OKP Holdings, a Singapore-based infrastructure, and civil engineering firm are listed as the buyer of Phoenix Heights at a price of $33.1 million. However, OKP holdings ltd is not the direct buyer, as it is a 25% owned associate company that has rented the 32-unit en bloc. The Phoenix heights en bloc is situated at Phoenix Avenue, off Bukit Batok, and the upper Bukit Timah roads.
OKP Holdings Phoenix Heights Enbloc
Phoenix heights en bloc was meant to be an ideal residential property. The blocks were constructed in 1970, and they are located on a 42, 753.5 sq.ft Size of land with a 99-year contract
right from 1969. USB holdings expect to get a new 99-year contract for Phoenix heights, which it plans to renovate upon approval of the lease by the concerned authorities. The transport also
amenities make it a great residential area as it is near an MRT station.
OKP Holdings USB Holdings Finance
OKP Holdings have suggested that it will finance its share of the buying price through the use of internal funds and loans. The renovation is primarily because the blocks have been around for
quite a long time. Other companies also have a stake in USB holdings, according to some earlier filings. These companies are inclusive of the Ho Lee Group, Hwa Sang Group’s HSB Holdings, as well as Chye Joo Construction’s & Investment and Property. The condos have been designed to meet a residential purpose as per the outlay and compound structure. Even though it was built in the70’s, the structure still serves the needs of the modern population. Phoenix heights en bloc is ideal to the people who would wish to yet an inexpensive yet tranquil type of life.
Residents Near to OKP Holdings Phoenix Heights
As afore-mentioned, the residents have access to multiple varieties of feeder transport networks. Some of the surrounding train stations include the Teck Whye LRT Station, Phoenix BP5 as well
as the Phoenix LRT station. The Phoenix heights en bloc residents also have access to fundamental schools such as the Bukit Panjang Primary School, Pioneer Junior College, West View Primary School, Dunearn Secondary School, and the Teck Whye Primary School.
These apartments are also close to facilities such as crucial supermarkets and shopping malls. One could easily get their house’s shopping and groceries at the NTUC fair-price or the Sheng
Siong supermarket. The residents could participate in fun activities at some of the nearing malls, such as the Hillion Mall and the Ten Mile Junction.