The sale of penthouses at the Brownstone Executive Condominium development at Sembawang went very well at its recent weekend launch, all of the penthouses sold. City Developments said in a recent press release that the Brownstone EC, inspired by New York buildings, was the best-selling executive condominium development launched this year, the development has 638 units of which nearly 30% are already sold. The City Developments press statement said that 185 units are sold with 65% of the buyers being eligible first time buyers. City Developments is undertaking the 99 year leasehold Thomson Impressions in Canberra Drive with TID.
Thomson Impressions Sale
Average prices for the sold units were 810 Singapore dollars per square foot. Prices for sold units ranged from 596,000 Singapore dollars for a two bedroom unit, 695, 200 Singapore dollars bought a three bedroom home, a four bedroom home sold for (Singapore) $835, 200 and a five bedroom penthouse for 1.316 million Singapore dollars. City Developments stated that resale complete new private condos in the area are selling at around one thousand Singapore dollars per square foot for Thomson Impressions.
Thomson Area Condos
The Brownstone project is City Development’ seventh executive condominium project. It is the only one next to a Mass Rapid Transit station, the Thomson Impressions near Bright Hill MRT station is due for completion 2019. The project is also due to be completed in 2019. The sizes of the units range from a two bedroom unit at 732 square foot to a five bedroom penthouse at 1,711 square foot.
Thomson Impressions Nanshan Group
City Development’s group general manager, Mr. Chia Ngiang Hong said that the company were very pleased that, in the current highly competitive market for executive condos, sales at Brownstone have been so robust, reflecting the special attributes of Thomson Impressions. He named the particular attributes that marked out The Brownstone as Northern Singapore changing into a commercial and lifestyle hotspot, the development being next to the forthcoming Canberra MRT station and the fact that the units are attractively priced for buyers.