Thomson View, which is located at 1-17E Bright Hill Drive, has a land area of 540,314 sq ft with a leasehold of 99 years starting from April 7, 1975. The condo was completed in 1987.
UOL and CapitaLand Singapore have agreed to acquire the 255-unit Thomson View Condominium for $810 million.
UOL’s indirect subsidiary, United Venture Development (UVD) and CL Onyx, an indirect wholly-owned subsidiary of CapitaLand Singapore (CapitaLand Development or CLD), entered into a put and call option agreement for the en-bloc purchase of the condo on Oct 26. UVD is 80:20 held by UOL’s wholly-owned subsidiary, UOL Venture Investments and SingLand Residential Development, a wholly-owned subsidiary of Singapore Land Group (SGX:U06
) Limited, respectively.
