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Piermont Grand EC sells 375 of its 820 units over launch weekend break

Anthony Case, October 7, 2019

SINGAPORE – Piermont Grand manager condominium (EC) – the very first and also very likely just EC launch this year – offered 375 devices of a complete 820 houses at a common cost of $1,080 every sq ft (psf) over the launch weekend.

Put forward: Piermont Grand showflat

The 46 per cent sales obtained as of 6pm on Sunday (July 28) “creates Piermont Grand by far the very successful residential or commercial property launch in 2019”, claimed creator Area Dope Limited (CDL) in a news releases.

Entitled second-time purchasers represented regarding 65 percent of the devices offered, said CDL. Under EC policies, merely 30 percent of the venture can be allocated to second-time customers during the course of launch. Those within this group not able to acquire during the first launch period can possibly do thus for staying units one month after the public launch.

CDL said deferred payment was provided for this EC. Qualified buyers can likewise get CPF property grants of approximately $30,000.

The 99-year leasehold growth forgets My Waterway?@?Punggol, Singapore’s longest synthetic river intercrossing via Punggol New City, and also is actually a three-minute walk to Sumang as well as Nibong LRT terminals, which are connected to Punggol MRT terminal and bus interchange.

Piermont Grand provides three-, four- as well as five-bedroom devices. Home dimensions are coming from 840 straight feets (square feet) for a three-bedder to 1,701 sq ft for a five-bedroom costs aerie.

The systems were actually sold at approximately $1,080 psf, along with prices starting from $888,000 for a three-bedroom, $1.34 million for a four-bedroom premium as well as $1.508 million for a five-bedroom costs. CDL claimed take-up benefited all system styles.

Savills Singapore analysis scalp Alan Cheong stated this was actually the very first time common prices for an EC changeover $1,000 psf: “Superb sales given the document rates and also moribund economic climate.”

Said CDL standard supervisor Chia Ngiang Hong: “Our company are incredibly pleased along with the solid take-up for Piermont Grand, which reflects its own remarkable features. Situated best beside pair of LRT stations and also near Punggol MRT terminal, Piermont Grand is actually a brand new EC that is indeed tough to find by. Purchasers are also attracted to the job as it is a site beachfront residence delivering panoramas and also elegant comforts.

” We have boosted the EC offering with effectively curated locations and also costs fittings as well as surfaces that approach private apartments. Additionally, there is possibility for considerable benefit provided the growth’s closeness to the upcoming Punggol Digital Area.”

CDL is creating the Punggol EC along with TID Pte Ltd, which a a joint venture between Hong Leong Holdings and Mitsui Fudosan Co

. They brought in the top proposal of $509.37 thousand or a file to S$ 583 psf per lot ratio for the authorities property purchases internet site at Sumang Walk in February in 2015, the only EC piece delivered in 2018. The breakeven cost for units at the growth was actually predicted at around $1,000 psf.

The advancement is marketed through TIME, Huttons, OrangeTee & Association as well as PropNex.

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