Parc Canberra web site introduced for tender

HDB has placed a manager apartment (EC) internet site at Canberra Web link in Sembawang up for sale by public tender. The 99-year leasehold internet site is actually the only EC tract of five validated listing websites under the 1st half-2019 authorities property sales (GLS) program. The Canberra Hyperlink plot, which spans 179,651 square foot, may generate around 385 domestic units. It possesses a maximum gross flooring location of 413,194 square feet as well as a max building height of forty five to 55 metres.

Put Up Here: Parc Canberra floor plan

The tender for the plot are going to finalize at 12 midday on July 3. It is actually the second EC web site discharged in the region. The previous tender, which approached September in 2014, was actually hotly disputed along with Hoi Hup Real Estate and also Sunway Advancement vanquishing 8 other bidders along with their offer of $271 million, or $558.22 psf per plot ratio (ppr). The site may provide up to 495 systems.

Lee Sze Teck, scalp of research study at Huttons estimates rates for the present Canberra Link EC site to be in between $520 and $570 psf ppr based upon the earlier cost spent for the previous tender.

Within closeness is the upcoming Bukit Canberra, a 12ha integrated sporting activity as well as community hub. When finished in 1H2020, it will consist of a polyclinic, an elderly treatment facility, a sports center as well as a hawker center in a park-like environment.

“Healthy and balanced need for the existing Canberra Web link EC site will definitely be actually founded through its rather eye-catching area sandwiched in between pair of MRT stations, specifically the existing Sembawang MRT station and also the Canberra MRT station, which is actually slated to open up by the end of 2019,” points out Tay Huey Ying, JLL’s mind of research study and also working as a consultant, Singapore.