PROJECT DETAILS
Peace Centre/ Peace Mansion, 40-year old landmark redevelopment site sits on 7,118 sqm (approximately 76,618 sq.ft.) of prime commercial land located at No. 1 Sophia Road. The Subject Property comprises a part 7 and part 32 storey commercial and residential tower respectively.
Subject to relevant approval, the subject property can potentially be redeveloped into a sizeable commercial development of up to its current Gross Floor Area of 58,329.371 sqm. (approximately 627,852 sq.ft.) exceeding the permissible plot ratio of 4.2 as indicated in the Master Plan 2008.
Prominently located at the junction of Selegie Road and Sophia Road, 1 Sophia Road enjoys double frontages of approximately 175m. Upon redevelopment, the new development will be the largest amongst those located along the streetscape comprising namely, PoMo (GFA - 235,000 sq.ft.), Parklane Shopping Centre, Wilkie Edge.
With the upcoming Downtown Line 3 (scheduled to complete in 2017), 1 Sophia Road will be within 200m to the Bencoolen MRT Station. 4 other MRT Stations - Dhoby Ghaut Interchange, Little India Interchange and Bugis MRT Station and the upcoming Rochor MRT Station, serving 4 MRT networks, namely North-South Line, North-East Line, Circle Line and the Downtown Line, and they are all located within 600 metre radius from the subject property.
Situated immediately next to the Civic District, 1 Sophia Road is within minutes walk from various leading educational institutions ie. SOTA (School of the Arts) Singapore Management University, LASALLE College of the Arts and the Nanyang Academy of Fine Arts etc. The National Museum and the Museum of Arts are also within minutes walk from the Subject Property.
In addition, 1 Sophia Road has a captive market of residents from new prime residential projects located such as Parc Emily, 8 @ Mt Sophia, Sophia Residences and Suites @ Orchard.
“1 Sophia Road is unique as it is conveniently located with easy access to key districts such as the Central Business District, Marina Downtown and Orchard Road shopping belt. Given its prominent location, the site offers an attractive opportunity to transform it into a bustling mixed used development comprising retail, entertainment, office, medical suites, SOHO or even service apartments (subject to approval) that can complement and synergise with the institutional, arts and entertainment, museums, residential uses in the vicinity,” said Suzie Mok, Director of Investment Sales at Savills Singapore who is handling the sale.
She adds, “The outlook and demand for commercial space in the city centre remains strong and the developer may also leverage on the strong rebound in the office segment to develop a quality commercial block to cater to businesses that do not require to have a presence in the CBD”.
Based on a new full commercial scheme, the collective sale of 1 Sophia Road has an indicative guide price of S$675 million or S$1,306 psf ppr, including an estimated upgrading premium of S$145 million to top up the existing lease to a 99 year tenure (subject to approval from relevant authority).
1 Sophia Road is being marketed both locally and regionally.
Register HERE with Us
for Preview and
First Hand Information
for Preview and
First Hand Information
| Project | Selegie Road Condo |
| Developer | |
| Location | Selegie Road |
| District | 08 |
| Tenure | |
| Site Area | |
| GFA: | |
| Plot Ratio | |
| Expected TOP: | |
| Total Units | |
| Total Carpark | |
| Development | Condo comprising of |
| Unit Type: | |
| Architect | |
| Eligibility | SC, SPR and Foreignercan buy |
LOCATION and AMENITIES
Amenities Near New Condo at Selegie Road
| Category | Important Amenities Near New Condo at Selegie Road | Approximate Distance |
| Train Stations | Dhoby Ghaut (NS24/NE6/CC1) | 0.4km |
| Bus Stop | Peace Ctr (Bus: 1N, 2N, 3N, 4N, 5N, 6N, NR6, 131, 139, 147, 166, 857, 64, 65) NTUC Income Prinsep Hse (Bus: 64, 65, 1N, 2N, 3N, 4N, 5N, 6N, NR6, 131, 139, 147, 166, 857) |
0.2km 0.2km |
| Supermarkets | Cold Storage Sheng Siong Hypermarket Ntuc Fairprice Giant |
0.2km 0.6km 0.8km 1.3km |
| Shopping Malls | PoMo Parklane Shopping Centre The Cathay Plaza Singapura Park Mall Sim Lim Square Albert Complex Bugis+ Bugis Junction Orchard Plaza Orchard Point |
0.2km 0.2km 0.2km 0.4km 0.5km 0.6km 0.6km 0.7km 0.8km 0.8km 0.9km |
| Education Institutions | Preschool | |
| PCF Kampong Glam Blk 2 Kampong Kapor Methodist Church Kindergarten Foochow Methodist Church Kindergarten Christ Church Kindergarten PCF Moulmein Blk 10 PCF Kampong Glam Blk 462-3 Rosemary Hall Montessori Kindergarten PCF Jalan Besar Blk 806 Thomson Road Baptist Kindergarten Newton Kindergarten |
0.8km 0.9km 1.0km 1.2km 1.5km 1.5km 1.5km 1.6km 1.6km 1.7km |
|
| Primary | ||
| St Margaret Stamford Anglo-Chinese Junior Farrer Park River Valley |
0.4km 1.1km 1.2km 1.3km 1.6km |
|
| Secondary | ||
| Raffles Girls’ Secondary School | 2.4km | |
| Junior College | ||
| Catholic Junior College | 3.0km | |
| Tertiary | ||
| School of The Arts (SOTA) Nanyang Academy Of Fine Arts (NAFA) Singapore Management University (SMU) The University of Chicago Booth School of Business |
0.2km 0.4km 0.6km 0.6km |
|
| International | ||
| Insworld Institute Chatsworth International School Orchard Campus Swedish Supplementary School Finnish Supplementary School Overseas Family School Italian Supplementary School ISS International School |
0.6km 1.0km 1.2km 1.7km 1.8km 1.8km 2.0km |
|
| Food Centre | Tekka Market Albert Centre Market & Food Centre Berseh Food Centre Newton Food Centre Pek Kio Market And Food Court Centre Hong Lim Market & Food Centre Golden Mile Food Centre North Bridge Road Market & Food Centre People’s Park Complex Food Center |
0.6km 0.7km 1.2km 1.6km 1.7km 1.8km 1.8km 1.9km 1.9km |
| Lifestyle | Mt Emily Park Istana Park PA Staff Club Legends Fort Canning Park Stardus Clubhouse Home TeamNS – UE Square Club House War Memorial Park Singapore Recreation Club Esplanade Park Kampong Glam Constituency Sports Club Singapore Cricket Club People’s Association HQ Hong Lim Park – Speaker’s Corner Jalan Besar Stadium Civil Service Club – Tessensohn The American Club Tanglin Club Raffles Place Park Singapore Khalsa Association |
0.4km 0.5km 0.6km 0.6km 0.7km 1.0km 1.2km 1.2km 1.2km 1.4km 1.4km 1.5km 1.5km 1.7km 1.7km 1.9km 1.9km 2.0km 2.0km 2.0km |
FACILITIES and SITE PLAN
Selegie Road Condo
New and Upcoming Condo in Selegie Road
RESIDENTIAL FLOOR PLANS
LOCATED IN HEART OF KEY GROWTH DISTRICT
Selegie Road taps into City Central Region, Singapore URA Master Plan 2014
Singapore Urban Redevelopment Authority URA Master Plan 2014 envisions some exciting developments for the whole of Singapore's central area including Tanjong Pagar, The Greater Southern Waterfront District, City Hall, Marina Bay, Suntec and Bugis-Rochor area. The new prime City Central area will be a place for the people to engage community and arts, showcase Singapore's creative and artistic expression and links to Singapore's past and future aspirations. There will be more pedestrian- friendly precincts, public spaces and parks, night lightings and trees.
City Centre at Marina Bay is a unique and dynamic waterfront district, Garden City by the Bay, extending seamlessly from the CBD and it is zoned to be
- the next CBD, focusing on financial and business related activities
- More Commercial, residential buildings, hotel and entertainment spots are to be built.
- It will be a lifesytle destination for variety of water-based activities and events.
- Exensive road and rail network in the pipeline and
- Padestrain bridges that loops attractions and open spaces around the Bay.
Marina South will have
- a new population catchment as it will have a residential district of 9,000 new homes, with mix-development plan of hotels, offices and entertainment
- elevated landscape walkway that links the Bay South Garden to Marina South seafront
- 800 metres padestrain walkway beween the upcoming Marina South and Gardens by the Bay MRT Station
- underground carpark that allows motorists to drive between buildings that reduce ground level traffic
- feaures that can collect rain water and harness wind energy
- continuous waterfront promenade will be creaed from Marina South to Labrador for joggers and cyclists.
Beach Road/ Ophir- Rochor will have abundant conveniences being in the heart of City.
- It will be further of the CBD with extension of convention, offices and hotel hub of Marina Centre
- There will be more developments of office cluster for financial business institutions.
- It will be turned into an exciting Commercial hub, blending with entertainment, cultural and lifestyle.
- It will be turned into a strategic transport hub, the area will be well connected by rail and road network to many parts of Singapore.
Capitalising on Bugis and Bras Basah rich architectural and cultural heritage, URA is embarking on urban renewal efforts to transform it dramatically into Singapore's art, culture. learning and entertainment district.
From the cultural enclave of Kampong Glam to National Arts Gallery in the Civic and Cultural District to high skyscappers in Marina Bay, this growth area in Sturdee Road Condo promises residents a 24/7 city lifestyle. New major landmark developments will transform the city skyline, offering prestigious address locations and spectacular views out across the city. Strategic developments with conservation buildings will continue to inject vibracy, turning it into a lively art and education place, as an emerging commercial hub that will complement Singapore financial district.
PEACE CENTRE and PEACE MANSIONS GO ENBLOC OF SUCCESSFUL $650 MILLION
SINGAPORE: Shopping mall Peace Centre and adjoining apartment complex Peace Mansion have been sold after a fifth attempt at a collective sale, said sole marketing agent JLL on Friday (Dec 3).
The mixed development property on Sophia Road was sold for S$650 million to a joint venture comprising CEL Development, Sing-Haiyi Crystal and Ultra Infinity. S$650 million was the reserve price set for the collective sale.
More than 80 per cent of owners agreed to the sale of the property, which was built around 1977. It consists of 232 commercial units, 86 apartments and a 162-lot car park. This works out to a total of 319 strata units in a 10-storey front podium block and a rear 32-storey tower.
The 76,617 sq ft site is zoned for commercial use under the Urban Redevelopment Authority’s (URA) 2019 Master Plan, and has a verified gross plot ratio of 7.89.
In-principle approval to renew the site’s lease for a fresh 99-year term was obtained from the Singapore Land Authority in March 2019. It may be redeveloped up to a height of 55m Singapore height datum, with part of the site potentially up to 67m.
“Based on a grant of outline planning permission from the URA in 2019, a developer may redevelop the site up to the existing gross floor area of approximately 604,578 sq ft for a mixed commercial and residential project with 60 per cent commercial gross floor area and 40 per cent residential gross floor area,” JLL said in a news release.
At the sale price of S$650 million, based on a new development comprising 60 per cent commercial and 40 per cent residential quantum, the … unit land rate after including an estimated lease top-up premium is approximately S$1,426 per sq ft per plot ratio, or S$1,388 per sq ft per plot ratio after factoring in an additional 7 per cent bonus gross floor area for the residential component.
CONTACT US
You are only one-step away from owning a unit New Condo in Selegie Road.
Thank you for Your interest in New Condo in Selegie Road.
Be among the first to view and book New Condo in Selegie Road, a new life-style in City Centre, at the lowest pre-launch price
Enjoy attractive prices before the official public launch. Be the first to secure your choice unit
- Latest updates on the development
- Priority unit choice and selection
- Enjoy early-bird VVIP Discounts
- Direct Developer price
- No Commission payable
Register for a copy of New Condo in Selegie Road, Floor plans, E-Brochure, Pricing and Latest Updates!
