En bloc potential of Thomson View

Thomson View, a private residential project, has recently achieved a successful en bloc sale after five previous failed attempts. Here are the key points regarding its en bloc possibility and outcome:

- Successful Sale: Thomson View was sold for $810 million in a collective sale, marking the largest such transaction in 2024 and the first successful private residential en bloc sale of the year.
- Previous Attempts: The project had failed in four previous en bloc attempts over nearly two decades before this successful sale.
- Sale Details: The sale was brokered by Edmund Tie and secured by a consortium including UOL, Singapore Land Group, and CapitaLand Development. The sale price translates to a plot ratio of $1,178 per square foot, inclusive of land value-added fees and the cost of extending the lease to 99 years.
- Owner Payouts: Owners of the 255-unit leasehold property are expected to receive payouts following the successful sale.

This successful sale indicates that despite previous failures, Thomson View ultimately demonstrated strong en bloc potential, culminating in a significant transaction.