JLL sells two residential sites for $62m

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The sites have a combined area of 23,828 sq. ft. Residential sites Fair Haven and Sophia Ville along the popular Sophia Road have been sold to a local developer for $62m, according to JLL. The sites, which have a combined area of 23,828 sq. ft., are two adjoining collective sale sites jointly put up for tender in late August. These may be redeveloped into a prime residential apartment with over 50,000 sq. ft. total gross floor area. Over 80% of the owners have consented to the sale subject to meeting several conditions.