Thomson View Condominium up for $950 mil collective sale at Bright Hill Drive off Upper Thomson Road - The Reserve Residences at Jalan Anak Bukit By Far East (Hot Launch 2022)

HDB flat at Blk 96A Henderson Road sold for $1.4 mil

Thomson View Condominium, which is located at Bright Hill Drive off Upper Thomson Road and will be revived for the public auction on May 12, with the cost of $900 million.

The project was announced for sale in November last year at the same cost, however the tender was closed on January 13 without finding an unsatisfactory buyer. Marcus Oh, managing director at OrangeTee Advisory, attributes this to potential buyers holding off from buying after the announcement of the new property cooling measures in December. OrangeTee is the sole agency for marketing the sales.

Oh thinks that the moment is right for a new collective sale. “We have observed a lot of interest from developers to replenish their shrinking land banks and have decided to put the project up for sale again,” he says.

The Thomson View Condominium is comprised of 200 townhouses, 54 apartments as well as a shop unit. It’s situated on 534,314 square foot site that is designated for residential use and has the gross plot ratio being 2.1.

According to OrangeTee the reserve cost amounts to an average land price of $1,294 per square foot for each plot ratio (ppr) taking into account the additional% of bonus surface space (GFA) for outdoor private areas.

The land price also takes into an estimated differential in the amount of $288.8 million for the purpose of intensification, and an upgrade fee of $332.3 millions for a new 99-year lease.
A feasibility study of pre-application for the amount of units that could be built on the site has been submitted to the review of the Land Transport Authority and is in the process of getting approval.

Thomson View Condominium is within walking distance of Upper Thomson MRT Station on the Thomson-East Coast Line. It is serviced by malls in the vicinity, such as Thomson Plaza as well as Junction 8, as well as F&B and retail establishments along Upper Thomson Road.

Oh says that the site has breathtaking panoramas from The Central Catchment Nature Reserve. “We anticipate that the majority of units of the project to will have the unblocked view from MacRitchie Reservoir, Windsor Nature Park and Peirce Reservoir,” he says.

The public tender to purchase Thomson View Condominium will end at 3pm on the 8th of June.