25 Jun '13, 3am

Three 11 (Freehold condo in Upper Thomson Road ) sells half of its units in two hours #SGproperty

Jun 24, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share Freehold condominium Three 11 (pictured ) in Upper Thomson Road sold half of its units in two hours after its launch, according to media reports. Knight Frank, the project’s sole marketing agent, revealed that 33 of the 65 units were sold mostly to Singaporean buyers who accounted for 80 percent of the crowd, while the rest were foreigners and permanent residents. The 65-unit development had an average asking price of S$1,615 psf, with units costing S$844,000 for a 460 sq ft one-bedder to S$2.3 million for a 1,500 sq ft penthouse. Yesterday, a total of 48 units, or 74 percent of the development have been sold. “About 70 percent of the buyers have bought for owner-occupation,” said Wendy Teng, Knight Frank’s executive director for residential. Located on the former site of Jasmine Court, the develo...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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