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.
Executive Condominium (EC) land parcel at Canberra Link