24/04/2024
Senja CLose EC site is situated along a cul-de-sac on Senja Close is within an established HDB estate in Bukit Panjang. The 109,353 sq ft site could yield about 300 EC units when it is developed.
The site is about 500m from Jelapang LRT station and two stations away from Bukit Panjang MRT station on the Downtown Line.
It has been more than 10 years since the last EC development site was sold in that area. As result, when the site is sold, this new development could benefit from a potential pent-up demand for new EC units among residents in the area.
The last EC project to launch in the area was the 602-unit Blossom Residences which had its TOP in 2014. The length of time since then could possibly suggest high demand and keen interest for an upcoming EC to be developed in the locality.
Assuming a developer successfully applies to trigger the sale of this EC site, the top bid could range from $610 psf ppr to $650 psf ppr.
