The Collective at One Sophia Achieves High Sales Interest

Strong Initial Sales at Competitive Prices (The Collective at One Sophia Achieves High Sales Interest)

About The Collective at One Sophia Achieves High Sales Interest | The Collective at One Sophia, located within the One Sophia mixed-use development on Sophia Road, has quickly drawn attention from buyers. During a short two-day preview sale starting November 6, developers SingHaiyi Group and Ultra Infinity managed to sell 35 units, achieving an average price of S$2,750psf. This robust demand within such a brief window highlights the unique appeal of The Collective at One Sophia in Singapore’s Core Central Region (CCR).

Set in a sought-after location near major amenities and business hubs, these early sales underscore sustained interest in centrally positioned residences. The rapid sales and attractive price per square foot signal that The Collective at One Sophia is poised to make a strong impact in the market, capturing the interest of both homebuyers and investors.

One Sophia: A Comprehensive Mixed-Use Development

The broader One Sophia project combines both residential and commercial spaces, creating a multi-functional living and business hub. The Collective at One Sophia is the primary residential segment, featuring 367 condominium units. Additionally, One Sophia includes a 13-story commercial block comprising 127 strata-titled retail units housed within a two-floor retail podium. The top 11 floors of this block contain 122 strata office units.

Read Also: Six Major Residential Launches in November Adding 3,551 Units to Market

Since the commercial segment’s launch last month, roughly 34% of the strata office units have sold, with an average price of S$3,330psf. This positive response highlights the strategic value of a location that offers both residential and commercial spaces, appealing to businesses seeking central office locations with high connectivity and foot traffic.

Accelerated Preview Due to High Demand (The Collective at One Sophia Achieves High Sales Interest)

The initial preview for The Collective at One Sophia was scheduled for January 2025. However, strong buyer interest in the commercial units led the developers to expedite the timeline. Raymond Chia, of SingHaiyi Group, attributed the decision to this unexpected demand. “The enthusiastic buyer interest in our strata office units and the positive response from potential residents demonstrate One Sophia’s value as an integrated space for living and business,” Chia commented.

This early preview launch serves as a strategic response to current market dynamics, allowing the developers to engage with interested buyers while interest is high. With its blend of residential, retail, and office spaces, One Sophia is well-positioned to appeal to a wide range of buyers, including business professionals, families, and investors.

Diverse Unit Options and Attractive Amenities

More on The Collective at One Sophia Achieves High Sales Interest | The Collective at One Sophia offers a selection of residential unit types, suited to various lifestyle needs. Prospective residents can choose from studio, two-bedroom, and three-bedroom apartments, with unit sizes ranging from 430 sqft to 1,249 sqft. Pricing for studios starts at S$1.14 million (S$2,650psf), while three-bedroom units begin at S$2.85 million (S$2,782psf).

Amenities at The Collective are designed to promote a comfortable and enjoyable lifestyle. Residents will have access to a pool, Azure Spa, a social club, lounge deck, games room, and sky alcove. These shared facilities are intended to create a modern, community-focused environment for relaxation and recreation within the development.

Positive Market Reception Amid Challenging Conditions

The Collective at One Sophia’s sales success is particularly notable, considering the recent slowdown in Singapore’s Core Central Region (CCR) property market. In April 2023, the government raised the Additional Buyer’s Stamp Duty (ABSD) for foreign buyers from 30% to 60%, reducing demand from international investors who traditionally drive much of the CCR’s property market activity.

According to Ismail Gafoor, of PropNex, CCR sales have remained limited since this policy change. The Collective’s preview performance, accounting for over half of the total new private units sold in the CCR during the third quarter of 2024, is a strong signal of the market’s interest in quality developments. Gafoor emphasized that these initial sales reflect ongoing interest in well-located projects, even amid shifting market conditions.

Marcus Chu, of ERA Singapore, also highlighted the strong interest in The Collective, noting that despite several other projects launching in November, The Collective attracted substantial interest from potential buyers. “The strong demand in such a limited preview period reflects a steady appetite for properties that combine prime locations with desirable amenities,” Chu noted.

Extended Preview and Future Sales Plans (The Collective at One Sophia Achieves High Sales Interest)

The preview sale of The Collective at One Sophia will continue through November 30, allowing buyers the opportunity to purchase units ahead of the public launch in January 2025. Following this preview period, the sales gallery will temporarily close in December, giving developers time to finalize preparations for the upcoming launch. This staggered approach will enable the developers to fine-tune their sales strategy based on initial market response, enhancing The Collective’s appeal to a broad buyer base.

The successful start for The Collective at One Sophia indicates strong interest as it approaches its public launch. The development’s attractive mix of residential and commercial offerings makes it a unique choice within Singapore’s Core Central Region, appealing to buyers looking for convenience, amenities, and a strategic location in the city.

Read also: Other upcoming launches – River Green, Aurelle of Tampines, Bloomsbury Residences, Arina East Residences, Aurea Condo, The Orie Condo and Elta Condo.

---