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The Housing and Development Board (HDB) has a residential site in Sumang Walk, an extension of Punggol Central, as part of Government Land Sales (GLS). This land parcel is bounded by Sumang Walk, Sumang Link and Punggol Way. It is under the Punggol Planning area and is located in the North-East Region of Singapore. This land site in Sumang Walk, is listed under the reserved list of sites and is allocated to be developed into an Executive Condo (EC). It has a land site area of 291,693 square feet land and is expected to house 820 residential apartments.
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The EC site at Sumang Walk, while attractive because of its proximity to Punggol MRT station and the newly completed Waterway Point shopping centre, is unlikely to be triggered for tender given the unsold EC inventory and its large land parcel size, Mr Lim said. Reserve list sites are triggered for a public tender only if a developer makes an acceptable opening offer. Ec site at Suman Walk Punggol Central Marina Country Club
“In view of the currently strong supply of EC in the market, it is unlikely the EC site at Sumang Walk will be triggered for tender in the next 6 months. In today’s market, the land price for this site is estimated to range between S$280 to S$300 psf ppr,” added Mr Nicholas Mak, head of Research & Consultancy at SLP International Property Consultants.