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Parc Canberra website introduced for tender

Jacob Arndell, October 7, 2019

HDB has put an exec apartment (EC) internet site at Canberra Web link in Sembawang up for sale by public tender. The 99-year leasehold internet site is actually the only EC tract of five validated checklist web sites under the very first half-2019 federal government property purchases (GLS) programme. The Canberra Web link tract, which covers 179,651 square feet, may generate approximately 385 domestic units. It possesses a max disgusting floor area of 413,194 square feet and also a maximum property height of forty five to 55 metres.

Read more: Parc Canberra location

The tender for the tract will close at 12 midday on July 3. It is actually the second EC site launched in the area. The previous tender, which closed in September last year, was actually fiercely contended along with Hoi Hup Real Estate as well as Sunway Advancement defeating 8 other bidders with their quote of $271 million, or even $558.22 psf per piece ratio (ppr). The web site can produce around 495 systems.

Lee Sze Teck, scalp of study at Huttons determines rates for the present Canberra Web link EC internet site to become between $520 and also $570 psf ppr based upon the earlier price spent for the previous tender.

Within proximity is the upcoming Bukit Canberra, a 12ha combined sporting activity and neighborhood center. When accomplished in 1H2020, it will certainly make up a polyclinic, an elderly treatment centre, a sporting activities centre and also a hawker center in a park-like atmosphere.

“Healthy and balanced need for the existing Canberra Web link EC web site are going to be actually founded by its own relatively attractive location sandwiched in between two MRT stations, such as the existing Sembawang MRT station and also the Canberra MRT terminal, which is actually slated to open up due to the edge of 2019,” claims Tay Huey Ying, JLL’s mind of investigation and also consultancy, Singapore.

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