Skip to content
cheapinsurersinyourstate.com

cheapinsurersinyourstate.com

Piermont Grand EC sells 375 of its own 820 systems over launch weekend

Jasper Rimmer, October 7, 2019

SINGAPORE – Piermont Grand manager residence (EC) – the first and also most likely only EC launch this year – marketed 375 systems of a complete 820 apartments at a common price of $1,080 per square feet (psf) over the launch weekend.

Must watch: Piermont Grand location

The 46 per-cent purchases obtained as of 6pm on Sunday (July 28) “makes Piermont Grand easily the very popular building launch in 2019”, pointed out programmer Metropolitan area Developments Limited (CDL) in a media release.

Entitled second-time buyers accounted for regarding 65 per cent of the systems sold, said CDL. Under EC policies, merely 30 percent of the task could be assigned to second-time purchasers in the course of launch. Those in this particular team unable to purchase during the first launch period can possibly do thus for remaining systems one month after the general public launch.

CDL said deferred payment was actually provided for this EC. Qualified shoppers may also obtain CPF real estate grants of as much as $30,000.

The 99-year leasehold growth forgets My Waterway @ Punggol, Singapore’s longest man-made river intercrossing through Punggol New City, and also is actually a three-minute walk to Sumang and Nibong LRT stations, which are actually linked to Punggol MRT station as well as bus variation.

Piermont Grand gives three-, 4- and also five-bedroom units. Apartment dimensions are coming from 840 straight feets (square feet) for a three-bedder to 1,701 square foot for a five-bedroom premium penthouse.

The systems were actually sold at around $1,080 psf, with rates beginning with $888,000 for a three-bedroom, $1.34 million for a four-bedroom fee and $1.508 thousand for a five-bedroom premium. CDL claimed take-up benefited all unit styles.

Savills Singapore investigation head Alan Cheong said this was the very first time ordinary rates for an EC crossed over $1,000 psf: “Great purchases offered the document costs as well as moribund economic climate.”

Said CDL general supervisor Chia Ngiang Hong: “We are very happy along with the powerful take-up for Piermont Grand, which shows its remarkable attributes. Located correct alongside 2 LRT stations as well as near Punggol MRT terminal, Piermont Grand is actually a brand-new EC that is actually indeed hard ahead through. Shoppers are actually likewise drawn in to the task as it is actually a site waterfront residence giving panoramas as well as glamorous conveniences.

” Our company have boosted the EC offering with effectively curated facilities and also premium fittings and also finishes that are comparable to exclusive apartments. Additionally, there is actually capacity for notable upside given the development’s closeness to the upcoming Punggol Digital Area.”

CDL is actually developing the Punggol EC with TID Pte Ltd, which a a shared project between Hong Leong Holdings and also Mitsui Fudosan Co

. They made the top quote of $509.37 thousand or even a record to S$ 583 psf every area proportion for the authorities land sales web site at Sumang Stroll in February in 2013, the only EC piece provided in 2018. The breakeven rate for systems at the development was actually determined at around $1,000 psf.

The progression is actually marketed by PERIOD, Huttons, OrangeTee & Association as well as PropNex.

Opinion

Post navigation

Previous post
Next post

Archives

Categories

Recent Posts

  • Top 10 Best Salwater Fishing Reels Comparison

  • Urban Outfitters Sherman Oaks

  • What Are the Key Advantages of Venturing Into Medical Billing and Coding?

  • Jordan Bomber Jacket Men

  • Top 10 Best Chronarch Micromodule Fishing Reel Handle Comparison

  • Top 10 Best Zebco Fishing Reel Parts Comparison

  • Brown Bomber Jacket Men Guide

  • Sugar Infant Boots

  • North Face Men Black Jacket

  • Levi’s Men’s Sherpa Jean Jackets

  • Child Baseball Boots

  • Men’s Black Nike Jackets

  • High Collar Tee Shirts

  • Denim Bomber Jackets Men’s

  • Mens Jacket for Winter

  • Men Polo Ralph Lauren Field Jackets

  • What Should You Not Wear in Europe?

  • Vintage Jordache

  • Powerful Kitchen Hand Mixer

  • Top 10 Best Ht Crappie Fishing Rod Comparison

  • Which Company Blazer Is Best?

  • Top 10 Best Penn Pursuit Ii Comparison

  • Top 10 Best Fishing Reel Dam Comparison

  • Blue and Black Striped Shirt

  • Shaggy Body Pillow

  • Top 10 Best Penn Fishing Reel 4000 Saltwater Comparison

  • Leather Bike Jacket Men’s

  • Dress Winter Jacket Men’s Large Sale

  • Top 10 Best Fishing Reel Handles For Shimano Reel Comparison

  • Top 10 Best Fishing Reels 50 Lbs Comparison

©2025 cheapinsurersinyourstate.com | WordPress Theme by SuperbThemes