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Parc Canberra site released for tender

Ryan Donoghue, October 7, 2019

HDB has actually placed an exec apartment (EC) web site at Canberra Hyperlink in Sembawang up for sale by social tender. The 99-year leasehold web site is the only EC tract of five validated list internet sites under the initial half-2019 federal government property sales (GLS) programme. The Canberra Hyperlink tract, which spans 179,651 square feet, may produce up to 385 domestic systems. It has a maximum gross floor location of 413,194 sq ft as well as a maximum property level of forty five to 55 metres.

Must read: Parc Canberra floor plan

The tender for the plot are going to finalize at 12 twelve noon on July 3. It is the second EC website launched in the area. The previous tender, which closed in September in 2015, was actually hotly contended with Hoi Hup Real Estate and Sunway Developments defeating 8 various other prospective buyers along with their quote of $271 thousand, or even $558.22 psf per piece proportion (ppr). The web site can produce up to 495 units.

Lee Sze Teck, scalp of research at Huttons approximates prices for the present Canberra Web link EC internet site to become in between $520 as well as $570 psf ppr based on the earlier rate purchased the previous tender.

Within proximity is the upcoming Bukit Canberra, a 12ha included sporting activity as well as community center. When finished in 1H2020, it will certainly comprise a polyclinic, an elderly treatment center, a sports facility as well as a hawker centre in a park-like setting.

“Healthy and balanced requirement for the current Canberra Web link EC website will definitely be underpinned through its own reasonably desirable place sandwiched in between two MRT stations, namely the existing Sembawang MRT station and the Canberra MRT station, which is actually slated to open up due to the end of 2019,” points out Tay Huey Ying, JLL’s head of research study and also consultancy, Singapore.

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