HDB has put a manager apartment (EC) website at Canberra Link in Sembawang up for sale by public tender. The 99-year leasehold internet site is the only EC parcel of five confirmed checklist websites under the very first half-2019 authorities property purchases (GLS) program. The Canberra Link plot, which covers 179,651 square feet, can yield as much as 385 domestic devices. It has an optimum disgusting floor place of 413,194 square feet and a maximum structure height of 45 to 55 metres.
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The tender for the tract will definitely close at 12 twelve o’clock on July 3. It is the second EC site released in the place. The previous tender, which closed in September in 2014, was hotly contested along with Hoi Hup Real Estate and Sunway Developments beating out 8 various other bidders along with their bid of $271 thousand, or even $558.22 psf per plot proportion (ppr). The internet site may produce as much as 495 devices.
Lee Sze Teck, head of analysis at Huttons approximates costs for the present Canberra Link EC website to be in between $520 and $570 psf ppr based on the earlier cost purchased the previous tender.
Within proximity is actually the upcoming Bukit Canberra, a 12ha included sport as well as community center. When accomplished in 1H2020, it will definitely comprise a polyclinic, an elderly treatment center, a sporting activities centre and also a hawker facility in a park-like setting.
“Healthy demand for the current Canberra Hyperlink EC internet site will definitely be derived through its own relatively desirable place sandwiched between pair of MRT terminals, particularly the existing Sembawang MRT terminal and also the Canberra MRT station, which is slated to open by the edge of 2019,” says Tay Huey Ying, JLL’s mind of investigation and consultancy, Singapore.