New Launch Condo in District 9 are sold by Orchard Sophia JLL for $62 million.
This New Launch Condo with a freehold are available in Orchard Sophia. The land might be transformed into a luxury apartment complex with a gross floor space of approximately 50,000 square feet. Orchard Sophia's anticipated TOP date is Q1 2027. In Orchard Sophia, there are 78 units. Orchard Sophia was created by DB2Land.
JLL has sold two adjacent District 9 collective sale sites, Fairhaven and Sophia Ville, to a local developer for $62 million, or a unit land pricing of $1,239 psf/plot ratio. The sites total 23,828 square feet and are classified for residential use under the 2019 Master Plan, with a gross plot ratio of 2.1.
New Condo Launch: Orchard Sophia (Fairhaven and Sophia Ville sites)
In late August, New Launch freehold plots were simultaneously placed up for bids. The transaction has received the approval of more than 80% of the owners, subject to a number of restrictions. According to JLL Singapore Capital Markets senior director Yong Choon Fah, "by conducting a joint tender exercise, we bring greater value to owners of both sites by offering the buyer economies of scale and a higher efficiency from the larger site."
If you are interested in this new launch condo, discover more about projects details here!!!
The Sophia Road locations are within ten minutes' drive from the Orchard Road MRT station. A quick detour will take you to the Dhoby Ghaut MRT Interchange Station in a few minutes.
The New Launch Property is also close to the future St. Margaret's Primary School, the Anglo-Chinese School (Junior), and the School of The Arts (SOTA). Additionally, tertiary educational establishments including Singapore Management University, Nanyang Academy of Fine Arts, and LaSalle College of The Arts are close by.
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