Nowadays, Executive Condominiums (EC) like Piermont Grand are becoming rarer. Supply has been decreasing compared to previous years, yet demand has grown over time, as incomes increased.
Demand for ECs have been very strong by both homebuyers and developers. Hundred Palms Residences, launched in 2017, was 100% within a day. Rivercove Residences, launched in 2018, was oversubscribed by more than 2.5 times and sold out before the year ended.
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