Canberra Drive EC

Project Specifications

About Canberra Drive EC

Canberra Drive EC is a milestone Executive Condominium (EC) development located along Canberra Drive in the Sembawang enclave (District 27). Officially launched for public tender by the Housing & Development Board (HDB) as the land sales agent for the Government, this site is highly significant as a rare low-density EC parcel. Spanning a site area of approximately 11,535 square meters (124,161 square feet), this boutique development features a low-density design that will yield an estimated 185 exclusive residential units, offering a rare sense of privacy and community compared to larger mega-projects.

The land parcel is part of the Confirmed List under the Government Land Sales (GLS) Programme. Governed under Singapore's Current Policy, the development operates with the standard 5-year Minimum Occupation Period (MOP) from TOP date before open-market resale to Singapore Citizens and Permanent Residents, and achieves full privatisation at the 10-year mark. Unlike HDB Prime and Plus BTO flats which enforce a 10-year MOP, EC buyers maintain superior liquidity and capital velocity.

Eligible buyers at Canberra Drive EC can leverage both the Normal Progressive Payment (NPP) scheme and the Deferred Payment Scheme (DPS). Under the DPS, buyers pay a 20% downpayment (5% cash booking fee + 15% CPF/cash) and defer the remaining 80% mortgage disbursement until Temporary Occupation Permit (TOP). This provides immense financial breathing room for existing HDB flat owners, who can remain in their current flats without servicing two concurrent mortgages during construction, backed by automatic upfront ABSD remission.

Property consultants project expected land bids within the S$620 to S$660 per square foot per plot ratio (psf ppr) range. Based on these land rate projections, the breakeven cost for the developer is estimated around S$1,250 to S$1,300 psf, which points to an attractive starting average selling price of S$1,400 to S$1,500 psf at launch. This competitive pricing makes Canberra Drive EC a standout value proposition compared to new private condominium launches in the Outside Central Region (OCR) which frequently exceed S$2,000 psf.

From a lifestyle and connectivity perspective, the development is exceptionally well-located. Residents will enjoy a short, convenient walk to the Canberra MRT station on the North-South Line, enabling direct, transfers-free train commutes to Orchard Road, City Hall, and the Central Business District (CBD). For drivers, the project offers seamless connection to major expressways including the Seletar Expressway (SLE), Central Expressway (CTE), and the upcoming North-South Corridor (NSC), which will significantly reduce travel times to the city center. Everyday shopping, dining, and grocery needs are fully met by the adjacent Canberra Plaza, Sembawang Shopping Centre, Sun Plaza, and the sprawling Bukit Canberra integrated sport and community hub.

For families prioritizing education, the Canberra Drive EC offers access to a robust ecosystem of schools. Within a 1km radius, parents can choose from Wellington Primary School and Sembawang Primary School. Established primary schools within a 2km radius include Canberra Primary School and Endeavour Primary School. This close proximity minimizes daily travel times and secures priority admission eligibility for young children. Additionally, the development is near secondary institutions, pre-schools, and enrichment centers, providing complete educational support from early childhood through to tertiary prep.

To purchase a unit at Canberra Drive EC, buyers must meet the standard HDB Executive Condominium eligibility criteria. This includes forming an eligible family nucleus (Public Scheme, Fiance/Fiancee Scheme, Orphans Scheme, or Joint Singles Scheme for applicants aged 35 and above), ensuring at least one applicant is a Singapore Citizen, and keeping the household's gross monthly income within the prevailing income ceiling ($18,000 for land tenders awarded on/after 24 Aug 2026; $16,000 for prior awarded sites). Furthermore, buyers must not own any private property locally or overseas, or have disposed of one within the last 30 months prior to the application. Eligible first-timer households can also apply for the CPF Housing Grant of up to S$30,000 to offset their initial purchase cost.

Before committing to a purchase, prospective buyers should review the foundational eligibility criteria and refer to the latest CPF housing grants table to verify their financing eligibility.