Building at Thomson Road relaunched for sale at S$18.5m after earlier sale falls through

A FREEHOLD 4-storey building at 41 & 43 Thomson Road has been put up for sale again by private treaty with a slightly higher asking price of S$18.5 million after an earlier deal did not go through.

The property was launched for sale previously via private treaty in November last year, at a then-asking price of S$18 million. It was sold to a developer for S$17.8 million, who went on to exercise the option to purchase. However, according to property consultancy Delasa, the buyer was unable to complete the purchase as they faced issues transferring funds from abroad. Delasa is acting as consultant to the vendors.

The development, which houses 7 apartments, was built in the mid 1980s and belongs to a family-owned company.