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Parc Canberra internet site introduced for tender

Wendy Johnson, October 7, 2019

HDB has actually put a manager condo (EC) internet site at Canberra Link in Sembawang up for sale by public tender. The 99-year leasehold website is actually the only EC plot of 5 confirmed listing web sites under the initial half-2019 government property sales (GLS) program. The Canberra Hyperlink tract, which spans 179,651 square feet, may produce approximately 385 household devices. It has an optimum disgusting floor place of 413,194 sq ft as well as a maximum building height of 45 to 55 metres.

Mentioned: Parc Canberra

The tender for the tract will certainly finalize at 12 twelve o’clock on July 3. It is the second EC internet site launched in the region. The previous tender, which closed in September in 2013, was actually fiercely contended with Hoi Hup Realty as well as Sunway Advancement defeating eight various other bidders along with their bid of $271 thousand, or even $558.22 psf every piece proportion (ppr). The site can easily yield around 495 systems.

Lee Sze Teck, head of research at Huttons predicts rates for the existing Canberra Web link EC web site to become between $520 and also $570 psf ppr based upon the earlier cost spent for the previous tender.

Within distance is actually the upcoming Bukit Canberra, a 12ha integrated sporting activity as well as area hub. When accomplished in 1H2020, it is going to make up a polyclinic, a senior care facility, a sporting activities center and also a hawker center in a park-like atmosphere.

“Well-balanced demand for the current Canberra Link EC web site are going to be actually founded through its own relatively desirable site sandwiched in between two MRT stations, specifically the existing Sembawang MRT terminal and also the Canberra MRT station, which is actually slated to open by the edge of 2019,” mentions Tay Huey Ying, JLL’s head of investigation as well as consultancy, Singapore.

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