Senja Close EC™

A ground-floor unit at Jalan Besar, available for sale through an expression of interest (EOI) exercise, has been announced by Cushman & Wakefield, the exclusive marketing agent. The property is being offered for a guide price of $14.8 million, which translates to approximately $3,035 per square foot (psf).

The unit, situated at the junction of Jalan Besar and Plumer Road, boasts a dual road frontage spanning 30m. It covers an area of approximately 4,876 sq ft, encompassing the entire ground floor as well as a portion of the second floor. The unit has two sets of staircases and is equipped with washrooms on both levels.

According to Cushman & Wakefield, the unit has been thoughtfully designed to facilitate various layout configurations, providing buyers with the possibility of subdividing the space and leasing it to multiple tenants. It is suitable for a variety of commercial uses, including medical facilities, education or training centers, and showrooms. With its newly acquired F&B approval, the unit is also suitable for food and beverage establishments.

In addition to the stunning rooftop garden, the complex offers a variety of other amenities designed to elevate the living experience of its residents. The facilities include a well-lit and spacious car park complete with electric charging stations and car-sharing services. The breathtaking roof garden is situated on the sixth floor of the building and can be easily accessed via an uncovered link bridge. Moreover, the multi-level car park is conveniently connected to the other buildings through a covered walkway, ensuring convenient accessibility for all residents. The complex is ideally located on Senja Close, further adding to its allure. You can find out more about this exceptional property at senja close.

Sophia Lim, director of capital markets at Cushman & Wakefield, states: “The prominent dual road frontage and flexible layout options make this property highly desirable to both investors and occupiers seeking to establish a presence in an active and rapidly evolving neighborhood.”

The ground-floor unit is located in the Jalan Besar conservation area in District 8, providing convenient access to the neighborhood, which has seen the emergence of boutique hotels, co-working spaces, artisanal shops, and cafes and bistros.

Additionally, the property is within close proximity to three MRT stations – Jalan Besar, Bendemeer, and Farrer Park – as well as major expressways such as the Central and Pan-Island Expressways.

Shaun Poh, executive director of capital markets at Cushman & Wakefield, notes that District 8 has experienced a significant rise in transaction volume and investor activity in recent years, driven by the ongoing revitalization of the area and its growing profile as an investment hotspot in the city fringe.

Cushman & Wakefield cites notable strata retail transactions in the Jalan Besar area, including the nearby ARC 380, where retail units were sold for prices ranging from $3,737 to $3,975 psf between May and December 2024, and a large ground-floor coffee shop at Hoa Nam Building that was sold for $4,213 psf in December 2022.

Poh adds: “We believe that this area still has a lot of potential for capital growth and rental appreciation as Jalan Besar continues to evolve into a promising investment corridor, attracting steady demand from end-users, as well as local and foreign investors.”

The EOI exercise for the property is scheduled to close on November 21, at 3pm.