Gallant Tang, of SingHaiYi, notes, “We believe our prices are competitive compared to nearby projects.” Tang, the son of SingHaiYi’s controlling stakeholders, emphasizes the project’s strategic pricing.
Read Also: SingHaiyi Selects Nakano Singapore
Sora, featuring a 300 meters frontage of Jurong Lake Gardens, consists of 440 units. It has 4 blocks of 12 and 20 levels. It follows two other 99 years leasehold projects in the Jurong Lake District. The LakeGarden Residences is by Wing Tai Holdings. Whereas J’Den is by CapitaLand Development. The LakeGarden Residences is currently 39% sold at SGD2,134psf. And J’den has sold more than 90% of their units at SGD2,459psf.
Raymond Chia of SingHaiYi, comments, “Recent launches give us a good sense of market prices.” PropNex CEO Ismail Gafoor adds, “Sora will be the biggest development of the 3 Jurong Lake District projects.”
Sora’s Model
More on SingHaiYi Unveils Sora in Jurong East Starting at SGD1,850psf
Sora, redeveloped from the previous Park View Mansion, occupies a 99-year leasehold site of 191,974sqft. SingHaiyi and its partners, KSH Holdings and Ho Lee Group, bought the site for SGD260 million in 2022. SingHaiyi holds 70% in the joint venture, with KSH Holdings and Ho Lee Group holding the balance 30%.
Eugene Lim of ERA Realty highlights the Park View Mansion is at SGD1,023psf ppr (per plot ratio). Which is about 18.2% lower than that of The LakeGarden Residences. This offers SingHaiyi flexibility in pricing. Despite this, Chia anticipates that the selling price of SGD2,180psf averagely for Sora.
Sora’s prime location offers a unique 300 meters frontage at Jurong Lake Gardens, providing park views for most of the units, about 80%. Tang Kok Thye of ADDP Architects, the project’s architect, notes, “Not many condominiums in Singapore has a park frontage.”
Jurong Lake Gardens, at 90ha, is Singapore’s second-largest national garden. Mark Yip, of Huttons Asia, points out the limited supply of homes adjacent to the gardens, making Sora a rare opportunity.
Features of Sora condo (SingHaiYi Unveils Sora)
SingHaiYi Unveils Sora – It has 4 residential towers comes with a sky garden, offering 77,500sqft of sky gardens. The site utilizes only 30% of its footprint for buildings, dedicating 70% to landscaping and more than 60 facilities for residents.
The development has a main entrance on Yuan Ching Road and 4 side gates, two of which have direct access to Jurong Lake Gardens. The gardens consist of Lakeside Garden, Chinese as well as Japanese Gardens, also the Garden Promenade. Both the Japanese and Chinese Gardens are set to open at the later part this year, with the new Science Centre opening in year 2027.
Sora expects to receive its T.O.P. in year 2028. t will have a direct access link to the Japanese Garden and a path for cyclists to the Jurong East MRT Interchange. Lakeside MRT Station as well as Chinese Gardens MRT Station are accessible via a bicycle ride through the beautiful gardens.
Sora offers various unit mixes, from 538sqft 1 + Study units to 1,938sqft 5 bedroom units. The majority are 2 and 3 bedroom units. The smaller units are expected to be popular, with PropNex’s Gafoor noting that buyers who missed out on units at J’den as well as The LakeGarden Residences may find suitable options at Sora.
SingHaiYi’s Chia is optimistic about Jurong Lake District’s future, citing the launch of a 6.5 ha master developer white site, in Jurong East. And other significant developments in the area.
Upcoming SingHaiYi developments
SingHaiYi has a few more developments in the pipeline, including The Collective at One Sophia, The Skywaters, and the 186-unit Aurea at Golden Mile Complex. Upcoming OCR projects include Kassia in Flora Drive, The Chuan Park in Lorong Chuan, and Norwood Grand in Champions Way, Woodlands.
New OCR property launches are expected to boost home sales, appealing to a broad range of buyers due to their affordability compared to RCR and CCR. Despite economic uncertainty, SingHaiyi’s Chia remains confident, stating, “People are willing to commit to a purchase when they see an opportunity.”
Read also: More launches such as Meyer Blue, Emerald of Katong; both in District 15. And Bagnall Haus in District 16 as well as well as Arina East Residences in District 15 as well.
