City Developments reveals stake in joint venture that clinched Sumang Walk site

[reporter2]

City Developments reveals stake in joint venture that clinched Sumang Walk site

Thu, Mar 08, 2018

Lee Meixian


CITY Developments (CDL) on Thursday revealed the proportion of its stake in a joint venture it formed with TID Residential (TIDR) to successfully clinch the tender for an executive condominium site at Sumang Walk last month.

The interest holdings of CDL and TIDR in the Sumang Walk property project are 60 per cent and 40 per cent respectively.

The site was clinched for S$509.37 million, or a record S$583 per sq ft per plot ratio.

TIDR is a subsidiary of Hong Leong Holdings (HLH). Hong Leong Investment Holdings (HLIH) is the ultimate holding company of HLH. HLH and HLIH are also controlling shareholders of CDL.

[joshmichael]

[QUOTE=reporter2;534334]City Developments reveals stake in joint venture that clinched Sumang Walk site

I am pretty excited for this new EC launch in Sumang Walk. Heard the name is Piermont Grand (https://www.thepiermonts-grand.com/). I managed to find a website that provided alot of info, the link ill leave it below. Good thing about Executive Condominiums is the highly attractive price (https://www.thepiermonts-grand.com/pricing/) that fits the criteria of most buyers. Also the area is upcoming with plenty of transformation and changes. Its gonna be exciting to see the development. According to the URA Masterplan (https://www.thepiermonts-grand.com/punggol-ura-master-plan/) , the Punggol Area is transforming to become the Punggol Digital District. Huat Liao lo! hahah

THe Sumang Walk area is also quite close to amenties according to this map (https://www.thepiermonts-grand.com/location-map/). Im really excited for this development.

Link here: https://www.thepiermonts-grand.com/

[Developer Sales]

City Developments reveals stake in joint venture that clinched Sumang Walk site

I am pretty excited for this new EC launch in Sumang Walk. Heard the name is Piermont Grand (https://www.thepiermonts-grand.com/). I managed to find a website that provided alot of info, the link ill leave it below. Good thing about Executive Condominiums is the highly attractive price (https://www.thepiermonts-grand.com/pricing/) that fits the criteria of most buyers. Also the area is upcoming with plenty of transformation and changes. Its gonna be exciting to see the development. According to the URA Masterplan (https://www.thepiermonts-grand.com/punggol-ura-master-plan/) , the Punggol Area is transforming to become the Punggol Digital District. Huat Liao lo! hahah

THe Sumang Walk area is also quite close to amenties according to this map (https://www.thepiermonts-grand.com/location-map/). Im really excited for this development.

Link here: https://www.thepiermonts-grand.com/

Link here: https://piermontgrand-developer-sales.com/