The public tender for the relaunch will commence on May 12 and finish at 3 p.m. on June 8, 2022. Thomson View, which lies on a 540,314 sq ft land near Upper Thomson MRT station, was completed in 1987. It has 200 flats, 54 townhouses, and a retail space. The land is allocated for residential construction under Master Plan 2019, with a gross plot ratio of 2.1.
"The reserve price translates to a land rate of S$1,294 per square foot per plot ratio, after factoring in an additional 7 per cent of bonus gross floor area for private outdoor spaces, an estimated differential premium of S$288.8 million for intensification and about S$332.3 million in upgrading premium for a fresh 99-year lease," said OrangeTee Advisory.