It Was SOLD Above the Owners Asking Price
Properties @ 2–24 Phoenix Road which located in district 23 near Bukit Panjang has finally found a buyer and SOLD en bloc for $42.6 million.
This was announced by Colliers International on July 29 Monday, the marketing agent of the sale.
The en bloc properties was SOLD above the owners asking Price of $42 million and base on the sale price, it works out to a land rate of $630 psf ppr after adding the estimated differential premium payable.
This was the owners 2nd collective sale attempt, the first launch was in November last year 2018 which tender close on Jan 17, 2019.
The en bloc site did not attract any bidder at that time and without giving up, the collective sale was relaunched again in June this year.
Luck has finally found their way and a buyer was found.
CNQC Realty (Treasure), a unit part of Qingjian Realty was the buyer that acquired the properties.
Upon successful completion of the sale and depending on the size of the unit, each happy owner will stand to receive around of $1.08 million to $1.44 million.
This is the second en bloc sold in month of July after Sophia View, a small condominium in District 9 was picked up by a investor.
It became the first residential en bloc property sold in Singapore 2019. The sale price was unknown but owner will get about $2 million each.