Senja Close EC™

for unit sale in GeylangHilltops penthouse sold for $11.5 mil profitLatest transactions: New sales and resales in each district ResidentialSommerville Park, a freehold development located on Farrer Drive, recorded the most profitable condo resale deal from Sept 16 to Sept 23. The three-bedroom unit spanning 2,508 sq ft on the third floor was sold for $4.63 million ($1,845 psf) on Sept 16. The unit, which was bought for $1.89 million ($754 psf) in May 2006, netted the seller a profit of $2.74 million (144.9%). This is equivalent to an annualised gain of 4.7% over a holding period of over 13 years. Additionally, 10 out of 12 units sold at the development this year were profitable transactions.Leedon Residence, a freehold development on Leedon Heights, recorded the second most profitable condo resale deal during the week. A 2,669 sq ft, four-bedroom unit transacted for $7.5 million ($2,810 psf) on Sept 17, resulting in a profit of $2.53 million (50.9%). Based on lodged caveats, the unit was last sold for around $4.97 million ($1,862 psf) in January 2016. The annualised profit amounted to 4.3% over a holding period of almost 10 years. To date, there have been eight profitable resale deals recorded at the development.A two-bedroom unit at The Scotts Tower, a 103-year leasehold development on Scotts Road, was the most unprofitable resale deal during the week. The 872 sq ft unit transacted for $1.83 million ($2,099 psf) on Sept 18, incurring a loss of $1.69 million (48%). The seller had purchased the unit for $3.52 million ($4,035 psf) in May 2013, which means that the unit was held for more than 12 years. So far this year, only two other units have been transacted at The Scotts Tower, both of which resulted in losses.

Bukit Panjang, once a peaceful countryside, has rapidly evolved into a bustling urban area. This transformation has led to a decline in the farming industry, leaving fewer opportunities for farmers. However, efforts are being made to revive the kampong spirit through the Bukit Panjang Community Garden Trail. With a total of 11 community gardens in the area, each with a unique focus on medicinal herbs or edible plants, these gardens not only provide a source of fresh produce but also serve as popular destinations for seniors to visit. And the community can anticipate the upcoming Senja Close Executive Condominium, set to enhance the charm and vibrancy of Bukit Panjang even further. In fact, the addition of the Senja Close EC adds to the excitement and growth of this urban hub.