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4 New and Upcoming
EC and Private Condominiums in
Canberra New Town

Coming from 2020 and 2021

Have you managed to get a unit yet?
Why do I want to buy a New Launch?
Resale is cheaper.
I rather keep my HDB and
buy another for investment.

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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 Resale HDB, BTO or a new launch EC, 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.


At the present moment, there are only 2 ECs in the vicinity of Canberra, namely The Brownstone and Visionaire, which wil reach their MOP in around 2023.

Canberra, in the Northern Region of Singapore, is turning itself into a new estate and is increasing in popularity as an integrated estate. It is located between Yishun and Sembawang housing estates. The residents 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. The sites are also walking distance to both new Canberra Plaza and Sembawang Shopping Centre.

new EC in Canberra Drive

2 more residential sites along Canberra Drive, are sold as part of Government Land Sales (GLS) in 1st quarter of 2020. These land parcels are located along the same road that leads to Brownstone EC and Visionaire EC. Together with New EC by MCC Land and Parc Canberra EC, these land sites are listed under the confirmed list of sites and are allocated to be developed into 2 private condominiums.

Parcel A spans an area of 143,325 square feet with a maximum gross floor area (GFA) of 200,662 square feet. It can yield about 220 housing units, with a maximum building height of 35 to 40 metres or five storeys, whichever is lower.

The larger Parcel B has an area of 296,720 square feet and a GFA of 415,415 square feet. It can yield about 455 units, with a maximum building height of 35 to 50 metres or five storeys, whichever is lower.

New Canberra MRT

New EC in Canberra- Connectivity
New and upcoming Canberra Drive EC is next to new upcoming Canberra MRT Station which started operation in 2019, serving the North South Line. New Canberra Drive EC’s residents can experience fast and convenient commuting to City area and various parts of the island with this integrated public transportation system. It is approximately 21 minutes drive away from Orchard Shopping Belt.


For now, it will take around 24 minutes’ of driving to reach the Central Business District CBD, City Centre. Drivers can also use Canberra Link which is just next to New EC to access to the Seletar Expressway (SLE).

When the future North South Expressway, get ready in 2026, it will serve the residents in the North, saving them up to 30% of travelling time.

 

New EC in Canberra- Amenities
For dining, shopping, entertainment and leisure facilities, New Canberra Drive EC residents can take a short walk down to Sembawang Shopping Centre where numerous retail shops and dining are there to serve residents' needs. There are several eateries located at the shophouses along Sembawang Road. New Canberra Drive EC has good amenities and is also near Chong Pang City, a neighbourhood cluster where its residents can get their groceries and basic necessities. Many shops such as mini-marts, clinics, beauty salons, etc. are located in Chong Pang City.

Other nearby shopping marts include the Sun Plaza which is located at next to Sembawang Train Station and the Sembawang Mart which is located at Blk 511 Canberra Road. Residents can also take a bus down to the Yishun Town Centre or just 1 MRT Station away when the new Canberra Station completes in 2019, which in future will have an integrated hub comprising of retail, residential and bus interchange all under one roof. There will be more than 300,000 square feet of retail spaces, large hyper mart providing numerous dining, shopping, leisure and entertainment facilities for Canberra Drive Ec future residents.


New EC in Canberra- Education
The established local schools that are within a short radius from New Canberra Drive EC. They include Sembawang Primary School, Wellington Primary School, Chongfu Primary School, Ahmad Ibrahim Primary School, Canberra Primary School, Yishun Primary School, Endeavour Primary School, Xishan Primary School, Jiemin Primary School, Ahmad Ibrahim Secondary School, Sembawang Secondary School, Northland Secondary School, Canberra Secondary School, Yishun Town Secondary School and Yishun Secondary School. New EC in Canberra is also a short drive away to Yishun Junior College.

There is a park connector besides New Canberra Drive EC development which goes through the serene private residential estate to reach the Sembawang Park, which offers lush greenery in a laid back environment which New EC future residents can relax in. Sembawang Park is also a famous fishing spot and future residents can have a short and comfortable stroll or jog there.

 

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Project  Canberra Link New EC 2020/ 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:  square feet
Plot Ratio
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

 Canberra Drive Condo Parcel A
Developer  Oasis Development by JBE Holdings
Location  Canberra Drive/ Sembawang Road
District  27
Tenure  99 years leasehold
Site Area  13,315 square metres/ 143,325 square feet
GFA:  18,642 square metres/ 200,662 square feet
Plot Ratio  1.4
Expected TOP Date:
Total Units  Approximatley 235 residential apartments
Total Carpark  TBA
Development  Condominium comprising with full communal facilities
Unit Type:
Architect
Eligibility  SC/ SPR and Foreigners can buy (No restirction)

Project

 Canberra Drive Condo Parcel B
Developer  United Venture Development (UOL Group)
Location  Canberra Drive/ Sembawang Road
District  27
Tenure  99 years leasehold
Site Area  27,566 square metres/ 296,720 square feet
GFA:
Plot Ratio  1.4
Expected TOP Date:
Total Units  Approximately 470 residential apartments
Total Carpark  TBA
Development  Condominium comprising with full communal facilities
Unit Type:
Architect
Eligibility  SC, SPR and Foreigner can buy (No restriction)

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

Category Important Amenities Near New EC Approximate Distance
Train Stations Sembawang (NS13)
Canberra (NS12) 
1.0km
0.3km 
Bus Stop Bef Yishun Avenue 2 (Bus: 169)
Aft Yishun Avenue 2 (Bus: 169)
0.4km
0.5km
Supermarkets Giant (Sembawang Shopping Centre)
Fairprice (Sun Plaza)
Cold Storage (Northpoint)
Prime (761 Yishun)
0.4km
1.1km
2.0km
2.3km
Shopping Malls Sembawang Shopping Centre
Sun Plaza
Sembawang Mart
Chong Pang City
0.6km
1.1km
1.3km
1.6km
Education Institutions Preschool
Edelweiss Kindergarten
PCF Sembawang Blk 507D-501D-503C
PCF Chong Pang Blk 317-315
PCF Canberra Blk 330-319-327-328
Zulfa Kindergarten @ Sembawang Mart
PCF Canberra Blk 468D-468C
PCF Canberra Blk 487-488
Hope Community Kindergarten (Sembawang)
0.6km
0.9km
0.9km
1.2km
1.3km
1.7km
1.8km
1.8km
Primary
Sembawang Primary School
Wellington Primary School
Chongfu Primary School
Ahmad Ibrahim Primary School
Canberra Primary School
Yishun Primary School
Endeavour Primary School
Xishan Primary School
Jiemin Primary School
0.8km
1.0km
1.4km
1.5km
1.5km
1.5km
1.6km
1.8km
2.0km
Secondary
Ahmad Ibrahim Secondary School
Sembawang Secondary School
Northland Secondary School
Canberra Secondary School
Yishun Town Secondary School
Yishun Secondary School
1.1km
1.3km
1.7km
1.8km
1.8km
2.0km
Junior College
Yishun Junior College 2.3km
Tertiary
Republic Polytechnic 4.7km
International
Singapore American School 6.4km
Food Centre Chong Pang Market & Food Centre 1.6km
Lifestyle Montreal Green
Admiral Country Club
Eagle Club
Yishun Neighbourhood Park
Terror Club
HomeTeamNS @ Sembawang
0.4km
0.5km
0.8km
1.2km
1.4km
1.6km

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 2

Thomson Line- More options of accessibility with lesser time travelled

Thomson-Line-1   

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.

Bishan Loft appreciation

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.

 Canberra Drive Condo A

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.

Canberra Drive Condo B

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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