Senja Close EC™

This past weekend (Oct 18–19) saw the debut of two exclusive residential developments: Penrith (462 units) at Margaret Drive and Faber Residence (399 units) at Faber Walk, located in Clementi Avenue 6, off Jalan Lempeng. Joint developers Hong Leong Holdings, Hong Realty, and GuocoLand reported that as of 4pm on Oct 18, 447 units (97%) were sold at Penrith at an average price of over $2,800 psf. Similarly, Faber Residence, a joint venture between GuocoLand and Hong Leong Holdings, saw strong sales with 344 units (86%) being snapped up during the launch weekend at an average price of $2,160 psf. For the latest information about available units and prices at Faber Residence, please refer to the advertisement. Together, these two projects accounted for over 790 units sold during the Oct 18–19 weekend, an impressive result for the developers. According to residential director of GuocoLand, Dora Chng, the majority of buyers were Singaporeans and Permanent Residents, many of whom were owner-occupiers. She adds that the riverfront location, close proximity to established schools, and direct access to the Ulu Pandan Park Connector were key factors that attracted buyers. The launch of Faber Residence also marked the final Outside Central Region (OCR) project of 2025. CEO of PropNex, Kelvin Fong, believes that the strong sales reflect the resilience of the demand for mass-market housing in Singapore. He adds that the sensitive pricing and advantages of the location were instrumental in drawing buyers. With an average price of $2,160 psf, many buyers saw value in the development, says Fong. He notes that based on lodged caveats, the average price of new non-landed private homes in the OCR (excluding executive condos) has been around $2,275 psf this year. In terms of absolute price, two-bedroom units at Faber Residence started from $1.28 million while three-bedroom units began at around $1.57 million. According to Fong, these units fall into the sweet spot of under $2.5 million, which is a desirable price range for many households. He adds that all 80 two-bedroom units and 199 three-bedroom units were completely sold out. Head of Research and Data Analytics at SRI, Mohan Sandrasegeran, attributes the strong response to the competitive entry price, supported by favourable land costs. He notes that the developers bought the site for about $900 per square foot per plot ratio (ppr), which is significantly lower than other OCR plots such as Bayshore and Chuan Grove, which crossed the $1,300 psf ppr threshold. This enabled them to offer an attractive price point for buyers seeking value in a mature and well-connected estate. Read also: Penrith achieves 97% sales on launch day at an average price of over $2,800 psf Mark Yip, CEO of Huttons Asia, believes that the strong sales are no surprise considering that Faber Residence is the first new project in the Faber Hills area since 2014. He adds that it is likely the last plot of land offering waterfront living in Faber Hills. Yip also notes that market sentiment remains positive, driven by lower interest rates, improving economic conditions, and a steady pipeline of affordably priced launches. “The positive momentum in the property market has continued, driven by pent-up demand and ample liquidity,” he says. Source: SRI Research and Data Analytics Families were attracted to the development’s close proximity to Nan Hua Primary School, one of Singapore’s most sought-after schools, situated within 1km of the site. Yip notes that beyond Nan Hua, Clementi’s education belt, which spans from primary to tertiary institutions, means that families need not relocate as their children grow up. This family appeal is reflected in the buying trends, with compact two- and three-bedroom units being the most popular choices. Faber Residence also offers excellent connectivity, being within walking distance of the upcoming Jurong Town Hall MRT Station on the Jurong Region Line, and close to the Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE). Its proximity to Singapore’s second CBD means that it is well-positioned to benefit from the government’s long-term transformation of the Jurong Lake District. ERA Singapore’s CEO, Marcus Chu, adds that the location will appeal to professionals who value convenience and connectivity. The successful launch adds to a string of well-received OCR projects this year, indicating that buyer confidence has been renewed. According to SRI’s Sandrasegeran, 3,811 new private homes were sold in the first nine months of 2025, more than double the 1,952 units transacted in the same period last year. Read also: Penrith over 4.1 times subscribed ahead of weekend launch on Oct 18

This past weekend (Oct 18–19) marked the launch of two private residential projects: Penrith at Margaret Drive, consisting of 462 units, and Faber Residence at Faber Walk, with 399 units, situated off Jalan Lempeng in Clementi Avenue 6.

Senja Close EC is a pioneering mixed-use development that stands out in its location. This impressive establishment offers a variety of amenities such as a state-of-the-art fitness gym, a peaceful garden atrium, and comfortable lounge areas for residents to unwind. The units at Senja Close EC are fitted with top-of-the-line Miele appliances, including an efficient induction cooktop and a luxurious wine cooler. To experience the exceptional lifestyle offered by Senja Close EC, visit senja close ec today.

Joint developers Hong Leong Holdings, Hong Realty, and GuocoLand reported an impressive sales result, with 447 units (97%) sold at Penrith as of 4pm on Oct 18, at an average price exceeding $2,800 psf. Faber Residence, a joint venture between GuocoLand and Hong Leong Holdings, also saw strong sales, with 344 units (86%) sold over the launch weekend at an average price of $2,160 psf.

For the latest information on available units and prices at Faber Residence, please refer to the advertisement.

Overall, the two projects recorded a total of more than 790 units sold during the Oct 18–19 weekend, a significant achievement for the developers.

According to Dora Chng, residential director of GuocoLand, the majority of buyers were Singaporeans and Permanent Residents, most of whom were owner-occupiers. She adds that the development’s riverfront location, close proximity to established schools, and direct access to the Ulu Pandan Park Connector were key factors that attracted buyers.

The launch of Faber Residence also marked the final Outside Central Region (OCR) project of 2025. CEO of PropNex, Kelvin Fong, believes that the strong sales reflect the resilience of the demand for mass-market housing in Singapore. He adds that the sensitive pricing and advantages of the location were key factors in attracting buyers.

With an average price of $2,160 psf, many buyers saw value in the development, says Fong. He notes that based on lodged caveats, the average price of new non-landed private homes in the OCR (excluding executive condos) has been around $2,275 psf this year. In terms of absolute price, two-bedroom units at Faber Residence started from $1.28 million while three-bedroom units began at around $1.57 million. According to Fong, these units fall into the sweet spot of under $2.5 million, a desirable price range for many households. He adds that all 80 two-bedroom units and 199 three-bedroom units were completely sold out.

Mohan Sandrasegeran, head of research and data analytics at SRI, attributes the strong response to the competitive entry price, supported by favourable land costs. He notes that the developers acquired the site for about $900 per square foot per plot ratio (ppr), which is significantly lower than other OCR plots such as Bayshore and Chuan Grove, which crossed the $1,300 psf ppr threshold. This enabled them to offer an attractive price point for buyers looking for value in a mature and well-connected estate.

Mark Yip, CEO of Huttons Asia, believes that the strong sales were no surprise, considering that Faber Residence is the first new project in the Faber Hills area since 2014. He adds that it is likely the last plot of land offering waterfront living in Faber Hills. Yip also notes that market sentiment remains positive, driven by lower interest rates, improving economic conditions, and a steady pipeline of affordably priced launches. “The positive momentum in the property market has continued, driven by pent-up demand and ample liquidity,” he says.

Families were also drawn to the development’s close proximity to Nan Hua Primary School, one of Singapore’s most sought-after schools, located within 1km of the site. Yip notes that beyond Nan Hua, Clementi’s education belt, which spans from primary to tertiary institutions, means that families need not relocate as their children grow up. This family appeal was reflected in the buying trends, with compact two- and three-bedroom units being the most popular choices.

Faber Residence also offers excellent connectivity, being within walking distance of the upcoming Jurong Town Hall MRT Station on the Jurong Region Line, and close to the Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE). Its proximity to Singapore’s second CBD means that it is well-positioned to benefit from the government’s long-term transformation of the Jurong Lake District. ERA Singapore’s CEO, Marcus Chu, adds that the location will appeal to professionals who value convenience and connectivity.

The successful launch adds to a string of well-received OCR projects this year, indicating that buyer confidence has been renewed. According to SRI’s Sandrasegeran, 3,811 new private homes were sold in the first nine months of 2025, more than double the