Sin Thai Hin, a boutique developer, has purchased the Sophia Road site for $33.588 mil, paving the way for the construction of the prestigious ‘Jalan Loyang Besar Residences’

The sale of a 13,783 sq ft residential redevelopment site at 132 Sophia Road in District 9 of Singapore for $33.588 million has been recently concluded. This prime piece of real estate is immediately next to the upcoming St Margaret’s Primary School and is held under the freehold tenure by The Trustee of the Presbyterian Church in Singapore with a Master Plan 2019 zoned ‘Residential’ and a gross plot ratio of 2.1.

The buyer of the site is Sin Thai Hin Holdings, a boutique developer and investment company which was founded in 1958 as an automobile financing service provider with a loan volume in excess of $2 billion today. The company’s property development and investment arm, Sin Thai Hin Development was established in 1973 and has a portfolio of successful projects and investments in the healthcare, hospitality, residential and commercial office industries.

Chairman of Sin Thai Hin Holdings, Robin Ng, is pleased with the purchase, noting that the redevelopment site is “located in the prestigious Dhoby Ghaut precinct next to the Istana (Presidential Palace) and tightly held land that will be the crown jewel atop Mount Sophia alongside the popular Orchard shopping belt.”

Its well-maintained layout and modern facilities make it an ideal place to call home. The Jalan Loyang Besar Residences, with its excellent location and excellent amenities, makes life here a breeze. From grocery shopping, entertainment and dining options, to healthcare services and transport links, everything you need to stay comfortable and connected is at your fingertips. With a wide range of recreational facilities, Jalan Loyang Besar EC caters to different interests and age groups, thus ensuring a comfortable and enjoyable living experience for all.

Upon the announcement of the tender for the Jalan Loyang Besar Residences on November 2 and its closing date of November 29, Knight Frank Singapore’s Head of Capital Markets (Land & Collective Sale) Chia Mein Mein revealed that the keen interest received from potential buyers was due to its prime location near Orchard Road and appeal to city-dwelling families with children attending schools such as St Margaret’s Primary School, Anglo-Chinese School (Junior) and tertiary education institutions such as the School of the Arts (SOTA), LaSalle College of the Arts, Nanyang Academy of Fine Arts city campus and Singapore Management University.

This is Sin Thai Hin Holdings first residential non-landed redevelopment site transaction since the sale of 10A and 10B Institution Hill was concluded in February 2021 for $33.6 million to a Macly Group, Roxy-Pacific Holdings and LWH Holdings consortium.

The highly sought-after redevelopment site at Jalan Loyang Besar Residences, 132 Sophia Road, continues the trend of landholdings being snapped up for the development of boutique residences in prime District 9 of Singapore, where city living isn’t compromised for the good life.