Sophia Mansions located at Mount Sophia in district 9 was put up for enbloc sales by tender.
This is a freehold residential site with land area of 17,545 sq ft and and potential GFA of about 36,840 square feet with a gross plot ratio of 2.1. It may be redeveloped into a 35-units residential development of about 1,000 square feet each up to 6 storey high and a basement carpark.
This land parcel is near to Dhoby Ghaut MRT station and shopping centres which may lead to good interest from developers.
The sellers are expecting offers from $42.5 million to $45 million which is about $1,160 to S$1,228 psf ppr inclusive of development charge.
The marketing agent mentioned that the future development will attract the working class, small families and investors, as it is near to St Margaret's Primary School, MRT station and Orchard Road.
A nearby project, Parc Sophia was fully sold while Sophia Residence was 99% sold.
The sales tender will be closed at the end of Jun 2012.
5 June 2012