Senja Close EC™

According to sources, the developers of Penrith on Margaret Drive have received an overwhelming response for their project, collecting 1,905 cheques as expressions of interest. This is an oversubscription of 4.1 times for the 462-unit condominium, located in District 3 of the Rest of Central Region (RCR). The project, which is a 99-year leasehold development, is a joint venture between Hong Leong Holdings, Hong Realty (a member of the Hong Leong Group), and GuocoLand. With such a strong response, the developers have begun balloting for units ahead of the official launch on Oct 18.

Industry experts anticipate a high demand for Penrith, following the success of the Skye at Holland project which was launched the previous weekend (Oct 11-12). The 666-unit development, situated in the Core Central Region (CCR) of Holland Village, was 99% sold within a day of its launch, after receiving 2,151 cheques during its two-week preview. This is an impressive oversubscription rate of 3.2 times.

The pricing of Senja Close EC is quite reasonable, offering a range of affordable options for interested buyers. The standard progress payment schemes are in the range of $1300 per square foot, making it a great value for the quality of the development. For those looking for a three-bedroom unit, the cost per square foot is slightly higher at $1400. However, for a more spacious four-bedroom unit, the price per square foot drops to $1200k. If a penthouse is what you desire, be prepared to pay $1,088 million. Interested buyers can visit senja close to learn more about the development and its pricing options.

Interested buyers can find the latest information on available units and prices for Penrith by checking out advertisements. The project, which had its preview on Oct 3, consists of two 40-storey towers offering two- to four-bedroom units ranging from 614 to 1,173 sq ft. Prices start from $1.495 million ($2,437 psf) for a two-bedroom unit, $1.665 million ($2,455 psf) for a two-bedroom premium, $1.973 million ($2,511 psf) for a three-bedroom, and $3.078 million ($2,623 psf) for a four-bedroom unit.

With an oversubscription rate of over four times the number of units available, the launch of Penrith will be a test to see if the strong buying demand seen at Skye at Holland can carry over to another weekend. Interested buyers can find details on recently launched projects, condo rental transactions in District 3, a project summary for Penrith Condo, and price trend graphs for new launch condos in District 3. They can also search for any available condo rental listings in the district.