PIERMONT GRAND
UrbanLens Analysis
PIERMONT GRAND trades at $1,548 PSF, sitting 5% above the District 19 median of $1,472 PSF. At 17 minutes from Punggol MRT (1377m), transit access is passable but not a differentiator. CHUAN PARK fetches $2,596 PSF nearby -- that 40% gap frames PIERMONT GRAND's relative value proposition.
A 15.6% jump over two years is aggressive -- late buyers risk overpaying near a cyclical peak. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, RIVERFRONT RESIDENCES has gained 6.8% over the same period.
With ~91 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.
At 820 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| CHUAN PARK | $2,596 | 1.3% | 0.0% |
| THE FLORENCE RESIDENCES | $1,779 | 3.4% | +0.8% |
| AFFINITY AT SERANGOON | $1,794 | 3.5% | +2.6% |
| RIVERFRONT RESIDENCES | $1,706 | 3.7% | +6.8% |
| THE GARDEN RESIDENCES | $1,829 | 3.9% | +2.7% |
PSF Trend
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.