On July 1, the High Court gave the green light for the collective sale of Thomson View at S$810 million. This approval came after a previous stop order in March, which was issued due to objections raised by several unit owners.
With those objections resolved and legal concerns addressed, the en bloc sale has now been allowed to move forward – marking a major milestone in Singapore’s en bloc property scene in recent years.
UPDATE: The Thomson View redevelopment, Thomson Reserve, is set to launch in Q3 2026.
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The largest collective sale since 2023
Thomson View’s en bloc sale is officially the largest collective sale in Singapore since 2023, when Chuan Park was sold for S$890 million.
The site was acquired by a powerhouse consortium consisting of UOL Group, Singapore Land (SingLand), and CapitaLand Development (CLD). Their redevelopment plans are ambitious – they plan to redevelop the site into a 1,240-unit residential project – a huge transformation from its current state.
A look at the property and tender history
The journey to this en bloc success started back in February 2024, when Thomson View was relaunched for sale with a reserve price of S$918 million. However, things didn’t go as planned and the second tender closed in September with no bids.
But things changed in October 2024, when the developers signed a conditional call-and-put option at the revised price of S$808 million – around 12% below the original reserve.
Over just two weeks, about 65% of owners agreed to the new price. Still, the new reserve could only take effect if 80% of owners, by both strata area and share value, signed on. That threshold was eventually met, and the deal moved ahead.
This agreement allowed either party to proceed with or exit the deal under agreed conditions. By November 2024, the option was exercised, with 5% of the sale price paid, including a S$1 million deposit.
Behind the deal: Ownership and partnerships
UOL is making the acquisition through an 80:20 joint venture with its fully owned subsidiary, Singapore Land Group. Meanwhile, CLD is purchasing through its own indirect subsidiary, CL Onyx Pte Ltd.
Both sides – United Venture Development and CL Onyx – will each hold a 50% stake in the new development, ensuring shared responsibility and investment.
Details about Thomson View
Thomson View is a 255-unit private condo on Bright Hill Drive, covering a sizeable plot of five hectares. Currently, the development includes 200 apartments, 54 townhouses, and 1 shop unit.
It was completed in 1987 and sits on a 504,314 square foot plot. The land is held under a 99-year lease from April 7, 1975, and carries a plot ratio of 2.1.
This makes the site suitable for redevelopment, which is exactly what the developers intend.
The S$810 million deal, translating to S$1,178 psf ppr, includes land betterment charges and a lease upgrading premium for a fresh 99-year term.
What’s so special about Thomson View’s site?
Thomson View’s location has pretty good potential.
The five-hectare plot sits on elevated ground, offering unblocked views – something increasingly rare in Singapore.
It’s also right next to Upper Thomson MRT Station, which adds strong convenience. Bright Hill MRT is also within walking distance, while other nearby stations such as Marymount, Bishan, and Caldecott are all within a short drive. With such a strong public transport network and expressway links nearby, getting to the city or other parts of Singapore is quick and hassle-free.
The area is rich in amenities. Shopping malls like Thomson Plaza, Sin Ming Plaza, and Junction 8 are all located within 1.5 km. If you’re doing your weekly grocery run, you’ve got supermarkets such as NTUC FairPrice and Sheng Siong less than 1 km away. For dining, Sembawang Hill Food Centre and other nearby eateries offer plenty of options.
Families will appreciate the range of schools nearby. The site is within 1km of Ai Tong School, a well-regarded primary school. Besides Ai Tong, there are also Catholic High School and CHIJ St Nicholas Girls’ School located within about 2 km. You’ll also find childcare centres within walking distance, making daily routines a lot easier for young families.
Thomson View also sits right on the edge of MacRitchie Reservoir, so if you’re on one of the higher floors, you’ll likely enjoy scenic views of lush greenery and water. Windsor Nature Park and several other green spaces are nearby too, making it a great spot for those of you who love the outdoors.
Overall, the neighbourhood offers a peaceful, residential vibe while keeping you connected to everything you need. It’s nestled in an established part of Bishan, known for its family-friendly environment and convenient access to both nature and city life. This unique mix of greenery, schools, connectivity, and daily conveniences is likely why the site stood out so strongly to developers.
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Other moves by the developers
This isn’t the only thing the developers have been up to. The same group involved in the Thomson View en bloc deal also acquired a 50% stake in 388 George Street in Sydney for A$460 million.
And on the regional front, CLD recently saw a 99% take-up rate for Lumi Hanoi, one of its overseas residential projects – suggesting strong momentum across multiple markets.
About Sophiyanah David
Sophi, a seasoned copywriter specialising in Singaporean real estate and property, is one of the minds behind 99.co's informative articles. Like her colleagues at 99.co, Sophi is dedicated to keeping you informed about the ever-changing world of real estate so you can find your forever home. When off the clock, you can find her giggling and kicking her feet as she reads her romance novels, watching anime - if FMBA is not your fave, she might fight you (but you'll probably win) and looking up latest skincare trends.
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