Located on a busy stretch of Paterson Road just before the junction of Orchard Boulevard and Scotts Road, the 10-storey Paterson Linc is one of the most visible condominium blocks in prime District 9. At end-December, a two-bedroom unit on the seventh floor of the condo was sold for $1.65 million ($2,017 psf). The unit was purchased at the peak of the market in September 2007 for $2.16million ($2,638 psf).
The 35-unit freehold Paterson Linc is a redevelopment of the former Paterson Lodge. Unlike a typical en bloc sale, no money changed hands in this deal brokered by Knight Frank. Instead, in 2007, all 20 owners of Paterson Lodge unanimously agreed to sell the site to Green Aces Paterson Pte Ltd, a subsidiary of the former listed company Ace Dynamics (subsequently renamed Leeden Ltd and delisted in 2012).