Parc Canberra EC site at Canberra Link hits $271m of the top bid


Parc Canberra EC site at Canberra Link hits $271m of the top bid

The rest of the eight bidders had bid a ranged from $201m to $258m.

The Parc Canberra Executive Condominium (EC) site located at Canberra Link which put up for tender in June had interest a total of 9 bids, with a top bid closing at $271m by the well known property developers, Hoi Hup Realty and Sunway Developments. The executive condominium is a privilege to Singapore Citizen and Permanent Residents for the affordable pricing, the project will be subjected with the regulation by Housing and Growth Board (HDB).

The Knight Frank Singapore senior director also the head of analysis, Lee Nai Jia had made a remark that the Canberra Link site is one of the highly anticipated launch in the near future. The real estate developers had also been eyeing for the land parcel which is close to the upcoming Canberra MRT station, to be completed by December 2019.

From the the costs of building of the nearby residential developments, Parc Life and The Visionaire were price between $750 to $1,000 psf depending on the sizes, storey and facing of the units.

Due to the cooling measure, EC has a greater in demand from the rarity of the launch and also a good entry in the price point in the uptrend property market movement.

Home buyers would also grab these opportunity as a good time to upgrade their lifestyle for their family in Singapore.

Home buyers can now register here to have an Early-Preview of the Parc Canberra showflat.



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