Piermont Grand Sumang Walk
Piermont Grand Sumang Walk will be highly sought. This is the only EC that in 2019 and is in the mature area of Punggol where many HDB owners who are looking to upgrade to a Executive Condominium.
EC prices have steadily increased. A unit at Northwave was recently sold for S$864 psf, a 15% increase from the median price of S$751 psf when it was launched back in July 2016.
Piermont Grand Executive Condominium (EC) Coming Soon!
Commonly Asked Questions
Have other questions? Contact our representatives
Can I get a loan from HDB to buy an Executive Condominium (EC)?
The government or HDB does not grant any loan for the buying of EC units. You will have to arrange for your mortgage financing through banks or financial institutions.
Before you submit an EC application, do check with:
(a) A bank or financial institution that offers loans for the buying of ECs.
(b) The CPF Board on the use of your CPF money for mortgage payments.
Be assured that our trained representatives will guide you through the process.
What is the Minimum Occupation Period (MOP) of an Executive Condominium (EC)?
The Minimum Occupation Period (MOP) of an Executive Condominium (EC) unit is 5 years, starting from the date of issue of the Temporary Occupation Permit (TOP).
Why has a resale levy been imposed on second-timers purchasing an Executive Condominium (EC) unit from property developers?
ECs are subject to similar initial eligibility and ownership restrictions as BTO flats. As a result, land earmarked for ECs is priced differently from land set aside for private housing developments, and buyers stand to benefit as new EC units are priced lower than comparable private housing developments. In view of this and to ensure greater parity, second-timers buying EC units are now required to pay a resale levy, similar to second-timers purchasing BTO flats.
The resale levy amount depends on the flat type of the buyers’ first subsidised flat, and the prevailing resale levy policy when the first subsidized flat was sold. This requirement applies to ECs from sites launched for sale to property developers on or after 9 Dec 2013 (including projects whose tenders have not closed).
Do I have to pay a commission if I purchase an unit at Piermont Grand EC?
You will not need to buy any commission from as that will be borne by the developer.
Does the units comes with basic fixtures and appliances? Is there any warranty?
Other than lighting, all other basic fixtures such as aircon, cabinets, toilets and stove are included. You can be assured that these fxtures are made of high quality materials and workmanship. We offer a 1 year warranty from TOP.
For Show Flat Appointments or Booking Enquiries, leave your details via the contact form and we will be in touch with you shortly.
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