{"id":105135,"date":"2019-03-19T09:45:45","date_gmt":"2019-03-19T02:45:45","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/casa-sophia-relaunched-for-en-bloc-sale-at-lower-price\/"},"modified":"2019-03-19T10:26:42","modified_gmt":"2019-03-19T03:26:42","slug":"casa-sophia-relaunched-for-en-bloc-sale-at-lower-price","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/casa-sophia-relaunched-for-en-bloc-sale-at-lower-price\/","title":{"rendered":"Casa Sophia relaunched for en bloc sale at lower price"},"content":{"rendered":"


\nMost of the owners agreed to a lower asking price of $30 million or $1,158 psf ppr, revealed marketing agent ERA.
\nThe 12-unit Casa Sophia has been relaunched for collective sale by private treaty, after most of the owners agreed to a lower asking price of $30 million or $1,158 psf per plot ratio (psf ppr), revealed marketing agent ERA Realty Network.
\nThe District 9 development was first launched with a reserve price of $36 million or $1,390 psf ppr in July last year, just a few days after the government introduced its latest round of property cooling measures.
\nMore:\u00a0Understanding The En Bloc Process (August 2018)
\n\u201cIt wasn\u2019t an easy decision for the owners as many of the them lived here since the project was built, but with costs of maintenance increasing due to the age of the building, they felt that it is time. They understood the current market sentiment, hence the decision for the second attempt with a lowered asking price,\u201d said ERA representative Tjhai Citanegara.
\n\u201cThere were a couple of offers that came in during the initial attempt. With its locality and reasonable asking price, we expect stronger interest after the reduction,\u201d he noted.
\nSituated within Mount Sophia, the freehold development occupies a 12,327.9 sq ft site zoned residential under the 2014 Master Plan, with a gross plot ratio of 2.1.
\nCasa Sophia is close to Dhoby Ghaut MRT station and Orchard Road as well as various schools, including Singapore Management University and School of the Arts Singapore.
\nGet more details on the property market outlook for 2019 here
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Casa Sophia relaunched for en bloc sale at lower price<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Most of the owners agreed to a lower asking price of $30 million or $1,158...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-105135","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rlJ","jetpack-related-posts":[{"id":99490,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/la-ville-condo-relaunched-with-lower-asking-price-of-140-6m\/","url_meta":{"origin":105135,"position":0},"title":"La Ville condo relaunched with lower asking price of $140.6m","date":"October 10, 2018","format":false,"excerpt":"\r La Ville is a 40-unit freehold condominium at Tanjong Rhu Road. (JLL) $1,424 psf ppr, or $1,361 psf ppr after taking into account the 10 percent bonus balcony space. A development charge of about $7.2 million is payable as well. Marketing agent JLL revealed on Tuesday (9 Oct) that\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102740,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/flynn-park-choon-kim-house-lower-prices-for-another-en-bloc-attempt\/","url_meta":{"origin":105135,"position":1},"title":"Flynn Park, Choon Kim House lower prices for another en bloc attempt","date":"January 7, 2019","format":false,"excerpt":"\r Most of the owners at Flynn Park off Pasir Panjang Road have agreed to a lower asking price. (Photo: JLL) Two freehold developments \u2013 Flynn Park and Choon Kim House \u2013 have relaunched their en bloc sale tenders at lower reserve prices, revealed marketing agent JLL on Friday (4\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":70106,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/crystal-tower-relaunched-for-collective-sale-at-lower-price\/","url_meta":{"origin":105135,"position":2},"title":"Crystal Tower relaunched for collective sale at lower price","date":"October 26, 2017","format":false,"excerpt":"\r Built in the 1970s, the 28-unit Crystal Tower is now going for $138 million. (Photo: Edmund Tie) Crystal Tower, a freehold residential site at Ewe Boon Road, has been put up for en bloc sale again at $138 million, marketing agent Edmund Tie & Co. said on Thursday (26\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121263,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/siglap-shopping-centre-relaunched-for-en-bloc-sale-price-unchanged-at-120mil\/","url_meta":{"origin":105135,"position":3},"title":"Siglap Shopping Centre relaunched for en bloc sale, price unchanged at $120mil","date":"August 5, 2021","format":false,"excerpt":"\r Siglap Shopping Centre relaunched for en bloc sale, price unchanged at $120milThe site could be developed into a \u201cprominent\u00a0mixed-use development\u00a0that caters to the lifestyles of residents in the vicinity. Photo: OrangeTee Advisory Siglap Shopping Centre along East Coast Road has been relaunched for collective sale via public tender with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/Siglap-Shopping-Centre-crop.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":104889,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/selegie-centre-sold-en-bloc-for-120m\/","url_meta":{"origin":105135,"position":4},"title":"Selegie Centre sold en bloc for $120m","date":"March 11, 2019","format":false,"excerpt":"\r Katong Plaza, another mixed-use development, has been relaunched for en bloc sale at an asking price of $188 million ($1,968 psf ppr). Mixed-use development Selegie Centre has finally been sold at its $120 million reserve price, or $1,942 psf per plot ratio (psf ppr), following two failed en bloc\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119997,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mount-emily-residential-buildings-on-sale-for-18mil\/","url_meta":{"origin":105135,"position":5},"title":"Mount Emily residential buildings on sale for $18mil","date":"January 19, 2021","format":false,"excerpt":"\r Mount Emily residential buildings on sale for $18milLocated 200 m away from Little India MRT interchange, the freehold properties\u00a0are near Mount Emily Park, Orchard Road and the central business district. Image: Edmund Tie & Company A portfolio of three freehold residential buildings at 2, 4 and 6 Mount Emily\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/2-4-6-Mount-Emily-Road.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105135"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=105135"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/105135\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=105135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=105135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=105135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}