The tender for the collective sale of Phoenix Heights in Bukit Panjang was won by an associate of OKP Holdings in August 2018. Since then the company have redeveloped the properties and extended the lease on the development.

Phoenix Heights Enbloc Located in Bukit Panjang

The development was originally built in 1969 with a lease that would last for 99 years. When it was purchased in 2018 there were just over fifty years remaining. It was clear to OKP Holdings that this lease would need to be extended. They have been able to add another 50 years to the lease so that people who purchase a property now will still have a 99 year lease.

The site of the original development was very conveniently located. It is close to a number of Bukit Batok EC amenities such as supermarkets and restaurants. The Ten Mile Shopping Mall is also nearby and …