HDB has put an executive residence (EC) site at Canberra Web link in Sembawang up for sale by public tender. The 99-year leasehold web site is actually the only EC parcel of 5 validated checklist websites under the 1st half-2019 federal government land purchases (GLS) programme. The Canberra Link parcel, which spans 179,651 square feet, may produce as much as 385 domestic units. It possesses an optimum disgusting floor region of 413,194 square foot and also a max structure level of forty five to 55 metres.
Read more: Parc Canberra showflat
The tender for the parcel will finalize at 12 twelve o’clock on July 3. It is the second EC internet site released in the region. The previous tender, which closed in September in 2014, was actually fiercely objected to with Hoi Hup Realty and also Sunway Dope defeating 8 various other prospective buyers with their offer of $271 million, or even $558.22 psf per area proportion (ppr). The site may produce as much as 495 units.
Lee Sze Teck, scalp of research at Huttons determines costs for the present Canberra Link EC web site to be between $520 and also $570 psf ppr based on the earlier rate paid for the previous tender.
Within distance is actually the upcoming Bukit Canberra, a 12ha integrated sporting activity and community center. When completed in 1H2020, it will certainly make up a polyclinic, an elderly treatment center, a sporting activities center and also a hawker centre in a park-like atmosphere.
“Healthy and balanced demand for the existing Canberra Hyperlink EC web site will definitely be actually derived by its own rather eye-catching location sandwiched between two MRT stations, particularly the existing Sembawang MRT terminal and the Canberra MRT station, which is slated to open due to the edge of 2019,” claims Tay Huey Ying, JLL’s mind of study and working as a consultant, Singapore.