Phoenix Residences Condo Prices, Units Sold & Analysis (D23)

Gallery

Artist impressions and marketing images are supplied by the developer and compiled by PropertyInsider.sg. They are indicative only, may show upgraded finishes or landscaping that is not part of the standard specification, and are not a representation of the completed development. Verify the specification against the developer’s sales documents.

Overview

Phoenix Residences is a 74-unit 99-year leasehold condominium in D23 (OCR, West region), developed by USB (Phoenix) Pte Ltd (OKP Holdings), with TOP expected in 2024. The land was secured through a collective sale in August 2018 at $720 psf ppr.

The site sits about 0.38 km in a straight line from Phoenix (BP5), roughly 6 minutes on foot. Matched developer-sale transactions put take-up at 99% — 73 of 74 units, at an average of $1,552 psf.

This overview is generated from PropertyInsider.sg’s tracked record for this project — URA tender data, matched caveat transactions and public filings — not from developer marketing material. Figures as at 20 Oct 2026. Anything marked (est.) is our estimate and is explained where it appears.

Details

The full tracked record for Phoenix Residences, grouped by what it tells you. Every figure here is repeated in context further down the page, with its source and its caveats.

The project

Property type: Condo
Status: Selling
Developer: USB (Phoenix) Pte Ltd (OKP Holdings)
Tenure: 99 years
Total units: 74
Bedroom mix: 1, 2, 3 bedroom
Size range: 560 - 1,367 sqft (52 - 127 sqm)
Expected TOP: 2024

Prices and sales

Average psf: $1,552Transacted, developer sales
Entry price: $853,810Smallest layout, lowest transacted quantum
Units sold: 99%73 of 74, 1 available
HDB upgraders: 54.8%Of matched buyers with a prior HDB address

Land and cost

Land cost: $720 psf pprCollective sale, August 2018
Plot ratio: 1.4

Location

District: D23, OCR, West
Nearest LRT: Phoenix BP50.38 km in a straight line, ~6 min walk
Coordinates: 1.37528, 103.75752

Compiled by PropertyInsider.sg from URA tender records, matched caveat transactions and public filings; last refreshed 20 Oct 2026. Values marked (est.) are our estimates — the launch-price method is set out in our pricing methodology.

Estimated launch pricing

Estimates are anchored on the site's estimated breakeven rate and a measured developer margin band; developers make final pricing decisions. Indicative quantums apply the estimated psf range to typical unit sizes — not a price list.

Location and connectivity

Where Phoenix Residences sits on the map, with its district, market segment and nearest station on the rail network. The nearest LRT station is Phoenix (BP5), about 0.38 km away in a straight line, roughly 6 minutes on foot. The dashed rings on the map mark straight-line 1 km and 2 km radii from the site.

Phoenix Residences is located at 1.37528, 103.75752 in D23, Singapore. The interactive map loads when this section comes into view.

District: D23 · West · OCR
Nearest LRT: Phoenix BP50.38 km in a straight line, ~6 min walk
Coordinates: 1.37528, 103.75752
Tenure: 99 years
Site status: Selling

Open this location in Google Maps·Every tracked launch on one map·Primary schools map

The marker is an approximate site centroid compiled by PropertyInsider.sg, not a surveyed boundary. Station distances are straight-line, measured from the site centroid to the midpoint of a station’s published exits (LTA MRT/LRT exits dataset) — not the distance to the nearest exit, and not a walking route. Walking times are an estimate only and are omitted beyond 2 km. Base map tiles are © OneMap / Singapore Land Authority. Verify exact addresses, boundaries and journey times with the developer or on OneMap.

What is nearby

Stations, schools, shops, food, green space, healthcare and the main employment areas around this address, grouped by type. Each place shows an estimated road distance, an off-peak drive time and, within 2 km, a walk.

MRT and LRT stations4 places

Place	By road	Drive	Walk
Phoenix LRTBP5 · Bukit Panjang LRT	0.5 km	—	6 min
Teck Whye LRTBP4 · Bukit Panjang LRT	0.6 km	—	7 min
Bukit Panjang MRTDT1 · Downtown Line	0.9 km	—	10 min
Cashew MRTDT2 · Downtown Line	1.3 km	3 min	14 min

Schools11 places

Place	By road	Drive	Walk
West View Primary SchoolPrimary school, p1 vacancies available	1.3 km	3 min	15 min
Teck Whye Primary SchoolPrimary school, p1 vacancies available	1.4 km	3 min	16 min
Bukit Panjang Primary SchoolPrimary school, very high P1 demand	1.8 km	4 min	20 min
South View Primary SchoolPrimary school, very high P1 demand	1.8 km	4 min	20 min
Zhenghua Primary SchoolPrimary school, moderate P1 demand	1.9 km	4 min	21 min
Greenridge Secondary SchoolSecondary	1.0 km	—	11 min
Chua Chu Kang Secondary SchoolSecondary	1.3 km	3 min	14 min
Jurong Pioneer Junior CollegeJunior college	1.4 km	3 min	16 min
The Perse School SingaporeInternational school	2.2 km	5 min	25 min
St Francis Methodist SchoolInternational school	2.6 km	6 min	29 min
Singapore University of Social SciencesAutonomous university nearest, beyond 3 km	7.5 km	16 min	—

Shopping malls4 places

Place	By road	Drive	Walk
Junction 10Shopping mall	0.9 km	—	10 min
Hillion MallShopping mall	0.9 km	—	10 min
Teck Whye Shopping CentreShopping mall (location approximate)	1.0 km	—	12 min
Bukit Panjang PlazaShopping mall	1.2 km	3 min	14 min

Hawker centres2 places

Place	By road	Drive	Walk
Senja Hawker CentreHawker centre · 28 cooked-food stalls	1.9 km	4 min	21 min
Bukit Panjang Hawker CentreHawker centre · 28 cooked-food stalls	2.3 km	5 min	25 min

Parks and nature3 places

Place	By road	Drive	Walk
Western Adventure LoopPark Connector loop	2.1 km	4 min	23 min
Choa Chu Kang ParkPark · 10 ha	2.3 km	5 min	26 min
Bukit Batok Town ParkPark · 42 ha	2.7 km	6 min	30 min

Sports and community clubs3 places

Place	By road	Drive	Walk
Chua Chu Kang CCCommunity club	1.2 km	3 min	14 min
Senja-Cashew CCCommunity club	1.4 km	3 min	16 min
Senja-Cashew Sport CentreActiveSG sport centre	1.4 km	3 min	16 min

Healthcare2 places

Place	By road	Drive	Walk
Bukit Panjang PolyclinicPublic polyclinic · National University Polyclinics	1.2 km	3 min	13 min
Choa Chu Kang PolyclinicPublic polyclinic · National University Polyclinics	1.5 km	3 min	16 min

Workplaces3 places

Place	By road	Drive	Walk
Jurong Lake DistrictRegional commercial centre	5–10 km	10–20 min	—
International Business ParkBusiness and innovation park	5–10 km	10–20 min	—
Raffles PlaceCentral business district	Over 15 km	30 min or more	—

Road distances and drive times are estimates: the straight line from the site centroid to each place, with a 1.35× allowance for the road network, driven at an average 28 km/h. That is off-peak driving, not a routed journey, with no allowance for traffic, one-way roads or parking; drive times under 800 m are left out. Walks assume 80 m/min with a 1.2× routing allowance and are left out past 2 km. Each place is one representative point, so a park or a business district is not measured to its nearest entrance, and workplaces are shown as a band. Sources: NEA, NParks, SportSG, People’s Association, MOE, MOH and URA/JTC, compiled by PropertyInsider.sg; primary schools from our schools dataset and rail from the LTA exits dataset. Check journeys you rely on with OneMap. Primary-school admission uses the straight-line home-school distance, shown in the schools section below.

Bedroom types and unit prices

Matched developer-sale transactions by bedroom type: average price, average psf, transacted price range, size range and units sold. Entry prices usually reflect lower floors or less ideal facings.

Type	Avg price	Avg psf	Transacted range	Size range	Units sold
1 Bedroom	—	$1,512	$853,810 – $868,980	—	—
2 Bedroom	—	$1,601	$900,000 – $1.38M	—	—
3 Bedroom	—	$1,545	$1.49M – $2.35M	—	—

Figures from matched transactions as at 20 Oct 2026. Averages vary by floor, stack, facing and size — ranges matter more than any single number.

Site map

Site plans are developer marketing material compiled by PropertyInsider.sg. Block positions, unit counts, facing and facility placement are indicative and can change between the marketing plan and the approved building plan. Confirm against the developer’s sales documents and the approved plans before relying on a stack, facing or distance.

Elevation chart

Elevation charts are developer marketing material compiled by PropertyInsider.sg. Stack numbering, floor counts and the unit type shown for each stack are indicative and can change before the approved building plan. Check any unit against the developer’s sales documents and price list.

Floor plans

Floor plans are developer marketing material compiled by PropertyInsider.sg. They are not to scale, and layouts, areas and fittings are indicative and subject to change and to the approved building plan. Plan names follow the developer’s own labels. Confirm the strata area and layout of a specific unit in the sales brochure before relying on it.

Virtual tours

Virtual tours are produced for the developer and hosted on third-party sites outside PropertyInsider.sg, which does not control their content. Showflat units usually carry upgraded finishes, loose furniture and decor that are not part of the standard specification, and some tours show a model rather than a built unit.

Tower view — what is still available

Latest transactions

Date	Unit	Type	Size	Price	Price psf

How D23 resales have performed

Capital appreciation context for Phoenix Residences: what sellers of completed condos in the same district actually realised on 14,559 matched buy-and-sell pairs (March 1995 to October 2026), including the 20.2% that sold at a loss.

Read this first: these are completed matched exits, profitable and unprofitable, over March 1995 to October 2026. A median describes what the middle seller realised — never the probability that any particular purchase will do the same. Note also that an owner sitting on a paper loss can decline to sell, so the true loss rate across all purchases is higher than the 20.2% recorded on completed sales here.

Median annualised return

2.2% p.a.

all 14,559 exits in district D23, winners and losers; 79.8% made money

OCR segment median

3.2% p.a.

87,845 exits island-wide, 87.8% profitable

D23 resalesOCR resales, all districtsPhoenix Residences, average new-sale psf to date

Resale lines: median exit psf of all matched resales, profitable and not, from 2010, smoothed as a 4-quarter moving average. Quarters with fewer than 5 exits carry no point. Phoenix Residences: average developer-sale psf to date; no dated sales record is on file, so it is marked at the latest quarter. A new launch is priced against resale stock that is older and on a shorter remaining lease, so compare direction and the size of the gap, not the levels alone. Source: URA caveat data, matched pairs.

What past projects here returned

Completed condos in D23 with at least 20 matched exits — the closest historical read on what this location has delivered. Ranked by median annualised return across every exit, not only the profitable ones.

5.0% p.a.middle of the 10 mapped, all exits4.1–8.2%slowest to fastest of the 10$517kmiddle project’s median gain, gross$1,424 psftheir middle average resale psf$1,552 psfthis launch, average transacted

Map of the 10 projects ranked below. Each pin is labelled with that project’s median annualised return.

Pin colour:6–10% a year3.2–6% (at or above the island median)This launch

Project	TOP	Exits	Profitable	Median ann. return	Median hold	Median gain	Avg psf
Wandervale	2018	133	100.0%	8.2% p.a.	7.6y	$671k	$1,481
Inz Residence	2019	155	100.0%	8.0% p.a.	7.5y	$647k	$1,426
Sol Acres	2018	579	100.0%	8.0% p.a.	7.2y	$487k	$1,458
The Quintet	2006	67	100.0%	5.3% p.a.	18.5y	$815k	$1,041
Mi Casa	2012	317	99.1%	5.0% p.a.	5.5y	$252k	$1,366
The Rainforest	2015	99	99.0%	5.0% p.a.	12.0y	$637k	$1,421
The Jade	2004	284	90.1%	4.6% p.a.	8.1y	$422k	$1,497
Blossom Residences	2014	147	100.0%	4.5% p.a.	12.3y	$547k	$1,251
Hillview Regency	2006	632	94.9%	4.2% p.a.	9.0y	$310k	$1,292
Tree House	2013	314	98.4%	4.1% p.a.	8.1y	$307k	$1,711

Projects in the same district with at least 20 matched exits, ranked by median annualised return across every exit — profitable and not. Median gain is gross, before stamp duties, legal and agent fees, mortgage interest and renovation. Realised outcomes of past projects are context, not a prediction for this launch. Full dataset: resale exit dashboard.

Land cost versus comparable sites

What the developer paid for this site, ranked against the sites most like it — same market segment and planning region where we have enough of them, widening only if we do not. Land is the largest single input into a launch price and it is fixed two to three years before the show flat opens. Every tracked site sits on the land cost tracker.

Primary schools within 1km and 2km

MOE primary schools within a straight-line 1km and 2km of this project, with each school's P1 demand tier and phase-by-phase oversubscription ratios from the last completed registration exercise. An address inside a school's 1km band ranks highest whenever that school ballots. Explore every school on the primary schools map.

Map of Phoenix Residences and the 10 primary school(s) inside its straight-line 1km and 2km rings. It loads when this section scrolls into view; every school is listed below with its distance.

Primary school1km ring2km ring

West View Primary School≤1km0.99 km (est.)≈ 15 min walkVacancies available · 2026 P1

2A 1.00×2B 0.00×2C 0.58×2C(S) 0.32×

Teck Whye Primary School1–2km1.04 km (est.)≈ 16 min walkVacancies available · 2026 P1

2A 0.17×2B 0.00×2C 0.18×2C(S) 0.18×

Bukit Panjang Primary School1–2km1.33 km (est.)≈ 20 min walkVery high demand · 2026 P1

2A 1.00×2B 0.95×2C 1.88× • ballot SC <1km2C(S) —

South View Primary School1–2km1.34 km (est.)≈ 20 min walkVery high demand · 2026 P1

2A 1.62× • ballot SC <1km2B 0.90×2C 2.39× • ballot SC <1km2C(S) —

Zhenghua Primary School1–2km1.39 km (est.)≈ 21 min walkModerate demand · 2026 P1

2A 1.23× • ballot SC <1km2B 0.00×2C 0.98×2C(S) 2.00× • ballot SC <1km

CHIJ Our Lady Queen of Peace1–2km1.48 km (est.)≈ 22 min walkVacancies available · 2026 P1Girls'

2A 0.11×2B 0.12×2C 0.58×2C(S) 0.56×

St. Anthony's Primary School1–2km1.50 km (est.)≈ 22 min walkVery high demand · 2026 P1

2A 0.62×2B 1.42× • ballot SC >2km2C 1.74× • ballot SC <1km2C(S) —

Greenridge Primary School1–2km1.64 km (est.)≈ 25 min walkVacancies available · 2026 P1

2A 0.25×2B 0.00×2C 0.31×2C(S) 0.11×

Chua Chu Kang Primary School1–2km1.76 km (est.)≈ 26 min walkHigh demand · 2026 P1

2A 0.46×2B 0.40×2C 1.34× • ballot SC <1km2C(S) —

West Spring Primary School1–2km1.81 km (est.)≈ 27 min walkModerate demand · 2026 P1

2A 0.97×2B 0.05×2C 0.97×2C(S) 1.00×

Phase chips show applicants per place: 1.00× or under every applicant placed, 1.01–1.50× oversubscribed, above 1.50× heavily oversubscribed. Distances are straight-line estimates computed from project and school coordinates and shown to 2 decimal places — they are not the official home-school distance. Walking times use the same model as the nearby-places table above: 80 m/min with a 1.2× allowance for street routing, omitted beyond 2 km. For P1 registration, verify the exact 1km/2km status with the OneMap School Query tool, which applies MOE’s official measurement. No guarantee of accuracy; school demand tiers reflect the 2026 P1 exercise and can change year to year. The tier is read from Phase 2C alone — the round for children with no family link to the school, and the only one where home distance decides who gets in. Very high demand means the 2C ballot cut into citizens within 1km AND at least 1.5 applicants turned up per place. Full map and methodology: primary schools near new launches.