In a year where the Outside of Central Region (OCR) new launches are increasingly breaching S$2,300 psf, Canberra Crescent Residences’ indicative price of S$1,880 psf offers a strong value proposition. Is this project one of the best picks this year for price-conscious buyers?
Let’s dive into the details!
Table of contents
- Canberra Crescent Residences launching on August 2
- Indicative pricing at Canberra Crescent Residences
- Price analysis: How it stacks up against nearby projects
- Canberra Crescent Residences price insights by unit type
- Canberra Crescent Residences highlights
- Location review
- Market outlook
Canberra Crescent Residences launching on August 2
With sales bookings starting on August 2, the preview of Canberra Crescent Residences drew more than 4,000 visitors over its first opening weekend. It signals strong pent-up demand for new projects in the area since 2021. Attractive pricing also plays a part in this hype.
How? The 376-unit Canberra Crescent Residences is likely to be among the most affordable new private condominiums launched in 2025, with one of the lowest entry prices for a new suburban project. This pricing strategy positions Canberra Crescent Residences as a mid-range yet upscale choice for homeowners seeking private condominium living without straining their budget.
Developers Kheng Leong and Low Keng Huat have a proven reputation for delivering premium residential projects, which has helped build confidence among prospective buyers. The project’s design and lifestyle offerings, particularly the 3,000-sqm Canberra Club, are drawing attention from both investors and families.
Canberra Crescent Residences is expected to receive its Temporary Occupation Permit (TOP) in April 2030.
Curious about other launches this year? Check out the full list of new condo launches in 2025.
Indicative pricing at Canberra Crescent Residences
The project’s indicative pricing starts at S$1,880 psf, which is competitive compared to many OCR launches this year. For instance, ELTA in Clementi launched earlier in Q1 2025 at an average of S$2,537 psf. Parktown Residences in Tampines also achieved well above the price, at S$2,360 psf on average.
Canberra Crescent Residences, on the other hand, is positioning itself as one of the more affordable options without compromising on quality.
Here’s a quick look at the indicative pricing for Canberra Crescent Residences:
- 1-bedroom (409 sqft) – from S$880,000 (S$2,152 psf)
- 2-bedroom (570–667 sqft) – from S$1.11 million (S$1,1950 psf)
- 3-bedroom (797–990 sqft) – from S$1.53 million (S$1,1920 psf)
- 4-bedroom (1,163–1,324 sqft) – from S$2.2 million (S$1,880 psf)
The price strategy appeals to HDB upgraders, who now face a narrowing gap between resale flats and new private condos. At this price point, Canberra Crescent Residences offers both value for money and long-term upside, particularly with its strong location and lifestyle offerings.
What makes this pricing even more attractive is the wider market trend. The rise in OCR pricing, and even Rest of Central Region (RCR) projects inching closer to S$3,000 psf, is pushing buyers to rethink their priorities. Many now see District 27 (Sembawang/Canberra/Yishun) as a rising star in terms of affordability and growth potential.
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Price analysis: How it stacks up against nearby projects
The surrounding Canberra area is a mix of HDBs, executive condos (ECs), and private condos, many of which still offer resale prices below S$1,500 psf. This means Canberra Crescent Residences, while is attractively priced compared to other new launches in 2025, cannot compete purely on price with its surrounding. Its value proposition lies in its modern design, premium finishes, and new facilities.
Looking at the EC counterpart, projects like Provence Residence are emerging as notable competitors. Based on URA data (as of July 2025), Provence Residence’s 3-bedders are averaging around S$1,492 psf, with 4-bedders going for S$1,223 psf. Once Provence Residence hits its MOP in 2030, we can expect Canberra Crescent Residences units to hit the resale market as well, presenting serious competition in terms of affordability in the long run.
In terms of private property, see the recent pricing of comparable projects in the area:
| Project | TOP | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| The Nautical | 2015 | S$707,472 | S$969,667 | S$1,236,294 | S$1,997,481 |
| Kandis Residence | 2021 | S$715,000 | S$1,046,736 | S$1,430,000 | – |
| The Watergardens | 2024 | – | S$1,235,343 | S$1,641,378 | S$2,330,000 |
| The Commodore | 2024 | S$895,000 | S$1,298,778 | S$1,895,000 | S$2,250,000 |
Canberra Crescent Residences price insights by unit type
1-bedroom units
With only three 1-bedroom units at Canberra Crescent Residences starting from S$880,000 (S$2,152 psf), demand is expected to be intense. Prices here are on par with The Commodore’s newer 1-bedders, but notably higher than older stock like The Nautical. The scarcity factor almost guarantees these will sell quickly.
2-bedroom units
Starting at S$1.11 million (S$1,950 psf), the 2-bedders are slightly below The Commodore’s entry-level pricing, which crosses S$1.3 million. While older condos like Kandis Residence hover around the same quantum, Canberra Crescent’s modern layouts and brand-new condition give it an edge, especially for young families and upgraders.
3-bedroom units
Priced from S$1.53 million (S$1,920 psf), these units are comparable to The Watergardens and The Commodore. They remain more expensive than nearby EC options (ranging S$1.3–S$1.4 million), but for buyers prioritising brand-new finishes and functional layouts, the pricing is aligned with current OCR new-launch norms.
4-bedroom units
The starting price of around S$2.2 million (S$1,880 psf) places these 4-bedders on par with the largest units at The Watergardens and The Commodore. Note that this is roughly double what you’d pay for an EC of the same size. However, buyers looking for spacious OCR family homes with new facilities will find this price point realistic for a fresh launch.
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Canberra Crescent Residences highlights
One of the strongest selling points of Canberra Crescent Residences is The Canberra Club, a 3,000 sqm lifestyle clubhouse that anchors the development’s facilities. It includes a 50‑metre lap pool, a children’s splash pool, fitness and wellness studios, and co‑working lounges designed for today’s hybrid work lifestyles.
Large 3- and 4-bedroom layouts cater directly to multi-generational households. With Wellington Primary School within 1km and several others including Sembawang, Canberra, and Chongfu Primary within a 2km radius, the development clearly targets families looking for space and stability. Amenities like BBQ pavilions, function rooms, and lush landscaping enhance the resort-style living experience.
Location review
In terms of local amenities, Canberra Plaza offers retail and F&B just minutes away, while Bukit Canberra brings a state-of-the-art sports and community hub to the doorstep of residents. Northpoint City, a major mall, lies just one stop away. Meanwhile, recreational options like Sembawang Park and waterfront trails enhance livability.
District 27 itself has morphed from a quiet peripheral area to a fast‑growing residential hub. Canberra MRT, around 800m from the new launch, connects residents directly to Orchard in under 30 minutes. The upcoming North‑South Corridor (NSE) will also cut down travel times even further.
Market outlook
This area evolution attracts young families and first‑time buyers, who are drawn to quality living at reasonable prices. In many ways, it is safe to say that Canberra now rivals the East or West regions — but at a much lower entry price. Urban planning initiatives, like the North Coast Innovation Corridor and expansion of Woodlands Regional Centre, signal rising economic activity in the North, which should support housing demand.
Looking back, District 27’s older 99-year lease condo launches have enjoyed significant price growth over the last five years. Canberra Residences (TOP 2015), for instance, recorded over a 40% increase in average psf since 2020 alone. With limited new private condo supply, Canberra Crescent Residences may enjoy similar upside, especially as OCR prices climb further. Investors who enter early can benefit from both resale flexibility and living in a maturing region with high demand.
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