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New EC by MCC Land and
New Condos launching in

Canberra New Town
Coming from 2020 and 2021

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PROJECT DETAILS

 
 

** FIRST TIME BUYERS: If you are planning to buy your very first property and do not know whether to buy a BTO, a new launch EC or Private Condo, let us discuss your best possible option.

** EXISTING HDB OWNERSPrices of HDBs are staying stagnant, if not dropping. Preserve your wealth. If you are planning to change to another property, and would like to know whether to buy a EC or private condominiums, let us help you to assess your best possible options to get better returns on your dollars. Grow your wealth. We do not want to under-leverage ourselves.


Land behind Canberra MRT for 2 Condo New Developments

Canberra, located in between Yishun and Sembawang Housing Estates, in the Northern Region of Singapore, is turning itself into a new estate. Residents here will benefit not only from Canberra MRT Station but also Bukit Canberra, an upcoming sports and community hub which is set to open progressively from 2020. A new Canberra Plaza, opposite of Canberra MRT Station, will open for the residents here with NTUC, Cold Storage, Cafes and Educational, Enrichment and Childhood Development Centres.

Another EC site next to Parc Canberra was sold to MCC Land, as part of Government Land Sales (GLS), in 2019. It is short walking distance to new Canberra MRT Station and is along Canberra Link towards Yishun Avenue 2 and is bounded by Canberra Crescent and Sembawang Road.

It is listed under the confirmed list of sites and is allocated to be developed into Executive Condominium (EC).

Canberra New Ec 2nd

2nd plot of EC- MCC Land (Singapore)- next to Parc Canberra

new EC in Canberra Drive

There are 2 other land parcels under Government Land Sales (GLS). They are located along Canberra Drive, the same road that leads to Brownstone EC and Visionaire EC. They and are listed under the confirmed list of sites and are allocated to be developed into Private Condominiums.

Parcel A spans an area of 143,325.88 square feet. It can yield about 220 housing units. Oasis Development, which is owned by boutique developer, JBE Group, won the top bid of S$129.20 million. This translates into a land cost of S$644 psf ppr.

The larger Parcel B has an area of 296,721 square feet and It can yield about 455 units. UOL Group won the top of S$270.2 million, translating into a land cost of S$650 psf ppr.

These 2 land parcels can build to a maximum of 5 storeys and are expected to launch in the range of S$1350psf.

Other developments in the vicinity of Canberra include The Nautical, Springhill, Yishun Emerald, Yishun Sapphire, Eight Courtyards, Sky Park Residences, Parc Life, Brownstone and The Visionaire.


New EC Launch at Canberra Link- Connectivity
New and Upcoming Canberra Link EC is approximately 500 m away from Canberra MRT Station which starts its operation in 2019 and 700 m away from Sembawang Town Centre where future residents can access to the Sembawang Interchange and Sembawang MRT Station which operates the North South Line.

To drive to the Orchard Shopping area from new EC at Canberra Link, it will take approximately 21 minutes. It will take approximately 24 minutes for future residents of New EC to head down to the Central Business District (CBD). The nearby Seletar Expressway (SLE) allows easy connectivity to the Tampines Expressway (TPE) and the Central Expressway (CTE) which makes driving a breeze to various parts of Singapore from New Canberra Link EC.

The upcoming North South Expressway will be ready by 2026. Transportation in the North Region will expand and it will serve the residents in the North, bringing them to City Centre and saving them up to 30% of travelling time.


New EC Launch at Canberra Link- Amenities
New Canberra Link EC is a short walk to the Sembawang Shopping Centre which is approximately 500 m away where future residents may access to many retail outlets, eating joints and supermarket where they can get their daily necessities. Alternatively, future residents may patronise Sun Plaza located at Sembawang Town Centre.

New Canberra Plaza, opposite Canberra MRT, will have Learning, Education and Dancing Schools, Bakeries, Star Bucks, Cafes, NTUC, Cold Storage and other retail shops, hence bringing further conveniences to future residents of Canberra.

New EC at Canberra Link is a short drive away to Chong Pang City where future residents can get a wide array of groceries, daily necessities to various services. It is 1 MRT Station to North Point City, the Biggest Shopping Mall in the Northern Region of Singapore, where residents can have spoilt of choices of dining, shopping, leisure and entertainment.


New EC Launch at Canberra Link- Education
There are many schools such as Sembawang Primary School, Wellington Primary School, Canberra Primary School, Endeavour Primary School, Ahmad Ibrahim Primary School, Chongfu Primary School, Yishun Primary School, Xishan Primary School, Sembawang Secondary School, Ahmad Ibrahim Secondary School, Canberra Secondary School and also Northland Secondary School.

Canberra is a new town, nestled in the tranquility and serene of greenery. With new and exciting amenities, education instituitions, health care centres, recreational spaces and infrastructures, where future residents can laid back and relax in. 


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Project  Canberra Link New EC 2021
Developer  MCC Land (Singapore)
Location  Canberra Link (Sembawang Planning Area)
District  27
Tenure  99 years lease from
Site Area  16,689 square metres/179,651 square feet
GFA:  38,387 square metres/ 413,197 square feet
Plot Ratio  2.5
Expected TOP Date:
Total Units  Approximately 350 residential apartments
Total Carpark  TBA
Development  Executive Condo comprising of communal facilities
Unit Type:
Architect
Eligibility SC/ SC, SC/SPR can buy
Project  New Condo at Canberra Drive Parcel A
Developer  Oasis Development by JBE Holdings
Location  Canberra Drive (Sembawang Planning Area)
District  27
Tenure  99 years lease from
Site Area  13,315 square metres/ 143,325 square feet
GFA:  18,641 square metres/ 200,655 square feet
Plot Ratio  2.5
Expected TOP Date:
Total Units  Approximately 225 residential apartments
Total Carpark  TBA
Development  Private Condo comprising of communal facilities
Unit Type:
Architect
Eligibility SC, SPR and Foreigner can buy (No restriction)
Project  New Condo at Canberra Drive Parcel B
Developer  United Venture Development (UOL Group)
Location  Canberra Drive (Sembawang Planning Area)
District  27
Tenure  99 years lease from
Site Area  27,565 square metres/ 296719 square feet
GFA:  38,592 square metres/ 296,719 square feet
Plot Ratio  1.4
Expected TOP Date:
Total Units  Approximately 470 residential apartments
Total Carpark  TBA
Development  Private Condo comprising of communal facilities
Unit Type:
Architect
Eligibility SC, SPR and Foreigner can buy (No restriction)

LOCATION MAP and AMENITIES

New Canberra Link EC is walking distance to a new MRT station, between Yishun and Sembawang MRT Station, along the North-South Line. And the future station will be ready in 2019. An approximate 5 minutes walk distance to the upcoming Canberra MRT Station adds convenience and efficiency to the residents of the Ec in Canberra Link.

3 sites within the vicinity of New Condo at Canberra Link have been zoned and reserved for schools.

Mcc EC Canberra Link

Amenities Near New Canberra Link EC

Category Important Amenities Near New EC at Canberra Link Approximate Distance
Train Stations Sembawang (NS13)
Canberra ( NS12)
0.7km
0.3km 
Bus Stop Aft Canberra Road (Bus: 167, 856, 858, 859, 980)
Bef Canberra Road (Bus: 167, 856, 858, 859, 980)
0.2km
0.3km
Supermarkets Giant (Sembawang Shopping Centre)
Fairprice (Sun Plaza)
Cold Storage (Northpoint)
Prime (761 Yishun)
0.5km
0.8km
2.1km
2.5km
Shopping Malls Sembawang Shopping Centre
Sun Plaza
0.5km
0.8km
Education Institutions Preschool
Edelweiss Kindergarten
PCF Chong Pang Blk 317-315
PCF Sembawang Blk 507D-501D-503C
PCF Canberra Blk 330-319-327-328
Putra-Putri Kindergarten
Zulfa Kindergarten @ Sembawang Mart
PCF Canberra Blk 413 – 405
PCF Canberra Blk 468D-468C
PCF Chong Pang Blk 122
Darul Makmur Mosque Kindergarten
0.5km
0.6km
0.7km
0.9km
0.9km
1.0km
1.1km
1.4km
1.4km
1.4km
Primary
Sembawang Primary School
Wellington Primary School
Canberra Primary School
Endeavour Primary School
Ahmad Ibrahim Primary School
Chongfu Primary School
Yishun Primary School
Xishan Primary School
0.5km
1.0km
1.3km
1.3km
1.6km
1.7km
1.7km
2.0km
Secondary
Sembawang Secondary School
Ahmad Ibrahim Secondary School
Canberra Secondary School
Northland Secondary School
1.0km
1.2km
1.5km
2.0km
Junior College
Yishun Junior College 2.4km
Tertiary
Republic Polytechnic 4.5km
International
GEMS World Academy 3.6km
Food Centre Chong Pang Market & Food Centre 1.7km
Lifestyle Montreal Green
Eagle Club
Terror Sea Scout
Yishun Neighbourhood Park
Terror Club
HomeTeamNS @ Sembawang
0.3km
1.0km
1.3km
1.4km
1.4km
1.4km

FACILITIES SITE and FLOOR PLANS PLAN E-BROCHURE

The Facilities and Site plan of new EC at Canberra Link, Sembawang, are currently seeking approval from relevant authorities. 

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CONDOS WITHIN WALKING DISTANCE OF CANBERRA MRT STATION

Canberra MRT Station, started its operation in 2019, along the North-South Line. Canberra is turning into a new town with many new amenities and education centre. Here is a list of condominiums that are just a short walk from the newly opened MRT Station.

The Nautical

The Nautical Price Trend

The Nautical

Located next to Sembawang Shopping Centre, The Nautical. a 99-year leasehold, consist of 435-unit development that is bounded by Jalan Sendudok and Sembawang Road. It is about 900 metres to Canberra MRT. Completed in 2016, The Nautical development is a resort-style development and consists of 4 blocks.

Canberra Residences

Canberra Residences Price Trend

Canberra Residences

Developed by MCC Land, Canberra Residences is a 99 years leasehold, a 320-unit development that is a resort-styled condominium and is only 5 minutes away from Canberra MRT. It consists of 320 units and unit mixes include 1, 2, 3 and 4 bedroom apartments with dual-key units included in the development as well.

The Brownstone EC

Visionaire Price trend

The Brownstone

Influenced by New York, Brownstone EC is around a 3-minute walk from Canberra MRT. Developed by City Development and TID International, this 99-year leasehold, 638-unit EC project is set to MOP in 2024. The Brownstone's distinctive sandstone facade and jetty balconies bring New York to mind and sets it apart from other EC projects.

Yishun Sapphire

Completed in 2000, Yishun Sapphire is 99-year leasehold with 380 units. It is closer to Yishun Neighbourhood Park than the other condos but is 600m walk to Canberra MRT.

Eigth Courtyard

Eight Courtyards Price Trend

Eight Courtyards

This is a 99-year leasehold condominium. Completed in 2015 and comprises of 656 units. Eight Courtyards is relatively close to Yishun MRT Station and Canberra Mrt Station. 

One Canberra

One Canberra Price Trend

One Canberra

One Canberra, a 665-unit development completed in 2015. Developed by MCC Land, One Canberra has 13 towers with a mixes of 3, 4 and 5-bedroom and dual key configurations.

Recent pricing for this development has been reasonable, like this 1259 sq ft unit with an asking of $1.05 million. If you boil it down, this is a pretty fair $834 psf pricing. 

WILL THE PROPERTY PRICES IN SINGAPORE BE COMING DOWN?

The Singapore Income growth index has increased over the years and reached an equilibrium with the property price index. Unlike during the mid 2000s, property prices increased to a level which was out of reach to many Singaporeans. This makes prices of condo affordable and per month debt repayment manageable. With an average household income of S$13,000, a couple can choose to purchase a condo price at $2.3m. A good size 3 bedrooms cost around S$1.6m in today's market. Debt ratio versus income has dropped. The drop in interest rate has further reduced the per month repayment.
 
Not only has income in Singapore grown over the years, the household liabilities has dropped significantly for the past decade as well while the property price index held stagnant since the tightening of measures in 2013, TDSR was implemented. Property price index had been stagnant. We had lost 7 years of property prices growth. 
 
During this time, Singapore has structured itself also with a younger working population. This is important as the younger generation are able to drive better our GDP and as well as our consumption growth. Our GDP growth has well exceeded our property price growth during this period. 
 
Forbearance programmes are offered by banks for clients who need short term relief in their installment payment but I see that there will not be many people who need to be utilising this. If you are a buyer looking for investment, do whatever you can to build up some cash reserves, for up to a year would be good, to protect yourself from mortgages. 
 
Singapore shall continue with our productivity growth and further restructure our economy with new jobs.
 
The Economic Development Board (EDB) has managed to secure $13 billion in investment commitments in the first four months of 2020, which has surpassed the targets for the whole year. These investments come partly from electronics and infocomm media sectors. Thousands of jobs will be generated. Due to the change in the market, more jobs will be added to Singapore's capitalisation of the IT industry, namely, semiconductor as Singapore rolls out the 5G technology. We have changed our way of working and our daily lives with the recent pandemic, it has fastern the route on our reliance on the IT, so more jobs will be created in the e-commerce and the digital economic space. Singapore is moving forward with a greater productivity to remain competitive, because in the long run, this is what matters. 
 
Anti-speculation measures have also been implemented over the course of 8 measures. Average holding period for a property has been increased to 8 years. 
 
Additional stamp duty (ABSD) are imposed on buyers for 2nd and 3rd property onwards and slightly higher for PRs. Foreigners who want to have a stake in Singapore's properties will need to pay an additional of 20% in taxes.
 
Qualifying certificate and additional stamp duties (ABSD) are imposed on developers as well to ensure that there is no hoarding of land by them.
 
There is alot of buyers in the market looking to buy a real estate for investment. Please do keep an eye on the number of people buying a home, the available supply of homes for purchase in the market and foreclosure if any. The way that I see, it is unlikely to see a state of foreclosure in Singapore. I am certain to see more buyers than sellers. We have worked for this for the past decade and shall see ourselves coming out of the de-leveraging process. We shall see a gradual growth and sustainable price increase in Singapore homes.

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MCC LAND OFFERS HIGHEST BID FOR EC LAND PARCEL AT CANBERRA LINK

On 3 July, 2019 at the state tender at Sembawang for an EC site at Canberra Link. MCC Land obtained the top bid of $233.89 million out of the total eight bids. The project site has a land area of 16690 square meters and 2.3 plot ratio.

The bid exceeded the second highest bid by mere $0.95 per square feet, which demonstrated MCC’s astute judgement and understanding of the market.

The second highest bid was offered by CDL Constellation and TID Residential at $233.5 million.

MCC Land’s relative success of their recent projects Northwave (EC), the Alps Residences and Queens Peak may have encouraged it to replenish their land bank.

Demand for EC is considered as “more resilient as the deferred payment policy gives buyers of ECs an advantage.

PRIVATE CONDO LAND SITES AT CANBERRA DRIVE SOLD WITHIN MARKET EXPECTATIONS

The sales tender for two private residential GLS sites in Canberra Drive (Parcels A and B) with the land bids generally within market expectations.

“We believe developers probably took some comfort from the decent home sales in recent months and healthy buying interest in certain upcoming projects,” said Tricia Song, Head of Research for Singapore at Colliers International.

Canberra Drive’s Parcel A attracted five bids, with Oasis Development submitting the top bid of $129.2 million or $644 per sq ft per plot ratio (psf ppr).

The second highest offer of $124.9 million came from MCC Land (Singapore) and Greatview Group, while CSC Land Group (Singapore) submitted the lowest bid of $114 million.

Parcel B fetched four bids, with UOL-controlled United Venture Development (2020) placing the highest bid of $270.2 million or $650 psf ppr.

MCC Land (Singapore) and Greatview Group once again submitted the second-highest bid at $257.9 million. The lowest bid also came from CSC Land Group (Singapore) at $240 million.

Launched for sale under the Confirmed List of the Government Land Sale (GLS) programme for the second half of 2019, the two sites were initially listed as a single plot under the first half of the 2019 GLS programme. They are split into two plots on the GLS Confirmed List to ensure that they will be more digestible and appealing to developers, said Desmond Sim, Head of Research for Southeast Asia at CBRE.

“Parcel B is almost twice as large as Parcel A, yielding up to 455 units while Parcel A can yield 220 units. The sites are attractive considering their proximity to Canberra MRT station, Sembawang Shopping Centre and Sun Plaza,” he added.

In fact, Liam Wee Sin, Group Chief Executive of UOL, expects the GLS site in Canberra Drive to attract “healthy demand from the large catchment of owner-occupiers and potential HDB upgraders due to the increasing popularity of Canberra as a new integrated estate”.

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