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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Dubai billionaire’s children plan to revive troubled world islands
UK commercial real estate lending plunges to lowest in a decade
Hybrid, flexible working set to curb Singapore office usage and rents
Australia home prices sustain growth in April, CoreLogic says
New York City’s rent-stabilised tenants face third year of price hikes
New Zealand house prices dip for first time in 8 months