{"id":109075,"date":"2019-07-17T12:52:01","date_gmt":"2019-07-17T05:52:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/sophia-view-is-the-first-residential-en-bloc-sale-of-2019\/"},"modified":"2019-07-17T15:09:42","modified_gmt":"2019-07-17T08:09:42","slug":"sophia-view-is-the-first-residential-en-bloc-sale-of-2019","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sophia-view-is-the-first-residential-en-bloc-sale-of-2019\/","title":{"rendered":"Sophia View is the first residential en bloc sale of 2019"},"content":{"rendered":"


\nSophia View, a five-unit residential development in District 9, was sold in June to a private investor, making it this year\u2019s first residential collective sale, reported Business Times.
\nWhile marketing agent SRI refused to reveal the exact purchase price for the property, it shared that each unit will receive around $2 million.
\nLocated at 108 Sophia Road, Sophia View is nestled on a site zoned residential with a plot ratio of 2.1.
\nSRI co-founder and managing director Bruce Lye said the buyer is acquiring the property in his own name, while \u201ckeeping his options open\u201d. The buyer will evaluate later whether to redevelop the site or apply for potential change of use.
\n\u201cEssentially for this investor, he sees the potential upside of the area and value of the land and is taking a long-term view of the market,\u201d he said.
\nThe residential en bloc market has remained relatively quiet despite several fresh and relaunched tender.
\nThe last such transaction were that of Phoenix Heights, which was sold to an associate of OKP Holdings in August 2018, and Waterloo Apartments, sold to Fragrance Group for $131.1 million in November, said Christine Li, head of research for Southeast Asia at Cushman & Wakefield.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Sophia View is the first residential en bloc sale of 2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sophia View, a five-unit residential development in District 9, was sold in June to a...<\/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-109075","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-snh","jetpack-related-posts":[{"id":113600,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/casa-sophia-finally-sold-en-bloc-for-29-million\/","url_meta":{"origin":109075,"position":0},"title":"Casa Sophia finally sold en bloc for $29 million","date":"January 14, 2020","format":false,"excerpt":"\r The price works out to a land rate of $1,200 per sq ft per plot ratio (psf ppr). Casa Sophia, a 12-unit freehold residential development located along Sophia Road, has been sold en bloc for $29 million, reported The Business Times. Including a development charge of around $2.2 million,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123706,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/peace-centre-peace-mansion-sold-for-650mil\/","url_meta":{"origin":109075,"position":1},"title":"Peace Centre, Peace Mansion sold for $650mil","date":"December 9, 2021","format":false,"excerpt":"\r Located along Sophia Road, Peace Centre and Peace Mansion\u00a0occupy a 76,617 sq ft site. Source: Google\u00a0Maps After five tries at a collective sale, the shopping mall Peace Centre and apartment complex Peace Mansion have finally been sold for $650 million to a joint venture comprising Sing Haiyi Crystal, CEL\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/Peace-Centre-Peace-Mansion-Building-photo-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":119997,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mount-emily-residential-buildings-on-sale-for-18mil\/","url_meta":{"origin":109075,"position":2},"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":[]},{"id":93529,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/casa-sophia-up-for-en-bloc-sale-despite-new-cooling-measures\/","url_meta":{"origin":109075,"position":3},"title":"Casa Sophia up for en bloc sale despite new cooling measures","date":"July 10, 2018","format":false,"excerpt":"\r Despite the government\u2019s release of new property cooling measures, the owners of Casa Sophia in District 9 remained undeterred as they launched the 12-unit development up for collective sale with a reserve price of $36 million. If the sale proves to be a success, each owner stands to gain\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138783,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tmw-maxwell-the-arden-and-orchard-sophia-launch-over-the-weekend-and-more\/","url_meta":{"origin":109075,"position":4},"title":"TMW Maxwell, The Arden, and Orchard Sophia Launch Over the Weekend, and More","date":"August 14, 2023","format":false,"excerpt":"\r 8 to 14 August 2023 Three Q3 2023 major new condos \u2013 TMW Maxwell, The Arden, and Orchard Sophia\u00a0\u2013 launched over the weekend. Meanwhile, ahead of Prime Minister Lee Hsien Loong\u2019s National Day Rally 2023 speech, property experts predict the announcements he could make. \u00a0 1. TMW Maxwell sells\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2023\/08\/singapore-ann-siang-hill.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":105135,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/casa-sophia-relaunched-for-en-bloc-sale-at-lower-price\/","url_meta":{"origin":109075,"position":5},"title":"Casa Sophia relaunched for en bloc sale at lower price","date":"March 19, 2019","format":false,"excerpt":"\r Most of the owners agreed to a lower asking price of $30 million or $1,158 psf ppr, revealed marketing agent ERA. The 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109075"}],"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=109075"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109075\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}