Thomson View Condominium Relaunched for Collective Sale

A residential site along Upper Thomson Road primed for transformation into a modern condominium project offering best of urban convenience and nature’s tranquility

Singapore, 3 July 2024 – Edmund Tie & Company (EDMUND TIE) is relaunching for collective sale, Thomson View Condominium, a prime residential site conveniently located right next to Upper Thomson MRT station.

As the exclusive marketing agent, EDMUND TIE invites all interested parties to submit their offer by 6 September 2024, 3pm.

Thomson View Condominium sits on an elevated site of approximately 50,197 sq m (540,314 sq ft). Under Master Plan 2019, the site is zoned for ‘Residential’ use at a plot ratio of 2.1, which can yield a total gross floor area of 112,792 sq m (approximately 1.2 million sq ft).

The development currently accommodates a total of 255 units – comprising 54 townhouses and a 29-storey block housing a shop unit and 200 apartments.

The authorities have advised in-principle no objection to the proposed redevelopment of Thomson View Condominium to 1,240 residential units, based on an average apartment size of 85 sq m. A pre-application feasibility study (PAFS) for the site is also not required.

The reserve price for Thomson View Condominium remains unchanged at S$918 million. This reflects a land rate of S$1,275 per sq ft per plot ratio¹, after the inclusion of the 7% bonus gross floor area, the lease upgrading premium to extend the lease to a fresh 99-year tenure and the land betterment charge for the intensification of land use.

Ms Swee Shou Fern (徐晓芬), Head of Investment Advisory at EDMUND TIE, says, “New residential developments in mature housing enclaves are highly sought-after due to their strong locational attributes, as evidenced by successful project launches in the area such as Lentor Mansion, AMO Residences and Jadescape.

Thomson View Condominium presents developers with an exceptional opportunity to build a modern condominium project that will offer discerning homebuyers the best in urban convenience and nature’s tranquility – MRT connectivity, schools, retail shops and eateries, and breathtaking vistas of lush greenery from the sprawling 3,000-hectare Central Catchment Nature Park.

She adds, “These days, buyers are becoming more targeted in their choices and they look at many other factors beyond pricing, such as location. The new project will be able to provide the ideal setting for urban dwellers and families to enjoy ready access to amenities – live, play, learn, right at the doorstep.”

The last major residential project launched in the vicinity was Lentor Mansion, where 400 units or 75% of its 533 units were sold on its launch weekend in March. The project recorded an average price of approximately S$2,276 per sq ft, with the highest recorded at S$2,478 per sq ft. The nearby Jadescape has registered an average price of S$2,170 per sq ft in the last three months, with the highest recorded at S$2,323 per sq ft in June 2024. AMO Residences, which witnessed a strong take-up rate of over 98% of all its 372 units on its launch weekend, recorded an average price of approximately S$2,112 per sq ft in July 2022, with the highest recorded at S$2,443 per sq ft in November 2023.

Thomson View Condominium is surrounded by aplenty of amenities that provides unparalleled convenience. The array of retail, dining and lifestyle offerings are readily available at Thomson Plaza, with more eateries and cafes located at the shophouses along Upper Thomson Road.

Within proximity are top-ranked schools such as Ai Tong School, Catholic High School, CHIJ St Nicholas Girls School, Raffles Institution and Eunoia Junior College, that will benefit families with school-going children. In addition, families may fully utilise the recreational and leisure facilities at MacRitchie Reservoir Park, Bishan Park, Lower Pierce Reservoir Park and the Singapore Island Country Club.

The subject property enjoys excellent connectivity to the rest of Singapore via public and private transportation. The Upper Thomson MRT station on the Thomson-East Coast Line provides quick access to Orchard Road and Central Business District, which are only 5 and 9 stops away, respectively. The Central Expressway (CTE) and Lornie Highway are also a short drive away.

[1] The lowered land rate in this relaunch is due to the recent update in land betterment rates.

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