SingHaiyi-led group to launch Jurong East condo Sora at S$2,180 psf average
The condominium project occupies a site area of 17,834.8 square metres, with a gross plot ratio of 2.1
A SINGHAIYI-LED joint venture will start previews for its new Jurong project, Sora, on Jun 22, with prices pitched at S$2,180 per square foot (psf) on average.
Prices for the 440 units in the 99-year leasehold project will start at S$1,850 psf, developers SingHaiyi and TK 189 Development said on Tuesday (Jun 18).
The condominium project occupies a site area of 17,834.8 square metres, with a gross plot ratio of 2.1. It was secured with a S$260 million bid at a collective sale tender in July 2022, at a land rate of S$1,023 psf per plot ratio.
Sora is located along Yuan Ching Road, just beside Jurong Lake Gardens and near the upcoming Jurong Lake District, which is slated to be Singapore’s second central business district.
One-bedders, including a study, are between 538 and 689 square feet (sq ft), with prices starting from less than S$1 million. Two-bedroom units start at 646 sq ft and are priced from S$1.3 million, three-bedroom units from 936 sq ft and S$2 million, and four-bedroom units from 1,528 sq ft and S$3.05 million. Five-bedroom units are sized from 1,679 sq ft.
The majority of units at 80 per cent, or 368 units, are two- and three-bedders. The larger four- and five-bedroom units will feature a private lift.
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In July 2023, Wing Tai’s The LakeGarden Residences, also located along Yuan Ching Road, launched with prices starting at just under S$2,000 psf.
Caveats data showed that nearly 40 per cent, or 119 units, of its 306 units have been sold since then at a median price of S$1.54 million and a median unit price of S$2,124 psf.
CapitaLand Development launched its J’den mixed-use development, located in the Jurong East vicinity, in October last year. Prices started at S$2,100 psf.
Since then, more than 90 per cent, or 332 units, of its 368 units have been sold at a median price of over S$2 million and median unit price of S$2,480 psf.
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