A row of 24 walk-up flats and 12 stores near Bukit Panjang are marketed for $42.6 million in its next en bloc effort.

The purchaser, CNQC Realty (Treasure), has provided a cost that’s greater than the initial asking price of $42 million and the estimated property speed proves to be $630 psf ppr such as the differential premium payable.

The 63,000 sq ft website spans 2/A-B into 24/A-B Phoenix street near Bukit Panjang.

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The website is situated near the Phoenix LRT station that links to MRT stations like Choa Chu Kang or even Bukit Panjang. The final is also only a 8-minute walk off.

It’s zoned for residential use with a gross plot ratio of 1.4 and may possibly yield 80 new houses with a mean size of 950 sq ft each.

District 23 provides opportunities for residential development
The district where the Phoenix street website stands is growing in popularity among young families and expatriates.

There are a Variety of amenities nearby including Bukit Panjang Plaza, Hillion Theater, Junction 10 and colleges like ITE College West, Pioneer Junior College and Chua Chu Kang Secondary School.

There’s a limited supply of private houses in the region that could mean ample chances for the growth of new residential jobs here.