Record land bid for Sumang Walk EC by CDL

Attractive attributes of Sumang Walk EC land parcel resulted in 17 developers all submitting bids at record prices, and highest bidder for Sumang Walk EC is CDL.

CDL’s top bid, submitted jointly with TID Residential, works out to $583 per sq foot per plot ratio.

As a result, higher selling price is expected when CDL launches this EC development for sales, estimated around June 2019.

Attributes of Sumang Walk EC by CDL

Let’s now summarise what the attractive attributes are:

  • located adjacent to My Waterway @ Punggol

Being doorstep to this 4.2km waterway that link up reservoirs at Sungei Punggol and Sungei Serangoon already has several plus factors:

~ stunning view from your apartment

~ engage in various lifestyle activities along the waterway and at activity clusters in Punggol

~ scenic route for your daily commute (walk or cycle) to train station or bus interchange

  • near Punggol Town Centre

Needless to mention, we all know this means plenty of amenities (including MRT and bus) and daily conveniences will easily be available.

  • Punggol semi-expressway

Your exit from Punggol town is only one junction away via this route

  • Punggol Digital District

Projected to create 28,000 jobs, Punggol Digital District is within close proximity to Sumang Walk EC by CDL.

When ready in 2023, this 50ha development “combines amenities for the community with a business park and university (“SIT University”).

  • Seletar Aerospace Hub

Having grown into a leading regional hub for aerospace activities with a growing population of over 6,000 professionals, Seletar Aerospace Hub is still transforming and is embarking on new phases of development.

With more job opportunities created here and Punggol Digital District, it adds value to Sumang Walk EC by CDL when it crosses the 5-year mark of your stay there.

Quality home at Sumang Walk EC by CDL

CDL is well known among home buyers to deliver quality homes, incorporating ‘green’ features into its development.

Reported in Straits Times, CDL is exploring 13 blocks of 10 to 13-storey, should they be awarded this EC development.

“To maximise the scenic views, windows will be oriented towards Punggol Reservoir and My Waterway@Punggol. The sizeable land area will also allow for generous landscaping,” CDL said.

Upcoming development by CDL

Home buyers looking to buy executive condo in the East area have a longer wait, as the land site at Tampines Ave 10 for EC development is on reserve list.

With EC land bids hitting record high due to insufficient supply or no supply for long interval, there’s possibility that Tampines Ave 10 EC land will receive bids at par with land price for Tampines Condo by CDL at Tampines Ave 10 (“The Tapestry”), at $565.42 back in Apr 2017.

Perhaps it’s wise for buyers to consider setting their home at The Tapestry, instead of waiting to buy an EC in east area, which comes with a 5-year wait before they can capitalise on it.

CDL is targeting to open The Tapestry showflat for preview in mid-March.

Looking to upgrade your lifestyle?

Be it an executive condominium or private residential apartment, call developer’s appointed marketing agent at tel no. 96700937 to discuss which suits you best, or submit the form here for information on your intended purchase.