Source: Thomson_View:SG::UOL, CapitaLand move to buy Thomson View Condo for S$810 million:https://www.businesstimes.com.sg/property/uol-capitaland-move-buy-thomson-view-condo-s810-million
News & Politics
**Description:**
🚨 **Breaking News in Singapore Real Estate!** 🚨
UOL and CapitaLand have officially signed an option to acquire the iconic **Thomson View Condominium** for a whopping **S$810 million!** 🏙️ This monumental deal, which is subject to the consent of at least **80%** of the owners, marks a significant moment in the Singapore property market as it represents the **largest en bloc acquisition since 2023**! 📈
The acquisition values the prime **5-hectare** site at approximately **S$1,178 per square foot (psf) per plot ratio (ppr)**, including land betterment charges. 🏗️ But here’s the twist – this deal comes in **12% lower** than the original reserve price of **S$918 million**! 🏷️
This property has been on the market since February 2024, and the sale was relaunched in July at the same price. As market dynamics shift, owners took the strategic step to lower the asking price to secure the deal. 🏡✨
👉 **Stay tuned for more updates** on this exciting development and what it means for the future of Singapore’s real estate landscape! 🌆
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