HDB has actually placed an exec condominium (EC) site at Canberra Hyperlink in Sembawang up for sale by social tender. The 99-year leasehold site is the only EC parcel of five validated checklist sites under the 1st half-2019 government land sales (GLS) program. The Canberra Web link parcel, which extends 179,651 square feet, may yield approximately 385 home devices. It has an optimum gross flooring location of 413,194 square foot and a max building level of 45 to 55 metres.
Mentioned: Parc Canberra location
The tender for the tract are going to close at 12 midday on July 3. It is actually the second EC internet site released in the region. The previous tender, which approached September in 2015, was fiercely contended with Hoi Hup Realty and Sunway Advancement beating out 8 various other bidders along with their proposal of $271 million, or even $558.22 psf per area proportion (ppr). The web site can provide approximately 495 units.
Lee Sze Teck, scalp of analysis at Huttons determines rates for the present Canberra Hyperlink EC web site to be in between $520 and $570 psf ppr based upon the earlier rate paid for the previous tender.
Within distance is actually the upcoming Bukit Canberra, a 12ha combined sport and community hub. When accomplished in 1H2020, it is going to comprise a polyclinic, an elderly care center, a sports centre and a hawker centre in a park-like setting.
“Healthy need for the current Canberra Web link EC site will certainly be actually underpinned by its own relatively attractive area sandwiched between two MRT terminals, such as the existing Sembawang MRT terminal and the Canberra MRT terminal, which is actually slated to open up due to the edge of 2019,” points out Tay Huey Ying, JLL’s head of study and also consultancy, Singapore.