JLL sells two District 9 residential sites worth $62 mil
SINGAPORE – 2 adjoining cumulative sale sites in Area 9, namely, Fairhaven and also Sophia Ville, have been cost $62 million or a system land price of $1,239 psf/plot ratio by JLL to a local programmer. Completing 23,828 sq ft, the sites are zoned under the 2019 Master Plan for domestic use with a gross plot proportion of 2.1.
The property domestic sites were put up for tender jointly in late August. Greater than 80% of the proprietors have consented to the sale, subjected to several conditions. Yong Choon Fah, elderly director at JLL Singapore Funding Markets, says, “By performing a joint tender exercise, we bring better value to proprietors of both sites by offering the buyer economic situations of range and also a higher effectiveness from the bigger website.”
Situated on Sophia Roadway, the websites are within 10 mins by car to Orchard Roadway MRT terminal. Dhoby Ghaut MRT Interchange Terminal is within a few minutes’ stroll using a faster way.
Additionally, the location is near to the upcoming St Margaret’s Primary School, Anglo-Chinese Institution (Junior) as well as College of The Arts (SOTA). There are also tertiary education institutions nearby such as LaSalle University of The Arts, Nanyang Academy of Fine Arts, and also Singapore Monitoring University.
The site may be redeveloped right into a prime household apartment growth with a complete gross flooring location of over 50,000 sq ft.
Due to the COVID 19, Pullman Residences Showflat is open for Online Bookings. You can now register online to receive direct developer discount offers and prices.