A 28,745.9 sq m Executive Condominium (EC) land parcel at Canberra Link has been awarded to Qingjian Realty by HDB. Qingjian Realty won the bid with a tender price of $229.4 million.
There was only two bidders for the executive condominium plot, the other bidder being TID Residential and a subsidiary of City Developments Limited (CDL), Verwood Holdings.
The 309,418 sq ft located at the junction of Sembawang Road and Canberra Link has a plot ratio of 2.1, which translate to $353 psf per plot ratio (ppr). This is the sixth EC project by Qingjian, and this site can yield up to 600 homes.