Thomson View fails in fourth bid to sell en bloc

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

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
Senior Business Correspondent
  • Published
    Oct 5, 2018, 5:00 am SGT
New: Gift this subscriber-only story to your friends and family

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.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*
Subscribe now

*Terms and conditions apply.

Join ST's Telegram channel here and get the latest breaking news delivered to you.

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'. Subscribe
Topics: