canberra crescent sales success

Canberra Crescent Residences Sees Robust 40% Launch Sales at $1,974 Psf Average

Is $1,974 psf too high for a condo that sold 40% at launch? Canberra Crescent Residences defies northern region expectations with robust demand despite competitive pricing. Buyers are rushing to secure units.

Surging onto Singapore’s residential market, Canberra Crescent Residences has secured approximately 40% of its inventory, with roughly 150 units sold as of August 3, 2025, demonstrating robust demand for the newly launched 99-year leasehold condominium in District 27.

Canberra Crescent Residences captures market attention with 40% inventory sold, showcasing strong buyer interest in this new District 27 development.

The development, a joint venture between Kheng Leong and Low Keng Huat (Singapore) Limited, achieved an average pricing of $1,974 per square foot, positioning it among the most affordable private residential launches of 2025.

The project comprises 376 units spread across four 12-storey towers, offering configurations ranging from one-bedroom to four-bedroom layouts designed to accommodate diverse buyer profiles. Market analysts note that Canberra Crescent Residences has outperformed typical launch take-up rates for new northern region projects, capturing significant interest during an active launch weekend throughout Singapore.

A standout feature of the development is the 3,000-square-meter private clubhouse, Canberra Club, complemented by nature-rich amenities strategically integrated into the property’s master plan. The development’s site planning maximizes views of nearby heritage bungalows and adjacent greenery, enhancing its appeal among both investors and owner-occupiers seeking value in Singapore’s evolving northern corridor. The project’s low density design ensures residents enjoy more spacious facilities with fewer people sharing the amenities.

Connectivity represents a significant value proposition for buyers, with the project positioned to benefit from the future Thomson-East Coast Line extension linking directly to Changi Terminal 5, as well as its proximity to the Northern Explorer Loop. The project’s popularity aligns with the broader trend of MRT proximity driving property values, as transportation accessibility remains a key consideration for Singapore buyers.

Located just five MRT stations from Woodlands North, the future terminus for the Johor Bahru RTS Link, the development offers residents considerable transport advantages.

The sales performance reinforces market confidence following sell-outs at neighboring developments including The Commodore and The Watergardens. Buyer demographics comprise a mix of investors, home upgraders, and families attracted by planned educational institutions and proximity to the integrated sports and community hub at Bukit Canberra.

The development’s pricing strategy appears calibrated against both area transformation potential and anticipated enhancements to regional infrastructure, establishing a compelling value proposition in Singapore’s competitive residential market. Most purchasers gravitated toward larger units, with two and three-bedders accounting for 80% of all sales at the project.

Singapore Real Estate News Team
Singapore Real Estate News Team
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