Piermont Grand

Luxury Executive Condominium
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Payment Schemes

Piermont Grand EC psf is extremely important to buyers. With the site sold at S$583 psf ppr to City Developments Limited (CDL) and TID Residential, reports have estimated the breakeven Piermont Grand EC psf to be almost S$1,000 psf.

To provide buyers some flexibility when considering their EC purchase, the payment schemes available are; Normal Payment Scheme or Deferred Payment Scheme.

Normal Payment Scheme (NPS)

Also known as Progressive Payment Scheme. Normal Payment Scheme (NPS) applies to building-under-construction (BUC) condominiums.

You will be able to service your loan for Piermont Grand EC payment via monthly instalment progressively, stage by stage as the property is being built.

Under the NPS, you can make instalment payments on the property each time the developer hits certain pre-set milestones in its construction – kind of like a reward system. This usually works out to a payment of about 5-10% on the purchase price of the property every 6 months or so.

Deferred Payment Scheme (DPS)

Deferred Payment Scheme (DPS) allows homeowners to start servicing their Piermont Grand EC Payment loan only when the EC is ready for occupation i.e. owners receive keys to their EC.

DPS is most popular for buyers who currently own a HDB and have monthly instalments to service. This allows them to better manage their finances as they do not have to service both loans concurrently.

Source

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