Mt Sophia land plot was released by the Urban Redevelopment Authority (URA) in the third quarter of 2013 for sale. It attracted strong bids from 9 bidders due to its prime location in district 9 and its proximity to many amenities and the Dhoby Ghaut MRT Interchange. The bid was eventually won by Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and S C Wong Holdings Pte Ltd. The cost of this Mt Sophia site is $1,156.53 per square foot per plot ratio total ing $442.3 million. This worked out to a breakeven cost of about $1630 to $1800 psf. Selling price could be starting from $1900 psf.
With so many different and exciting new condo launches in the Singapore property market, it will not be easy for you to decide which new launch condo is suitable for your purchase. Allow us to help you assess your finances, plan your priorities and determine your best options. Thereafter, we will go and view the list of developments that you have shortlisted.
Make an appointment with us today by filling in the form and we will contact you very soon.