Thomson View $810m sale on hold due to 'incomplete' documents

The $810 million sale of Thomson View Condominium was put on hold by a High Court judge after the lawyers representing the collective sale committee (CSC) submitted "incomplete" documents.

- Grace Leong

At least 25 residents and parties related to the Thomson View sale packed the courtroom on May 22, awaiting the High Court's ruling on the fate of the $810 million sale, potentially the biggest residential collective sale since Chuan Park was sold for $890 million in May 2023.

High Court Judge Audrey Lim spent a better part of the hearing giving the lawyers of the Thomson View CSC a dressing-down for errors in documents, including submitting an "incomplete" affidavit, and told them "it is important you do the proper due diligence".

Thomson View was sold to UOL, Singapore Land (SingLand) and CapitaLand Development (CLD), after at least 80 per cent of owners (206 units) consented to lower their reserve price to $808 million, allowing them to accept the $810 million offer that was below their original reserve price of $918 million.

UOL, SingLand and CLD signed a conditional call-and-put option in October 2024 to acquire the 99-year leasehold development at $810 million. On Nov 25, 2024, UOL announced that it had exercised the call option for the purchase.