Casa Sophia En Bloc Sold to Huang Yanhong & Zhang Zhiming for $29M

ABOUT THE EN BLOC SALE

The Casa Sophia is located at 105 Sophia Road in District 09. It is comprised of 12 units of a spacious residence. This property en bloc was launched into tender last year with high hopes that it will be successful this time.

For the record, Casa Sophia was first launched to tender back in July 2018 with an asking price amounting to $36 million. As the tender is set to close in August 2018, there were no possible buyers who showed interest for the site.

The second attempt for the relaunch was in March 2019 through a private treat. The price was lowered to a 16% discount at an asking price of $30 million or $1,158 per square foot per plot ratio. The tender closed at a successful sale which finally put Casa Sophia into the list of properties to be redeveloped and look forward to.

It was sold to a Singapore-linked private entity at a successful sale price of $29 million or a translated price of $1,120 per square foot per plot ratio. Though the price falls short from the set asking price, the former unit owners of this freehold property is very happy that it now finally found a new owner. The company that bought this en bloc is owned by Zhang Zhiming and Huang Yanhong.

 

CASA SOPHIA LOCATION

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The Casa Sophia en bloc is nestled in a very prime and easily accessible address in District 09. The site was just about 10 minutes walk to Mount Emily Park. It has a very nice neighborhood with a touch of serenity in its ambiance. One of the promising properties nestled also in District 09 is the Orchard Sophia,  a new freehold residential development by Orchard Sophia Pte Ltd. This property sits in District 09 and is surrounded by a great list of amenities for the utmost convenience.

Connectivity-wise, this address which nestled at 105 Sophia Road have an excellent connecting route. Major roads and expressways allow vehicle owners to have the convenience to drive in and out the district with less hassle. Some of these roads include the Central Expressway (CTE) and Bukit Timah Road.

Property-seekers who commutes a lot always take into consideration the accessibility of public transport services near the address. The site has a lot of nearby MRT stations that offer traffic-free convenience. Stations within 2-kilometer radius include Jalan Besar MRT, Nicoll Highway MRT, Dhoby Ghaut MRT and Bras Basah MRT. Aside from these stations are plenty of neighboring bus stops. Exceptional convenience for both commuting and non-commuting residents.

The available educational institutions in the area offer what they call an excellent standard. These schools give exceptional importance to the quality of education that they deliver to their students. Schools that are both local and international are just a few minutes away. The long list includes the Addison Institute, Beacon International College, St. Margaret’s Primary School and International Management School to mention some. There are still a lot more schools lined up in within two kilometers from the address.

Entertainment and recreational amenities are abundant in the area as well. The famous Orchard Shopping District is just a short drive away which can provide a magnificent enjoyment to the residing community. Sufficient shopping malls and recreational establishments surround the address.

 

MODE OF TRANSPORT

• Dhoby Ghaut MRT
• Bras Basah MRT
• Nicoll Highway MRT
• Newton MRT
• Jalan Besar MRT
• Farrer Park MRT
• Esplanade MRT
• Central Expressway (CTE)
• Bukit Timah Road

NEARBY AMENITIES

• St. Margaret’s Primary School
• Addison Institute
• International Management School
• Beacon International College
• Farrer Park Tennis Centre
• Tekka Centre
• Orchard Shopping Centre
• Mount Emily Park
• National Museum of Singapore
• Pek Kio Market & Food Centre
• Golden Village Plaza

 

POTENTIAL OF THE SITE

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The site of Casa Sophia have a land size of 12,327.9 square feet. This site can be successfully redeveloped into a magnificent residential property. Zoned for residential use as per the 2019 URA Master Plan, this site has a plot ratio on 2.1.

The redeveloped site can yield about 36 condominium units that have an average size of 700 square feet. With its accessibility to various amenities specially the Orchard Shopping District and Central Business District, there is an excellent opportunity to attract buyers and potential renters as well.

Known for as the so-called hunting grounds for various developers, the site is expected to provide a high standard, modern and luxurious residence for property-seekers. With its exceptional potential, this will be a good development that property-investors can look forward to.

 

CASA SOPHIA NEW CONDO REGISTRATION OF INTEREST

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