PARC CANBERRA

PARC CANBERRA

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.

Overview

Project: PARC CANBERRA

District: D27 - YISHUN, SEMBAWANG

Region: Outside Central Region (OCR)

Property Type: NON-LANDED RESIDENTIAL CONDO EXECUTIVE CONDOMINIUM

Tenure: 99 Years

Total Units: 496

Available Units: 0

Expected TOP: 9 SEPTEMBER 2023

Developer: Hoi Hup Sunway Canberra Pte Ltd

HOI HUP SUNWAY

Hoi Hup Sunway – a consortium comprising Hoi Hup Realty Pte Ltd and Sunway Developments Pte Ltd.

ABOUT HOI HUP REALTY PTE LTD

Hoi Hup Realty Pte Ltd is a well-established property developer based in Singapore.
 
Under Hoi Hup Group of companies, our portfolio sports numerous locales both prominent and notable developments like Residences @ Killiney, Shelford23, Suites @ Cairnhill, Charlton Villas, De Royale and more.
 
Through the philosophy of creating living spaces of the highest level of style, comfort and functionality, we established ourselves locally as an exceptionally esteemed property developer, forging into the fray, high quality living spaces for today’s diverse market.

With unflinching, dedicated and steadfast commitment, Hoi Hup Realty Pte Ltd has clinched numerous accolades, most notably, the BCA Best Buildable Design Award Merit 2007 and Construction Excellence Award 2008 for the De Royale Condominium and the coveted SME 500 Award for its exceptionally promising SME. With year of industry experience and a proven track record for excellence, Hoi Hup Realty Pte Ltd is poised to tale its position as a premier niche developer, adding that personal touch to all project served, because at Hoi Hup, we craft homes for you.
 

ABOUT SUNWAY DEVELOPMENTS PTE LTD

Sunway Developments Pte Ltd Sunway is a wholly subsidiary of Sunway Concrete Products (S) Pte Ltd, a Sunway Group company; The Malaysia conglomerate core businesses include property development and investment, real estate REIT, design and build construction, building materials, leisure, and education, information technology and hospitality. Having received accolades from international bodies like FIABCI and IFAWPCA, they have also forged strategic partnerships with global investors such of Government Investment Corporation of Singapore (GIC), Malaysian Provident Fund (EPF), Kuwait Finance House (KFH) and Goldman Sachs, Sunway Reit is also the largest Malaysia Reit in terms of assent size as well as free float.

One of Singapore’s leading concrete precasters in Singapore, the company has projects in both public and private sectors, and has worked on several Design & Build Projects such as lkea @ Tampines and The Meadows at Punggol, Design-Build-Sell-Scheme on R&D exercise to implement innovative products such as prefabricated toilet systems and lift upgrading to cater to the needs of the ever-changing market.
 

Land Size: 18,040.6 Sqm

Plot Ratio: 2.8