HDB has actually put an exec condominium (EC) site at Canberra Web link in Sembawang up for sale by public tender. The 99-year leasehold internet site is the only EC parcel of 5 verified checklist sites under the initial half-2019 federal government land purchases (GLS) program. The Canberra Link parcel, which covers 179,651 sq ft, can yield as much as 385 property devices. It possesses a max disgusting flooring place of 413,194 sq ft and a max structure height of forty five to 55 metres.
Mentioned: Parc Canberra floor plan
The tender for the parcel are going to close at 12 twelve o’clock on July 3. It is the second EC website released in the region. The previous tender, which approached September in 2015, was actually hotly contended with Hoi Hup Real Estate as well as Sunway Developments vanquishing 8 other bidders with their quote of $271 thousand, or even $558.22 psf per lot proportion (ppr). The internet site can produce around 495 units.
Lee Sze Teck, head of research study at Huttons estimates rates for the current Canberra Web link EC web site to be in between $520 as well as $570 psf ppr based on the earlier cost purchased the previous tender.
Within proximity is actually the upcoming Bukit Canberra, a 12ha incorporated sporting activity as well as neighborhood hub. When completed in 1H2020, it will definitely consist of a polyclinic, an elderly treatment center, a sporting activities centre and also a hawker centre in a park-like environment.
“Healthy need for the existing Canberra Web link EC web site are going to be derived through its rather attractive site sandwiched in between 2 MRT stations, specifically the existing Sembawang MRT station and also the Canberra MRT station, which is slated to open by the edge of 2019,” points out Tay Huey Ying, JLL’s mind of study and also working as a consultant, Singapore.