By The Folks @PropTalk - July 10, 2010 No Comments

The ST reported that 96 of the 120 units launched at the 368 THOMSON were sold since previews began on Thursday.

The District 11 development was priced at an average of $1,350psf.

Sale prices ranged from $918,000 for a 689sqft “one+study” flat to $4.4 million for the 3,391sqft five-bedroom penthouses.

The 36-storey tower, which will be built on the former Concorde Residences site in Thomson Road, will have 157 units. They comprise 31 one-plus-study flats, 62 two-bedroom units, 31 three-bedders, 31 four-bedroom units and two penthouses.

City Developments (CDL) said it will release more units to cater to demand.

Most of the buyers were Singaporeans, with permanent residents and foreigners making up 25%.

The 368 THOMSON project is expected to be completed in 2015.

More than 50 out of the 85 units launched at the preview sale for developers UOL and La Salle’s business associates and staff were taken.

The average selling price for the 999-year leasehold condominium was $1,250psf.

The project offers over 140 one- to four-bedroom apartments and 30 three- to five-bedroom penthouses, all with rooftop Jacuzzis.

Sizes vary from 506sqft for a one-bedder to 3,025sqft for a five-bedroom penthouse. The development is expected to be ready by April 2014.

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