Sumang Walk EC Site Attracts 17 Bids
The EC plot in Sumang Walk is hotly contested by 17 hopeful developers in Feb 2018. City Developments and TID Residential emerged winner with a considerably high bid of $509.37 million. Translating to $583 per sq per plot ratio, the estimated breakeven price of Piermont Grand is between $1000 to $1100 psf.
The developer CDL is looking to build about 820 homes spreading into 13 blocks of 10 to 17 storeys.
Source: propertyguru.com.sg
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