Thomson View condo back on en bloc market
Thomson View condominium is up for sale by public tender again.
The 99-year leasehold residential site located along Upper Thomson Road has a guide price of $580 million.
Including a $107 million premium to enhance the property's use and a $90 million premium to top up the lease, which has 62 years left, this translates to $685 per square foot per plot ratio.
Inclusive of the additional 10 per cent gross floor area for the balcony area - for which the site may incur a development charge payable to the authorities amounting to about $46 million - the unit land price is $659 psf ppr.
Inclusive of the additional 10 per cent gross floor area for the balcony area - for which the site may incur a development charge payable to the authorities amounting to about $46 million - the unit land price is $659 psf ppr.
The project, which comprises 200 flats, 54 townhouses and a shop unit, has a land area of 540,314 square feet.
Under Master Plan 2008, it is zoned for residential use, with a gross plot ratio of 2.1.
The tender has been extended by a week and will close on Sept 4 at 3pm.
Source: Business Times – 22 August 2012