HDB has actually placed a manager condo (EC) web site at Canberra Web link in Sembawang up for sale through public tender. The 99-year leasehold website is actually the only EC tract of five verified list sites under the very first half-2019 federal government land sales (GLS) program. The Canberra Hyperlink parcel, which extends 179,651 sq ft, may give around 385 home units. It possesses an optimum disgusting flooring location of 413,194 square foot and a maximum property level of 45 to 55 metres.
Commend: Parc Canberra
The tender for the parcel will definitely finalize at 12 midday on July 3. It is the second EC website launched in the area. The previous tender, which enclosed September last year, was actually fiercely contested with Hoi Hup Realty as well as Sunway Dope beating out eight other bidders with their proposal of $271 thousand, or even $558.22 psf per area proportion (ppr). The website can easily yield up to 495 units.
Lee Sze Teck, scalp of research study at Huttons approximates rates for the present Canberra Link EC website to become 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 combined sport and community hub. When completed in 1H2020, it is going to comprise a polyclinic, an elderly treatment centre, a sporting activities facility and also a hawker center in a park-like environment.
“Healthy and balanced need for the current Canberra Web link EC web site will definitely be underpinned by its own relatively attractive site sandwiched in between two MRT terminals, such as the existing Sembawang MRT terminal and the Canberra MRT station, which is slated to open due to the end of 2019,” claims Tay Huey Ying, JLL’s head of research and also working as a consultant, Singapore.