The High Court has approved the collective sale of Thomson View Condominium for S$810 million, with the buyer being a consortium of UOL Group, Singapore Land, and CapitaLand Development. This approval marks a significant milestone in the collective sale journey, which has been fraught with challenges, according to Swee Shou Fern, Head of Investment Advisory at ETC.
The condominium, which consists of 255 units including a shop unit, 54 townhouses, and 200 flats, is the largest residential collective sale since Chuan Park’s S$860 million sale in May 2023. It is also the only residential collective sale transaction in 2024. The property boasts strong locational advantages, such as proximity to the Upper Thomson MRT station, top-ranked schools, and various amenities.
Henry Toi, Chairman of Thomson View Condominium’s collective sale committee, expressed gratitude for the successful sale, acknowledging the efforts of ETC and their solicitors, Wee Swee Teow LLP. He also thanked the owners for their patience and support throughout the process.
The condominium’s strategic location offers easy access to Orchard Road and the Central Business District, along with nearby educational institutions like Ai Tong School and Raffles Institution. The sale highlights the continued demand for well-located residential properties in Singapore.
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