Thomson View condo up again for sale en bloc with $918 million reserve price

SINGAPORE – Thomson View Condominium has been put up for collective sale again, at an unchanged reserve price of $918 million.

The additional costs would take the effective acquisition cost for Thomson View condo to about $1.55 billion. With a land size of 50,197 sq m, the Thomson View site is zoned for “residential” use with a plot ratio of 2.1, which can yield a total GFA of 112,792 sq m. Thomson View was last put up for sale in February at a guide price of $918 million, lower than the $950 million price in previous sale attempts in May 2022 and November 2021.

Most recently, Pine Grove’s tender closed without any bids in May. The site was put up for sale for the fifth time since 2008 in February for $1.95 billion.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thomson View Condo relaunched for salepstrongThe property has a reserve price of $918m./strong/p pEdmund Tie & Company relaunched Thomson View Condominium for collective sale./p pThe property is located next to Upper Thomson MRT station and spans 50,197 sq m. Zoned “Residential,” the property can yield a total gross floor area of 112,792 sqm.
Source: SBRMagazine - 🏆 13. / 51 Read more »

No bids at Upper Thomson Road site, 1st time in 20 years for Govt land saleThe tender closed with no developers bidding on the site, despite speculation from market watchers that there would be up to three bids.
Source: IndependentSG - 🏆 9. / 63 Read more »