SingHaiyi to Launch Jurong East Condo Sora at Average Price of S$2,180 psf
A joint venture led by SingHaiyi is set to preview its new condo project, Sora, in Jurong East on June 22. The average price for units in this development will be S$2,180 per square foot (psf).
The developers, SingHaiyi and TK 189 Development, announced on June 18 that price for the 440-unit, 99-year leasehold project will start at S$1,850 psf.
Sora occupies a site area of 17,834.8 square meters with a gross plot ratio of 2.1. The land was acquired in a collective sale tender in July 2022 for S$260 million, which translates to a land rate of S$1,023 psf per plot ratio.
Located along Yuan Ching Road, Sora is adjacent to Jurong Lake Gardens and near the upcoming Jurong Lake District, which is planned to be Singapore’s second central business district.
The unit types and starting prices are as follows:
- One-bedroom plus study: 538 to 689 square feet, starting at less than S$1 million.
- Two-bedroom: from 646 square feet, starting at S$1.3 million.
- Three-bedroom: from 936 square feet, starting at S$2 million.
- Four-bedroom: from 1,528 square feet, starting at S$3.05 million.
- Five-bedroom: from 1,679 square feet.
A significant majority, 80%, of the units at Sora are two- and three-bedroom apartments. The larger four- and five-bedroom units will come with private lifts.
For comparison, Wing Tai’s The LakeGarden Residences, also located along Yuan Ching Road, launched in July 2023 with prices starting just under S$2,000 psf. According to caveats data, 40% (119 units) of its 306 units have been sold at a median price of S$1.54 million and a median unit price of S$2,124 psf.
CapitaLand Development’s J’den mixed-use development in Jurong East, launched in October last year with prices starting at S$2,100 psf. Over 90% (332 units) of its 368 units have been sold since then, at a median price of over S$2 million and a median unit price of S$2,480 psf.
