HDB has placed a manager condominium (EC) internet site at Canberra Link in Sembawang up for sale by public tender. The 99-year leasehold site is the only EC tract of 5 validated checklist websites under the very first half-2019 federal government land sales (GLS) program. The Canberra Link parcel, which spans 179,651 square feet, can easily give approximately 385 non commercial units. It possesses a maximum disgusting flooring place of 413,194 square foot as well as a maximum property level of 45 to 55 metres.
Mentioned: Parc Canberra showflat
The tender for the tract will certainly finalize at 12 twelve o’clock on July 3. It is actually the second EC website discharged in the location. The previous tender, which enclosed September in 2014, was fiercely contended with Hoi Hup Real Estate as well as Sunway Developments defeating 8 various other bidders with their offer of $271 thousand, or $558.22 psf per plot proportion (ppr). The internet site may generate approximately 495 units.
Lee Sze Teck, scalp of study at Huttons predicts prices for the current Canberra Web link EC internet site to become in between $520 and $570 psf ppr based on the earlier price paid for the previous tender.
Within closeness is the upcoming Bukit Canberra, a 12ha integrated sport and neighborhood hub. When finished in 1H2020, it will make up a polyclinic, a senior care center, a sports facility as well as a hawker centre in a park-like environment.
“Well-balanced requirement for the present Canberra Link EC website will definitely be actually founded by its own fairly appealing site sandwiched in between 2 MRT stations, specifically the existing Sembawang MRT terminal as well as the Canberra MRT terminal, which is slated to open due to the end of 2019,” states Tay Huey Ying, JLL’s head of investigation as well as working as a consultant, Singapore.