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PROJECT DETAILS

 
 

Selegie Centre and Peace Centre (Peace Mansions) along Selegie Road, Central Region of Singapore, have both been sold through a collective sales, for S$120 million and $650 million respectively. Located at the junction of Mackenzie and Selegie roads, bordering the Central usiness District (CBD).

 

New and Upcoming Condo in Sophia Road is approximately 400 m away from Dhoby Ghaut Interchange. Its future residents can expect ease of commuting as the Dhoby Ghaut Train Station operates the North South Line, the North East Line and also the Circle Line. New Condo in Selegie Road is only 2 train stations away from Raffles Place. The Bencoolen Dowtown Line Station, which is approximately 300 m away, will starts its operation in 2017. Residents will be able to enjoy 4 of the 6 major MRT Train Services with just walking distances away. For its future residents who drives, New Condo at Sophia Road is just 5 minutes away from the CBD. It is also easily connected to the Central Expressway (CTE), the East Coast Parkway (ECP) and the Nicoll Highway which makes driving a breeze to various parts of the island.

 

Sophia Road New Condo is only minutes’ walk to Plaza Singapura which hosts a variety of retail and F&B outlets. For more shopping and dining experiences, future residents of New and Upcoming Condo at Sophia Road can also head down to the nearby to Orchard Road and also Bugis Junction. Get indulge in local delights when living at Sophia Road as there are 10 major Food Centres that are just within 2 km away such as Tekka Market, Albert Centre Market & Food Centre, Berseh Food Centre and also Newton Food Centre.

 

New Condo at Sophia Road is also close to reputable schools such as St Margaret’s Primarty School, Anglo-Chinese Junior School and River Valley Primary School. It is also close to various tertiary institutions such as the Nanyang Academy Of Fine Arts, the Singapore Management University and The University of Chicago Booth School of Business. International educational establishments that are near to New Condo at Sophia Road include Insworld Institute, Chatsworth International School Orchard Campus, Swedish Supplementary School, Finnish Supplementary School, Overseas Family School, Italian Supplementary School and ISS International School.

 

In terms of recreations, New Condo at Sophia Road is close to various parks and recreation clubs. Its future residents can participate in many of the recreation activities or events offer at the Singapore Recreation Club, Singapore Cricket Club, Home TeamNS @ UE Square Club House, Civil Service Club – Tessensohn, The American Club or Tanglin Club. The nearby parks such as Istana Park, Fort Canning Park, War Memorial Park and Esplanade Park also offer future residents in Sophia Road a getaway from the hustle and bustle of the city by providing a peaceful ambiance and also lots of greenery to relax their minds.

 
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Project  Sophia Road Condo
Developer
Location  Sophia Road
District  08
Tenure
Site Area
GFA:
Plot Ratio
Expected TOP:
Total Units
Total Carpark
Development  Condo comprising of 
Unit Type:
Architect
Eligibility SC/ SC, SC/SPR and Foreigner

LOCATION and AMENITIES

Amenities Near New Condo at Sophia Road

Category Important Amenities Near New Condo at Sophia 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

Sophia Road Condo

New and Upcoming Condo in Sophia Road

RESIDENTIAL FLOOR PLANS

LOCATED IN HEART OF KEY GROWTH DISTRICT

Sophia 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 Sophia 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. 

WON COLLECTIVE SALES at PEACE CENTRE MANSIONS

PROPERTY player Chip Eng Seng Chip Eng Seng: C29 +2.41%, a SingHaiyi SingHaiyi: 5H0 0% joint venture and Ultra Infinity have made a joint S$650 million bid for the combined development of Peace Centre and Peace Mansion, by way of a private treaty, making it the largest collective sale this year. 

The en bloc acquisition of Peace Centre is subject to the joint offerors obtaining a sale order approving the collective sale; approval from the lessor of the property; as well as meeting planning criteria.

The joint offerors will also need approval from the Singapore Land Authority (SLA) for a fresh 99 years lease top up.

As of Friday, the joint offerors have paid an offer fee of S$1 million in connection with the acquisition.

The property is a mixed development comprising 319 strata units, and has a 99-year tenure starting from Jun 2, 1970. It has a land area of 7,118 square metres and is currently zoned for commercial use.

JLL executive director Tan Hong Boon said with a sale price of S$650 million, the unit land rate for the deal is S$1,426 per square foot per plot ratio (psf ppr), after including an estimated lease top-up premium. 

After factoring in an additional 7 per cent bonus gross floor area (GFA) for the residential component, the land rate is S$1,388 psf ppr. 

JLL is the sole marketing agent for Peace Centre. Previously, Peace Centre owners engaged Savills Singapore and Colliers in separate en bloc exercises to market the property. 

The owners were not able to get the 80 per cent approval needed for the potential collective sale in 2007, where they were looking at an indicative price of S$470 million. 

The approval required was later achieved in February 2011 but with a higher asking price of S$700 million, according to Savills at the time. 

The owners tried selling the property in July 2011 at S$675 million, and again in December 2014 at S$680 million. They were eyeing a reserve price of S$650 million in 2018 and later launched a S$688 million tender for the property in February 2019. 

The owners received in-principle approval from the SLA for a lease top-up to 99 years in April 2019.

In a bourse filing, Chip Eng Seng said the en bloc sale of Peace Centre presents a strategic opportunity for the company to acquire a prominent District 9 site for redevelopment.

SingHaiyi group said separately in a bourse filing that partnering with the joint offerors will allow the company to better manage its financial and execution risks.

Both SLB Development and KSH, in their announcements, said that the joint offerors collectively have a good mix of experience in property development and/or construction works in Singapore, and will be able to tap one another’s expertise and experience. 

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