HDB has placed an executive condo (EC) internet site at Canberra Link in Sembawang up for sale by social tender. The 99-year leasehold site is the only EC parcel of five validated listing web sites under the 1st half-2019 federal government property purchases (GLS) programme. The Canberra Link plot, which covers 179,651 square foot, can easily produce around 385 property units. It possesses a maximum disgusting flooring region of 413,194 square feet and also a maximum structure level of forty five to 55 metres.
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The tender for the plot will definitely finalize at 12 noontime on July 3. It is actually the 2nd EC internet site released in the area. The previous tender, which approached September in 2015, was fiercely contested with Hoi Hup Realty and Sunway Developments beating out eight other bidders with their bid of $271 thousand, or even $558.22 psf every lot proportion (ppr). The internet site can easily generate around 495 units.
Lee Sze Teck, head of research at Huttons predicts prices for the existing Canberra Link EC internet site to become in between $520 and $570 psf ppr based on the earlier cost paid for the previous tender.
Within proximity is actually the upcoming Bukit Canberra, a 12ha included sporting activity and neighborhood hub. When accomplished in 1H2020, it will definitely comprise a polyclinic, an elderly care facility, a sports centre and also a hawker center in a park-like atmosphere.
“Healthy need for the current Canberra Hyperlink EC internet site will definitely be actually founded through its own reasonably desirable site sandwiched between two MRT terminals, specifically the existing Sembawang MRT station and also the Canberra MRT station, which is actually slated to open up by the end of 2019,” points out Tay Huey Ying, JLL’s head of analysis as well as consultancy, Singapore.