Parc Canberra internet site released for tender

HDB has put a manager condo (EC) site at Canberra Link in Sembawang up for purchase through public tender. The 99-year leasehold internet site is the only EC tract of five affirmed listing web sites under the initial half-2019 authorities land purchases (GLS) programme. The Canberra Hyperlink parcel, which spans 179,651 sq ft, can produce up to 385 household devices. It possesses an optimum gross floor place of 413,194 square foot and also an optimum structure height of forty five to 55 metres.

Put forward: Parc Canberra floor plan

The tender for the tract are going to finalize at 12 noontime on July 3. It is the second EC website discharged in the place. The previous tender, which closed in September in 2014, was actually hotly contested along with Hoi Hup Real Estate and also Sunway Dope defeating 8 various other prospective buyers along with their offer of $271 thousand, or $558.22 psf every lot proportion (ppr). The web site can easily yield around 495 units.

Lee Sze Teck, head of research study at Huttons approximates costs for the existing Canberra Web link EC web site to become between $520 and $570 psf ppr based on the earlier price spent for the previous tender.

Within closeness is the upcoming Bukit Canberra, a 12ha combined sport and also neighborhood hub. When accomplished in 1H2020, it is going to consist of a polyclinic, a senior treatment centre, a sports centre and a hawker center in a park-like environment.

“Healthy and balanced demand for the present Canberra Hyperlink EC site will be founded through its fairly attractive place sandwiched in between two MRT stations, specifically the existing Sembawang MRT station and also the Canberra MRT station, which is actually slated to open up due to the end of 2019,” mentions Tay Huey Ying, JLL’s head of research study and also working as a consultant, Singapore.