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.
On this huge land plot will sit the upcoming new launch condo called Sophia Hills.
You may also wish to explore another lovely project, Liv On Wilkie, which is situated in the vicinity at Wilkie Terrace.