Piermont Grand: The New Executive Condominium

People who are engaged in one or the other profession end up having a hectic day. This is not only because of the work at the office but equally because of travelling from home to office and office to back home. Thus, people prefer to have real estates that can make life easy. These real estates can also be called Executive Condominium or EC. An EC is a type of housing which includes a society (with malls, office, swimming pools, apartments, playgrounds) within gated compounds with strict security.

What is Piermont Grand?

One example of EC is the newly developing project of Piermont Grand. The project will be launched in 2019. There were a total number of seventeen bids when the site was launched. The highest bid of $ 509.37 million is a joint venture between City Developments owned CDL Constellation Pte. Ltd. and TID Residential Pte. Ltd. The tenure is of 99 years. As per the total sale, it records $583 per square foot per plot ratio. The Piermont Grand location is 322, Sumang Walk, Punggol District, Singapore. This real estate is established in 29 nations and provide high returns to its stockholders and investors. This makes it one amongst the top Singapore Stock Exchange agency.

Why Piermont Grand?

Piermont Grand is now an internationally famous executive condominium. It provides various services like shopping malls, residential apartments, etc which are either invested on by other investors or they are sold. Piermont Grand location has several perks. Firstly, the location of the project is in Nort East Singapore. This is beneficial since other units have already been taken up. So, it is the best option in the digital district of Singapore. Secondly, there is a good and efficient transportation system favouring the estate’s location. Thirdly, there is a waterway which adds beauty to the estate. People can take the best use of these waterways. As mentioned before since it is a real estate people can enjoy the benefit of having a swimming pool, clubhouse, mall, shops, etc.

The EC has 13 blocks along with 17 storeys. However, it is divided into 820 units. For the residential apartments, there will be flats of 2 bedrooms to 5 bedrooms. One can also get more information from the official website of Piermont Grand, i.e., www.piermont-grand-ec.com.sg. Since Punggol is a digital district in the making, soon it will become one of the most preferred locations of people in Singapore.