Parc Canberra internet site introduced for tender

HDB has put an executive condo (EC) website at Canberra Web link in Sembawang up for sale through social tender. The 99-year leasehold internet site is the only EC tract of 5 affirmed list internet sites under the 1st half-2019 federal government land sales (GLS) programme. The Canberra Link plot, which covers 179,651 square foot, can easily yield around 385 residential units. It has a maximum gross flooring location of 413,194 sq ft and a max building height of 45 to 55 metres.

Advancement: Parc Canberra location

The tender for the tract will definitely close at 12 twelve noon on July 3. It is actually the second EC web site launched in the location. The previous tender, which enclosed September last year, was hotly objected to along with Hoi Hup Real Estate as well as Sunway Developments vanquishing eight various other bidders with their offer of $271 thousand, or even $558.22 psf per piece ratio (ppr). The website can easily provide as much as 495 systems.

Lee Sze Teck, head of study at Huttons determines prices for the current Canberra Link EC web site to become between $520 as well as $570 psf ppr based upon the earlier rate spent for the previous tender.

Within proximity is the upcoming Bukit Canberra, a 12ha integrated sporting activity as well as area center. When accomplished in 1H2020, it will definitely consist of a polyclinic, an elderly care facility, a sports centre and also a hawker center in a park-like environment.

“Healthy and balanced need for the existing Canberra Web link EC web site will certainly be founded by its relatively appealing site sandwiched between 2 MRT terminals, such as the existing Sembawang MRT station and the Canberra MRT terminal, which is actually slated to open up due to the end of 2019,” states Tay Huey Ying, JLL’s mind of research and consultancy, Singapore.