facebookDo you think of EC (Piermont Grand) as an investment? I am also interested in a newly MOP-ed HDB at Punggol. Do you think I will 'lose' money from it if I only intend to live there for 5 years? - Seedly

Anonymous

26 Nov 2020

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Property

Do you think of EC (Piermont Grand) as an investment? I am also interested in a newly MOP-ed HDB at Punggol. Do you think I will 'lose' money from it if I only intend to live there for 5 years?

Do you think of EC (Piermont Grand) is a good investment?

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Ryan Ong

26 Nov 2020

Partner at Stacked Homes

Based on our findings, homes in Punggol saw an appreciation of 36.4 per cent (4-room) and 35.3 per cent (5-room) post MOP (you can see the details here, we covered 22 estates on this topic: https://stackedhomes.com/editorial/22-recent-hd...)

Regarding Piermont Grand, I am a big fan of ECs in general as starting properties (if it's within budget). While I don't think Piermont Grand is spectacular with regard to location, it has got one important thing going for it: the ongoing development of the Punggol Digital District. This is likely to pull up prices in the area in future, as well as provide solid rental prospects if you ever decide to be a landlord.

We included Piermong Grand in out study of 53 ECs lately! (https://stackedhomes.com/editorial/executive-co...)

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