Canberra Crescent Residences, a luxurious private condominium, has just had its preview opening over the weekend of July 19–20. Developed by a joint venture between Wee family-controlled Kheng Leong Co. and listed developer Low Keng Huat, the project attracted more than 4,000 visitors. It is expected to officially launch to the public on August 2.
Situated on Canberra Crescent, off Sembawang Road in the northern region, the 376-unit development spans over a 219,985 sq ft, 99-year leasehold site, consisting of four 12-storey blocks. The project offers a diverse range of one- to four-bedroom units, with only three one-bedroom units (409 sq ft) located on the first storey of three blocks. These units are priced at $2,152 psf, starting from $880,000.
The development offers a variety of choices for potential buyers, with one- and two-bedroom units making up 25% of the total units (94 units in total). These include 23 two-bedroom compact units (570 sq ft) and 68 two-bedroom premium units (667 sq ft), priced from $1.11 million or $1,950 psf.
The majority of the units in the development are three-bedroom units, amounting to 198 units (52.7% of the total). This includes 141 standard units ranging from 797 to 883 sq ft, and 57 three-bedroom premium units (990 sq ft), with prices starting from $1.53 million, or $1,920 psf.
Finally, the project also offers 84 four-bedroom units, making up 22.3% of the total units. These include 36 compact units (1,163 sq ft), 36 standard units (1,216 sq ft), and 12 premium units (1,324 sq ft), with prices starting from $2.2 million, or $1,880 psf.
When contemplating an investment in a condo, it is crucial to evaluate its potential rental yield. Rental yield refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, rental yields for condos can vary significantly, depending on factors such as location, property condition, and market demand. Generally, areas with a high demand for rentals, such as those near business districts or educational institutions, tend to offer more lucrative rental yields. Conducting extensive market research and seeking advice from real estate agents can provide valuable insights into a specific condo’s rental potential.
Residents of Canberra Crescent Residences will enjoy a variety of luxury amenities such as a clubhouse, three swimming pools, six barbecue pavilions, and a 100m sky garden connecting two of the blocks. There will also be a childcare centre located on the premises.
The development is well-connected to major transportation hubs, with the newly-opened Canberra MRT Station on the North-South Line just a short 12-minute walk away. For nature lovers, the private condo is also conveniently located near green spaces such as Sembawang Park, Montreal Green and Sembawang Beach. It is also linked to the Northern Explorer Loop, a park connector network that connects 11 parks and nature areas throughout the North, including Woodlands Town Garden, Admiralty Park and Woodlands Waterfront, as well as tying together the towns of Sembawang, Woodlands and Yishun.
Furthermore, the project stands to benefit from future developments, such as the redevelopment of the Sembawang Shipyard into a mixed-use waterfront lifestyle district under the URA Master Plan, the Seletar Line which will connect the northern region to the Greater Southern Waterfront in the south of the island, and the North-South Corridor, enhancing connectivity for residents in Sembawang to the city centre.
Kheng Leong Co. and Low Keng Huat have also recently launched 21 Anderson, a luxury development targeting ultra-rich buyers with its large-format, freehold units and penthouses priced at $58 million.
In conclusion, Canberra Crescent Residences is set to become a highly sought-after private condominium, offering both luxury and convenience to its residents.