Thomson Reserve Sells 1,143 Units on Launch Weekend, Over 90% of the Project, at About S$2,900 psf
Thomson Reserve, the new condominium on Bright Hill Drive developed by UOL Group and CapitaLand Development, sold 1,143 of its 1,268 units on its launch weekend, more than 90 per cent of the project, at an average of about S$2,900 psf. The two preview weekends drew a record 32,000 visits, the developers said on 1 November.
Units Sold on Launch Weekend
Of 1,268 Units
Average psf
Preview Visits
A Rare Result This Year
Mogul.sg chief research officer Nicholas Mak said Thomson Reserve is the only private project this year to sell more than 1,000 units on launch, reversing a recent pattern of slower launch sales. Huttons chief executive Mark Yip said about 70 per cent of buyers already own private property and about 30 per cent are HDB upgraders. Most buyers are Singaporeans buying for their own use or for investment. All three- and four-bedroom units were sold, and most five-bedroom units went too.
Why Buyers Moved
Agents pointed to generous layouts, nearby schools, nature parks and the Upper Thomson location. Mr Mak also noted limited new supply in District 20, pent-up demand and a large pool of private and landed homeowners nearby. Mr Yip expects buyers who missed out to look at other projects, estimating that it led to about 30 more units being sold elsewhere.
Pricing Was the Deciding Factor
| Project | Average Price |
|---|---|
| Thomson Reserve | About S$2,900 psf |
| Promenade Peak | S$3,036 psf |
| Zyon Grand | S$3,067 psf |
Promenade Peak and Zyon Grand were launched last year in the city fringe. Thomson Reserve two-bedders started from S$1.544 million and three-bedders from S$2.503 million.
Frequently Asked Questions
How many Thomson Reserve units were sold at launch?
1,143 of 1,268 units, more than 90 per cent, on the launch weekend.
What was the average price?
About S$2,900 psf.
Who bought at Thomson Reserve?
Mostly Singaporeans. About 70 per cent already owned private homes and about 30 per cent were HDB upgraders.
Who is the developer?
A joint venture between UOL Group and CapitaLand Development.
Missed Thomson Reserve?
I can shortlist other new launches and resale condos with similar layouts and pricing.