Table of Contents
ABOUT THE EN BLOC SALES
The Phoenix Road property which is comprised of a number of row houses and apartments have been successfully sold to Qingjian Realty who is also the developer of Altura which is a very promising property in the District 23 of Singapre. With an astonishing price of $42.6 million, Qingjian Realty bagged this amazing en bloc site.
The property has a site area of 5,853 square meters which enables it to house a fascinating residence for a few years. The former property has 24 apartments and 12 shops and is enclosed in a couple of three-storey buildings. The property en bloc has a 99-year leasehold tenure which allows its inhabitants enjoy substantially a lifetime.
The successful sale that was closed last July 25 at 3 pm was launched last June 27. It was the second attempt on collective sale for this property. It was first launched in November of the previous year but is unsuccessful with a similar price of $42 million.
PHOENIX ROAD LOCATION
Phoenix Road is a sought after location in one of Singapore’s finest districts. The accessibility of this development is exceptional. Linked by a good number of MRT stations as well as LRTs, the future of this address is undeniably good. Nearby stations that residents do enjoy the comfort of riding are Jelapang LRT, Cashew MRT, Bukit Panjang MRT and Phoenix LRT among some.
It also helps with the convenience of the residents in the area that the Kranji Expressway (KPE) and Bukit Timah Expressway link the address to various locations and districts. They have the comfort of driving through this routes with less hassle.
There are also plenty of neighboring educational institutions that offers fabulous and remarkable quality of educational service. They are commendable for their outstanding dedication for in providing high quality of education. Some on the list are Fajar Secondary School, Jurong Pioneer Junior College, Chua Chu Kang Secondary School and Bukit Panjang Primary School.
Enjoyable recreational facilities such as shopping malls and outdoor nature parks are also within reach. A few on the list include Keat Hong Shopping Centre, Petir Park, Lot One Shoppers’ Mall and Tech Whye Park.
MODE OF TRANSPORT
- Bukit Panjang MRT
- Cashew MRT
- Phoenix LRT
- Senja LRT
- Jelapang LRT
- Teck Whye LRT
- Kranji Expressway (KPE)
- Bukit Timah Expressway (BKE)
- Bukit Panjang Community Centre
- Keat Hong Shopping Centre
- Lot One Shoppers’ Mall
- Fajar Secondary School
- Bukit Panjang Primary School
- Jurong Pioneer Junior College
- Chua Chu Kang Secondary School
POTENTIAL OF THE SITE
The site address for Phoenix Road is zoned as residential. It can be redeveloped to a luxurious residence with an average floor area of 950 square feet. It can cater to about 80 residential units. With various opportunities with excellent percentage, the redeveloped site will be able to provide a residence with an exceptional rental yield.
This great opportunity at Phoenix Road is due to the minimal availability of private residences in the area. According to the collective sale committee chairman Mr. Vincent Chua, that he was glad a new redeveloped property with a contemporary look and exceptional architectural design.
With a gross plot ration of 1.4, this en bloc site has a very promising future for investors and property-seekers.
PHOENIX ROAD NEW CONDO REGISTRATION OF INTEREST
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The Phoenix Road property which is comprised of a number of row houses and apartments have been successfully sold to Qingjian Realty. With an astonishing price of $42.6 million, Qingjian Realty bagged this amazing en bloc site.
Product SKU: Phoenix Road
Product Currency: SGD
Product Price: 42600000
Product In-Stock: InStock