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Parc Canberra website introduced for tender

Georgia Gowrie, October 7, 2019

HDB has actually placed an exec apartment (EC) site at Canberra Web link in Sembawang up for purchase through social tender. The 99-year leasehold site is the only EC tract of 5 affirmed listing web sites under the initial half-2019 federal government property sales (GLS) programme. The Canberra Web link plot, which covers 179,651 square feet, can easily yield approximately 385 household units. It has a maximum gross floor place of 413,194 sq ft as well as a max property level of 45 to 55 metres.

Endorse it: Parc Canberra floor plan

The tender for the tract are going to close at 12 twelve noon on July 3. It is the second EC website released in the area. The previous tender, which approached September in 2013, was fiercely opposed along with Hoi Hup Realty and Sunway Dope defeating 8 other prospective buyers along with their proposal of $271 million, or $558.22 psf per lot proportion (ppr). The web site can yield approximately 495 devices.

Lee Sze Teck, head of research study at Huttons approximates costs for the current Canberra Link EC internet site to be in between $520 and also $570 psf ppr based upon the earlier rate spent for the previous tender.

Within distance is the upcoming Bukit Canberra, a 12ha included sporting activity as well as area hub. When finished in 1H2020, it will definitely make up a polyclinic, a senior care centre, a sporting activities facility and a hawker centre in a park-like atmosphere.

“Well-balanced requirement for the present Canberra Web link EC web site will definitely be underpinned by its fairly attractive place sandwiched between 2 MRT stations, particularly the existing Sembawang MRT station and also the Canberra MRT station, which is actually slated to open due to the edge of 2019,” mentions Tay Huey Ying, JLL’s mind of research and consultancy, Singapore.

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