Set in the heart of Bukit Panjang, Senja Close EC is poised to become a standout development, offering a mix of accessibility, modern amenities, and long-term investment potential.
With its inclusion in the 1H 2025 Confirmed List under the Government Land Sales (GLS) programme, it presents an exciting opportunity for homebuyers and investors.
Development Highlights
Strategic Location
- Situated in District 23, a well-established residential area.
- Within walking distance of Jelapang LRT station and near the Senja Hawker Centre, ensuring convenience for daily commuting and dining.
Site Details
- Land Area: 10,159.2 square meters.
- Gross Floor Area: 30,478 square meters.
- Building Height: Maximum of 150–153 meters.
- Expected Yield: Approximately 295–300 residential units.
Project Timeline
- Previously listed in the 2H 2024 Reserve List.
- Confirmed for the 1H 2025 GLS programme alongside other sites in Woodlands Drive 17 and Sembawang Road.
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Connectivity and Accessibility
Senja Close EC boasts excellent connectivity, making it ideal for families and working professionals.
Public Transport
- Easy access to Bukit Panjang MRT station (Downtown Line) and Bukit Panjang LRT station.
- Multiple bus services, including routes 961, 960, and 963, ensure hassle-free travel.
Road Connectivity
- Conveniently linked to major expressways, including:
- Bukit Timah Expressway (BKE)
- Pan Island Expressway (PIE)
- Kranji Expressway (KJE)
Proximity to Amenities
Senja Close EC offers a wide range of amenities to meet the needs of its residents.
Shopping & Retail
- Bukit Panjang Plaza: Perfect for everyday needs.
- Hillion Mall: Offers entertainment and retail therapy.
- Junction 10 Mall: A nearby hub for dining and lifestyle options.
Education
Families with school-going children will appreciate proximity to reputable institutions, including:
- Greenridge Primary School
- Beacon Primary School
- Pioneer Junior College
Recreational Facilities
- Surrounded by parks such as Bukit Timah Nature Reserve and Bukit Panjang Park, offering outdoor activities for all ages.
Market Position and Value Potential
Senja Close EC is well-positioned in the current market, with pricing and investment potential that appeals to discerning buyers.
Pricing
- Estimated launch prices of approximately $1,600 psf, aligning with recent Executive Condominium benchmarks.
- Roughly 25-30% more affordable than private condominiums in the area.
Value Growth
- Executive Condominium prices have nearly doubled over the past decade, reflecting strong demand.
- Recent EC launches achieved 70% sales within the first month, showing continued buyer interest.
Investment Indicators Table
Factor | Details |
---|---|
Expected Yield | 295–300 units |
Average Resale Profits | $300,000 per unit (on average) |
Privatization Timeline | 10 years |
Pricing Advantage | 25–30% lower than private condos |
Growth Drivers | No ethnic quota or subsidy recovery restrictions. |
Financial Benefits for Buyers
Senja Close EC provides financial flexibility and support, making it attractive for first-time buyers and HDB upgraders.
- CPF Housing Grants: Available for eligible buyers.
- Deferred Payment Scheme: Requires only 20% downpayment, easing financial pressure.
- No ABSD: HDB upgraders benefit from exemption, simplifying transitions.
- Bridging Loan Options: Available for existing HDB owners.
Senja Close EC represents a golden opportunity to own a home in a sought-after location with promising growth potential. Its balance of accessibility, amenities, and investment value ensures lasting appeal for both buyers and investors.