Fairhaven and Sophia Ville enbloc for $62m

 

Fairhaven and Sophia Ville are situated in the Prime District 9 of Singapore at 128 & 130 Sophia Lane. The Fairhaven and Sophia Ville Combine Sites are sold en bloc for a sum of S$62 million. The New Condo will be named as “Orchard Sophia“.

JLL Singapore, the official selling representative for the joint sale of Fairhaven and Sophia Ville, brokered this contract.

In late August, the 2 neighboring joint sales sites opened their tenders and closed in September. This is after this en bloc selling has been accepted by more than 80 percent of the condo owners. The selling price introduced for sale in August this year was SS$64 million and the offer was struck at S$62 million after some bargaining.

Sitting on an area of 23,828 sq ft, the combined sites have a total plot ratio of 2.1. It is zoned for residential use, according to the URA 2019 Master Plan. It has 53,541 square feet of gross floor space that enables the developer to redevelop them into a new single, large prime residential house.

 

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Fairhaven and Sophia Ville Location

Located at 128 and 130 Sophia Road, Fairhaven and Sophia is located at the heart of Sophia Hills in Singapore District 9. Here is one of the most sought after residential homes in Singapore owing to the position which is near to ample amenities.

The MRT Interchange Station Dhoby Ghaut is 400 meters away from the prime location, and the Orchard Road shopping district takes just a few minutes’ stroll. The place is similar to several elite colleges and other academic institutions. A quick drive away are the Central Business Area, the Orchard Retail Belt and Marina Bay.

 

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Potential of the Site

For developers, the sites when combined can be merge into a prime freehold residential plot with gross floor area of 50,000sf, which is rare in that vicinity with mostly apartments of small land size.  

For residents and investors, this site is highly sought after for investors looking for rental yield as this location is well sought after from foreign students studying in the vicinity. 

Residents here will enjoy the amenities in the vicinity such as Plaza Singapura, Selegie Centre, SMU and other local gourmets are all within walking distance.

 

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Specification

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