Sophia Regency News - Former Casa Sophia owns all 12 units sold as a package for S$29 million

Sophia Regency 誉璟府, formerly known as Casa Sophia, is a fully owned condominium located at 105 Sophia Street, District 09. Developed by East Asia Sophia Development, 5-storey residential area, 38 low-rise apartments This floor is located in a luxury residential area, in the Core-Central Zone of Singapore.

Pricing is approximately S$1,200 per square foot per lot including an estimated development fee of S$2.2 million. ALL 12 apartments of Casa Sophia, a free-standing development along Sophia Road, are on sale for a total of S$29 million.

BT understands that this comes to about S$1,200 per square foot per lot, including an estimated development fee of S$2.2 million.

Sophia Regency 誉璟府 is being purchased by a Singapore-based company, co-owned by Chinese citizen Zhang Zhiming and Singaporean Huang Yanhong. Buyers are expected to re-develop the property. Located in District 9, Casa Sophia covers 12,328 square feet of land and was completed in the early 1990s.

According to the 2019 Urban Redevelopment Authority Master Plan, the area is planned for residential use with a parcel ratio of 2.1 (maximum total floor area to area ratio). soil). The lot can be redeveloped into a new project with about 36 apartments with an average area of 700 square feet.

The agreement is understood to have been sealed through a private pact. The collective sale was initially launched through a tender in July 2018, a few days after the latest round of asset cooling measures were introduced; The starting price then was S$36 million.

The bidding ended in August 2018 but did not result in the property being sold. In March 2019, the collective sale was restarted under a private pact with a lower starting price of S$30 million. Discussion in the market was that an agreement was finally signed at S$29 million in the fourth quarter of last year.

Sophia Regency 誉璟府 is close to Dhoby Ghaut MTR Station, School of Arts, Singapore Management University and the Administration District.