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Joyce Higashi – j-higashi.com

Parc Canberra internet site released for tender

Connor McVilly, October 7, 2019

HDB has actually placed a manager apartment (EC) website at Canberra Link in Sembawang up for purchase through social tender. The 99-year leasehold internet site is actually the only EC parcel of five confirmed listing web sites under the initial half-2019 authorities property sales (GLS) programme. The Canberra Link tract, which stretches over 179,651 square feet, can give around 385 domestic units. It has an optimum disgusting floor location of 413,194 square feet and also a maximum property height of forty five to 55 metres.

Mentioned: Parc Canberra floor plan

The tender for the plot will shut at 12 noontime on July 3. It is actually the 2nd EC internet site released in the area. The previous tender, which enclosed September in 2015, was hotly disputed along with Hoi Hup Realty and also Sunway Dope beating out 8 various other bidders with their bid of $271 million, or even $558.22 psf every lot proportion (ppr). The website can provide as much as 495 units.

Lee Sze Teck, scalp of research study at Huttons determines rates for the current Canberra Hyperlink EC site to be in between $520 and also $570 psf ppr based on the earlier cost paid for the previous tender.

Within proximity is the upcoming Bukit Canberra, a 12ha integrated sporting activity and also community hub. When accomplished in 1H2020, it will certainly make up a polyclinic, an elderly treatment centre, a sporting activities facility and also a hawker facility in a park-like environment.

“Healthy demand for the existing Canberra Link EC web site are going to be underpinned through its own reasonably appealing location sandwiched in between 2 MRT terminals, such as the existing Sembawang MRT station and also the Canberra MRT terminal, which is slated to open up due to the end of 2019,” says Tay Huey Ying, JLL’s mind of investigation as well as consultancy, Singapore.

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