HDB has actually placed a manager residence (EC) web site at Canberra Link in Sembawang up for purchase by public tender. The 99-year leasehold website is the only EC tract of five validated list internet sites under the 1st half-2019 federal government land sales (GLS) program. The Canberra Hyperlink plot, which reaches 179,651 square foot, may produce up to 385 residential devices. It has an optimum gross flooring place of 413,194 sq ft and also an optimum property height of 45 to 55 metres.
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The tender for the plot will certainly finalize at 12 midday on July 3. It is actually the 2nd EC web site discharged in the area. The previous tender, which approached September in 2014, was actually fiercely contested along with Hoi Hup Real Estate and Sunway Dope beating out eight other bidders with their quote of $271 million, or $558.22 psf every lot ratio (ppr). The web site may yield approximately 495 devices.
Lee Sze Teck, scalp of research at Huttons determines prices for the present Canberra Link EC internet site to be in between $520 and $570 psf ppr based upon the earlier cost spent for the previous tender.
Within proximity is the upcoming Bukit Canberra, a 12ha included sporting activity as well as community hub. When finished in 1H2020, it will comprise a polyclinic, an elderly treatment centre, a sporting activities centre and also a hawker facility in a park-like environment.
“Well-balanced need for the current Canberra Web link EC internet site will certainly be actually derived by its relatively appealing place sandwiched between two MRT terminals, such as the existing Sembawang MRT terminal as well as the Canberra MRT station, which is actually slated to open up by the edge of 2019,” states Tay Huey Ying, JLL’s head of study and also consultancy, Singapore.