The property is a 999-year leasehold development with the lease period starting from 1886. This long-term tenure provides a level of ownership security comparable to freehold properties in Singapore.

The most recent transaction was recorded on 1 January 2025 for a 4,628 square foot unit at a price of $3,300,000. This transaction reflects a unit rate of $713 psf.

Based on recorded data, units at Phillips Residence range from 4,080 square feet to 4,628 square feet. All transacted units are categorized as strata semi-detached houses.

In 2020, two units transacted at $490 psf and $510 psf respectively. By January 2025, the transacted rate increased to $713 psf, marking a rise in the price floor for the development.

The median price for Phillips Residence is $2,080,000 according to the transaction history. The overall median unit rate for the project is $509.864 psf.

There have been three transactions recorded in the current data set. These occurred in February 2020, July 2020, and January 2025, with prices ranging from $2,018,000 to $3,300,000.