ABOUT THE EN BLOC SALES


Phoenix Heights

Phoenix Heights En Bloc is launched into tender last 2018. This en bloc is comprised of a condominium tower with 32 units of residence. Located along Phoenix Walk just off the Upper Bukit Timah, this property is built way back in 1970. Sitting on a spacious land area measuring 42,753.5 square feet, this residence has been a good home to its current and former occupants.

With a 99-year leasehold that took effect in 1969, this en bloc aimed to renew the lease for its new development. The tender launch that happened on June 7, 2018, has a $36 million asking price.

The en bloc sale successfully went through as OKP holdings acquired this majestic property site at a $33.1 million price. Though it is lower than the reserved price, the Phoenix Heights Collective Sale Committee gladly accepted the offer. This is also despite the announcement of the Government about the new cooling measures on the property market. The tender closed on July 10, 2018.

USB Holdings, a 25%-owned associated company of the buyer OKP Holdings is the one behind the acquisition of this property en bloc. They paid a deposit amounting to $180,000 followed by 10% of the purchase price of $3.13 million. The sale was completed on August 20, 2018.

The Phoenix Heights en bloc is recorded to be the second successful en bloc sale after the announcement of cooling measures made on July 5, 2018. The Casa Meyfort en bloc was sold beforehand to by Guocoland on July 10, 2018, for an amazing price of $319.88 million.

 

 

PHOENIX HEIGHTS LOCATION


The Phoenix Heights location is very much convenient so to say. Its accessibility to and from major amenities is provided by various modes of transport services that are available in the area. Apart from bus stops that are abundant around the neighborhood, there are also a good number of MRT stations nearby. Some of these stations include the Choa Chu Kang MRT, Bukit Panjang MRT and Bukit Gombak MRT along with numerous LRTs nearby.

The property is also conveniently enclosed by Bukit Batok Road and Upper Bukit Timah Road which connects the property to most parts of Singapore.

Just a few minutes away are different shopping malls and leisure amenities that will provide an exciting and enjoyable time for the residing community. In the list are Lot One Shoppers’ Mall, Greenridge Shopping Centre, and Teck Whye Shopping Centre to mention some.

Aside from these leisure amenities are prestigious schools that offer great educational services. Both local and international schools are accessible in the area including West View Primary School, GESS International School Singapore, and Pioneer Junior College.

 

MODE OF TRANSPORT

  • Bukit Batok Road
  • Upper Bukit Timah Road
  • Bukit Gombak MRT
  • Choa Chu Kang MRT
  • Bukit Panjang MRT
  • Phoenix LRT
  • Teck Whye LRT
  • Keat hong LRT
  • South View LRT
  • Senja LRT

 

NEARBY AMENITIES

  • Lot One Shoppers’ Mall
  • Keat Hong Shopping Centre
  • Sheng Siong Supermarket
  • Phoenix Heights Playground
  • Chesnut Drive Playground
  • South View Primary School
  • Pioneer Junior College
  • Swiss Cottage Secondary School
  • Choa Chu Kang Secondary School
  • Junction 10

 

POTENTIAL OF THE SITE


The Phoenix Heights en bloc site is one of the nicest address in District 23. This site has an excellent distance to Jurong Lake that will give its future development an amazing view of the district. The property site is zoned for residential use with a 1.4 plot ratio.

Its land size measures 42,753.5 square feet with an allowable gross floor area of 59,585 square feet on its maximum. With this size, the developer will be able to develop the site to an exceptional residence that property-seekers will enjoy.

Its location will give the new development known as “Phoenix Residences” a great opportunity to attract buyers, investors and renters as well since it is very much accessible through different modes of transport. It also is a few minutes drive to major amenities that are essentially needed for a satisfying and convenient lifestyle in the metropolitan area.

As per the USB holdings, the associate company of OKP Holdings that is responsible for the acquisition of the site, they are planning to renew the 99-year leasehold tenure of the area for its new development. This adds to the things that might be considered for an attractive new development that both property-seekers and investors would look forward to.

 

 

PHOENIX HEIGHTS NEW CONDO REGISTRATION OF INTEREST


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Phoenix Heights
Phoenix Heights

Phoenix Heights En Bloc is launched into tender last 2018. This en bloc is comprised of a condominium tower with 32 units of residence. Located along Phoenix Walk just off the Upper Bukit Timah, this property is built way back in 1970. Sitting on a spacious land area measuring 42,753.5 square feet, this residence has been a good home to its current and former occupants.

Product SKU: Phoenix Heights

Product Currency: SGD

Product Price: 33100000

Product In-Stock: InStock