Thomson Three

The ground under it was tendered in 2012. Both ends of that are public; nobody puts them together.

The land under Thomson Three

HDB put this parcel out to tender and names Thomson Three as what was built on it. Everything below is from that tender: the dates, the winning price, and the 6 bids that came in.

  1. Tender launched20 Jun 2012
  2. Tender closed7 Aug 20126 bids received
  3. Awarded10 Aug 2012UVD Pte. Ltd.
  4. Winning tenderS$291,500,000S$7,748 per sq m of gross floor area · S$720 per sq ft
Parcel
Bishan S8 Bright Hill Drive
Site area
13,437 sq m
Lease
99 yrs
Plot ratio
2.8
Gross floor area
37,624 sq m
Sold as
Condominium
Every bid — all 6, as HDB published them
Ranked by amount. The gap column is each bid measured against the winning one — subtraction, not a judgement about whether anyone bid well.
#TendererBidBehind the winner
1UVD Pte. Ltd.S$291,500,000—
2FCL Topaz Pte. Ltd., Far East Orchard Limited and Seikisui House, Ltd.S$246,800,000S$44,700,000 · 15.3%
3Qingjiang Realty (South Pacific) Group Pte LtdS$245,870,000S$45,630,000 · 15.7%
4Verspring Properties Pte. Ltd.S$243,000,000S$48,500,000 · 16.6%
5Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Hoi Hup J.V. Development Pte LtdS$230,870,000S$60,630,000 · 20.8%
6Wee Hur Development Pte LtdS$206,200,000S$85,300,000 · 29.3%

What the land cost and what a unit sells for are not two ends of one sum. Between them sit construction over a multi-year build, financing, the development charge, marketing and agent commissions, GST, and the cost of holding unsold units. None of those is published for a named project, so this site does not estimate a developer’s cost or margin and no figure here should be read as one.

Source: HDB — Sites Sold by HDB · tender awarded 10 Aug 2012 · transcribed from HDB’s published tables on 2026-08-31 · prices are nominal and are not adjusted for inflation. HDB names the development on this row as “Thomson Three”. This parcel, from tender to today · Every land sale

What has been filed there since

2012 · the groundS$291,500,000S$720 per sq ft of gross floor area
Today · the homes on it$1,858median of 137 filed transactions, 2021-09 to 2026-09

Those two are not the same square foot. Gross floor area includes what nobody buys — the corridors, the car park, the plant rooms — so the land rate is spread across more area than a unit is sold by. The ratio is arithmetic on two published figures and is not a return, a profit, or an appreciation.

Year by year, every size at this address

Every size that sold, which is why it moves when the mix of sizes moves and not only when prices do — no single size band here has enough years to stand on its own yet. Counts in brackets; a year with fewer than 3 filed sales is kept and marked rather than dropped, because a reader can discount a thin year and cannot discount one that was silently removed.
YearMedian psfAgainst the year before
2021$1,708 (14)—
2022$1,735 (33)+1.6%
2023$1,926 (29)+11.0%
2024$2,022 (22)+5.0%
2025$2,063 (21)+2.0%
2026$2,165 (18)+4.9%

The two ends of this page are not two ends of one sum. Between the tender and the first unit sold sit construction over a multi-year build, financing, the development charge, marketing and agent commissions, GST, and the cost of holding unsold stock. None of those is published for a named project, so nothing here estimates a developer’s cost or margin and no figure on this page should be read as one. Why that is refused.

The rest of it