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Launching soon 2024!

Senja
Close EC
(D23)

Submit E-application period:

To be confirmed

Units & Price Release:

To be confirmed

Balloting & Booking Day:

To be confirmed

LATEST UPDATE!

Last Updated: 9th April, 2024

9th April, 2024: Don’t miss out on the latest release information and updates! Sign up now to stay informed and receive exclusive updates about this development. By registering, you’ll be among the first to receive information about showflat openings, pricing details, floor plans, and more. Don’t wait – register now to ensure you don’t miss any important updates and to secure your spot for exclusive previews and events. Stay ahead of the game and be among the first to know all the exciting details.

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Senja Close Executive Condominium

Senja Residences EC is a new development located right at the heart of Senja Close in the Bukit Panjang and Segar Road area. The last EC that was launched was Blossom Residences and Senja Residences represents a prime piece of real estate right at the heart of Bukit Panjang which is a highly sought after mature estate.

Senja Residences is a 99 years leasehold executive condominium development located at Senja Close in District 23. The development comprises 300 units and stands at 18 storeys. There are 3 and four-bedroom standard apartments, dual key units, penthouses and more. The estimated TOP date is 2027.

Residents can enjoy resort-style facilities at the Senja Close EC. Amenities include BBQ pits, clubhouses, Jacuzzi, jogging track, mini-mart, CCTV surveillance, tennis and squash courts, wading pools, and a good size swimming pool. Moreover, the Senja Residences is a prime location for investment. Buying a unit here will ensure a steady income and good capital appreciation.

HIGHLY ANTICIPATED PROJECT IN 2024

Senja Close EC

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PROJECT INFORMATION 

Project Name: Senja Residences *TBC*

Developer: TBC

Total Units: Appx 295 Residential Units (3 to 5 rooms)

No. of Blocks: TBA

Site Area: 109,792 square feet

Estimated TOP: 2027

Address: Senja Close

Tenure: 99yrs Leasehold

District: 23

Price PSF: TBA

Indicative Price Range: TBA

Senja Close Executive Condominium

AMENITIES
Location &
 Neighbourhood
THRIVE ON THE CONVENIENCE OF NEARBY AMENITIES

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Showflat Location

Frequently Asked Questions

What is an Executive Condominium?

An Executive Condominium (EC) is a type of housing in Singapore that combines elements of public and private housing. Developed and sold by private developers, ECs are designed to cater to the needs of the "sandwich class" – individuals whose household incomes exceed the limits for public housing (HDB flats) but find private condominiums relatively expensive.

Is an executive condo part of HDB?

For the initial 10 years, executive condominiums are classified as Housing and Development Board (HDB) assets, leading to their classification as hybrid private-public properties. Nonetheless, the Singaporean government provides financial support in pricing and permits the utilisation of specific CPF housing grants (elaborated further below).

What is the difference between a private condo and an executive condo? 

In the initial years of ownership, ECs are subjected to specific limitations, during which they are exclusively sold to Singaporean citizens. After a designated duration, usually around five years, these restrictions are removed, enabling the owner to sell the EC to citizens and permanent residents. Other limitations, guidelines, and mandates must be adhered to as well. In contrast, private condominiums have little to no restrictions. You can also read about HDB vs. private condos, which we think you’ll find interesting.

Why do people buy an EC?

In addition to qualifying for CPF housing grants, ECs generally have prices around 20% lower than regular condominiums because of the financial support provided by the government during their construction stage. These subsidies aim to enhance affordability for a specific category of potential home purchasers.

Can I buy or invest in private residential property in Singapore or overseas after I buy an EC unit?

Yes, but only after you fulfil the 5-year MOP period of your purchased EC.

Do I have to pay the agent a commission to purchase EC?

No, you do not have to pay an agent any commission to purchase EC. The agent will assist you in applying, balloting, and booking an EC unit from the developer.

What is the cost of buying an EC?

  • Purchase Price

  • Stamp Duty (Buyers Stamp Duty)

  • Legal fee

  • ECs are also NOT affected by Additional Buyers Stamp Duty.

Is EC or BTO better?

Both a Build-To-Order (BTO) apartment and an Executive Condominium (EC) present significant prospects for value increase and a more substantial profit margin. BTO flats come with lower entry hurdles due to their affordability, and they provide a broader array of locations compared to ECs (though still more restricted than resale flats).

What is the salary cap for an executive condo? 

The combined earnings of all individuals named in the EC application should not surpass $16,000. Thus, the intended demographic for ECs comprises households with earnings ranging from $14,000 to $16,000 per month.Upon reserving an EC unit, the property developer will provide instructions regarding document submission, including income-related papers.

What must I bring to book an EC unit?

  • NRIC

  • Birth certificate and marriage certificate

  • 3 months payslips (payslip issued for the month of application for EC unit and immediately preceding 2 months) or an official letter from their employers stating their 3 months gross income ( for the month of application for EC unit and immediately preceding 2 months), an income tax return or assessment;  and

  • Other documents as required by the developer or HDB.

Check Your Eligibility

You must meet the eligibility conditions to buy an Executive Condominium (EC) unit from a property developer. Please also find out if you must pay a resale levy and what conditions will apply after you buy an EC unit, before you apply for an EC unit.

Get in touch with us to access your:

✔ Eligibility to buy an Executive Condominium

✔ Financial planning including loan calculation and budgeting

✔ Timeline planning on selling & buying the next home

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For Enquiry, Contact us by clicking on

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Normal Progressive Payment Scheme

Please contact us to learn more about Normal Progressive Payment Scheme and Deferred Payment Scheme. Bridging loan is available for HDB existing owner. Maximum Loan to Value to subject to TDSR (Total Debt Servicing Ratio). Please contact us to do a full set of financial calculation.

5%

Booking fee upon unit selection. Payable by cash only.

15%

Exercise fee upon signing S&P.  Payable by Cash or CPF OA.

5%

Normal Progressive Payment Scheme. Payable by Cash or CPF OA.

75%

Normal Progressive Payment Scheme. Payable by bank loan

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Senja
Close EC
(D23)

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Above information are for references purpose only. Provided by the developer appointed marketing estate agency sales team. Subject to changes without prior notice. Please contact us to learn more.

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