Thomson View En Bloc 2024 – Bright Hill Drive Collective Sale

Thomson View Condominium Eyes New Horizon with $918 Million Collective Sale Bid

Singapore’s Prime Residential Offering Steps into the Spotlight

In a significant move that signals robust confidence in Singapore’s real estate market, Thomson View Condominium is making headlines with its latest collective sale attempt, pegged at an ambitious guide price of $918 million.

With Edmund Tie steering the marketing efforts, this prime residential site, nestled on Bright Hill Drive just off the bustling Upper Thomson Road, is poised to captivate developers and homebuyers alike.

The reserve price sets the land rate at $1,282 per square foot per plot ratio (psf ppr), incorporating an additional 7% bonus gross floor area and a lease top-up premium for a new 99-year period.

This pricing strategy takes into account the estimated land betterment charge required for land use intensification, positioning Thomson View as an attractive proposition for redevelopment.

Read the Latest News Here: Thomson View Sold En Bloc for S$810 Million to UOL & CapitaLand

A Legacy Awaiting Transformation

Built in 1987, Thomson View presents a sprawling 540,314 sq ft site zoned for residential use, flaunting a gross plot ratio of 2.1.

This established property, enjoying a 99-year lease from 1975, comprises 54 townhouses, 200 apartments, and a commercial unit within its 29-storey block.

The Urban Redevelopment Authority (URA) has given a nod, in principle, to a transformative redevelopment into a modern residential complex boasting up to 1,240 units, averaging 914 sq ft each, without the need for a pre-application feasibility study.

The Market’s Vote of Confidence

Recent residential launches in the vicinity, like Amo Residences, underscore the high demand for quality living spaces in the area, with 98% of its units snapped up during the launch weekend in July 2022, achieving record prices.

This trend bodes well for Thomson View, indicating a ripe market ready to welcome new developments.

Thomson View Condo is no stranger to the collective sale process, with several attempts in the past reflecting the owners’ determination to unlock the full potential of their property.

Despite a failed $590 million bid in 2013 and subsequent attempts in 2021 and 2022, the current relaunch represents a renewed optimism in achieving a successful sale, thanks in part to strategic pricing and market conditions.

Thomson View Condominium: A Prime Redevelopment Site with Unparalleled Amenities

Thomson View Condominium, a distinguished residential enclave nestled on Bright Hill Drive off Upper Thomson Road, stands as a beacon of potential in Singapore’s real estate market.

With its strategic location and a host of nearby amenities, it presents an exceptional opportunity for redevelopment.

Here’s why Thomson View is much more than just a residential site—it’s a gateway to a lifestyle coveted by many.

Strategic Location and Connectivity: Positioned within proximity to the Upper Thomson MRT Station on the Thomson-East Coast Line, Thomson View offers unmatched connectivity to the rest of Singapore. The convenience of public transport adds immense value to the property, making it an attractive proposition for residents who value ease of commute in their daily lives.
Close to Nature: One of Thomson View’s most compelling attributes is its closeness to the Central Catchment Nature Reserve, Singapore’s largest nature reserve. Future residents can look forward to tranquil views and immediate access to green spaces, offering a serene escape from the urban hustle. The proximity to such natural splendor enhances the living experience, promoting a healthy and balanced lifestyle.
Education and Family-Friendly Amenities: A wide range of reputable educational institutions that serve families with school-age children surround the en bloc site. Renowned schools, from primary to tertiary levels, including Ai Tong School and Catholic High School, are situated nearby, making Thomson View a desirable location for families prioritizing educational excellence for their children.
Dining and Lifestyle Options: Upper Thomson Road is famous for its vibrant food scene, offering an array of dining options from cozy cafes to traditional eateries and modern restaurants. This gastronomic diversity, coupled with nearby shopping malls like Thomson Plaza, provides residents with a plethora of lifestyle and entertainment choices right at their doorstep.
Health and Medical Facilities: The area is served by several medical facilities and hospitals, ensuring that healthcare needs are conveniently met. The proximity to these services adds a layer of reassurance for residents, knowing that quality medical care is readily accessible.
Development Potential: The site’s zoning for residential use and a gross plot ratio of 2.1, as indicated in the URA’s Master Plan, highlight its significant redevelopment potential. With approval for a new development comprising up to 1,240 residential units, Thomson View stands as a prime candidate for transformation into a modern, high-density living space that can accommodate the demands of urban living while retaining a touch of nature’s tranquility.

Investment Appeal

The established residential area, combined with the scarcity of comparable redevelopment sites in the vicinity, positions Thomson View as a noteworthy investment.

The potential for capital appreciation, driven by its location, amenities, and lifestyle offerings, makes it an enticing prospect for developers and investors alike.

Thomson View Condominium is not just a redevelopment site; it’s an opportunity to create a residential haven that embodies the best of Singapore living—connectivity, education, lifestyle, and nature.

Its strategic location and wealth of nearby amenities render it an ideal canvas for developers looking to craft a living space that harmonizes urban convenience with natural beauty, making it a truly exceptional proposition in the bustling heart of Singapore.

The public tender for the Thomson View Condominium site closes on April 18, 2024, at 3 PM.