Real Estate buy in Bukit Panjang Estate South West

This is a review of The Arden (雅诗轩), a 99-year leasehold condo at Phoenix Road in Singapore's District 23. Comprising 3 blocks totalling 105 units of 2- to 4-bedrooms, this boutique development by Qingjian Realty Pte Ltd is expected to be launched in the 2nd half of 2022. The TOP is estimated to be in 2025. The 63,000 sqft of land was acquired through a collective sale of 24 apartments and 12 commercial shops in July 2009. It paid $42.6 million, which works out to an estimated land rate of $630 per sq ft per plot ratio (psf ppr) after factoring the estimated differential premium payable. Hence, it is likely to be launched around $1,5xx psf on average. It is situated between the Phoenix and Teck Whye LRT stations which are about 3-4 minutes walk away. The LRT line is linked to the Bukit Panjang MRT station along the Downtown Line (DT1), providing direct access to many sought-after schools along the Bukit Timah belt and Downtown Singapore. The Arden condo is also close to several shopping malls and these include Junction 10, Hillion Mall, Bukit Panjang Plaza, Teck Why and Fajar Shopping Centres.