QingJian Realty’s subsidiary, The Arden by CNQC Realty(Treasure) had bid for a row of shops and apartments on Phoenix Road near Bukit Panjang. The property’s second collective sale saw the properties being sold in a single block for S$42.6million.
The total sales were priced higher than the asking price of S$42million. Each owner could receive an estimate for the sale proceeds at S$1.08 million-S$1.44 Million depending on the size and condition of their units.
There are 24 apartments and 12 shops in the existing property. They are located on two three-storey blocks with sizes ranging from 83 to 91 square metres.
After adjusting for the differential premium, the enbloc agreement works out to an approximate land rate of S$630/square foot per plot ratio (psfppr).
The 99-year leasehold tenure for the Phoenix Road land parcel began on January 1, 1969.
The Arden has been zoned for residential uses with a gross plot rate of 1.4 according to the Draft Master Plan 2019 prepared by the Urban Redevelopment Authority.
The new condo launch at Phoenix Road will be redeveloped to provide 80 residential units in a modern architecture design.
The Arden, a new condominium located in District 23, Phoenix Avenue Singapore. Qingjian will develop it. It is strategically located in an area with a 99-year tenure. There are a total of 79 units, ranging in size from two-bedrooms to four-bedrooms. It provides a peaceful environment and wellness for your loved ones to create a positive and healthy environment. This condo is an excellent choice for home-seekers and a smart investment for you and the family.
You will feel refreshed and calmed by the beautiful views from this condo. It is important to consider where you will be staying. This condo is located in a great location. You will find everything you need in this area, including shopping, entertainment, and F&B. You can get anywhere you want to go in minutes with the transport connections. You can be sure that your children will receive a quality education from the high-quality educational institutions located around this condo.
They also recognize the importance of education at all ages and know that it is not to be underestimated. The condo is close to great facilities such as the Jurong Lake District, Jurong Innovation District, or the SAFRA Clubhouse. These areas are great for spending time with family and friends. Near this development are many water features that help to relax your mind and body. The Hydrotherapy Pavilion with Swim-up and floating Pods can help you to relax. The condo has everything you need to stay fit in the small space available. You will have a wonderful time in the condo thanks to its many amenities and facilities.
The units are spacious, which allows you to enjoy the freedom from having inefficient layouts that could cause you anxiety. This condo is the epitome modern sophistication and stylish comfort. Living in one of these units can provide luxury living as well as comfort.