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Thomson View sold for S$810 million to UOL, CapitaLand

Developers are planning a 1,240-unit project on the 5-hectare site that now houses 200 apartments, 54 townhouses and a shop unit

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Michelle Low

Michelle Low

Published Mon, Nov 25, 2024 · 11:32 AM
    • Brokered by Edmund Tie & Co, the sale of Thomson View (above) is the largest en-bloc deal done in Singapore since the S$890 million sale of Chuan Park got the go-ahead in May 2023.
    • Brokered by Edmund Tie & Co, the sale of Thomson View (above) is the largest en-bloc deal done in Singapore since the S$890 million sale of Chuan Park got the go-ahead in May 2023. PHOTO: BT FILE

    THOMSON View has been sold for S$810 million to UOL, Singapore Land (SingLand) and CapitaLand Development (CLD), after the condominium’s owners on Friday (Nov 22) green-lit a deal for an en-bloc sale. 

    At least 80 per cent of owners have consented to lower their reserve price to S$808 million, allowing them to accept the offer that had come in 12 per cent below their original reserve price of S$918 million.

    Developers UOL, SingLand and CLD signed a conditional call-and-put option a month ago to acquire the 99-year leasehold development at S$810 million. The deal hinged on consent from at least 80 per cent of owners to the lower price.

    Collective saleUOLSingapore Land GroupCapitaLandProperty developersHousing

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