PIERMONT GRAND OFFICIAL ANNOUNCEMENT
Welcome to Piermont Grand Official Website.
Register your Interests or E-application with us to get priority showflat viewing
Enjoy Direct Developer Price + Additional Discount
[Last updated on 16 August 2020]
22-June-2020: [NEWS] Income Ceiling for Executive Condominium has been adjusted to 16,000
21-June-2020: Thank you for your continuous support. Register for Showflat Viewing with us before Price Increment
20-June-2020: Submit your E-Application to check Eligibility and Grant
Developer Fact Sheet
Project Name
Piermont Grand
Developed By
City Development Limited
Project Type
Executive Condominium
Address
Sumang Walk
Number of Units
820 Units
Estimated TOP
To be Advised
Project Details
- Piermont Grand Location -
Piermont Grand EC sits on the land parcel that is slated to be Singapore’s first Digital District and is located near to many transport options available around the Punggol area. Piermont Grand EC is just moments away to My Waterway@Punggol . A unique and serene lifestyle awaits you at Punggol Piermont Grand. This EC will be located near to JTC Business Park in Punggol as well as The 5th University – Singapore Institute of Technology.
- Check Eligibility -
As Executive Condominium is subjected to some eligibility checklist by HDB, it is not applicable for everyone. Therefore, it is important to check if you’re qualified before you book any unit with us. The purpose of E-Application also helps to check on the Eligibility, Grants and Resale Levy. Only Buyers who have submitted their E-Application and have successfully been accepted will be eligible to book a unit on Balloting Day itself.
- Floorplans -
A wide range of Unit Mix that Designed with an Effective and Premium layout to delivery comfort to your family and love ones. 1 to 5 bedroom options are available to encourage Multi Generation as well as option for Flexibility in layout
Why Piermont Grand?
Executive Condominiums which is a private public housing hybrid is still highly sought after by investors which only the privileged can apply. The reason is because there has not been a EC launched in Punggol for a long time and there is a backlog of buyers around in the Punggol area who are looking for an opportunity to invest in a good located EC in the Sumang Walk Punggol area. There are also many existing HDB owners who are looking to upgrade to private housing where there are more amenities available. Piermont Grand Executive Condo is located right in the heart of Punggol which is surrounded by existing HDB owners who are keen to sell off their HDB unit to move to Piermont Grand City Developments Limted.
All Singaporean who owns an executive Condominium enjoys the privilege of owning a full condo development facilities and at the same time enjoy private condo at discounted prices. Such executive condominiums always have at least around 20% to 30% discount when sold about their neighboring private condo, where the price tags always narrow down from MOP over time. This would mean the residents of Piermont Grand EC in the mature town of Punngol will get to enjoy similar capital gains at a much lower risk over time.
First-Timer Purchaser may enjoy up to additional 30,000 Housing Grant, which is a Privilege to first time Singaporean home buyers.
For Executive Condominium, Purchasers have options to use Normal Payment Scheme(NPS) or Deferred-Payment Scheme(DPS) should they wish to start the loan after completion of the project. Furthermore, Executive Condominium Upgraders who currently owned HDB will not be required to pay Additional Buyer Stamp Duties (ABSD) outfront.
With the above schemes, it make upgrading more flexible and ease the financing of second-timers who find it challenging on the initial down-payment.
Piermont Grand will enjoy seamless connectivity via LRT, MRT, Bus and Expressway around Singapore.
- Bus Interchange
- Punggol MRT
- Punggol Coast MRT
- Sumang LRT
- Nibong LRT
- TPE Expressway
Punggol Digital District (PDD) brings together the Singapore Institute of Technology (SIT)’s campus and JTC’s Business Park spaces within Punggol North to create Singapore’s first truly smart district. PDD will not just house the key growth industries of the digital economy like cybersecurity and digital technology, but will also be an inclusive and green lifestyle destination for the surrounding community.
This will bring potential upside to capital appreciation and rental opportunity in future.
Got a question on Piermont Grand EC?
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About Punggol
Future Potential of Punggol
Punggol Waterway District located near to Piermont Grand is set to be the digital district in Singapore and there are plans by the Government to introduce more amenities to Punggol Town based on the latest draft Masterplan. The Masterplan is underway to introduce more amenities and cater to the housing aspirations of many who is looking to settle down in the North Eastern part of Singapore One of the new plans for Punggol will be a new heritage trail built along Old Punggol Road near to Piermont Grand Location. This was once the main transportation highway for Punggol fishermen and farmers who were trading their produce from their hometown to Serangoon. Hence, it’s a very familiar route to the Punggol resident.
The Future of Punggol Transformation Awaits
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