Bid
Source – The Straits Times
Singapore’s giant developer, TID and CDL secured the highly contested GLS with a total 17 contested bidder. All the tender offered bid price surpassed all the EC record price recorded in the year 2013.
The successful bid price was recorded at $509.37 million and it worked out to $583 psf per plot ratio. Sumang Walk EC developer was very positive at this EC site as it was just alongside to My Waterway at Punggol. With scarce EC land supply, this determines a strong demand for EC, especially in Punggol where massive planning is in placed by URA.
Sumang EC is launching with its named as Piermont Grand.