Almost all of the 180 units for sale at The Arte at Thomson have been sold since the project’s official launch earlier this month.
A total of 170 units has already changed hands, with 20 sold over the weekend for some S$30 million.
More than 1,000 visitors made their way to the 336-unit, freehold development’s showroom last weekend.
Developer City Developments sees this as evidence that buyers have greater confidence in the property market now.
Private home sales in Singapore in the first three months of 2009 hit 2,660 units. That was about 62 per cent of total new home sales in 2008.
Source : Channel NewsAsia – 20 Apr 2009