Canberra EC site launched for tender
HDB has put an executive condominium (EC) site at Canberra Link in Sembawang up for sale by public tender. The 99-year leasehold site is the only EC parcel of five confirmed list sites under the first half-2019 government land sales (GLS) programme. The Canberra Link parcel, which spans 179,651 sq ft, can yield up to 385 residential units. It has a maximum gross floor area of 413,194 sq ft and a maximum building height of 45 to 55 metres.The tender for the parcel will close at 12 noon on July 3. It is the second EC site released in the area. The previous tender , which closed in September last year, was hotly contested with Hoi Hup Realty and Sunway Developments beating out eight other bidders with their bid of $271 million, or $558.22 psf per plot ratio (ppr). The site can yield up to 495 units.
