Executive Summary: Landmark En Bloc Transaction
The former Thomson View Condominium, located at Bright Hill Drive, represented one of the largest residential land parcels in District 20. In October 2025, Tamarind Development Pte. Ltd. — a joint venture consortium formed by UOL Group Limited, Singapore Land Group Limited, and CapitaLand Development Pte. Ltd. — successfully acquired the site at S$810 million. The land rate translates to S$1,178 PSF PPR after accounting for land enhancement charges for lease top-up and a 2.1 plot ratio.
Site Factsheet & En Bloc Data
| Parameter | Official Value |
|---|---|
| En Bloc Tender Date | October 2025 |
| Successful Acquisition Price | S$810,000,000 (S$810 Million) |
| Land Rate (PSF PPR) | S$1,178 PSF PPR (incl. land enhancement & lease top-up) |
| Acquiring Consortium | Tamarind Development Pte. Ltd. (UOL / SingLand / CapitaLand JV) |
| Site Area | ~51,567 sqm (~555,066 sq ft) |
| Gross Plot Ratio (GPR) | 2.1 |
| Total Redeveloped Units | 1,268 Units (1,066 Classic / 202 Luxury Collection) |
| Target TOP | Circa 2030 |
Why Land Price ($1,178 PSF PPR) Protects Buyers
Securing land at $1,178 PSF PPR provides the developer consortium with sufficient margin buffer to deliver uncompromised architectural quality, 50+ luxury facilities, and lush landscape architecture without inflating launch prices beyond reach.
Compared to recent GLS land sales in prime RCR locations where land rates have breached $1,300–$1,400 PSF PPR, Thomson Reserve’s conservative land basis underpins long-term price security and capital appreciation potential for early-bird buyers.
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