Weekend sales update: TERRENE & 368 THOMSON

By The Folks @PropTalk - July 13, 2010 No Comments

As reported in the BT:


A further 46 units were sold over the weekend (as of 7pm on Sunday), in addition to the 50 that they had sold as of 10pm last Friday.

Thus far, 130 of the condo’s total 172 units have been put on the market. While the initial 85 units released by Friday were priced at about $1,250psf on average, the further 45 apartments offered on Saturday and Sunday were at marginally higher prices.

Even the big units and penthouses are selling well. More than half of the 30 penthouses in the project have been taken up. Prices of the penthouses in the condo range from $1.7 million to $2.9 million.

UOL and LaSalle Investment Management will release the balance 42 units at the condo’s official launch later this week.

Singaporeans form the majority of buyers, buying mainly for owner occupation.

Another 32 units were sold as at 6pm on Sunday, taking total sales to 128 units. Last Friday, CDL had sold 96 of the 120 units released initially in the 157-unit freehold condo.

The remaining 37 units were released progressively over the weekend at a marginal price increase of 2 – 3% from the initial average selling price of $1350psf.

The majority of the 32 units sold over the weekend were one+study units.

Singaporeans made up 75% of the 128 units sold.


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