Thomson View up for sale

[land118]

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1165319/1/.html

Thomson View up for sale
By Millet Enriquez | Posted: 14 November 2011 1814 hrs

SINGAPORE: Thomson View Condominium has been put up for sale with an indicative asking price of between S$595 million and S$635 million, said its marketing agent HSR Investment Sales.

That translates to about S$694 to S$732 per square foot of potential gross floor area for the residential site located along Upper Thomson Road in District 20.

This includes an upgrading premium of about S$130 million to top up the 99-year lease and a differential premium of about S$158 million, said HSR.

The 540,314 square-foot site has a possible net saleable gross floor area of 1.272 million square feet.

Thomson View Condominium has been zoned for residential use with a gross plot ratio of 2.1 with a maximum height of up to 24 storeys.

HSR said a future development can yield about 1,012 units of apartments averaging 1,100 sq ft per unit and 33 strata landed houses averaging 2,500 sq ft.

A brand new development is expected to fetch a minimum of S$1,350 per square foot (psf) to S$1,600 psf.

HSR said higher up Upper Thomson Road, units under construction at Thomson Grand are changing hands at average prices of S$1,350 psf onwards and one unit had achieved a sale price of up to S$1,501 psf.

Currently, Thomson View consists of 200 residential apartments, 54 townhouses and a shop lot.

The site is open for public tender until 3pm on 12 January, 2012.

- CNA/wk

[Alan Shearer]

Basic,

This is your chance!

Don't miss it.

[kane]

It sits on a good plot of land, elevated if you look at it from Thomson plaza. Pity timing not great, otherwise i think it would have been snapped up.

[Rysk]

Basic,

This is your chance!

Don't miss it.

Missed the Boat Expert Mr. B already said will wait for 10-yrs to see property price unfold nicely.. meaning after a few years stuck in the rental market, he is willing to sign for another 10-yrs.. his landlord must be damn happy that Mr. B will continue to service his mortage loan!:D

[Komo]

It sits on a good plot of land, elevated if you look at it from Thomson plaza. Pity timing not great, otherwise i think it would have been snapped up.
there is also another plot opposite ai tong open for tender.
so many for developer to choose from:D :D

[kane]

there is also another plot opposite ai tong open for tender.
so many for developer to choose from:D :D

you referring to faber gardens?

[Komo]

you referring to faber gardens?

yap...comparing the two:

"There is also one new entrant to the scene, Faber Garden, a 544,738 sq ft freehold site sitting along Upper Thomson Road.There is also one new entrant to the scene, Faber Garden, a 544,738 sq ft freehold site sitting along Upper Thomson Road.
Faber Garden's marketing agent Jones Lang Lasalle (JLL) said that the property comes with a $830 million price tag. Based on the maximum gross floor ratio of 1.6 and adding a development charge of about $31.2 million, Faber Garden will cost $988 per square foot per plot ratio (psf ppr).
Zoned for residential use, the site currently comprises five blocks made up of 233 homes and three shop units. If redeveloped, the potential gross floor area of 958,748 sq ft, which includes the bonus 10 per cent balcony space and is subject to approval from the authorities, could yield 760 apartment units with an average size of 1,200 sq ft. The building height is subject to evaluation, said JLL."


"Thomson View Condominium has been put up for sale with an indicative asking price of between S$595 million and S$635 million, said its marketing agent HSR Investment Sales.
That translates to about S$694 to S$732 per square foot of potential gross floor area for the residential site located along Upper Thomson Road in District 20.
This includes an upgrading premium of about S$130 million to top up the 99-year lease and a differential premium of about S$158 million, said HSR.
The 540,314 square-foot site has a possible net saleable gross floor area of 1.272 million square feet.
Thomson View Condominium has been zoned for residential use with a gross plot ratio of 2.1 with a maximum height of up to 24 storeys.
HSR said a future development can yield about 1,012 units of apartments averaging 1,100 sq ft per unit and 33 strata landed houses averaging 2,500 sq ft.
A brand new development is expected to fetch a minimum of S$1,350 per square foot (psf) to S$1,600 psf."

which is better:D

[kane]

yap...comparing the two:

"There is also one new entrant to the scene, Faber Garden, a 544,738 sq ft freehold site sitting along Upper Thomson Road.There is also one new entrant to the scene, Faber Garden, a 544,738 sq ft freehold site sitting along Upper Thomson Road.
Faber Garden's marketing agent Jones Lang Lasalle (JLL) said that the property comes with a $830 million price tag. Based on the maximum gross floor ratio of 1.6 and adding a development charge of about $31.2 million, Faber Garden will cost $988 per square foot per plot ratio (psf ppr).
Zoned for residential use, the site currently comprises five blocks made up of 233 homes and three shop units. If redeveloped, the potential gross floor area of 958,748 sq ft, which includes the bonus 10 per cent balcony space and is subject to approval from the authorities, could yield 760 apartment units with an average size of 1,200 sq ft. The building height is subject to evaluation, said JLL."


"Thomson View Condominium has been put up for sale with an indicative asking price of between S$595 million and S$635 million, said its marketing agent HSR Investment Sales.
That translates to about S$694 to S$732 per square foot of potential gross floor area for the residential site located along Upper Thomson Road in District 20.
This includes an upgrading premium of about S$130 million to top up the 99-year lease and a differential premium of about S$158 million, said HSR.
The 540,314 square-foot site has a possible net saleable gross floor area of 1.272 million square feet.
Thomson View Condominium has been zoned for residential use with a gross plot ratio of 2.1 with a maximum height of up to 24 storeys.
HSR said a future development can yield about 1,012 units of apartments averaging 1,100 sq ft per unit and 33 strata landed houses averaging 2,500 sq ft.
A brand new development is expected to fetch a minimum of S$1,350 per square foot (psf) to S$1,600 psf."

which is better:D

i think it should be more about which is more digestible.

[Komo]

i think it should be more about which is more digestible.
This will be an interesting freehold vs leasehold fight! Hope they launch at the same time:D

[kane]

I have a feeling at least one will not be successful in getting a buyer.

[DuffyDuck]

This estate had been put up for en-bloc sale for 3x. Last attemp was 2008, failed due to wrong timing.... now, again wrong timing :P

[speculator]

This estate had been put up for en-bloc sale for 3x. Last attemp was 2008, failed due to wrong timing.... now, again wrong timing :P


How come this Thomson View so desperate to sell? basic should make them an offer. $100 psf :D

and this time HDB land also competing with them. HDB land up for sale in June 2012.
http://www.hdb.gov.sg/fi10/fi10297p.nsf/ImageView/Bright%20Hill%20Dr%20-%20Main/$file/Bright+Hill+Drive.pdf



May 2010
http://sgpropertywatch.blogspot.com/2010/05/matter-of-time-thomson-view-en-bloc.html

Jan 2011
http://www.h88.com.sg/article/Thomson+View+and+Chateau+Eliza+up+for+en+bloc/

Nov 2011
http://sgproptalk.blogspot.com/2011/11/enbloc-news-thomson-view.html

Apr 2012 AGAIN!
http://www.stproperty.sg/articles-property/singapore-property-news/two-collective-sales-hit-the-market/a/63055