Parc Canberra site launched for tender

HDB has placed a manager condominium (EC) site at Canberra Web link in Sembawang up for purchase by social tender. The 99-year leasehold website is actually the only EC tract of 5 verified checklist websites under the 1st half-2019 federal government property sales (GLS) programme. The Canberra Hyperlink parcel, which reaches 179,651 square foot, can produce around 385 residential units. It has an optimum gross floor location of 413,194 sq ft and also an optimum property height of forty five to 55 metres.

Endorse it: Parc Canberra price

The tender for the parcel will certainly finalize at 12 twelve noon on July 3. It is actually the 2nd EC site launched in the location. The previous tender, which enclosed September in 2014, was fiercely contended with Hoi Hup Realty and Sunway Developments beating out 8 various other prospective buyers along with their proposal of $271 thousand, or $558.22 psf per piece proportion (ppr). The internet site can easily provide up to 495 systems.

Lee Sze Teck, scalp of analysis at Huttons approximates rates for the present Canberra Link EC website to be in between $520 as well as $570 psf ppr based on the earlier rate paid for the previous tender.

Within closeness is the upcoming Bukit Canberra, a 12ha included sporting activity and also neighborhood hub. When completed in 1H2020, it will make up a polyclinic, a senior care facility, a sporting activities facility and also a hawker center in a park-like atmosphere.

“Healthy demand for the present Canberra Hyperlink EC web site will certainly be founded through its own fairly desirable area sandwiched between pair of MRT terminals, specifically the existing Sembawang MRT station as well as the Canberra MRT terminal, which is actually slated to open due to the edge of 2019,” claims Tay Huey Ying, JLL’s mind of research and consultancy, Singapore.