NewCondo is an upcoming private residential development that is located in Jurong (next to Clementi estate), West Region of the island. The site of the development is situated along Yuan Ching Road and overlooks the Japanese Garden. It interweaves with the upcoming Jurong Lake District. The plot has previously belonged to Parkview Mansions, a development that comprises of 160 apartments that was built in the 1998. Parkview Mansions was put up for sale in the enbloc market in June 2022 with a reserved price of $260 million. The land parcel was successfully acquired via a joint bidding by SingHaiYi, CEL Developments and KSH Holdings on 28 July 2022.
The size of the land is approximately 17,834 square metres and with a plot ratio of 2.1. The 99 years leasehold plot has its tenure started running from 1976. The winning bid was translated to $1023 per square foot per plot ratio which include the estimated land betterment charge and topping up of the lease.
With the transformations that are ongoing in SORA Condo’s estate, the development will be an attractive option for many home buyers and investors. As the estate continues to shape up itself to be a home for long, the demand for housings in this area is expected to maintain robust. In the recent years, there are also less new launches in this neighbourhood which makes SORA Condo an alluring residential address which allow buyers to capitalise on the potential growth and transformation of this estate.
The Jurong Lake District, which spans across 360 hectares, will be the biggest mixed-use commercial zone that is out of the city core. It will be housing quality housings, amenities, offices and lush green spaces. This district will be the benchmark for metropolitan sustainability to provide for new jobs and companies for green innovations and at the same time having mixed uses for playing living and working. The Jurong Innovation District will be an industrial estate for advanced manufacturing and to support the ecosystem of education institutions, researchers, technological companies and manufacturers.
With these 2 upcoming districts, future residents will be able to find more employment opportunities closer to their homes. They will also draw a myriad of workers and talents to here as being one the main employment nodes. Meanwhile, the nearby Tuas Mega Port will also be beneficial for the estate’s industries and will bring more vibrancy to this area. As the pace of this estate’s transformation gathers, investor and home buyers will be seeking for opportunities to capitalize on the growth here and with the limited of new launch choice here, SORA Condo will prove to be a worthy option.
About the Developers
SingHaiyi Group is founded on the attributes of integrity and business excellence. It undertakes to develop a brand to be reliable and trustworthy for sustaining growth while building its legacy for the future generations. The company’s vision is to become a all-rounded and premier real estate firm with great expertise and track record in real estate management, investment and development in the geographical positions its operates in. The company’s mission is to attain growth that is sustainable while creating value for its shareholders via upbeat real estate management, quality real estate developments as well as acquisitions that are yield-accretive.
It is a company that enjoys fast growth and well diverse that focuses on real estate management services, investment and development. SingHaiYi is run by its management team that possesses solid connections and deep insights which allows accessibility to rare and unique opportunities in investment.
Other than its strong track record for development residential projects, SingHaiYi also has an income generating portfolio of well-diverse assets across the retail and commercial segments. The group has developed a proven record in terms of real estate development with expansions from public sectors to private commercial and residential developments not just locally but also internationally. The group was listed previously on the Singapore Stock Exchange’s Main Board and became privatised at end of January 2022.
SingHaiYi also has various exposures to other sectors of the property industry. This shows a testimony to the company’s strategy of well-diverse and calculated risks which enables it to offer visible and sustainable incomes.
The company adapts a 4-branched strategy that aligned to its visions to be a prime and all-rounded property firm in real estate management, investment and development in its operating geographical positions. The strategies are creating quality real estate developments portfolio, enhancing its portfolio via divestments and acquisition that are yield-accretive, proactive management of its portfolio and building values that are sustainable.
Some of the company’s activities which are aligned to these strategies include completion of 6 real estate developments in US and Singapore since 2013. The company currently also has 6 ongoing projects in both countries. The company has also been actively identifying opportunities that are priced reasonably to safeguard good returns, this is evident from the 6 completed developments and its 6 recent acquisitions via collective sale.
The company manages its main assets which include its commercial development located at Penang Road and current residential developments like Parc Clematis, The Lilium and The Gazania which it manages the marketing, sales and redevelopment efforts of them via a 50% stake. The company also involves in joint ventures for its acquisitions. Some of its latest joint ventures include the successful acquisition of Maxwell House which will be redeveloped into a mixed-use residential cum commercial development in the downtown core. The company has also successfully acquired Peace Mansion and Peace Centre in Selegie Road via joint tender. The company will be co-managing the redevelopment, marketing as well as sales on this upcoming project.
Its strong pipeline of projects that comprises of Parc Clematis, The Lilium and The Gazania is a strong visibility of the company which offers clear income stream. The group also strengthen its market diversification and stability in its earnings by acquiring stakes in Cromwell Property, a major real estate group that is listed in Australia. This offers additional constant stream of income and as a foothold to understand Australia’s market better so that benefit from any opportunity that comes along. SIngHaiYI also leverage itself via network, resources and partnerships of managing shareholders for capital structure optimisation and enhanced improved deal stream.
Its recent successful acquisitions in joint tenders via successful strategical partnerships enables the group to participate in projects that are of bigger scale without having to involve in larger risks. This makes the company in position that is well enough for continuing expanding its capabilities and network in the international markets. The company also consistently expanding its portfolio of real estate acquisition and investments that helps to diverse its investments as well as yield its profits and growth. SingHaiYi is armed with the essential agility and flexibility to steer through the obstacles it faces in market as a frontrunning private property firm.
CEL Development is a company that is wholly owned by one of the largest companies in Singapore’s construction industry, Chip Eng Seng. CEL has been listed on the Singapore Stock Exchange since 1999.
The company has been leading Chip Eng Seng Group real estate development portfolio and through the years CEL has positioned itself as a fast-growing brand in the real estate development industry. The company has real estate developments not just locally but also in other geographical markets such as Vietnam and Australia. This allows it to build its remarkable growth in the last few years.
This dynamic company has developed its success base on the attributes of strong quality standards and ethical practices that are backed by its extensive experience and expertise in the real estate investment, real estate development and construction fields. With a solid synthesis of experiences and youth in its ranks, CEL Development can ride on this expertise to push continually beyond the benchmarks in quality and construction, much similar to its corporate vision.
The company’s vision is to be a frontrunning real estate development firm of choice in multi-discipline of the industry. It is identical to building quality developments that has excellent investment value and quality which creates values that are sustainable for its customers and shareholders as well as being a corporate that is socially responsible. With the company’s dynamic approach and standard practices, it aims to climb to higher height in the near future and endeavour to provide its promises to bring quality developments for now and the future. Some of the company’s recent private residential projects in Singapore include Parc Colonial, Parc Komo and Kopar at Newton.
KSH Holdings is a reputable real estate investment, real estate development and construction firm in Singapore. It was established in 1979 and since early 2007 has gone public in the Singapore Stock Exchange ST Main Board. As a contractor, KSH Holdings is graded A1 under CW01 by BCA. This means the company can tender for construction projects in the Public Sector that is of limitless value. It has also been a main contractor for Singapore’s private sectors as well. As a civil engineering firm, the company is ranked A2 for CW02 by BCA which means it is allow to tender for projects in the public sector that valuing to not more the $85 million.
The company has a solid track record in managing construction projects in a wide variety of industries. These projects have ranked high in CONQUAS which is a industry system for assessing the building projects’ quality. The company has also attained many awards in Building Excellence from BCA. Some of these awards include Merit for Heartbeat @ Bedok, Excellence for Sports Centre at NUS, Madison Residences, Mt Alvernia Hospital and many more.
Via Strategic joint ventures and alliances, the company is able to spans its presence in real estate investment and development across multiple segments of the real estate industry which include mixed-use, commercial, residential and hotel developments. Other than successful completions of projects locally and in China, KSH Holdings also has successful properties acquisitions via joint ventures and partnerships globally which include countries like Japan, Australia, Malaysia and the UK. The company will continue to seek business opportunities in new geographical locations with positive property cycles focusing mainly in Southeast Asia.
The company’s real estate investment arm will focus on assets that are yield-accretive which are able to provide income streams that are sustainable and coupled with potential capital appreciation. It will be continuing to widen its projects and businesses as well as seeking into new market opportunities and at the same time, sustaining its growth and enhancing the values of its shareholders. Some of its residential projects in Singapore include Rezi 3Two, Rezi 35, Park Colonial, Riverfront Residences, Affinity @ Serangoon and High Park Residences.
Shopping Mall Taman Jurong Shopping Centre – 0.5km JCube – 1.7km Boon Lay Shopping Centre – 1.9km
Kindergarten Jurong Calvary Kindergarten – 0.2km Acekidz @ SG – 0.5km David & Goliath Preschool – 0.5km My First Skool (505 Yung An Rd) – 0.5km PCF Sparkletots Preschool @ Taman Jurong Blk 161 – 0.6km Iman Childcare (Jurong) – 0.6km Just Kids @ Taman Jurong – 0.6km Acekidz @ Lakevista – 0.6km E-Bridge Pre-School – 0.6km Assyakirin Mosque Kindergarten – 0.7km
Primary School Lakeside Primary School – 0.9km Fuhua Primary School – 1.2km Shuqun Primary School – 1.7km Rulang Primary School – 1.7km Boon Lay Garden Primary School – 1.8km Jurong Primary School – 1.9km Yuhua Primary School – 2.0km
Secondary School Jurong Secondary School – 0.4km Yuan Ching Secondary School – 1.1km Fuhua Secondary School – 1.6km Yuhua Secondary School – 1.6km Shuqun Secondary School – 1.8km
Junior College Millenia Institute – 2.5km
Tertiary Nanyang Technological University – 4.7km
International School Yuvabharathi International School – 0.5km Canadian International School (Lakeside Campus) – 1.4km
Food Centre Taman Jurong Market and Food Centre – 0.5km Jurong East Avenue 1 Blk 347 Marker and Food Centre – 1.5km Yuhua Village Market and Food Centre – 1.7km Boon Lay Place Market & Food Village – 1.9km Jurong West 505 Market & Food Centre – 2.0km
Lifestyle Fairway Club – 0.1km Fairway Club of Palm Resort Golf Course – 0.2km Jurong Stadium – 0.7km Jurong Lake – 0.8km Jurong Country Club Golf Course – 1.4km Jurong Country Club – 1.4km Jurong East Stadium – 1.6km
Highlights of Condo
Transport Network SORA Condo is well-served by the public transportation system. It is close to the Chinese Garden MRT Station which runs the MRT East West Line. This high-capacity service line runs from Pasir Ris in the East to Tuas Link in the West. It is also one of the longest MRT lines that spans more than 57 kilometres with 35 MRT Stations.
The MRT Jurong Region Line is estimated to be completed in 2027/28. With this line, it will turn the Jurong East MRT Interchange Station to be one of the major integrated transportation nodes in the West. This transportation node will house retail spaces, public facilities, offices as well as the bus interchange. With these upcoming amenities, the connectivity of SORA Condo and its surrounding will be further enhanced and will improve the conveniences for its future residents.
SORA Condo also enjoys quick access to major arterial roads and expressways. It is well connected to the Pan Island Expressway and the Ayer Rajah Expressway. To travel to Orchard Road, it will take approximately 25 minutes’ drive and approximately 26 minutes to the Central Business District.
Amenities SORA Condo is just stone throws to a myriad of amenities which offer its future residents an abundance of retail, dining and lifestyle choices. These amenities include the Taman Jurong Shopping Centre, the Jurong Point, the IMM, the Westgate and the JCube.
It is also close to Taman Jurong Market and Food Centre, Jurong East Avenue 1 Blk 347 Marker and Food Centre, Yuhua Village Market and Food Centre, Boon Lay Place Market & Food Village and Jurong West 505 Market & Food Centre. In addition, future residents will also be able to get extensive medical services from the nearby Jurong Community Hospital and the Ng Teng Fong Hospital.
Schools SORA Condo’s precinct also houses many education institutions that cater to the needs of households with children that are of school-going age. These education facilities will offer education needs to the kids at their various stages.
Primary school that is within 1 km from the SORA Condo will be Lakeside Primary School. Those that are within 2 km include Fuhua Primary School, Shuqun Primary School, Rulang Primary School, Boon Lay Garden Primary School, Jurong Primary School and Yuhua Primary School.
Nearby secondary schools include Jurong Secondary School, Yuan Ching Secondary School, Fuhua Secondary School, Yuhua Secondary School and Shuqun Secondary School. Other nearby notable schools to mention are Yuvabharathi International School and Canadian International School (Lakeside Campus).
SORA Condo Factsheet
Want to be a proud owner of a unit in SORA Condo?
Simply fill up the form below and we will get in touch with you shortly.
