01/10/2026
๐๏ธ ๐๐๐ง๐๐๐ซ๐ซ๐ ๐๐ซ๐ข๐ฏ๐ (๐๐) ๐๐๐ ๐๐๐ง๐๐๐ซ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ ๐๐ซ๐ ๐๐ฎ๐ญ
The tender for the Canberra Drive Executive Condominium site attracted ๐๐ ๐๐ข๐๐ฌ, reflecting broad developer participation for the ๐๐ข๐ซ๐ฌ๐ญ ๐๐ ๐ฅ๐๐ง๐ ๐ฉ๐๐ซ๐๐๐ฅ ๐ญ๐๐ง๐๐๐ซ๐๐ ๐ฎ๐ง๐๐๐ซ ๐ญ๐ก๐ ๐ซ๐๐ฏ๐ข๐ฌ๐๐ ๐๐ ๐๐ซ๐๐ฆ๐๐ฐ๐จ๐ซ๐ค.
๐ ๐๐จ๐ฉ ๐๐ข๐ ๐๐ญ $๐๐๐ ๐ฉ๐ฌ๐ ๐ฉ๐ฉ๐ซ
The highest bid of $๐๐๐.๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ($๐๐๐ ๐ฉ๐ฌ๐ ๐ฉ๐ฉ๐ซ) was submitted by the consortium comprising SNCS Realty, HS Invesco and Kay Lim Realty (Santarli, Heeton and Sunray Group).
The top land rate was ๐๐.๐% ๐ก๐ข๐ ๐ก๐๐ซ than the recent Miltonia Close EC site, which was awarded at $732 psf ppr. The relatively close positioning of the leading bids also suggests that several developers arrived at broadly similar assessments of the siteโs development potential.
๐ก ๐ ๐๐ฆ๐๐ฅ๐ฅ๐๐ซ ๐๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ ๐๐ง๐๐๐ซ ๐ญ๐ก๐ ๐๐๐ฐ ๐
๐ซ๐๐ฆ๐๐ฐ๐จ๐ซ๐ค
The Canberra Drive site is expected to yield approximately ๐๐๐ ๐ฎ๐ง๐ข๐ญ๐ฌ, making it considerably smaller than several recent EC GLS sites. Its manageable scale, together with strong take-up at recent EC launches and the higher $๐๐,๐๐๐ ๐๐ ๐ก๐จ๐ฎ๐ฌ๐๐ก๐จ๐ฅ๐ ๐ข๐ง๐๐จ๐ฆ๐ ๐๐๐ข๐ฅ๐ข๐ง๐ , may have supported developer confidence despite the revised allocation framework.
๐ ๐๐ซ๐จ๐ฐ๐ข๐ง๐ ๐๐จ๐ซ๐ญ๐ก๐๐ซ๐ง ๐๐๐ฌ๐ข๐๐๐ง๐ญ๐ข๐๐ฅ ๐๐ง๐๐ฅ๐๐ฏ๐
Located close to ๐๐๐ง๐๐๐ซ๐ซ๐ ๐๐๐ ๐ฌ๐ญ๐๐ญ๐ข๐จ๐ง, Canberra Plaza and Sun Plaza, the future development will benefit from an established and growing residential catchment in the North.
๐ ๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐๐ข๐ฏ๐ ๐๐๐๐ฉ๐๐ซ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ? ๐ก Check out our report for a comprehensive analysis! https://tinyurl.com/2nv64rps
If you need an in-depth analysis, please feel free to contact any of our trusted ๐๐๐ ๐๐ฅ๐ข๐ญ๐๐ฌ for a non-obligatory consultation.