Phoenix Road Property in District 23 Sold En Bloc To QingJian Realty Unit for $42.6 Million
QingJian Realty won the collective tender for the land at 2 Phoenix Road to 24 Phoenix Road in District 23. This existing 3-Storey building sits on a land size of 5,853 Sqm / 63,002 Sqft with 24 apartments and 12 shops. This is a 99-Years land tenure with a plot ratio of 1.4. It could be redeveloped into 80 residential units with average size of 950 Sqft subject to authorities approval.
The Arden at Phoenix Road will be am exclusive development planned under the Bukit Panjang URA Masterplan and Choa Chua Kang URA Masterplan
Source: https://www.straitstimes.com/business/property/phoenix-road-property-in-district-23-sold-en-bloc-to-qingjian-realty-unit-for
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