HDB has put an exec condominium (EC) site at Canberra Link in Sembawang up for purchase by social tender. The 99-year leasehold website is actually the only EC tract of 5 validated listing sites under the first half-2019 federal government property purchases (GLS) programme. The Canberra Link parcel, which stretches over 179,651 square feet, can generate as much as 385 home units. It has an optimum gross flooring place of 413,194 square feet as well as a max building level of 45 to 55 metres.
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The tender for the tract will certainly finalize at 12 noontime on July 3. It is the second EC internet site launched in the area. The previous tender, which enclosed September in 2013, was fiercely contested along with Hoi Hup Realty and Sunway Developments vanquishing 8 other prospective buyers with their proposal of $271 thousand, or $558.22 psf per area proportion (ppr). The internet site can easily provide up to 495 units.
Lee Sze Teck, head of study at Huttons approximates rates for the present Canberra Link EC site to become between $520 as well as $570 psf ppr based on the earlier rate spent for the previous tender.
Within proximity is the upcoming Bukit Canberra, a 12ha incorporated sporting activity and community hub. When accomplished in 1H2020, it is going to comprise a polyclinic, a senior care facility, a sports centre and a hawker centre in a park-like environment.
“Healthy and balanced need for the existing Canberra Hyperlink EC web site are going to be underpinned by its own relatively eye-catching site sandwiched in between pair of MRT stations, namely the existing Sembawang MRT station and the Canberra MRT station, which is actually slated to open due to the end of 2019,” says Tay Huey Ying, JLL’s mind of research and working as a consultant, Singapore.