Real estate
Thomson Reserve sells 90% of units at average of S$2,900 psf over launch weekend
Thomson Reserve sold about 90% of its units over the launch weekend. The average price was about $2,900 per square foot. Most of the buyers were Singaporeans, buying both to live in and as an investment.
A fast weekend tells you there was demand at that price, on that weekend. It does not mean every stack is worth the same, or that the next project nearby will sell the same way.
If you are still looking in this area, the useful comparison is what is left: the facing, the floor, and what similar homes nearby have actually sold for. If you are selling nearby, buyers may use this launch as a reference, so be ready to explain how your home is different.
3 Takeaways for Buyers & Sellers
- Does a fast new-launch weekend mean you should buy? A high take-up is a sign of interest, not proof that you should buy. Work out the full price, the stamp duty, and the monthly loan before you treat a weekend result as a reason to proceed.
- How should you judge the units that are left? If units are still available, judge the one in front of you. The average price hides both the dearer homes and the cheaper ones.
- How should sellers near Thomson price their home? Sellers near Thomson should price against recent sales of similar homes, not only against a new-launch average. Buyers will ask why your home costs more or less than $2,900 per square foot.