Parc Canberra, an Executive Condominium (EC) was launched for sale through public tender by the Housing Development Board in the Government Land Sales Programme. The tender for the site closed on 3rd July 2019 receiving a total of 9 bids. Real estate developer Hoi Hup Realty was jointly awarded the site with Sunway Developments after their bid of $271 million emerged to be the highest. The price translates to rounds S$558 psf ppr.
Situated at Canberra Link along Sembawang Road, Parc Canberra enjoys an excellent location in the reputable District 27 of Singapore. The site occupies an area of 18,040.6sqm with a potential to yield up to 45,101.5sqm GFA. The site is expected to feature around 500 residential units with a max height of 45 – 55 meters upon completion.
Being an EC, Parc Canberra will feature a wide range of amenities suitable for residential needs. These include multipurpose rooms, swimming pools, tennis courts, and more. The demand for the residential property is expected to go beyond the ceiling due to its fairly attractive location next to two MRT stations set to be operational before the end of 2019.
Just across the road from Parc Canberra sits the upcoming Bukit Canberra. The future integrated sport and community hub occupies 12 hectares and is set to feature a number of amenities including a hawker centre, a sports centre, a senior care centre and a polyclinic in a park-like environment.
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