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Parc Canberra internet site launched for tender

Toby Lambert, October 7, 2019

HDB has actually put a manager residence (EC) site at Canberra Hyperlink in Sembawang up for sale through public tender. The 99-year leasehold site is the only EC plot of 5 verified checklist internet sites under the very first half-2019 authorities property purchases (GLS) program. The Canberra Hyperlink parcel, which stretches over 179,651 sq ft, may generate around 385 non commercial devices. It possesses an optimum disgusting flooring region of 413,194 square feet as well as a maximum building level of forty five to 55 metres.

Suggested: Parc Canberra

The tender for the parcel will definitely finalize at 12 noon on July 3. It is actually the second EC site discharged in the place. The previous tender, which approached September in 2014, was actually fiercely contested with Hoi Hup Real Estate and Sunway Developments defeating eight other prospective buyers with their offer of $271 thousand, or even $558.22 psf per piece proportion (ppr). The web site may produce around 495 systems.

Lee Sze Teck, scalp of study at Huttons determines costs for the existing Canberra Web link EC site to become in between $520 as well as $570 psf ppr based upon the earlier rate spent for the previous tender.

Within distance is the upcoming Bukit Canberra, a 12ha combined sporting activity and also community center. When finished in 1H2020, it will make up a polyclinic, a senior care centre, a sports centre and also a hawker centre in a park-like environment.

“Well-balanced demand for the existing Canberra Web link EC site will definitely be founded by its own fairly attractive location sandwiched between pair of MRT stations, such as the existing Sembawang MRT terminal and the Canberra MRT station, which is slated to open up due to the edge of 2019,” mentions Tay Huey Ying, JLL’s head of research study as well as working as a consultant, Singapore.

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