Thursday, August 23, 2012

Thomson View up for sale again

Due to strong interest from property developers, Thomson View Condominium has been re-launched for collective sale through a public tender.

“The tender re-launch for Thomson View Condominium has been triggered by the resurgent interests expressed by developers in view of the bullish S$291.5 million (or S$720 psf ppr) bid made for the neighbouring Government Land Sale (GLS) residential site at Bright Hill Drive on 7th August 2012,” said Jeffrey Goh, Head of Investment Sales at HSR, which is marketing the property.

Located along Upper Thomson Road, the 99-year leasehold site has a land area of about 540,314 sq ft. It is zoned for residential development under the 2008 Master Plan and has a gross plot ratio of 2.1 and maximum permissible height of 24-storeys.

“In addition to a more attractive unit land price of about S$659 psf ppr including balconies, Thomson View is now able to perform a vacant possession period of between 3 months to 6 months after completion subject to a formal contract. This will greatly assist developers in their redevelopment timelines,” said HSR Investment Sales.

The tender for the site will close on 4 September.

View the original article here

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