96 units sold at 368 Thomson

City Developments Limited (CDL) has sold 96 of the 120 units released for sale in the first phase of its 368 Thomson condo, at an average price of $1,350 psf.

The property developer said it is releasing more units to cater to increasing demand. The 36-storey freehold condominium located in District 11 comprises 157 units.

Prices range from $918,000 for the one-room plus study units to $4.4 million for the five-room penthouses.

"The strong demand for 368 Thomson is testimony to the popularity and attraction of the prime Thomson Road vicinity," said Mr. Chia Ngiang Hong, group general manager of CDL.

“Buyers will benefit from the growth cluster in the area, comprising CDL's new developments The Arte and more recently, Cube 8."

"With its prime District 11 location, freehold status and attractive pricing, 368 Thomson represents an excellent investment opportunity and also good rental potential," he added.