Beyond Thomson Impressions

/ The Edge Property
January 5, 2016 10:00 AM SGT
After 16 years in Singapore, Zuo Haibin and his wife, Li Minghua, regard the Bishan-Thomson area as one of the choicest neighourhoods to live in. Home is Clover By The Park, a private condominium that fronts Bishan Park, where the Zuo family goes for morning strolls. As a member of the Singapore Island Country Club at Upper Thomson, Zuo plays golf regularly.
Most weekends, the couple can be found at MacRitchie Reservoir Park for the TreeTop Walk. And it was where Zuo trained for the gruelling 110km four-day trek in the Gobi Desert Challenge 2012, where he was one of a team of 40 participants who represented the National University of Singapore Asia-Pacific Executive MBA (Chinese) Alumni.
Besides proximity to three parks, namely Bishan Park, Lower Peirce Reservoir Park and MacRitchie Reservoir Park, another major attribute is the location’s proximity to good schools such as Ai Tong School and Raffles Institution. Although he is from Shandong, China, Zuo’s lifestyle is very much Singaporean.
Naturally, his maiden property development as managing director of Vico Construction is in the Bishan-Thomson area. It is the 288-unit Thomson Impressions on Lorong Puntong, located just off Sin Ming Avenue. Mainland Chinese conglomerate Nanshan Group has a 95% equity stake in the project, while Vico holds a 5% stake. The site area, which measures 113,052 sq ft, is ideal, says Zuo. “We thought it was better not to buy a site that was too big for our first development.”
The 288-unit Thomson Impressions is the maiden project of Nanshan and Vico
Few competing launches in the vicinity Another attraction is that there are not many other competing condo projects in the neighbourhood, as most of those launched on government land sale sites are substantially sold. The most recent project launched in the Upper Thomson neighbourhood was the 455-unit Thomson Three by UOL Group and Singapore Land. Thomson Three was launched in September 2013, just three months after the imposition of the total debt servicing ratio loan limit. The developer sold units at an average price of $1,338 psf and only eight units remained unsold as at...