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Parc Canberra site introduced for tender

Evelyn Stough, October 7, 2019

HDB has placed an exec condo (EC) internet site at Canberra Link in Sembawang up for purchase through public tender. The 99-year leasehold internet site is the only EC plot of five affirmed list web sites under the very first half-2019 federal government property purchases (GLS) programme. The Canberra Web link plot, which covers 179,651 sq ft, may yield around 385 domestic systems. It has a max gross flooring area of 413,194 sq ft as well as an optimum property level of forty five to 55 metres.

Must watch: Parc Canberra

The tender for the plot are going to finalize at 12 twelve noon on July 3. It is the 2nd EC web site launched in the region. The previous tender, which closed in September last year, was actually fiercely disputed with Hoi Hup Real Estate and Sunway Developments vanquishing eight other prospective buyers with their proposal of $271 million, or even $558.22 psf every piece proportion (ppr). The internet site can easily generate around 495 units.

Lee Sze Teck, head of investigation at Huttons approximates costs for the current Canberra Hyperlink EC internet site to become in between $520 and $570 psf ppr based upon the earlier price paid for the previous tender.

Within proximity is actually the upcoming Bukit Canberra, a 12ha included sporting activity as well as area hub. When accomplished in 1H2020, it will definitely consist of a polyclinic, an elderly treatment facility, a sporting activities facility and a hawker centre in a park-like atmosphere.

“Well-balanced demand for the current Canberra Link EC internet site will certainly be founded through its own fairly desirable area sandwiched in between two MRT terminals, such as the existing Sembawang MRT station as well as the Canberra MRT station, which is actually slated to open due to the edge of 2019,” says Tay Huey Ying, JLL’s mind of study and consultancy, Singapore.

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