HDB has put a manager condo (EC) web site at Canberra Hyperlink in Sembawang up for sale through social tender. The 99-year leasehold web site is actually the only EC parcel of five verified list sites under the very first half-2019 authorities land purchases (GLS) program. The Canberra Web link tract, which covers 179,651 sq ft, can easily produce approximately 385 household units. It possesses a maximum disgusting floor location of 413,194 square feet and also a maximum building level of forty five to 55 metres.
Commend: Parc Canberra showflat
The tender for the tract will definitely close at 12 twelve noon on July 3. It is the second EC web site discharged in the location. The previous tender, which enclosed September in 2013, was fiercely contended along with Hoi Hup Realty as well as Sunway Dope vanquishing 8 other bidders with their bid of $271 million, or $558.22 psf every lot ratio (ppr). The internet site may provide around 495 systems.
Lee Sze Teck, scalp of investigation at Huttons predicts prices for the existing Canberra Hyperlink EC site to become in between $520 and also $570 psf ppr based upon the earlier price spent for the previous tender.
Within distance is the upcoming Bukit Canberra, a 12ha incorporated sport and also area hub. When accomplished in 1H2020, it is going to consist of a polyclinic, a senior treatment facility, a sporting activities centre and a hawker centre in a park-like setting.
“Healthy demand for the existing Canberra Web link EC web site are going to be actually derived by its fairly appealing site sandwiched in between two MRT stations, namely the existing Sembawang MRT station and the Canberra MRT terminal, which is actually slated to open up due to the edge of 2019,” mentions Tay Huey Ying, JLL’s head of investigation as well as consultancy, Singapore.