Sellers to slash Thomson View reserve price to $808m

The previous price was $918m.

Sellers of Thomson View Condominium are planning to lower its reserve price from $918m to $808m, according to the asset's marketing agent, Edmund & Tie.

The new reserve price will only take effect once owners holding at least 80% of the strata area and share value sign the Supplemental Agreement.

So far, only 60% of owners have signed.

At the revised price of $808m, the land rate will be $1,176 per square foot per plot ratio, factoring in the land betterment charge and the lease upgrading premium for a new 99-year lease.

With an 8% bonus floor area, the land rate would be $1,141 per square foot per plot ratio.

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