Friday, July 9, 2010

80% of units launched at 368 Thomson snapped up

City Developments Limited (CDL) has sold about 80 per cent of the launched units at 368 Thomson, its latest freehold residential development at the former Concorde Mansions site along Thomson Road.

Private previews for former owners of Concorde Residences, Balestier Court, Bright Building, and directors and staff of CDL, started on Thursday, while the public preview began on Friday.

CDL said 120 units of the 36-storey freehold development comprising 157 units were released in Phase 1.

Going at an average price of S$1,350 per square foot, the apartments range from S$918,000 for the 689 square foot one+study units to S$4.4 million for the 3,391 square foot 5-bedroom penthouses.

Singaporeans made up the majority of buyers, with Permanent Residents and foreigners mainly from Malaysia, Indonesia, China and Hong Kong accounting for 25 per cent.

“With its prime District 11 location, freehold status and attractive pricing, 368 Thomson represents an excellent investment opportunity and also good rental potential,” said CDL’s group general manager, Mr Chia Ngiang Hong.

368 Thomson has a sky terrace on Level 3, with therm jet pools, a 25-metre main pool and a gymnasium. It also has a Club House, family barbeque and Children’s Aqua Treat areas.

CDL said it will release more units progressively to cater to the demand.

Source: Channel News Asia, 9 Jul 2010

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