The Housing & Development Board (HDB) has just launched the tender for an Executive Condominium (EC) site at Senja Close under the Confirmed List of the 1H2025 Government Land Sales (GLS) programme. The site can yield an estimated 295 EC units.
This EC project in Bukit Panjang may be attractive to families, given the 1km proximity to various schools including Greenridge Primary School, West Spring Primary School, West View Primary School, West Spring Secondary School, and Zhenghua Secondary School. There will also be an early childhood development centre within the future EC project here. Residents’ shopping needs may also be easily met, as the project is just a short walk away from Senja Hawker Centre and Greenridge Shopping Centre. Jelapang LRT station will connect future residents to the main transport network, which is two stops away from Bukit Panjang MRT station on the Downtown Line.
With close to 9,000 4-room and 5-room flats having met their Minimum Occupation Period in the nearby HDB towns of Bukit Panjang and Choa Chu Kang from 2019 to 2021, there may be a strong pool of potential upgraders interested in this EC project. The continued growth of HDB resale prices may also spur flat owners to upgrade to a new home.
Moreover, there has not been an EC site launched for sale in Bukit Panjang since Blossom Residences in 2011, which may contribute to pent-up demand for an EC here. Hence, developers may show interest in this site as there may potentially be strong demand from buyers.
This EC site is not as well-situated as the other upcoming sites at Woodlands Drive 17 and Sembawang Road, which are part of the 1H2025 GLS programme. These locations are closer to the main MRT stations and various amenities. As a result, we may see greater interest in those sites due to their better location.
We anticipate 2 to 4 bidders for this EC site at a highest bid price of S$600 to S$680 psf ppr.