by Kenny Lee Historical archive · 2019-07-28. Prepared retrospectively on 3 October 2026. Date basis: Original dated release/report. Historical prices are not current quotations.
Reported sales outcome
CDL reported 375 of Piermont Grand’s 820 homes sold during the launch weekend, about 46% of the development. The average selling price was S$1,080 psf.
Launch-period prices
| Home type | Historical advertised starting price |
|---|---|
| Three-bedroom | S$888,000 |
| Four-bedroom premium | S$1.34 million |
| Five-bedroom premium | S$1.508 million |
Reading the result
The exact whole-project fraction is approximately 45.7%. This records a substantial opening response without implying that all homes were already sold. The remaining inventory must be checked by type and subsequent release.
The reported premium five-bedroom entry figure exceeds the premium four-bedroom figure by S$168,000. That difference cannot be interpreted without the respective floor areas and specifications. A lower marginal quantum between type labels does not automatically make the larger home a better fit.
For a historical investment comparison, pair a specific launch transaction with a later sale of comparable stock and account for ownership costs. An EC’s rules and sale eligibility also need a separate check at the relevant date. The original average psf alone cannot establish an owner’s achieved gain.
Later status note
CDL records TOP January 2023; fully sold as at 29 February 2024. This later status was added during retrospective preparation, not known at the original announcement date.