Parc Canberra website released for tender

HDB has put a manager condominium (EC) website at Canberra Link in Sembawang up for sale through public tender. The 99-year leasehold site is the only EC tract of 5 confirmed listing internet sites under the 1st half-2019 authorities property sales (GLS) program. The Canberra Hyperlink tract, which reaches 179,651 sq ft, can give around 385 domestic units. It possesses a maximum disgusting floor area of 413,194 square foot as well as a maximum property level of forty five to 55 metres.

Our listed website: Parc Canberra showflat

The tender for the tract will certainly finalize at 12 twelve o’clock on July 3. It is the 2nd EC site released in the location. The previous tender, which approached September last year, was actually fiercely opposed along with Hoi Hup Realty and Sunway Developments beating out eight various other bidders along with their bid of $271 million, or even $558.22 psf per piece ratio (ppr). The website may provide as much as 495 units.

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

Within distance is actually the upcoming Bukit Canberra, a 12ha included sporting activity and also neighborhood hub. When finished in 1H2020, it will certainly comprise a polyclinic, an elderly care centre, a sporting activities facility and also a hawker facility in a park-like atmosphere.

“Healthy need for the present Canberra Web link EC web site will certainly be actually founded by its rather desirable location sandwiched in between pair of MRT stations, such as the existing Sembawang MRT terminal and also the Canberra MRT station, which is actually slated to open up by the edge of 2019,” claims Tay Huey Ying, JLL’s mind of research and working as a consultant, Singapore.