Sophia View En Bloc SOLD - Lucky Star of 2019

Sophia View En Bloc SOLD – Lucky Star of 2019

Sometimes Luck is Needed for En Bloc Success, Sometimes it Just takes a Buyer to Fall in Love in Your Property

The Lucky Star of 2019, the First Residential En Bloc SOLD this Year

Out of the Blue, Sophia View in District 9 Sold en bloc and is the first collective residential site that manage to find a Buyer in 2019, despite the new cooling measures introduced in July last year.

This was announced by Singapore Realtors Inc (SRI), the marketing agent of the sale.

Though the buyer name is not reveal, the sale price believe to be around S$9.28 million and each happy owner will stand to receive around S$2 million.

Sophia View is freehold development located at 108 Sophia Road in Prime district 9 and comprises of 5 units. Under URA Masterplan 2014, the site is zone for residential and has a plot ratio of 2.1.

The attractive freehold property is close to Dhoby Ghaut MRT station which offer 3 different lines and is just 400 meters away.

Other amenities found around the condo are Plaza Singapura, Peace Centre, The Cathay, POMO as well as nearby schools namely Stamford Primary, Anglo-Chinese School (Junior) And St. Margaret’s Primary.

Sophia View Condo Nearby Amenities
The Prime Area Is Full of Lifestyle Amenities, Easily Attract Anyone to Fall in Love In this Location.

Sophia View Joined the Ranks of
(District 9 – Successful Collective Sales Club)

District 9

  1. Mount Emily Road En Bloc Sold 2021 (Latest)
  2. Fairhaven En Bloc Sold 2020 
  3. Sophia Ville En Bloc Sold 2020 
  4. Casa Sophia En Bloc Sold 2019 
  5. Sophia View En Bloc Sold 2019 
  6. Park House En Bloc SOLD 2018 (Highest Record Psf)
  7. Pacific Mansion En Bloc SOLD 2018 (Blockbuster Sale)
  8. 336 RV En Bloc SOLD 2018
  9. Cairnhill Heights En Bloc SOLD 2018 
  10. Makeway View En Bloc SOLD 2018 
  11. Cairnhill Mansions En Bloc SOLD 2018
  12. Riviera Point En Bloc SOLD 2018
  13. Tai Wah Building En Bloc SOLD 2017

Redevelopment Plan for 108 Sophia Road

Bruce Lye of SRI, co-founder and managing partner said that when comes to redevelopment plan for 108 Sophia Road, the buyer has few options in mind.

He can submit for potential change of use or re-develop the land.

As the Site is in Prime area and within one of the most sought-after residential district, there are always a demand for new apartments that is launch here.

Over 40 En Bloc Sites Launched in 2019 – No Luck

There are over 40 En Bloc Sites Launched and Relaunched in this year 2019 so far and none of them has managed to find a buyer, even in 10-week private treaty sale period.

To silent the en bloc market further, Urban Redevelopment Authority (URA) has launched several sites for tender under Government Land Sales (GLS) programme.

With Developers preference GLS over en bloc sale, it will be extremely difficult for any collective site to land a buyer.

Thus, the owners of Sophia View can consider themselves very lucky that a buyer fall in love at their property or the location of the site is just too good.

Another reasons which many property watchers believe is the price tag that matter the most, the sale of Sophia View should be less than S$20 million.

If Price is low, so is the Risk.

Sophia View En Bloc Details

Tenure: Freehold

Total Units: 5

Plot Ratio: 2.1

Nearby MRT: Dhoby Ghaut (3 Lines)

Address: 108 Sophia Road

District: 9

Marketing Agent: Singapore Realtors Inc (SRI)

Status: SOLD
Date of Sale: June 2019
Sale Price: S$9.28 million
Buyer: Unknown
New Development: TBA
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