31 Aug '14, 10am

Singapore buyers set new record for Trump Tower

Comment E-mail to friend Bookmark & Share A 4,000-square-foot condominium inside Chicago’s Trump Tower was recently sold for US$3.985 million (S$4.971 million), and the buyers are said to be from Singapore, according to media reports. The sale marks a new record as the highest-priced Trump sale in 2014 was previously at US$3.3 million (S$4.12 million) in July. The new owners will use the property, located on the 48th-floor, only part-time. The sellers, Kim Jones and her husband, Jerry Riccioni bought the unit for US$2.88 million (S$3.59 million) in March 2012. In fact, they are moving to the condo directly above on the 49th storey. The couple bought the 49th-floor unit for just under US$3 million (S$3.74 million) in August 2012 and it had been rented for the past 18 months at US$14,000 (S$17,466) a month. Riccioni said this unit is preferable because it is the highest in i...

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

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