ORCHARD SOPHIA

REGISTER INTEREST

Orchard Sophia

(Former Fairhaven and Sophia Ville)

FREEHOLD

SOLD ENBLOC DEC 2020

CALL 6100 8108REGISTER INTEREST
DISTRICT
D9 - SOPHIA ROAD
UNITS
Est 90 Units
PROPERTY TYPE
CONDO
TENURE
FREEHOLD

Register Interest for Orchard Sophia Today!

Orchard Sophia is the project name for the former Fairhaven and Sophia Ville, which were sold enbloc to a developer for S$62 million in Dec 2020, translating to an approximate land cost of $1,239 psf ppr.

The collective sales process began as early as 2015, when Fairhaven was seeking offers of more than S$45 million. Later on in July 2020, Fairhaven banded together with Sophia Ville to offer a larger residential development for Developers.

The Freehold site can yield a potential of 90 units.

400 metres away from Dhoby Ghaut Interchange station
St Margaret's Primary and Anglo-Chinese School (Junior) within 1km
Within the vicinity of SMU, Lasalle College of the Arts, NAFA, SOTA
Est Launch : 2023

Register Your Interest Today!

Registration: General Form

By submitting this form, you agree to be contacted by our appointed sales team and associates.

Orchard Sophia (Former Fairhaven and Sophia Ville) Land Sale Information

Orchard Sophia (Former Fairhaven and Sophia Ville) in Pictures

Fairhaven and Sophia Ville Street View

Fairhaven Project Information

Sophia Ville Project Information

PRESS COVERAGE

Adjoining condos at Sophia Road to be up for collective sale with S$64m indicative price

30 July 2020

ADJOINING condominiums Fairhaven and Sophia Ville at Sophia Road will be launched for collective sale by tender on Aug 3 with a combined indicative price of S$64 million.

The majority owners of both developments agreed to band together so that the sites may be offered to a developer who can redevelop them into a larger residential project, sole marketing agent JLL said on Thursday.

Over 80 per cent of the owners for each development have consented to the sale.

Fairhaven at 130 Sophia Road has a site area of 16,660 square feet (sq ft), while Sophia Ville at 128 Sophia Ville has a site area of 7,168 sq ft.

Both sites are zoned "residential" with a gross plot ratio of 2.1 under the Urban Redevelopment Authority's 2019 Master Plan. Together, they have a potential gross floor area (GFA) of 53,541 sq ft, inclusive of a potential 7 per cent bonus GFA for balconies.

Excluding the potential bonus GFA for balconies, the land rate for the properties will be about S$1,279 per square foot per plot ratio (psf ppr). After factoring in potential bonus GFA for balconies, the land rate will be about S$1,195 psf ppr. There is also no development charge payable due to a high development baseline, JLL said.

Reference

PRESS COVERAGE

Lafe Corp calls off Fairhaven deal, forfeiting deposit in aborted collective sale

9 Oct 2018

DEVELOPER Lafe Corp has backed out of efforts to buy the Fairhaven condominium, on factors such as property cooling measures and expectations of interest rate hikes.

The group expects to post a loss of some S$8.5 million from the abortion of the deal, including the stamp duties that were already paid, for the three months to Dec 31, said the board on Tuesday.

Lafe Corp, which picked up the 15-unit freehold project in Sophia Road in a S$57 million collective sale in March, is forfeiting its deposit. The sellers have already been informed of the company's decision.

In deciding not to go ahead with the purchase, the board weighed factors such as how any potential interest rate increases would bump up acquisition-related borrowing costs, it said. The directors also considered the impact of ongoing uncertainty in the global economy, amid trade tensions between the United States and China, as well as the overnight cooling measures introduced in Singapore in July.

Reference

PRESS COVERAGE

Fairhaven at Sophia Road sold for S$57m to Lafe Corp

28 March 2018

PROPERTY developer Lafe Corporation has snagged the Fairhaven development on Sophia Road for S$57 million.

The sale was made to Gioia Fund, a wholly-owned subsidiary of the mainboard-listed investment holding company.

The acquisition was made after a "competitive tender process", said Lafe Corp, taking into account current market prices of surrounding properties in the area and the site's redevelopment potential.

Located in the exclusive District 9, the property is a 15-unit, freehold development with a total site area of around 16,660 square feet (sq ft). The site is zoned residential with a plot ratio of 2.1.

The site has a high baseline and the permissible total gross floor area for construction is some 38,385 sq ft for residential use.

It is accessible via the Central Expressway and is walking distance from Dhoby Ghaut interchange, as well as Orchard Road and numerous educational institutions.

Lafe said the acquisition will not contribute to any profit or loss, and will be funded by a combination of internal resources, bank borrowings or equity fund raising in capital markets.

Reference

PRESS COVERAGE

Sophia Road residential property up for sale

2 June 2015

A 15-UNIT freehold residential development at Sophia Road has been put up for public tender.

Over 80 per cent of Fairhaven's owners have agreed to the sale, and are seeking offers of more than S$45 million, or S$1,169 per sq ft on the potential gross floor area. This is based on calculations that included a bonus balcony, which the developer can build without paying for additional development charges as the property has a high baseline.

The development has about 16,660 sq ft in land area, and is zoned for residential use with a gross plot ratio of 2.1 in the 2014 Master Plan.

Located in the Central area, the site is not bound by URA's average size requirement of 70 sq m.

"Potential buyers can consider building small apartments of between 40 to 50 sq m or so, to capitalise on its location and the curtailed supply of one-bedroom or small two-bedroom units," said Yong Choon Fah, JLL's national director of capital markets.

The tender closes at 3pm on July 1.

Reference

Property Review SG homeapartmentlicensemap