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The 46 percent earnings rate, as at 6pm on July 28, made it the bestselling property launching this season, said programmer City DevelopmeTHE initial executive condo (EC) established this season, Piermont Grand, marketed 375 of its 820 units in its launch weekend with a mean of S$1,080 per sq ft (psf).nts (CDL) at a launch on Sunday evening.

Produced by CDL and TID, Piermont Grand provides three-, four- and – five-bedroom units, which range from 840 sq feet to get a three-bedroom to 1,701 sq feet for a five-bedroom premium penthouse.

Prices began from S$888,000 to get a unit that was ventilated, S$1.34 million to get a four-bedroom top notch and S$1.508 to get a five-bedroom premium. Take-up was great for all unit types, stated CDL.

CDL team general director Chia Ngiang Hong stated:”We are quite happy with the powerful take-up for Piermont Grand, which reflects its own unique attributes. Located directly alongside 2 LRT stations and close Punggol MRT station, Piermont Grand is a brand new EC that’s really difficult to find.”

Eligible second-time buyers accounted for approximately 65 percent of those units sold throughout the launching weekend. Regulations say that only 30 percent of EC jobs could be allocated to second-time buyers at the launching period, which might translate to 246 units for Piermont Grand. Second-time buyers that cannot buy during the launching period can make reservations for staying units per month after the launching.