SORA Price – Successful Tender Price
Land Location | SUCCESSFUL SALE PRICE | PER SQ FT PER PLOT RATIO | GFA |
---|---|---|---|
Lakeside Jurong | $260,000,000 | $1,023 psf | 403,145 sq ft |
SORA Price – Nearby Properties Transacted Price
Navigating Lakeside Living: SORA Versus Other Condominiums
When investing in a residential property like SORA, comparison plays a critical role. Let’s have a look at how SORA stacks up against nearby projects such as J Gateway, Lake Grande, and Lakeville.
J Gateway, a 99-year leasehold project completed in 2016, hosts 738 units within 1,863m distance from SORA. Attracting a 3.8% foreign ownership, the property’s prices range from S$1,452 to S$1,991 psf. J Gateway saw 36 sales transactions and 339 rental transactions, yielding a 4.4% rental return and 2.3% annualized capital gain. It boasts a high profitability rate of 94.4%.
Lake Grande, another 99-year leasehold condominium, was completed in 2019. With 710 units, it is located 1,325m from SORA and draws a 5% foreign ownership rate. Units here range from S$1,499 to S$1,853 psf. This development saw 27 sales transactions and 232 rental transactions, yielding a 4.1% rental return and 3.5% annualized capital gain. All transactions were profitable, making Lake Grande an attractive investment.
Lakeville, completed in 2017, is also on a 99-year lease. Its 696 units are 1,263m away from SORA. Attracting an 11.6% foreign ownership, unit prices vary from S$1,356 to S$1,843 psf. It reported 32 sales transactions and 182 rental transactions, offering a rental yield of 4.1% and an annualized capital gain of 2.6%. Approximately 93.8% of the transactions were profitable.
SORA’s Lakeside location and anticipated features make for an appealing proposition for both local and foreign buyers, and investors can look forward to an investment opportunity that could compete favorably against others in Jurong district.
Quick Summary
Project Name | Tenure | Completion Year | No. of Units | Distance (m) | HIGHEST TRANSACTED SELLING PRICE (PSF) FOR PAST 12 MONTHS | Sales Volume | % of Profitable Transactions |
---|---|---|---|---|---|---|---|
J Gateway | 99 years from 2012 | 2016 | 738 | 1,863 | $1,991 | 36 | 94.4 |
Lake Grande | 99 years from 2015 | 2019 | 710 | 1,325 | $1,853 | 27 | 100.0 |
Lakeville | 99 years from 2013 | 2017 | 696 | 1,263 | $1,843 | 32 | 93.8 |
SORA PRICE – ESTIMATE INDICATIVE / LAUNCH PRICE
PSF$ | |
A) Land Cost | $1,023 |
B) Construction Cost (estimate) | $450 |
C) Profit Margin + Other Expenses (30% x [A+B] ) | $442 |
Estimate Launch Price (SUBJECTED TO CHANGES) (FOR EDUCATION PURPOSES, NOT FINAL SELLING PRICE) | $1,915 |
Latest Information SORA Price List As At Sunday, February 9th 2025 updated, Register to receive the price list and book showflat appointment!