PIERMONT GRAND EC

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ECs has the
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Hold the least risk
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LOCATION and AMENITIES- PIERMONT GRAND

FACILITIES and SITE PLAN E-BROCHURE- PIERMONT GRAND

View Floor Plans HERE

RESIDENTIAL FLOOR PlANS E-BROCHURE- PIERMONT GRAND

View Prices and Available Units HERE

• Make sure you check the measurement of each room which will give you the idea of the size of the room and how much of your furniture can fit into it. Always check which way the door will be swinging and the space that will be left empty after the door is opened or closed. Check if the windows embedded in the condo are as per your necessities. Sliding windows are demonstrated by thin empty line by the dividers, while casement windows, as a rule, come in sets.

• Do check whether room size matches your required area so that you do not have to face difficulty when fitting the furniture in the room. Make sure the total numbers of rooms mentioned in the floor plan are according to your family needs. Check the dimensions allotted to the kitchen. Make sure that every room has a separate entryway so that there is no hindrance to privacy.

• Check the measurements of the corridors as most people consider long passageways are generally viewed as a waste of space. Always check for natural lighting. This is a very important step for the ventilation and the aura of your home. Ensure you get enough morning and evening day light and the accessibility of sun shades. Ensure that there is appropriate cross ventilation in the house Condominiums usually do have room for the family maids. Make sure that there is one if you require it.

• Ensure that the cupboards are built-in in the condominium so that you do not have to spend extra money on installing new ones. Check which walls are structural and nonstructural for safe removal in the future. Structural walls are represented in the floor plan by thick bold lines while non-structural walls are indicated by thin lines. Check if storage room and pantry space fulfill your requirements. Also note that whether the washrooms are connected or common, according to your requirements.

AVAILABLE BALANCE UNITS/ SOLD/ CHEAPEST PRICES PSF STARBUY- PIERMONT GRAND

View Site and Facilities Plans HERE

Piermont Grand is a new EC, where the site was sold to CDL Development, for 509.37 million, through Government Land Sales. The sale price of $509.37 million works out to a land cost of about $583  psf per plot ratio on the potential gross floor area.

Cost of Land

The biggest item which determines the new condo price on the launch date is the price at which the land was acquired for the development. This cost of land is spread out across the size of the development so that the cost per square foot (psf) is established. This means that a piece of land with fewer condos may have a higher land psf than another similarly sized piece of land with more condos built on it.

Construction Costs

The cost of constructing the condos also influences the price at which those condos will be sold on the launch date. Construction companies have become so efficient that their construction costs for each square foot of a building don’t vary so much.

Developer Expenses and Profit

The cost of land and the cost of building the condominium will give you the base cost of the project. A fraction (30%) of that base cost will be added in order to cover the additional expenses (conveyance fees and financing costs, for example) incurred during the land development. That fraction of the base cost also covers the profit margin of the developer. The total of the base cost and the extra 30% in order to arrive at an estimate of the likely new condo price on the launch date.

Developers want to make a good product that is of value to the consumers, and they need to generate healthy profits levels for their shareholders. With the most expensive items as land and construction costs, add on the administrative, sales and marketing expense, finance cost, profit margin we will arrive at the selling price.

Marketing expense for the project is around $200 psf. Construction costs including architecture design, is about $400 psf for a condominum.

• Administrative expenses: Staff costs, office rents etc..
• Sales and marketing expenses: Showflat building costs, commission for real estate agencies, advertising for the development, lawyer fees for conveyancing etc..
• Finance costs: interest expense paid to the finance institutions for financing the development.

Land Cost: $583 psf prr
Construction Cost: $400psf
Marketing expense: 100 psf
Profit margin: 15%
Estimated launch price: $1245 psf

PUNGGOL NEW TOWN

Punggol is building quickly to hold up the population increase on the island and people will start to move into Punggol starting from 2014/ 2015 when the projects start to get their TOP.

Punggol has transformed into a residential eco-town, providing a high-quality living environment amidst a dense green and blue network. As the town continues to develop, residents can look forward to new retail amenities, more community and recreation facilities, enhanced transport connectivity, as well as more job opportunities close to home.

PIERMONT GRAND EC Punggol: Fulfilling dreams at the waterfront
Punggol is steadily shaping up to be one of the most sought-after housing location in Singapore. This waterfront town currently offers a wide variety of housing options, with residents enjoying easy access to amenities as well as parks and recreation spaces. Future developments will focus on providing even more housing choices while bringing greater convenience to daily living and making waterfront leisure more accessible to the residents of Punggol, including:

• New waterfront housing districts spread across the town. This will start with the Matilda District, which will pay homage to the former plantations and historic Matilda House in the area, and the Northshore District which will feature an extensive network of second-storey walkways connecting residents outwards to the sea
• Punggol Town Hub, an integrated community hub development that includes a Community Centre, hawker centre and a regional library, located within the Town Centre
• Punggol Town Square, a gathering space for community activities, overlooking My Waterway@Punggol.
• Waterway Point, a new shopping centre adjacent to Punggol MRT Station.
• A new polyclinic along Punggol Drive and the Bright Hill Nursing Home on Punggol Field, easily accessible by LRT.
• A new F&B development at Punggol Point
•  Additional primary schools will be built in the coming years to meet the needs of residents

PIERMONT GRAND EC Punggol- Shopping and Amenities

Punggol Waterfront Mall-  Waterway Point

PIERMONT GRAND EC Punggol: More recreational choices for young and old

Today, Punggol residents young and old have a host of recreational options at their doorstep, from leisurely strolls and cycling along My the Waterway@Punggol and Punggol Promenade, to exercising at fitness stations amidst the greenery of Punggol Town Park. More green spaces and recreation facilities will be developed in the coming years for residents to enjoy an active and healthy lifestyle. These include:

• A rustic park on Coney Island
• More green spaces that bring residents closer to the waterfront
• Sports Facilities and a SAFRA Clubhouse located within the Town Centre.

PIERMONT GRAND EC Punggol: Better ways to travel, better transportation

• To keep pace with new developments, there will be enhancements to public transport and improvements to the road and cycling networks. This will make getting around the town and to other parts of Singapore faster and easier, including:
• An intra-town cycling network
• Two new MRT connections by 2030, the Cross Island Line (CRL), a 50km MRT that will run from Changi to Jurong, will have an offshot that links Punggol to Pasir Ris and the 2km extension of the North-East Line (NEL), when done by 2025 to serve the new Punggol Downtown
• The Western LRT loop, which will begin operations in tandem with upcoming developments
• Improvements at Punggol Way and Punggol Road to provide smoother connections to Tampines Expressway (TPE)
• Improvements to Punggol Place
• A new road linking Punggol Central to TPE and KPE
• The Punggol Semi-Expressway, which will be the main route for inter- and intra-town travel in the longer term

PIERMONT GRAND EC Punggol: Creating an innovative work-learn-play environment
An expanded mix of activities will be introduced, adding vibrancy to the whole Punggol town and opening up more job opportunities for residents nearby. These activities will be located in the new Punggol Downtown, to be created by extending the existing Town Centre towards the waterfront.
Residents can expect:

• The Creative Cluster - a new district to house innovative industries, with green spaces, community spaces and excellent waterfront views to provide an attractive work and play environment
• A tertiary institution, which will form a Learning Corridor with connectivity to the Creative Cluster

ECs STILL HAS THE LEAST RISK WITH ITS HIGH PROFIT MARGIN AND LOW ENTRY PRICE

Owners of Executive Condominiums (EC) stand a huge capital potential appreciation in due of the low entry price to purchase a unit compared to private condominiums.

After a period of 10 years, the EC will be privatised, changing its status to be on level to a private condominium. Foreigners will be able to purchase the unit then. Owners typically enjoy a capital gain after their EC is privatised.

The above table shows a significant increase in capital appreciation for EC owners. 

Purchasing an EC is extremely promising as we may look into such capital appreciation after it becomes privatised over time.

As the entry price for an Executive Condominium (EC) is lower than a private condominium, demand for ECs has been on the rise. New EC units are generally 15-30% cheaper than private condominiums. In addition, first timer are entitled to receive a CPF Housing Grant of up to S$30,000. These make EC an extreme worthwhile asset to purchase. 

Physical features are similar when comparing between a new executive condominium with a private condominium. This include facilities such as gym, clubhouse, security guard, tennis court, swimming pool and many more.

With further developments in Sengkang and Seletar, residents of Piermont Grand will look into a long term investment with high profit margin.

When doing a comparison between an executive condominium and private condominium, we know that both EC and private condominiums offer the same features such as swimming pool, gym, tennis court and many more, 

As resale executive condominiums are typically larger in space comparing to its counterpart and with a lower entry price, demand has increased for the resale ECs. This has led to a narrowing of price gap.

Owners of resale ECs have profited greatly in the market with their low entry price and they had enjoyed the bigger space and same facilities.

WHY BUY PIERMONT GRAND NOW?

After enduring four years of decline, the property developers finally have some good news. The URA reported an increase of 5.4 percent in the private residential property. This is now attracting property dealers from all over the world. As you all may know, Singapore is an island and land will always remain a scarce commodity that’s why the prices of these properties are bound to increase in the long term.

In Singapore residential market, the price gap between HDB versus the private residential market is widening. Base on DBS, it states that Bull Case would see Annual Private Home demand of 17,250 units.

Base on our analysis, our projection for new home demand will come from
1) Household formation
2) Upgrader demand and 
3) Foreigner purchases for investment.

The current eb-bloc craze has seen developers investing close to S$34 Billion into Singapore property market (S$26 Billion in en-bloc transactions and S$8 Billion into Government Land Sales (GLS) programmes. With a total of 6,500 households displaced, the near term demand over the next two years could rise above the historical norm.

Projected base Population Growth of 6.5 million by 2030 is expected to have a positive impact on Private Home Property Market as demand is projected to remain above historical average of 12,000 units per year.

Register HERE for a presentation to understand why the property market is heading towards an unstoppable uptrend.

A rising household formation rate, driven by singles, and shifting profile of foreign labour towards higher-skilled workers will continue to drive housing demand

There were 22,076 new citizens in 2017, the second-highest number in the last 11 years. The permanent resident (PR) figures, meanwhile, remained stable over the past year, at 522,000. In 2017, 31,849 were granted PR status.

Upside Potential

In the coming years, the next neighbourhood likely to generate huge buyer momentum is in the North-East region. With upcoming developments which include:

Singapore’s First Digital District

The Singapore government is aiming to turn the Punggol region into the country’s digital district, making it somewhat comparable to Silicon Valley. The Piermont Grand EC is right in the heart of the plans, making it the ideal condominium development for those who are looking to become part of the innovative industry.

With a wide range of tech companies, cyber businesses and startups attracted to the region, the Piermont Grand’s inclusion in the plans for the Singapore Digital District means that the entire area surrounding Sumang Walk will see a thriving economy. This is sure to lead to everything from a higher quality of life, an affluent community and further development that provides all sorts of recreational activities for both young professionals and families.

The Digital District in Singapore will be fully managed by a single digital platform, keeping the entire community safe and secure at all times. Being the condo development closest to the Singapore Digital District means that the Piermont Grand will be able to benefit from all the cutting-edge security, innovation and more.

The Piermont Grand EC also finds itself being developed around the sustainability and livability standards that come with the Digital District. The dynamic infrastructure ensures that there will be optimised use of energy and resources, while limiting the carbon footprint and negative emissions. Automated product deliveries, automatic waste collection and advanced living management systems will all be put in place.

 

 

SHOWFLAT LOCATION- PIERMONT GRAND

If you wish to visit Piermont Grand Showflat viewing, all you need to do is to schedule an appointment with us before coming around so as not to waste your time and avoid making a fruitless journey because our showflat may not be opened to the public on particular days and time.

No Agent Fees! Get amazing benefits as well as Direct Developer Discount. For additional enquiry, please get in touch with us at our Sales Information Hotline +65 90070868 for further details on the details of Piermont Grand Executive Condominium. 

Get in touch with The Piermont Grand Developer Sales Support Team.

It is important to deal with only with our authorized Developer Sales Support Team, you will get the best obtainable Direct Developer Discount. Get the latest information about Piermont Grand units today!

The Piermont Grand Showflat is located along ................

Tastefully designed to maximise the usability and efficiency of the size, the geographical location, proximity to eateries and top schools, seek to attract many potential home seekers and upgraders to make Piermont Grand their dream home.

Do register early to book Piermont Grand Showflat viewing appointment with us to have a feel of the luxurious and fine finishing by the developer after several detail plannings.

4 Simple things to take note before visiting Piermont Grand Showflat Gallery

1) We advise to check and know how much CPF you are able to use to purchase Piermont Grand Executive Condo

2) Contact our Sales Team for our recommended trusted panel of bankers for your loan assessment

3) With MSR 30%, you will need to know how much loan amount that you are able to loan

4) For the actual launch date, you will need to understand on how the balloting system works

Register Early to keep yourself update on the latest information pertaining to Piermont Grand. Alternatively, you may contact our Developer Sales Personnel for a non-obligated discussion.

CONTACT US

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