[SINGAPORE] Joint developers Kheng Leong and Low Keng Huat will soon start previews for the suburban residential development Canberra Crescent Residences, with prices starting at S$1,880 per square foot (psf).
Located along Canberra Crescent in District 27, the 99-year leasehold development houses 376 units across four 12-storey towers. It spans a total land area of 20,435.8 square metres (sq m), with a gross floor area of 35,265.8 sq m.
One-bedders of 409 square feet (sq ft) – of which there are three units in the project – are priced from S$880,000 or S$2,152 psf.
Prices start at S$1.11 million or S$1,950 psf for two-bedders sized 570 to 667 sq ft; S$1.53 million or S$1,920 psf for three-bedders sized 797 to 990 sq ft; and S$2.2 million or S$1,880 psf for four-bedders sized 1,163 to 1,324 sq ft.
The Canberra Crescent land parcel was acquired by Kheng Leong, the private real estate arm of the family of Wee Cho Yaw, and builder Low Keng Huat in a state land tender in July last year. The joint venture outbid two other offers, with a top bid of S$279 million or S$793 psf per plot ratio (ppr).
Observers noted then that the bid was the lowest land rate for a suburban government land sale site, excluding executive condos, since 2020. Still, the land rate of S$793 psf ppr was about 20 per cent above the S$644 psf ppr and S$650 psf ppr bids for two Canberra Drive sites sold in 2020.
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The project is also Kheng Leong’s second in the Canberra area.
In 2021, it launched the 448-unit The Watergardens at Canberra as part of a joint venture with UOL Group and Singapore Land Group. Some 60 per cent of units were sold at around S$1,400 to S$1,500 psf over its launch weekend in August that year.
Most recently, in early July, a 646 sq ft unit was subsold at S$1.1 million or S$1,703 psf.
Caveats data indicated that the median price of private non-landed homes in the area was S$1,311 psf in the year thus far.
The latest transaction was for a 700 sq ft unit at 99-year leasehold North Park Residences at S$1.35 million or S$1,930 psf on Jul 8. This was over 40 per cent of the seller’s original purchase price of S$946,000 or S$1,352 psf in April 2015.
ERA Singapore chief executive officer Marcus Chu reckoned that Sembawang, as a relatively new estate, is likely to see stronger demand from public housing upgraders and local buyers.
“The active HDB resale market there, along with firm transacted prices for the flats that recently attained their minimum occupation status, helps support a strong appetite for private homeownership in this precinct,” said Chu.
He added that Canberra Crescent Residences is likely to be among the most affordable new private condominiums launched this year, with one of the lowest entry prices for a new suburban project.
In the third quarter of 2025, for instance, there will be four new launches in the prime Core Central Region. This includes Upperhouse at Orchard Boulevard, with agents advertising indicative prices from just under S$3,000 psf; and The Robertson Opus, with prices starting at S$3,150 psf. Both are slated to start booking sales this weekend.
“With a tighter supply of private homes in Sembawang, Canberra Crescent Residences presents a compelling choice for both homeowners and investors seeking long-term growth potential (and) lifestyle vibrancy,” said Chu.
Previews for Canberra Crescent Residences will begin on Jul 19, with sales bookings starting on Aug 2. It is expected to receive its temporary occupation permit in April 2030.
