HDB has placed an exec condominium (EC) internet site at Canberra Hyperlink in Sembawang up for sale by public tender. The 99-year leasehold web site is the only EC plot of five affirmed listing sites under the 1st half-2019 government property sales (GLS) program. The Canberra Link plot, which reaches 179,651 square feet, can easily yield up to 385 household units. It possesses a maximum disgusting floor region of 413,194 square foot and also an optimum building level of forty five to 55 metres.
Put forward: Parc Canberra floor plan
The tender for the tract will definitely shut at 12 twelve o’clock on July 3. It is the 2nd EC site released in the place. The previous tender, which closed in September in 2015, was hotly opposed with Hoi Hup Realty and Sunway Developments defeating eight various other prospective buyers with their offer of $271 million, or $558.22 psf per piece proportion (ppr). The site can produce approximately 495 systems.
Lee Sze Teck, head of investigation at Huttons predicts rates for the present Canberra Link EC internet site to become between $520 and $570 psf ppr based on the earlier rate paid for the previous tender.
Within proximity is the upcoming Bukit Canberra, a 12ha included sport and also area center. When completed in 1H2020, it is going to consist of a polyclinic, a senior treatment facility, a sporting activities facility and also a hawker centre in a park-like setting.
“Healthy and balanced demand for the existing Canberra Web link EC web site will certainly be underpinned through its fairly eye-catching location sandwiched between two MRT terminals, such as the existing Sembawang MRT station and the Canberra MRT station, which is slated to open by the edge of 2019,” says Tay Huey Ying, JLL’s head of research study as well as consultancy, Singapore.