[SINGAPORE] The Housing and Development Board (HDB) on Friday (Mar 21) launched an executive condominium (EC) site in the Bukit Panjang area for tender.
The land parcel in Senja Close has a 99-year lease tenure and can potentially yield around 295 residential units.
The site measures 10,159.2 square metres (sq m), and has a maximum gross floor area (GFA) of 30,478 sq m and a gross plot ratio of 3.0. At least 500 sq m of its GFA has to be set aside for an early childhood development centre that can take in up to 100 children.
HDB added in its tender documents that the EC should be “designed sensitively” to minimise potential disamenities from a proposed Chinese temple nearby; for example, the architectural design could minimise the number of units with windows facing the temple, or create buffers in the form of car parks.
The Senja Close site comes under the government land sales (GLS) programme’s confirmed list for the first half of 2025. Sites on the confirmed list are scheduled for sale on pre-determined dates, with most of these land parcels sold through tenders. This latest tender closes at noon on Aug 5, 2025.
In total, 5,030 private housing units will be released in the first half of 2025 under the GLS programme, similar to the 5,050 units from the supply of land on the confirmed list in H2 2024.
Of the 5,030 units, some 980 are ECs across three sites: the Senja Close site, as well as one in Sembawang Road and another in Woodlands Drive 17.
Analysts anticipate strong interest in the Senja Close site, given the pent-up demand for new ECs and calls for HDB upgrading in the area.
For instance, ERA Singapore key executive officer Eugene Lim noted that the last four EC launches had take-up rates of more than 50 per cent. “These figures could be even higher if not for the second-timer quota of 30 per cent at launch.”
This could mean up to seven bids at the tender’s close, with a land rate of S$700 to S$715 per square foot per plot ratio.
But Mogul.sg chief research officer Nicholas Mak believes some developers may “keep their powder dry” for other GLS sites which are closer to the city or an MRT station.
Credit: The Business Times
