Parc Canberra Site Released For Tender

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HDB has placed an executive condo (EC) internet site at Canberra Web link in Sembawang up for sale through public tender. The 99-year leasehold internet site is actually the only EC tract of 5 verified list internet sites under the very first half-2019 authorities land sales (GLS) program. The Canberra Web link parcel, which spans 179,651 square foot, can easily yield around 385 home systems. It possesses a max gross floor area of 413,194 square foot and also an optimum structure level of forty five to 55 metres.

Put forward: Parc Canberra price

The tender for the parcel will definitely close at 12 twelve o’clock on July 3. It is actually the second EC website launched in the region. The previous tender, which enclosed September last year, was actually hotly contested along with Hoi Hup Real Estate and also Sunway Developments vanquishing 8 other bidders with their offer of $271 thousand, or even $558.22 psf per piece ratio (ppr). The internet site can provide around 495 systems.

Lee Sze Teck, scalp of investigation at Huttons approximates prices for the existing Canberra Hyperlink EC website to be between $520 as well as $570 psf ppr based upon the earlier price paid for the previous tender.

Within closeness is the upcoming Bukit Canberra, a 12ha incorporated sporting activity as well as neighborhood center. When finished in 1H2020, it will definitely comprise a polyclinic, a senior treatment center, a sporting activities center as well as a hawker facility in a park-like atmosphere.

“Healthy need for the existing Canberra Link EC website will be actually underpinned through its own reasonably attractive area sandwiched between two MRT terminals, namely the existing Sembawang MRT terminal and the Canberra MRT terminal, which is slated to open by the end of 2019,” points out Tay Huey Ying, JLL’s head of research study as well as working as a consultant, Singapore.