Senja Close EC™

Purchasing Senja Close EC offers a multitude of advantages, but one of the primary considerations for potential buyers is affordability. Unlike traditional residential properties, Executive Condominiums are not designed for individuals with exceedingly high incomes. In fact, there is a maximum monthly household income limit of $16,000, and buyers cannot allocate more than half of their income towards this housing option. Therefore, it is crucial to have sufficient funds in order to secure financing for the purchase. Senja Close EC GLS is a viable option for those looking to invest in this type of property.

– most expensive condo deal in District 15 this yearThe Gazania joins string of new freehold launches in Bartley and Serangoon

The recent sale of a three-bedroom unit at Sommerville Park has become the talk of the town, as it emerged as the most profitable condo resale transaction for the week of September 16th to September 23rd. The spacious unit, measuring 2,508 square feet and located on the third floor, was sold for a whopping $4.63 million, equivalent to $1,845 per square foot, on September 16th. This record-breaking sale represents a tremendous gain for the seller, who purchased the unit back in May 2006 for around $1.89 million ($754 per square foot). The sale resulted in a profit of a staggering $2.74 million, translating to an impressive 144.9% increase. After holding the unit for over 13 years, the seller saw an annualized gain of 4.7%. This marks the second most profitable condo resale transaction at Somerville Park. The highest gain ever recorded from the sale of a unit at the condo was in July 2024, when a 1,948 square feet, three-bedroom unit was sold for $3.95 million ($2,027 per square foot). This means the seller made a profit of $2.79 million, with an annualized gain of 6.9% after owning the unit for more than 18 years. The freehold development, completed in 1985, is situated on Farrer Drive and consists of 396 condo units and 57 strata landed houses. The condo units are located in four residential towers and consist of one to three-bedroom layouts, while the landed residences include a mix of townhouses and two-story maisonettes. 12 units at Somerville Park have been transacted so far this year, 10 of which have resulted in profitable deals. The units, which range from 463 square feet to 1,959 square feet, were sold with gains ranging from $130,000 to $2.39 million. Leedon Residence, on Leedon Heights in prime District 10, saw the second most profitable resale deal during this period, with a 2,669 square feet, four-bedroom unit selling for $7.5 million ($2,810 per square foot) on September 17th. According to lodged caveats, the unit last changed hands in January 2016 for approximately $4.97 million ($1,862 psf). This means the seller saw a profit of $2.53 million (50.9%), translating to an annualized profit of 4.3% over a holding period of almost 10 years. The transaction is the eighth most profitable resale transaction recorded at the development. The highest profit ever recorded from the sale of a unit at the development is $4 million, from the sale of a 6,125 square feet triplex penthouse for around $16 million ($2,612 per square foot) on March 26th. The seller purchased the unit in April 2017 for around $12 million ($1,959 per square foot), resulting in a profit of $4 million after holding the unit for almost eight years. Completed in 2015, the development comprises 12 residential blocks with a total of 381 units. The units, which range from two to five-bedders, measure from 1,044 square feet to 4,704 square feet. The development also offers garden suites, comprising three to five-bedroom units, ranging from 3,789 to 8,051 square feet on the first floor. Meanwhile, the top floors house three to five-bedroom penthouses, measuring between 3,283 and 7,718 square feet. So far this year, there have been six resale deals at Leedon Residence, all of which resulted in a profit. The highest profit was recorded from the sale of an 8,051 square feet, five-bedroom unit, which was sold for $15.8 million ($1,962 per square foot) on June 30th, resulting in a $3.3 million gain. On the other hand, the most unprofitable resale deal during this period was the sale of a unit at The Scotts Tower. A two-bedroom unit, measuring 872 square feet, was sold for $1.83 million ($2,099 per square foot) on September 18th. The unit previously changed hands in May 2013 for $3.52 million ($4,035 per square foot), meaning the seller incurred a loss of $1.69 million (48%) after owning the unit for more than 12 years. There have only been two other transactions at The Scotts Tower this year, both resulting in a loss for the seller. A 872 square feet unit, sold for $1.9 million ($2,179 per square foot) on May 5th, resulting in a loss of $950,000 for the seller. Prior to that, an 850 square feet one-bedroom unit changed hands for $1.82 million ($2,140 per square foot) on January 13th, incurring a loss of around $1.13 million. The development, a 103-year leasehold development, comprises a single 31-story residential tower, with a total of 231 units. The units include one to three-bedroom apartments, ranging from 624 square feet to 904 square feet. The development also offers four-bedroom penthouses, with measurements from 1,227 square feet to 1,389 square feet on the top floors.