Daily Briefing: Piermont Grand sells 46% of units on weekend launch; Stamford Land acquires mixed-use property in London for $441m

And medical lab firm Clearbridge Health raises $11.34m from a share placement.

From iCompareLoan:

Piermont Grand Executive Condominium sold 375 out of its 820 units during its weekend launch for an average price of $1,080 psf, according to developer City Developments Limited (CDL).

Eligible second-time buyers reportedly accounted for about 65% of the units sold. In line with prevailing EC regulations, only 30% of the project can be allocated to second-time buyers during launch.

Piermont Grand offers 3-, 4- and 5-bedroom units. Apartment sizes are from 840 sqft for a three-bedroom to 1,701 sqft for a 5-bedroom premium penthouse. Prices start from $888,000 for a 3-bedroom, $1.34m for a 4-bedroom premium and $1.51m for a 5-bedroom premium.

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