High Court approves $810m collective sale of Thomson View condo

The High Court on July 1 approved the $810 million sale of Thomson View condominium – the largest residential collective sale since Chuan Park changed hands for $890 million in May 2023.

- Grace Leong

Relief broke out among the 30-plus residents and parties related to the Thomson View sale who had packed the courtroom earlier that morning when High Court Judge Audrey Lim allowed the sale to proceed, after considering further submissions by the collective sale committee's (CSC) lawyers and that there were no objections from home owners.

The deal had been put on hold on May 22, after lawyers representing the Thomson View CSC made errors in documents, including submitting "incomplete" documents.

A group of six dissenting home owners had filed objections to the Strata Titles Boards, which stopped the collective sale process on March 19 after mediation efforts failed. It is unclear on what grounds they objected to the sale, but all of them had withdrawn their objections by March 29.

Thomson View was sold to UOL, Singapore Land (SingLand) and CapitaLand Development (CLD) after at least 80 per cent of owners – 206 units – agreed to lower their reserve price to $808 million.

This allowed them to accept the $810 million offer, which was below their original reserve price of $918 million.