Sora Condominium at Jurong Lakeside estimated to be launched Q4 of 2023

JURONG EAST, Singapore - Oct. 25, 2023 - PRLog -- In a significant development, the acquisition of Park View Mansions, which has now been rebranded as SORA, has been successfully concluded following a rigorous tender process. The deal was orchestrated by a consortium consisting of prominent real estate players: Chip Eng Seng, SingHaiyi Group, and KSH Holdings. Notably, KSH Holdings and SingHaiyi Group have secured a 30% ownership stake each, with the remaining 40% stake held by Chip Eng Seng.

The collective sale of SORA commanded a substantial S$260 million, equating to an estimated land rate of S$1.023 per square foot per plot ratio (psf ppr). This valuation takes into account an anticipated differential premium, which holds the potential to raise the total plot ratio to 2.1 for an extended leasehold period of 99 years.

SORA Condo enjoys superb connectivity. Yuan Ching Road links seamlessly to key routes like Boon Lay Way and Ayer Rajah Expressway, a mere 10-minute drive away. You'll also have easy access to Corporation Road, Tah Ching Road, Lake Point Drive, and Chinese Gardens Road. For longer trips, the Pan Island Expressway is a quick 20-minute drive via Bukit Timah Road. (visit https://sora-condominium.com/introducing-sora/ for more details)

This development is bound to enchant those who appreciate green spaces, offering the allure of having a garden right on their doorstep. Furthermore, it presents a promising investment opportunity, thanks to the government's strategic blueprint for Jurong Lake District and its close proximity to the second Central Business District, just a short ride away on the MRT.

On April 1, 2023, the National Parks Board (NParks) successfully concluded the development of Lakeside Garden, which is one of the three stunning gardens nestled within the sprawling 90-hectare expanse of Jurong Lake Gardens, along with the eagerly awaited Chinese and Japanese Gardens. This garden now includes a new active zone with Singapore's largest outdoor skate park, surrounded by recreated forests and wetland pools, also featuring a parkour area and a bouldering wall, designed in collaboration with the community.

Since its 2019 opening, Lakeside Garden has drawn over 17 million visitors. Next up, Chinese and Japanese Gardens will open in 2024 as part of Jurong Lake District's urban development plan to bring amenities closer to residents, reinforcing the area's status as a City in Nature.

About Sora Condominium, visit https://sora-condominium.com/introducing-sora/ for floor plans, project pricing and details.