Parc Canberra site introduced for tender

HDB has placed an executive residence (EC) website at Canberra Link in Sembawang up for sale by social tender. The 99-year leasehold site is actually the only EC tract of 5 affirmed checklist internet sites under the very first half-2019 government land purchases (GLS) program. The Canberra Link tract, which stretches over 179,651 sq ft, can easily yield around 385 domestic systems. It has an optimum disgusting flooring location of 413,194 square feet and a maximum structure height of forty five to 55 metres.

Approved website: Parc Canberra location

The tender for the plot are going to shut at 12 twelve o’clock on July 3. It is actually the second EC website launched in the location. The previous tender, which closed in September in 2015, was actually fiercely contested along with Hoi Hup Real Estate and also Sunway Developments vanquishing 8 other bidders along with their offer of $271 thousand, or even $558.22 psf every area ratio (ppr). The site can easily provide up to 495 units.

Lee Sze Teck, scalp of investigation at Huttons estimates prices for the present Canberra Web link EC web site to be in between $520 and $570 psf ppr based on the earlier price spent for the previous tender.

Within distance is the upcoming Bukit Canberra, a 12ha integrated sport and area hub. When completed in 1H2020, it will certainly comprise a polyclinic, an elderly care centre, a sports center and a hawker center in a park-like environment.

“Healthy and balanced need for the current Canberra Link EC web site will be actually founded through its own fairly desirable site sandwiched in between two MRT terminals, such as the existing Sembawang MRT terminal as well as the Canberra MRT station, which is actually slated to open by the edge of 2019,” says Tay Huey Ying, JLL’s head of research and consultancy, Singapore.