HDB has placed an exec condominium (EC) internet site at Canberra Web link in Sembawang up for sale through public tender. The 99-year leasehold website is actually the only EC parcel of 5 confirmed listing web sites under the first half-2019 government property purchases (GLS) programme. The Canberra Hyperlink plot, which reaches 179,651 sq ft, may yield as much as 385 non commercial devices. It has an optimum gross flooring location of 413,194 square feet and an optimum building height of 45 to 55 metres.
Put forward: Parc Canberra
The tender for the parcel will shut at 12 twelve noon on July 3. It is the second EC site discharged in the place. The previous tender, which enclosed September last year, was actually fiercely objected to with Hoi Hup Real Estate as well as Sunway Advancement vanquishing eight various other prospective buyers with their proposal of $271 million, or $558.22 psf every area ratio (ppr). The internet site can easily provide up to 495 units.
Lee Sze Teck, scalp of research at Huttons determines costs for the existing Canberra Link EC website to become in between $520 and also $570 psf ppr based upon the earlier cost spent for the previous tender.
Within closeness is actually the upcoming Bukit Canberra, a 12ha combined sport as well as area center. When finished in 1H2020, it is going to comprise a polyclinic, a senior treatment centre, a sports facility and also a hawker center in a park-like environment.
“Well-balanced demand for the existing Canberra Web link EC site will be actually founded through its relatively desirable place sandwiched between pair of MRT terminals, specifically the existing Sembawang MRT terminal and also the Canberra MRT terminal, which is slated to open due to the edge of 2019,” claims Tay Huey Ying, JLL’s mind of study and also consultancy, Singapore.