Thomson View condo sold en bloc for $590m

Published on Sep 07, 2012
10:30 AM

Owners of Thomson View units are set to receive gross proceeds of $1.62 million to $3.59 million. -- PHOTO: HSR INVESTMENT SALES

By Esther Teo, Property Reporter

Thomson View Condominium has breathed new life into the collective sale market, fetching a whopping $590 million in the fifth largest such sale here.

One factor that helped clinch the landmark sale was likely the newly announced nearby Upper Thomson MRT station - part of the upcoming Thomson Line.

Many experts had thought the days of mega collective sales of more than $500 million were over in the wake of the property market cooling measures.

But mainboard-listed developer Wee Hur Development and private equity investment company Lucrum Capital have proved them wrong.

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