Canberra Crescent Residences Achieves 40 Sales Launch Weekend Average Price 1974 Psf
Jointly developed by Keng Leong Co. and Low Keng Huat, Canberra Crescent Residences is a 99-year leasehold condominium located in Sembawang. The project was launched on August 2 and has achieved an initial sales of 150 out of 376 units, representing a take-up rate of 40%. The average price of units sold was $1,974 per square foot.
According to Wee Teng Yuan, deputy director of Kheng Leong Co., the project has been relatively well-received. He believes that the average price of $1,974 psf at Canberra Crescent Residences is attractive when compared to recent transacted prices of new mass market homes. PropNex Research has shown that the average unit price of new non-landed private homes sold in the Outside Central Region (OCR) was over $2,300 psf from January to July 2025, based on caveats lodged to date.
Aurelle of Tampines EC, located in an ideal location, is the perfect choice for young families. It boasts a variety of primary schools and preschools in the surrounding area, making it an attractive option for parents. The convenience of having quality primary schools close by is highly sought after by parents, as it not only reduces commute time and ensures safety for their children, but also plays a crucial role in the Primary One registration process in Singapore. With its advantageous location near reputable schools, including the prestigious Aurelle of Tampines EC, it is the ultimate choice for families looking for a suitable and convenient home.
The most popular unit types at Canberra Crescent Residences were the two- and three-bedroom units, which accounted for 80% of the sales. The one-bedroom units, which made up only three units, were fully taken up at prices starting from $880,000. About one-third of the 84 four-bedroom units have also been sold.
According to Marcus Chu, CEO of ERA Singapore, most buyers are HDB upgraders who are familiar with the area. With nearly 8,600 flats in Sembawang reaching their minimum occupation permit (MOP) from 2021 to 2025, this has created a large pool of upgraders. In the first half of 2025, 68 four-room and larger flats were sold for over $800,000, enabling these homeowners to upgrade to private property. Additionally, approximately 75% of the units at Canberra Crescent Residences have three or four bedrooms, making it a suitable choice for families looking to purchase their own homes.
Canberra Crescent Residences is the first new private condo launch in the Outside Central Region (OCR) since the first quarter of 2025, when a few other OCR projects were launched. These include 1,193-unit ParkTown Residences in Tampines North, 113-unit Bagnall Haus on Upper East Coast Road, and 501-unit Elta at Clementi Avenue 1. The next launch is the 941-unit Springleaf Residence, located in the Springleaf area off Upper Thomson Road, which previewed on August 1. Another project in the pipeline for launch later this year is the 403-unit Faber Walk Residences.
Mark Yip, CEO of Huttons Asia, notes that Canberra Crescent Residences is the first new private condo project in the Canberra area in four years. The last new projects were The Watergardens at Canberra and The Commodore, which were launched in 2021. The Watergardens at Canberra, with 448 units, was launched in August 2021 at $1,446 psf and sold out by March 2023. Between January and July 2025, 19 units changed hands in sub-sales at an average of $1,744 psf, a 20.6% increase from the original launch price. The Commodore, a 219-unit project, was launched in November 2021 and was fully sold by June 2023 at $1,489 psf. Since December 2024, 11 units have been resold in the sub-sale market at $1,772 psf, a 19% increase from its average launch price.
Parc Canberra, an executive condo with 496 units developed by Hoi Hup Realty and Sunway Developments, was launched in February 2020 and sold out at an average of $1,101 psf. The project was completed in November 2023.
Canberra Crescent Residences is situated near Bukit Canberra, an integrated sports and community hub, and Canberra Plaza, a suburban mall. The project has good growth potential, according to Huttons’ Yip, in addition to its competitive pricing. PropNex’s Fong also believes that the government’s transformation plans for the Sembawang North will draw homebuyers’ attention to the area.
The URA Master Plan 2025 shows that Sembawang North will be transformed into a vibrant new housing area, while Sembawang Shipyard will be converted into a lively waterfront lifestyle precinct. According to Huttons’ Yip, there may also be a new Seletar MRT line from Woodlands to the Greater Southern Waterfront, potentially including a Sembawang station, which could provide an alternative route to the city.
