HDB has put a manager condo (EC) website at Canberra Web link in Sembawang up for sale by social tender. The 99-year leasehold web site is the only EC plot of 5 verified list sites under the 1st half-2019 government land purchases (GLS) program. The Canberra Web link tract, which stretches over 179,651 square foot, can easily generate approximately 385 non commercial units. It has an optimum disgusting floor area of 413,194 square feet and a maximum property height of 45 to 55 metres.

Proposed: Parc Canberra floor plan

The tender for the parcel will certainly shut at 12 midday on July 3. It is the second EC website launched in the location. The previous tender, which closed in September last year, was actually fiercely objected to with Hoi Hup Real Estate and Sunway Developments beating out 8 other prospective buyers along with their quote of $271 thousand, or $558.22 psf per plot ratio (ppr). The site can easily produce around 495 units.

Lee Sze Teck, scalp of investigation at Huttons predicts prices for the current Canberra Hyperlink EC site to become in between $520 and also $570 psf ppr based on the earlier cost spent for the previous tender.

Within proximity is the upcoming Bukit Canberra, a 12ha combined sporting activity as well as community center. When accomplished in 1H2020, it will consist of a polyclinic, a senior treatment centre, a sporting activities center as well as a hawker centre in a park-like atmosphere.

“Healthy demand for the existing Canberra Link EC internet site will certainly be founded by its own rather attractive location sandwiched between 2 MRT stations, particularly the existing Sembawang MRT station and also the Canberra MRT station, which is actually slated to open up due to the edge of 2019,” states Tay Huey Ying, JLL’s mind of investigation as well as working as a consultant, Singapore.