Thomson View Condominium Up for Collective Sale
  • Investment Advisory
  • 27 February 2024

Thomson View Condominium Up for Collective Sale

Prime residential site that triumphs in the convenience of MRT station and essential amenities right at its doorstep, complete with popular schools and lush greenery nearby

Singapore, 27 February 2024 – Edmund Tie & Company (EDMUND TIE) is pleased to be appointed as the exclusive marketing agent for the collective sale of Thomson View Condominium, a prime residential site strategically located right next to Upper Thomson MRT station.

Interested parties are invited to submit their offer to EDMUND TIE by 18 April 2024, 3pm.

Completed in 1987, Thomson View Condominium sits on sprawling grounds of approximately 50,197 sq m (540,314 sq ft) in land area with a 99-year tenure with effect from 1975. The development accommodates a total of 255 units – comprising 54 townhouses and a 29-storey block housing a shop unit and 200 apartments.

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 about 112,792 sq m.

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. Additionally, pre-application feasibility study (PAFS) for the site is not required.

Sitting on the elevated site surrounded by low-rise landed housing enclave, the new development will enjoy sweeping views of lush greenery over the expansive Central Catchment Nature Park covering some 3,000 hectares, as well as access to a wide suite of amenities and popular schools.

Ms Swee Shou Fern (徐晓芬), Head of Investment Advisory at EDMUND TIE, says, “Thomson View Condominium ticks all the boxes in what discerning home buyers and investors would be looking for – convenience of a MRT station and essential amenities at its doorstep, top-ranked schools in the neighbourhood, and not forgetting, panoramic unobstructed views of lush greenery. New residential projects that possess a combination of these salient selling highlights have proven to perform well at their project launches.”

The last major private residential project launched in the location is AMO Residences, which witnessed a strong take-up rate of over 98% of all its 372 units on its launch weekend. The project recorded an average price of approximately S$2,111 per sq ft in July 2022, with the highest recorded at S$2,443 per sq ft in November 2023.

The nearby Jadescape has registered an average price of S$2,150 per sq ft in the last 3 months, with the highest recorded at S$2,286 psf in December 2023. Islandwide, one of the most recent residential launches was J’den in November 2023, which witnessed an 88% take-up rate of its 368 units, sold at an average of S$2,451 per sq ft and the highest recorded at S$2,824 per sq ft.

The reserve price for Thomson View Condominium is S$918 million, reflecting a land rate of S$1,282 per sq ft per plot ratio. The land rate has factored in the additional 7% bonus gross floor area, as well as the lease upgrading premium to top the lease back up to a fresh 99-year tenure and the land betterment charge for the intensification of land use.

Thomson View Condominium is unparalleled in its access to a wide suite of amenities. An abundance of retail, dining and lifestyle offerings are readily available at Thomson Plaza and the numerous shophouses lined along Upper Thomson Road.

Families with school-going children would appreciate that the popular Ai Tong School is located within a 1-km radius from Thomson View, with other educational institutions nearby, including Catholic High School, CHIJ St Nicholas Girls School, Raffles Institution and Eunoia Junior College.

Recreational and leisure facilities are also abundant in the vicinity. 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. A stone’s throw away are recreational and leisure facilities at MacRitchie Reservoir Park, Bishan Park, Lower Pierce Reservoir Park and the Singapore Island Country Club.

END

For further information contact:

Swee Shou Fern (Ms)

Executive Director

Investment Advisory

DID: +65 6393 2523

Email: shoufern.swee@etcsea.com

Media please contact:

Seah Li Ching (Ms)

Head

Corporate Communications

DID: +65 6393 2369

Email: liching.seah@etcsea.com

 

 

Back
to Top