The Straits Times
www.straitstimes.com
Published on Sep 07, 2012
 

Thomson View condo sold en bloc for $590m

 
 

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.