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Home/District 23 - Bukit Batok, Bukit Panjang/PHOENIX HEIGHTS

PHOENIX HEIGHTS

District 23OCRFreeholdPropertyGuru

Project Details

Address
PHOENIX GARDEN
Property Type
Semi-detached
Total Units
N/A
Est. TOP
N/A
Tenure
Freehold
Price by Bedroom (median, 3yr)
5-Bed*
$6,800,000
4 txns
* Bedroom count estimated from floor area (this project is not catalogued on EdgeProp.sg).
Median PSF (3yr)
$1916
4 transactions
Lease too short to normalize meaningfully (under 40yr remaining).

About this number

Normalized PSF uses Bala's Table - the Singapore Land Authority differential premium reference for valuing leasehold against freehold. Bala values a fresh 99-year lease at 96% of freehold; the curve drops non-linearly, reaching ~75% at 50 years remaining and ~60% at 30 years.

Below 40 years remaining we stop normalizing because the curve diverges from market reality once CPF withdrawal restrictions and bank LTV cliffs dominate.

A separate 5% adjustment applies to projects whose lease commenced before 2023, reflecting the older strata-area measurement convention (which counted air-con ledges and bay windows).

Source: Singapore Land Authority differential premium reference (Bala's Table).

Investment Signals

Could not load schools, MRT, and supply data right now.

PSF Trend

Transaction prices per square foot

More projects in District 23 - Bukit Batok, Bukit Panjang ->
Last 3 years
  • PHOENIX HEIGHTSOCR
    Sep 2025 · D23 · 5-Bed* · 3,228 sqft · fl -
    $6,800,000
    $2,107 psf
    — norm
    Resale
  • PHOENIX HEIGHTSOCR
    May 2025 · D23 · 5-Bed* · 1,801 sqft · fl -
    $3,450,000
    $1,916 psf
    — norm
    Resale
  • PHOENIX HEIGHTSOCR
    Dec 2024 · D23 · 5-Bed* · 6,253 sqft · fl -
    $7,300,000
    $1,167 psf
    — norm
    Resale
  • PHOENIX HEIGHTSOCR
    Sep 2024 · D23 · 5-Bed* · 3,041 sqft · fl -
    $4,080,000
    $1,342 psf
    — norm
    Resale
ProjectDistRegionBedFloorAreaPricePSF99yr NormDateType
PHOENIX HEIGHTS23OCR5*-3,228$6,800,000$2,107—Sep 2025Resale
PHOENIX HEIGHTS23OCR5*-1,801$3,450,000$1,916—May 2025Resale
PHOENIX HEIGHTS23OCR5*-6,253$7,300,000$1,167—Dec 2024Resale
PHOENIX HEIGHTS23OCR5*-3,041$4,080,000$1,342—Sep 2024Resale

Normalized via Bala's Table (SLA differential premium curve). Fresh 99yr lease ≈ 96% of freehold; below 40yr we don't normalize.