HDB has placed an executive condominium (EC) internet site at Canberra Link in Sembawang up for sale by public tender. The 99-year leasehold web site is the only EC parcel of 5 validated list websites under the 1st half-2019 federal government property purchases (GLS) program. The Canberra Link tract, which extends 179,651 sq ft, can generate around 385 domestic units. It has a maximum gross flooring location of 413,194 square foot and also an optimum building level of 45 to 55 metres.
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The tender for the plot are going to close at 12 twelve o’clock on July 3. It is the 2nd EC website discharged in the region. The previous tender, which closed in September last year, was fiercely contended with Hoi Hup Realty and Sunway Dope defeating eight various other bidders with their quote of $271 million, or $558.22 psf per lot proportion (ppr). The web site may generate around 495 systems.
Lee Sze Teck, scalp of study at Huttons predicts prices for the present Canberra Link EC site to be between $520 and also $570 psf ppr based upon the earlier rate spent for the previous tender.
Within proximity is the upcoming Bukit Canberra, a 12ha integrated sporting activity and also neighborhood hub. When accomplished in 1H2020, it will consist of a polyclinic, an elderly care center, a sporting activities centre and also a hawker center in a park-like setting.
“Healthy and balanced need for the existing Canberra Web link EC internet site will be derived by its own rather attractive location sandwiched in between 2 MRT terminals, such as the existing Sembawang MRT station as well as the Canberra MRT station, which is actually slated to open by the end of 2019,” claims Tay Huey Ying, JLL’s mind of research study and also consultancy, Singapore.