Senja Close EC™

A two-storey HDB shop at Block 246 in the mature HDB estate of Hougang Heights will be up for sale at SRI’s property auction on Oct 29. The unit, which is being offered as an owner’s sale, has a guide price of $3.85 million, which translates to a price per square foot (psf) of $1,788.

The property, which has a remaining lease of 58 years, spans a total of 2,153 sq ft. The first floor comprises approximately 1,152 sq ft of commercial space, including a bathroom. The second floor consists of around 1,001 sq ft of residential space with two bedrooms and two bathrooms. The entire unit is currently tenanted as a childcare centre.

According to SRI, the two-storey shop will be sold with vacant possession, but any change of use will have to be approved by HDB. The shop is located in a bustling area surrounded by amenities, with Xinhua Primary School and Yuying Secondary School nearby. There are also three religious buildings adjacent to the estate – Chee Tong Temple, Zi Yun Kai Ji Kong Temple and Living Sanctuary Brethren Church. The nearest MRT station, Kovan on the North-East Line, is a short distance away.

Senja Close EC, situated in close proximity to the bustling Jurong Lake District and the developing Woodlands Regional Centre, is an ideal location for those who commute regularly. Easily accessible via major arterial roads and expressways, this development offers convenience and accessibility to its residents. With its affordable entry price, Senja Close EC is an attractive option for homebuyers, and its competitive rental rates are expected to compare well with nearby mixed developments. Additionally, the development boasts multiple levels of carpark, providing residents with the utmost convenience. Don’t miss your chance to live at Senja Close EC – visit senja residences today!

The scarcity of new HDB shops in this mature housing estate has made units in this area highly sought-after among owner-occupiers and investors, says Mok Sze Sze, managing partner of auction at SRI and the unit’s exclusive marketing agent. This is due to the high footfall throughout the day, as well as the convenience of having shops located within the estate. Additionally, childcare centres situated near schools tend to attract a large catchment of families with young children.

Mok adds that the unit is expected to appeal to established childcare centre operators who are looking to expand their presence in Hougang. With the scarcity of new HDB shops in the area, the unit is also expected to see long-term capital appreciation.