http://www.theedgeproperty.com.sg/co...-sold-2082-psf

Unit at The Tate Residences sold at $2,082 psf
By Tan Chee Yuen / The Edge Property | May 18, 2016 10:00 AM MYT
Tags: Done DealsThe Tate Residences

At The Tate Residences, a prime freehold condominium project located on Claymore Road, a 3,218 sq ft, four-bedroom unit on the 18th floor of one of the twin 36-storey towers was sold for $6.7 million ($2,082 psf). The unit was first purchased for $7.06 million ($2,193 psf) in September 2006 when the project was launched. The 85-unit project by Hong Leong Holdings was completed in 2009 and has three-bedroom units of at least 1,895 sq ft and four-bedroom units from 3,200 sq ft.

There have been few resales at The Tate Residences. The last transaction was carried out 18 months ago, when a 3,208 sq ft unit on the ninth floor fetched $7.15 million ($2,229 psf), according to a caveat lodged in October 2014.

In the neighbouring Ardmore Park area, Wheelock Properties is said to have sold at least 26 units at Ardmore Three over the past fortnight. These transactions follow the launch of a special package offering a 15% discount and a 15% additional buyer’s stamp duty assistance package. After the 15% discount, prices are said to start from $2,540 psf, or $4.5 million, for a 1,776 sq ft, three-bedroom unit. The special promotion prices are said to be for units from the ninth to 20th floors in the 36-storey tower and for a limited period.

http://www.theedgeproperty.com.sg/co...-sold-2082-psf