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Parc Canberra web site introduced for tender

Ashton Ballow, October 7, 2019

HDB has put an executive residence (EC) website at Canberra Web link in Sembawang up for sale by social tender. The 99-year leasehold site is actually the only EC plot of 5 affirmed checklist web sites under the initial half-2019 federal government land sales (GLS) programme. The Canberra Web link parcel, which extends 179,651 sq ft, can produce up to 385 property systems. It has an optimum gross flooring location of 413,194 sq ft and an optimum building height of 45 to 55 metres.

Visit this: Parc Canberra showflat

The tender for the plot will close at 12 midday on July 3. It is actually the second EC site released in the place. The previous tender, which approached September in 2014, was actually hotly contested with Hoi Hup Real Estate and also Sunway Developments defeating eight other prospective buyers along with their offer of $271 thousand, or $558.22 psf per area proportion (ppr). The internet site may generate as much as 495 systems.

Lee Sze Teck, head of investigation at Huttons approximates rates for the present Canberra Link EC web site to be between $520 as well as $570 psf ppr based upon the earlier cost paid for the previous tender.

Within closeness is the upcoming Bukit Canberra, a 12ha included sporting activity as well as community hub. When completed in 1H2020, it will make up a polyclinic, a senior treatment centre, a sports centre as well as a hawker facility in a park-like environment.

“Healthy demand for the present Canberra Web link EC web site are going to be actually underpinned by its reasonably attractive area sandwiched between two MRT terminals, particularly the existing Sembawang MRT station and also the Canberra MRT terminal, which is actually slated to open due to the edge of 2019,” claims Tay Huey Ying, JLL’s mind of study and working as a consultant, Singapore.

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