Judge gives green light for S$810 million Thomson View en bloc sale

The S$810 million collective sale of Thomson View condominium has officially received court approval, clearing the path for Singapore’s largest en bloc deal since Chuan Park’s S$890 million sale in 2023.

The green light from the High Court comes after a months-long delay caused by objections from a small group of owners and concerns over the validity of certain signatures. On July 1, Justice Audrey Lim confirmed that there were no remaining objections, allowing the transaction to proceed.

Located on Bright Hill Road, Thomson View comprises 200 apartments, 54 townhouses and a shop unit. The site was first put up for tender in February 2024, but no buyer was secured by the September deadline. After the reserve price was lowered by 12 percent from S$918 million to S$808 million in October 2024, the owners received a purchase offer from UOL, Singapore Land, and CapitaLand Development (CLD).

The collective sale hit a legal snag in March 2025 when the Strata Titles Board issued a stop order following unresolved objections from six unit owners. Among the issues raised was the timing of the required 80 percent consensus from unit owners. Justice Lim flagged that 206 signatures backing the deal might have been collected outside the 12-month period allowed for securing approval.

Subsequent court filings clarified that 210 units had signed the Collective Sale Agreement (CSA) within the permitted timeframe. The 206 signatories who later signed the supplemental agreement did so after some units changed hands. According to Alan Tan of Wee Swee Teow LLP, transparency led to the inclusion of all signature pages, even those beyond the cutoff.

With all objections withdrawn and compliance confirmed, the judge awarded the collective sale committee S$5,000 in costs and S$3,829.20 in disbursements, to be paid by the objectors.

Thomson View owners will receive between S$2.2 million and S$4.9 million, depending on unit size. The 5-hectare site will be redeveloped into a 1,240-unit residential project. At S$810 million, the land rate works out to S$1,178 per square foot per plot ratio.

UOL and CLD said in a joint statement they were pleased to move forward with this strategic acquisition and looked forward to revitalising the estate. ETC, the marketing agent for the sale, called the process complex but rewarding. Head of investment advisory Swee Shou Fern said: “The collective sale journey is rarely linear, but ETC is proud to have guided the owners through the challenges with clarity and conviction.”