Phoenix Road shops, apartments make second attempt at en bloc sale

Singapore

THE owners of a row of apartments and shops in Phoenix Road at Bukit Panjang are putting up their properties for collective sale for a second time on Thursday with an unchanged indicative price of S$42 million.

Owing to a bigger estimated differential premium, this works out to a higher land rate of S$621 per square foot per plot ratio (psf ppr), up from S$617 psf ppr in the earlier tender exercise, said the property's marketing agent Colliers International.

The property has a land area of 5,853 square metres (sq m) and was previously put up…