Thomson View Condominium relaunches for collective sale at $950 mil

/ EdgeProp Singapore |
Aerial view of Thomson View Condominium (Photo: OrangeTee Advisory)
Ask Buddy
Upcoming new launch projects
Condo projects with most unprofitable transactions
Compare price trend of Condo new sale vs EC new sale
Recently launched projects
Landed transactions with the highest profits in the past year
Upcoming new launch projects
Condo projects with most unprofitable transactions
Compare price trend of Condo new sale vs EC new sale
Recently launched projects
Landed transactions with the highest profits in the past year
SINGAPORE (EDGEPROP) - Thomson View Condominium, located on Bright Hill Drive off Upper Thomson Road, will be relaunched for collective sale via public tender on May 12 at a guide price of $950 million.
The development was launched for sale last November at the same price, but the tender closed on Jan 13 without a successful buyer. Marcus Oh, managing director at OrangeTee Advisory, attributes this to prospective buyers holding back their purchases following the announcement of new property cooling measures last December. OrangeTee is the exclusive marketing agent for the sale.
Map - EDGEPROP SINGAPORE
Map and overview of Thomson View Condominium (Source: EdgeProp LandLens)
Oh believes the time is now ripe for a fresh collective sale attempt. “We have since observed keen interest from developers to replenish their diminishing land banks and decided to put the development on the market again,” he says.
Advertisement
Completed in 1987, Thomson View Condominium comprises 200 apartments, 54 townhouses and a shop unit. It sits on a 540,314 sq ft site which is zoned for residential use with a gross plot ratio of 2.1.
According to OrangeTee, the reserve price works out to a land rate of $1,294 psf per plot ratio (ppr), factoring in an additional 7% of bonus gross floor area (GFA) for private outdoor spaces. The land rate also factors in an estimated differential premium of $288.8 million for intensification and an upgrading premium of about $332.3 million for a fresh 99-year lease.
A pre-application feasibility study on the number of units that may be re-built on the site has been submitted for the Land Transport Authority’s review and is pending approval.
Thomson View Condominium is within walking distance to Upper Thomson MRT Station on the Thomson-East Coast Line. It is served by nearby malls such as Thomson Plaza and Junction 8, as well as F&B and retail establishments on Upper Thomson Road.
Oh points out that the site offers panoramic views of the Central Catchment Nature Reserve. “We expect most of the units in the redeveloped project to be able to enjoy an unblocked greenery view of MacRitchie Reservoir, Windsor Nature Park, or Peirce Reservoir,” he adds.
The tender for Thomson View Condominium will close at 3pm on June 8.
Estimated selling prices - EDGEPROP SINGAPORE
Estimated selling prices for the potential development at the Thomson View Condominium site (Source: EdgeProp LandLens)
Ask Buddy
Upcoming new launch projects
Condo projects with most unprofitable transactions
Compare price trend of Condo new sale vs EC new sale
Recently launched projects
Landed transactions with the highest profits in the past year
Upcoming new launch projects
Condo projects with most unprofitable transactions
Compare price trend of Condo new sale vs EC new sale
Recently launched projects
Landed transactions with the highest profits in the past year

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More