Piermont grand is exclusive condominium and as such, you need to be eligible to purchase a condo. There are several, basic and several advanced criteria you will need to meet. Now, we will explain all of them and we will see are you eligible to get a new condo right here, very soon if we may add.
Basic rules for buying a condo at Piermont grand
As usual, there are several requirements you must meet in order to be able to purchase the condo here. The first one is quite obvious. You need to be a resident of Singapore. In addition, if you are purchasing a flat as family, one member of it must be a resident of the country. This is common for condos in Singapore and other countries. Luckily we already know that most of you will meet the requirement.
The second, basic requirement is that you must be at least 21 years of age. After all, the executive condominiums are designed for new families and singles who want to enjoy the best possible location and who want to have a new roof over their head. All people who are under 21 years of age are not eligible. Keep in mind that the condominium will become available within 2 years, so even if you are 19 years old now, you will be able to get a condo.
There are several, more advanced requirements you need to meet. The first one is making a basic family nucleus in Singapore. Luckily this is another element most potential buyers match and there won’t be any issues here. As a family, you must not exceed monthly income of over SGD $14.000. This is mandatory and it is used in all cases.
The next requirement is related to private property. If you are looking to purchase a condo in an executive condominium, you must not have private property within 30 months before the purchase. This also refers to the entire family. The addition we must include is the fact you must not get other condo or apartment prior to purchasing one in the condominium we are discussing. This is mandatory as well and it refers to all potential buyers.
Renting or selling
Yes, you can rent or sell a condo after a specific period of time. If you want to rent it or sell a flat to a resident of Singapore, you can do that after 5 years from the date you bought a flat. If you want to sell or rent it to a foreign resident, you can do it after 10 years.
Piermont grand EC condos will soon be available, and it is currently the most desirable place in Singapore. It offers dozens of benefits and advantages and it is a combination of affordable apartments and great location, with the advanced building style. If you meet the aforementioned requirements, there is no reason why not to fill up the form for a show flat you can test in the near future.