Thomson View Condominium owners have reduced the collective sale reserve price by 12%, from $918 million to $808 million, following unsuccessful tenders. The 50-year leasehold property, which consists of 200 apartments, 54 townhouses, and a shop unit, is located near Upper Thomson MRT. The new reserve price translates to $1,141 psf per plot ratio, potentially allowing developers to build up to 1,240 units on the 1.2 million sq ft site. Developers have until November 14 to make offers during the ongoing private treaty period.
