Thomson View fails in fourth bid to sell en bloc

Thomson View, which sits on a 540,314 sq ft site in Upper Thomson Road, secured support from only 76 per cent of owners in its fourth attempt to launch a collective sale.
Thomson View, which sits on a 540,314 sq ft site in Upper Thomson Road, secured support from only 76 per cent of owners in its fourth attempt to launch a collective sale.PHOTO: HSR INVESTMENT SALES

255-unit estate unable to get 80% approval rate after raising reserve price to $938 million

Thomson View condo has failed in its fourth attempt to launch a collective sale - just the latest in a growing list of projects that have been unable to secure the requisite 80 per cent approval rate to kick-start a sale.

The 255-unit estate in Upper Thomson Road had raised the reserve price three times in the past year to $938 million, but still garnered backing from only 76 per cent of owners.

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A version of this article appeared in the print edition of The Straits Times on October 05, 2018, with the headline 'Thomson View fails in fourth bid to sell en bloc'. Print Edition | Subscribe