Upcoming SORA Preview and details

Upcoming SORA Preview and details

In an exciting development for Singapore's property market, SingHaiyi has announced the preview of Sora, a new residential project in the Jurong Lake District (JLD), set to launch on June 22, with sales commencing on July 6. This project marks a significant suburban launch following the successful Lentor Mansion launch in mid-March, which is already 81% sold.

Sora, developed by a SingHaiyi-led consortium, is strategically priced from $1,850 per square foot (psf), starting at just under $1 million for a 538 sq ft one-bedroom-plus-study unit. Gallant Tang, executive director of SingHaiyi, emphasizes that the pricing strategy is competitive relative to neighboring developments.

Unique Selling Points

Prime Location and Connectivity

Sora's prime location on Yuan Ching Road offers residents exceptional connectivity. It boasts a 300-meter frontage along Jurong Lake Gardens, providing approximately 80% of the units with park views. The development's proximity to MRT stations such as Lakeside, Chinese Garden, and the future Jurong East Interchange enhances its attractiveness.

Heritage and Modernity

A redevelopment of the former Park View Mansion, Sora retains historical charm while integrating modern amenities. The development's design includes tiered sky gardens inspired by a hotel rooftop garden in Bangkok, with extensive landscaping occupying 70% of the site footprint.

Comprehensive Amenities and Facilities

With a variety of unit types ranging from one-bedroom-plus-study to five-bedroom units, Sora caters to diverse needs. The majority (84%) of the units are two- and three-bedroom types, ideal for families and investors. The development also includes over 60 resident facilities, providing a holistic living experience.

Competitive Edge in JLD

Sora is the third 99-year leasehold residential project in the JLD, following Wing Tai Holdings’ The LakeGarden Residences and CapitaLand Development Singapore’s J’den. The LakeGarden Residences is 39% sold at an average price of $2,134 psf, while J’den is over 90% sold at $2,459 psf. SingHaiyi’s pricing flexibility, owing to the lower land rate compared to neighboring developments, positions Sora as an attractive option for potential buyers.

Future Prospects and Market Sentiment

With ongoing enhancements in the JLD, including the development of the Jurong Innovation District and improved transport connectivity, Sora is poised to benefit from increased demand. The scarcity of homes with national garden frontage further amplifies its appeal. The upcoming new Singapore Science Centre and enhanced recreational facilities in Jurong Lake Gardens add to the long-term value proposition of this development.

Summary and Highlights

  • Prime Location: Strategic position in Jurong Lake District with excellent connectivity.
  • Competitive Pricing: Starting from $1,850 psf, offering value relative to neighboring projects.
  • Heritage and Modernity: Unique blend of historical elements and modern amenities.
  • Comprehensive Facilities: Over 60 resident facilities and diverse unit types.
  • Future Growth: Benefiting from Jurong Innovation District and improved transport infrastructure.

The preview of Sora by SingHaiyi presents a rare opportunity for homebuyers and investors to secure a property in the burgeoning Jurong Lake District. With its competitive pricing, prime location, and comprehensive amenities, Sora stands out as a compelling choice in Singapore’s real estate market. As a real estate agent, I strongly recommend keeping a close eye on this development.

For the latest updates and to explore how you can take advantage of this exciting opportunity, please reach out to me. Don’t miss your chance to be part of this vibrant community in Jurong Lake District.

For more details, you can read the original article on EdgeProp.

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