Sophia Mansions, a 19-unit residential development located along Adis Road (off Sophia Road) has been offered for en bloc sale.
"The sellers are expecting offers in the region of S$42.5 million to S$45 million,'' said Yong Choon Fah, Executive Director of Credo Real Estate, the property specialist handling the en bloc sale.
The prices reflect land rates of about S$1,160 to S$1,228 psf/pr at Gross Plot Ratio (GPR) of 2.1, inclusive of development charge, she added.
The 17,545 sq ft site has been zoned "residential" under the 2008 Master Plan.