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46% of Punggol EC sold at launch despite big price tag

46% of Punggol EC sold at launch despite big price tag.

Piermont Grand executive condominium (EC) - the first and likely only EC launch this year - sold 375 units of a total of 820 apartments at an average price of $1,080 per sq ft (psf) over the launch weekend.

The 46 per cent sales achieved as of 6pm yesterday "makes Piermont Grand by far the best-selling property launch in 2019", said developer City Developments (CDL) in a media release yesterday.

Eligible second-time buyers accounted for about 65 per cent of the units sold, said CDL.

Source : https://www.straitstimes.com/business/property/46-of-punggol-ec-sold-at-launch-despite-big-price-tag

Adapted from The Straits Times 29 July 2019

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