PROJECT DETAILS

LOCATION and AMENITIES

Residents of New condo at Canberra Drive can walk to the Canberra MRT Station within a short walk of 5 minutes

Amenities Near Canberra Drive

SITE PLAN and RESIDENTIAL FLOOR PLANS

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NORTHERN REGION ENHANCING CONNECTIVITY

Residents of the North will experience the efficiency of the North South Expressway which will be ready in 2026 and Thomson Line, full line to be completed in stages by 2021.

Thomson Line-  Rail Network by 2021

Thomson Line- More options of accessibility with lesser time travelled

Thomson Line Stages of opening

Stage 1- January 2019 to December 2019

Thomson Line TSL will be completed in 3 stages. The first stage will have 3 stations, Woodlands North MRT Station, Woodlands MRT Station and Woodlands South MRT Station.

Stage 2: January 1 2020 to December 31  2020

The second stage, which will be completed by 2020, will have 6 stations, stretching from Springleaf  MRT Station to Caldecott MRT Station.

Stage 3: January 1 2021 to December 31 2021

The last stage of Thomson Line TSL which is due to be completed by 2021, stretching from Mount Pleasant MRT Station to Gardens by the Bay MRT Station, Thomson Line TSL will serve 400,000 commuters daily.

Together with North South Expressway, connectivity wil expand manifold.

CHEAPEST NEW CONDOMINIUM WILL BE A VALUABLE INVESTMENT FOR THE FUTURE

The concept of Executive Condominiums (ECs) is to cater to the aspirations of Singaporeans to own affordable private housing. ECs are governed by the Executive Condominium Housing Scheme Act and they are strata-titled apartments. 

ECs can be an valuable asset to hold, as over time, it appreciates in value. One example will be the EC in Bishan Loft. The median unit during launch year was S$418psf. Its median resale unit price in 2019, is at S$1,154psf, a 176.1% increase since its launch year.

ECs are well-sought after by buyers and investors. However, like public housing, EC is subjected to similar restrictions during the initial phase. The 10 year period, however, this restrictions will no longer apply. It can be fully privatised and sold to PRs as well as foreigners. Thus, increasing its full capital potential gain.

PRICES OF ECs IN CANBERRA SEMBAWANG MAKING THEIR PROFITS

Brownstone EC in Canberra Drive

The 2.85ha site, in Canberra Drive near Sembawang Shopping Centre, had drawn a top bid price of $226 million.

The top offer price  was lodged by property giant City Development's unit Verwood Holdings and TID Residential, for Canberra Drive EC, which works out to about $350 per sq ft (psf) per plot ratio (ppr).

CDL's offer was just 4.4 per cent higher than the second-highest bid from MCL Land, which submitted an offer of $216.5 million, or $335.33 psf ppr.

Visionaire EC in Canberra Link

The site, located at the junction of Sembawang Road and Canberra Link, sits on about 309,418 sqf of land with a plot ratio of 2.1 and Qingjian’s bid works out to around S$353 per square foot per plot ratio. It was well above the S$300-to-S$330 range that the analysts had expected.

Qingjian Realty submitted the top offer of $229.4 million for the 309,418 sq ft site with a plot ratio of 2.1 located the junction of Sembawang Road and Canberra Link. This translates to 353 psf per plot ratio (ppr), surpassing the $300 to $330 range anticipated by experts.

UOL AND JBE GROUP WIN 2 GLS SITES FOR CONDO DEVELOPMENTS NEAR CANBERRA MRT STATION AT DISCOUNTS

UOL Group secured an Urban Redevelopment Authority condo development site in northern Singapore’s Canberra with a bid of S$270 million ($195 million), while boutique condo developer JBE Holdings won an adjoining plot with a S$129 million bid.

“Developers continue to exercise discretion and prudence in the latest Government Land Sales tenders as reflected by the bids tabled for the three residential sites,” said Colliers International’s head of research for Singapore, Tricia Song, as the winning bids came in as much as 4 percent below expectations. The analyst added that the uncertainty arising from the COVID-19 health scare could depress market prospects as the year progresses.

UOL Wins with S$270M Bid in Northern Singapore

UOL saw off a pair of team bids from a joint venture between Chip Eng Seng unit CEL Development and KSH Holdings and a tie-up between mainland-backed builders MCC Land and Greatview Group, as well as a solo offer from CSCEC subsidiary CSC Land to win the 99-year leasehold site known as Canberra Drive Parcel B.

“We are pleased to be able to clinch Parcel B at Canberra Drive,” said UOL Group’s CEO Liam Wee Sin. “Being the larger of the two sites, this site gives us the opportunity to create an exciting product with about 450 units that is within walking distance to the newly opened Canberra MRT.”

Based on the project’s permissible gross floor area of 415,412 square foot (38,593 square metres), the SGX-listed developer’s bid equates to S$650 per square foot of housing – 3 percent below the S$670 per square foot predicted by Colliers prior to the announcement of the results.

Located within ten minutes’ walking distance of the Canberra MRT, the residential development is restricted to a height of five storeys.

JBE Holdings’ S$129M Bid Frustrates UOL

Market analysts had expected a single developer to win both Canberra Parcel A and the adjoining Canberra Parcel B, allowing the builder to unify the sites as a single development.

However, UOL Group’s bid of S$124.4 million for Canberra A came up 3.8 percent short of JBE Holdings’ tender. The boutique developer helmed by former New World executive director Patrick Lam did not make an offer for Canberra B.

JBE was the only bidder for the 13,315 square metre Canberra A site which did not submit a proposal for the adjoining project, with Lam, who also serves as CEO of Hong Kong-listed property management firm FSE Holdings, having previously focused on executive condo developments.

Based on the permissible gross floor area of 200,661 square feet, the boutique condo developer’s successful bid equates to S$644 per square foot – 3.9 percent lower than the S$670 per square foot expected by Colliers.

The development, which is restricted to a height of 40 metres or five storeys, will yield around 220 units.

With prices for both Canberra developments within 1 percent of each other, Colliers said that it expects selling prices for homes in both projects to average up to S$1,300 per square foot.

Out of the five bids for Canberra A and four for Canberra B, three of the offers for each site came from companies with mainland China backing including CEL Development, CSC Land and MCC Land.

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