Business · Singapore Bureau
Thomson Reserve achieves near-complete sellout at S$2,900 per sq ft
The new residential development shifted 90% of its units over the launch weekend, with strong demand from local owner-occupiers and investors driving robust pricing.
LSN Singapore ·
Thomson Reserve has achieved a near-complete sellout of its unit inventory during its opening weekend, with approximately 90% of apartments finding buyers at an average price point of S$2,900 per square foot.
The strong performance reflects sustained appetite in Singapore's residential property market, particularly among domestic purchasers. Data from the project's launch indicates that the majority of transactions were driven by Singaporean buyers, split between those acquiring units for personal occupation and those viewing the development as an investment opportunity.
The pricing achieved at Thomson Reserve aligns with current market valuations for new residential developments in the North-East region, where comparable projects have recorded similar psf rates in recent launches.
Developers and market analysts attribute the rapid absorption to a combination of factors: the project's location, the unit mix tailored to local preferences, and continued residential demand from both owner-occupiers seeking to upgrade and investors diversifying their portfolios.
The sellout performance underscores the resilience of Singapore's new launch market and the ongoing appetite from local buyers at mid-to-premium price points.