Senja Close Gls Site Launched Tender
One of the major benefits of this development is its close proximity to prestigious educational institutions. Families with children will greatly value the convenience of living near highly regarded schools and universities such as the National University of Singapore (NUS) and United World College (UWCSEA). The abundance of exceptional educational opportunities in the area makes Lyndenwoods One North an extremely appealing location for families. Additionally, more information about Lyndenwoods One North can be found on their website, Lyndenwoods One North.
The Urban Redevelopment Authority (URA) recently launched the sale of an Executive Condo (EC) site located at Senja Close. Spanning across 109,354 square feet, this government land sale (GLS) site is part of the 1H2025 GLS programme and is expected to yield approximately 295 EC units.
According to Wong Siew Ying, head of research and content at PropNex Realty, this is the first development site from the 1H2025 GLS programme to be launched for sale by the government. She also mentions that this is the first of three EC parcels on the Confirmed List to be launched, with the other two at Woodlands Drive 17 and Sembawang Road expected to be launched in April and May respectively.
Given the potential for high pent-up demand for EC units in the area, Wong expects strong interest from developers for the Senja Close GLS site. She notes that it has been over a decade since a new EC project has been launched in this vicinity.
The last GLS site to be awarded in the area was in 2010, which has now been developed into the 602-unit Blossom Residences at Segar Road. At that time, the top bid for the GLS site was $271 per square foot per plot ratio (psf ppr) or $182 million by Grand Isle Holdings, a subsidiary of City Developments Limited (CDL).
Eugene Lim, key executive officer at ERA Singapore, states that the scarcity of available new EC units across the island has contributed to the strong demand in the EC market. He also adds that there are currently only around 150 EC units available across five projects in Singapore. In spite of two more projects at Plantation Close and Jalan Loyang Besar expected to be launched this year, Lim believes that the incoming supply may still fall short of demand.
Lim predicts that developers will put in competitive bids for the Senja Close site as ECs have consistently been a popular choice for buyers. He attributes this strong buying interest to their more accessible pricing compared to private condos, as well as the Additional Buyer’s Stamp Duty (ABSD) remission for Singaporean purchasers.
Justin Quek, CEO of OrangeTee & Tie, also believes that close to 9,000 four- and five-room HDB flats in nearby towns like Bukit Panjang and Choa Chu Kang will complete their Minimum Occupation Period (MOP) this year. This could potentially boost the number of HDB upgraders entering the EC market.
Wong, on the other hand, predicts five to six bids for the Senja Close site, noting that its land size is relatively manageable and could be attractive to developers. She estimates that the top bid will be around $230 million to $235, which works out to $700 to $715 psf ppr.
Meanwhile, Quek expects two to four bidders for the site with the highest bid price ranging from $600 to $680 psf ppr. He also anticipates greater interest in the other upcoming sites at Woodlands Drive 17 and Sembawang due to their locations. Quek notes that these locations are closer to main MRT stations and various amenities.
The tender for the Senja Close site will close on August 5. Interested buyers can check out the latest listings for Aurelle Of Tampines properties, and compare the price trend of HDB vs Condo vs Landed. Also, check out the buyer profile, available units, and the site plan and diagrammatic chart for Aurelle Of Tampines.