Canberra Residences For Sale: Properties & Units Available in District 27

Executive Summary: Canberra Residences stands as one of District 27's most established residential developments, offering buyers a compelling combination of location, affordability, and investment potential. With 320 units across multiple developments in the Canberra area, this neighborhood provides diverse options for first-time buyers, upgraders, and savvy investors seeking exposure to the northern Singapore property market. This comprehensive guide establishes Homejourney as your trusted resource for understanding the complete picture of buying at Canberra Residences—from current market pricing to financing strategies to long-term investment outlook.

Table of Contents

• Canberra Residences Overview & Market Position
• Available Units For Sale: Types & Pricing
• Why Buy at Canberra Residences
• Current Price Analysis & Market Trends
• Location Advantages & District 27 Benefits
• Financing Your Purchase: Complete Buyer's Guide
• Step-by-Step Buying Process
• Investment Potential & Rental Yields
• Frequently Asked Questions
• Your Next Steps with Homejourney

Canberra Residences Overview & Market Position

Canberra Residences represents a significant residential cluster in District 27, comprising multiple developments along Canberra Drive that have collectively shaped the neighborhood's character since the mid-2010s. The primary Canberra Residences project, developed by MCC Land (Singapore) Pte Ltd, is a 99-year leasehold condominium featuring 320 units spread across 5 storeys, completed in 2015.[5] This relatively young development has established itself as a desirable address for buyers seeking modern amenities without the premium pricing of central Singapore locations.

The development's strategic position within District 27 places it at the intersection of Yishun and Sembawang, two distinct neighborhoods with complementary characteristics. Yishun offers wider range of options and price points with average condo prices hovering around S$1,100 per square foot, while Sembawang presents a more affordable alternative with average condo prices around S$950 per square foot.[1] Canberra Residences sits comfortably within this spectrum, offering buyers genuine value in a competitive market.

What makes Canberra Residences particularly attractive to Homejourney users is the transparency and verification we bring to every transaction. We understand that buying property is one of Singapore's most significant financial decisions, and our platform prioritizes your safety through verified listings, accurate pricing data, and access to professional agents who have undergone our rigorous vetting process.

Developer Reputation & Project Track Record

MCC Land (Singapore) Pte Ltd has established credibility in Singapore's residential market through multiple successful projects. The completion of Canberra Residences in 2015 demonstrates the developer's ability to deliver projects on schedule, a critical factor for buyers evaluating long-term value. The development's sustained market activity—with 2,815 private property transactions completed across District 27 in the last 36 months—indicates strong buyer confidence and healthy market liquidity.[1]

Several units at Canberra Residences feature private lifts, a luxury amenity typically found in higher-priced developments, adding significant convenience and exclusivity for residents.[5] This attention to premium features at accessible price points has contributed to the project's enduring appeal.

Available Units For Sale: Types & Pricing

Canberra Residences offers diverse unit configurations to accommodate different buyer profiles and lifestyle needs. Understanding the typical unit mix and current pricing is essential for making an informed purchasing decision.

Unit Types & Configuration

The 320-unit development provides flexibility across multiple bedroom configurations:

• Studio & 1-Bedroom Units: Ideal for first-time buyers, young professionals, and investors seeking positive cash flow through rental income
• 2-Bedroom Units: Popular with upgraders and small families, offering the balance between space and affordability
• 3-Bedroom Units: Suited for growing families seeking modern amenities without relocating to suburban areas
• Premium Units with Private Lifts: Exclusive configurations offering enhanced privacy and convenience for discerning buyers

Current Price Range & Market Positioning

As of January 2026, Canberra Residences units command a price range reflecting both the development's maturity and District 27's overall market dynamics. The current sub-sale price range spans from approximately S$670,000 to S$1,690,000, with price per square foot ranging from S$1,086 to S$2,016.[5] This wide range accommodates various buyer budgets while maintaining strong value fundamentals.

Note: Pricing reflects recent market data and may vary based on unit condition, floor level, and specific features. Rental estimates are based on current market rates for similar units in District 27.

To explore all currently available units at Canberra Residences with verified pricing and detailed specifications, browse available listings on Homejourney. Our platform provides real-time updates, professional photography, and direct access to qualified agents who can answer your specific questions.

Why Buy at Canberra Residences

Strategic Location Within District 27

Canberra Residences occupies a goldilocks position within District 27—close enough to Yishun's vibrant commercial activity and amenities, yet positioned to benefit from Sembawang's emerging waterfront developments and more relaxed pace. This positioning provides buyers with optionality: those seeking urban convenience can easily access Yishun's shopping centers and dining, while those preferring quieter living can enjoy Sembawang's residential character and waterfront attractions.

Modern Amenities & Lifestyle Features

The development offers residents comprehensive facilities that enhance daily living and property value:

• 24-hour security and gated access ensuring resident safety
• Swimming pool and fitness facilities for active lifestyles
• Function rooms and community spaces for social engagement
• Landscaped gardens and recreational areas
• Convenient parking facilities with private lift access for select units
• Well-maintained common areas reflecting professional management

Strong Market Liquidity & Resale Potential

One of Homejourney's core principles is ensuring our users can make confident decisions about their investments. Canberra Residences demonstrates exceptional market liquidity—a critical factor for future resale flexibility. With consistent transaction activity and established buyer demand, units at Canberra Residences maintain strong resale potential. This liquidity provides peace of mind for buyers who may need to relocate or upgrade in the future.

Proven Value Appreciation

Historical transaction data reveals that Canberra Residences has maintained stable pricing with modest appreciation since completion in 2015. This stability, combined with the development's location advantages, positions new purchases as sound long-term investments. Unlike speculative developments, Canberra Residences offers the security of an established community with predictable market behavior.

Current Price Analysis & Market Trends

Competitive Positioning Within District 27

Understanding how Canberra Residences pricing compares to other developments is essential for assessing value. Within District 27's broader market, Canberra Residences represents solid middle-ground positioning:

This positioning demonstrates that Canberra Residences offers competitive value—priced above some Executive Condominiums and older developments, yet below premium new launches and high-end projects. For buyers seeking the balance between affordability and quality, this positioning is particularly attractive.

Recent Transaction Patterns & Price Stability

Analysis of recent transactions reveals consistent pricing patterns across Canberra Residences units. Recent notable transactions include units selling in the S$1.2 million to S$1.7 million range, reflecting the strong demand for 2-3 bedroom configurations in this price band.[6] This consistency indicates a mature, stable market where pricing reflects genuine supply-demand fundamentals rather than speculation.

The stability of pricing at Canberra Residences contrasts favorably with more volatile markets and provides buyers with confidence in their purchasing decision. When you buy at Canberra Residences through Homejourney, you're investing in a development with proven, transparent market behavior.

Investment Grade Assessment

For investors evaluating Canberra Residences, several factors support a positive investment thesis: (1) Established market with 11 years of transaction history since completion, (2) Strong location fundamentals with proximity to both Yishun and Sembawang amenities, (3) Consistent rental demand supporting yield potential, (4) Reasonable entry pricing compared to central Singapore alternatives, and (5) 99-year tenure providing long-term security for capital preservation.

Location Advantages & District 27 Benefits

MRT Connectivity & Transportation Access

Canberra Residences benefits from excellent public transportation connectivity, a critical factor for Singapore property values. The development is strategically positioned near multiple MRT stations:

• Yishun MRT Station (NSL): Approximately 1.2 km away (approximately 15-minute walk or 2-minute drive), providing direct access to the North-South Line connecting to Orchard, Marina Bay, and southern Singapore
• Sembawang MRT Station (NSL): Approximately 1.8 km away, offering an alternative connection point on the same line
• Khatib MRT Station (NSL): Approximately 1.5 km away, providing additional connectivity options

This multi-station proximity is a significant advantage—residents enjoy optionality in their commute choices and aren't dependent on a single transportation hub. For working professionals commuting to the CBD, the North-South Line provides direct access without transfers, a substantial quality-of-life benefit.

Educational Institutions & Family Considerations

For families with children, District 27 offers strong educational options within reasonable proximity:

• Primary Schools: Yishun Primary School, Sembawang Primary School, and Khatib Primary School all within 1-2 km, providing excellent neighborhood school options
• Secondary Schools: Yishun Secondary School, Sembawang Secondary School, and Khatib Secondary School offering quality mid-tier education
• International Schools: Singapore Chinese Girls' School and other quality institutions within reasonable distance for families seeking alternative education pathways
• Pre-schools & Childcare: Multiple options throughout the district supporting working parents

Shopping & Dining Amenities

The Canberra Residences location provides convenient access to comprehensive shopping and dining options:

• Yishun Shopping Centre: Major regional mall with supermarkets, restaurants, cinemas, and retail stores approximately 1.5 km away
• Sembawang Shopping Centre: Neighborhood shopping hub with essential services and dining options approximately 2 km away
• Canberra Plaza & Vicinity: Local shopping areas with hawker centers, convenience stores, and neighborhood restaurants within walking distance
• Dining Scene: The Yishun-Sembawang corridor offers diverse culinary options from hawker centers to casual dining establishments, reflecting Singapore's multicultural food culture

Parks, Recreation & Lifestyle

District 27 emphasizes outdoor living and recreational opportunities:

• Sembawang Park: 38 hectares of waterfront park featuring coastal walks, picnic areas, and recreational facilities approximately 2 km away
• Yishun Pond Park: Scenic park with walking trails and nature observation opportunities
• Cycling Infrastructure: Extensive park connector network linking to other district parks and nature reserves
• Community Facilities: Sports centers, swimming complexes, and fitness facilities throughout the district

Healthcare & Essential Services

Residents of Canberra Residences have convenient access to essential healthcare and services:

• Khoo Teck Puat Hospital: Major regional hospital approximately 2 km away, providing comprehensive medical services
• Polyclinics: Multiple neighborhood polyclinics offering primary healthcare and preventive services
• Pharmacies & Clinics: Numerous private clinics and pharmacies throughout the district
• Government Services: Community centers and government service offices supporting residents' administrative needs

Financing Your Purchase: Complete Buyer's Guide

Understanding Your Buying Power

Before viewing units at Canberra Residences, understanding your financial capacity is essential. Your buying power depends on multiple factors: available down payment, CPF balance, annual income, existing debt obligations, and mortgage approval from financial institutions.

Homejourney's mortgage calculator helps you determine realistic purchasing power based on your specific financial situation. Calculate your affordability using our mortgage calculator to understand monthly payment implications for different unit prices and loan terms.

Down Payment Requirements & Options

Most financial institutions require a minimum down payment of 25% for private residential properties in Singapore. For a S$1 million unit at Canberra Residences, this represents S$250,000 in cash down payment. However, several options can reduce your cash requirement:

• CPF Usage: You can use your CPF Ordinary Account (OA) balance to pay the down payment, subject to CPF withdrawal limits and Board approval. This is particularly advantageous for first-time buyers with substantial CPF balances.
• CPF for Mortgage Payments: Beyond the down payment, CPF OA can also be used for monthly mortgage payments, reducing your cash outflow significantly.
• Reduced Down Payment: Some financial institutions offer 20% down payment options for qualified borrowers, though this typically requires mortgage insurance.
• Seller Financing: In certain circumstances, sellers may offer favorable financing terms, though this is less common in Singapore's mature market.

Mortgage Financing Fundamentals

Singapore's banking system offers competitive mortgage products for property purchases. Key considerations include:

For detailed current rates and personalized mortgage comparison, review current bank rates on Homejourney where we maintain updated information from Singapore's leading financial institutions.

Additional Buyer Costs & Budget Planning

Beyond the down payment and mortgage, buyers must budget for additional costs:

• Stamp Duty: Approximately 3-4% of purchase price (sliding scale based on property value)
• Legal Fees: Approximately S$1,500-S$3,000 for conveyancing and legal documentation
• Valuation & Survey Fees: Approximately S$500-S$1,000 for property valuation required by banks
• Agent Commission: Typically 1-2% of purchase price (negotiable, often split between buyer and seller agents)
• Renovation & Furnishing: Highly variable depending on desired upgrades and condition of unit
• Maintenance Fund Contribution: Initial contribution to building sinking fund, typically S$2,000-S$5,000
• Insurance: Home insurance and mortgage insurance (if applicable), approximately S$500-S$1,500 annually

Prudent buyers budget for total acquisition costs of 8-12% above the purchase price to ensure adequate financial preparation.

Additional Buyer Stamp Duty (ABSD) Considerations

Singapore's Additional Buyer Stamp Duty (ABSD) applies to certain buyer categories and significantly impacts purchase costs:

• Singapore Citizens (First-Time Buyers): No ABSD applicable—significant advantage for first-time buyers
• Singapore Citizens (Subsequent Purchases): ABSD ranges from 5-15% depending on property value and holding period of previous property
• Permanent Residents: ABSD of 5% applies to all purchases
• Foreign Buyers: ABSD of 20% applies to all purchases, making private condominiums less attractive for foreign investment

For first-time Singapore citizen buyers, the absence of ABSD makes Canberra Residences particularly attractive—you avoid this substantial additional cost, improving overall purchase economics. This is one reason Homejourney emphasizes the importance of understanding your buyer category before committing to a purchase.

Sample Financing Scenarios

To illustrate financing at Canberra Residences, consider these realistic scenarios:

Scenario 1: First-Time Buyer, 2-Bedroom Unit (S$1,050,000)

• Purchase Price: S$1,050,000
• Down Payment (25%): S$262,500
• Mortgage Amount (75%): S$787,500
• Mortgage Term: 25 years at 4.0% interest
• Estimated Monthly Payment: S$3,968
• Total Acquisition Costs (including stamp duty, legal fees, etc.): Approximately S$100,000
• ABSD: None (first-time buyer advantage)

Scenario 2: Investor, 1-Bedroom Unit (S$800,000)

• Purchase Price: S$800,000
• Down Payment (25%): S$200,000
• Mortgage Amount (75%): S$600,000
• Mortgage Term: 25 years at 4.0% interest
• Estimated Monthly Payment: S$3,022
• Expected Monthly Rental Income: S$2,200
• Estimated Monthly Negative Cash Flow: S$822 (offset by capital appreciation and tax benefits)
• ABSD: S$40,000 (5% for PR or subsequent purchase)

Note: These scenarios are illustrative only. Actual costs vary based on individual circumstances, current interest rates, and specific property features. Consult with a mortgage specialist for personalized calculations.

Step-by-Step Buying Process

Phase 1: Preparation & Pre-Approval (Weeks 1-2)

Before actively searching for units, complete essential preparation:

1. Financial Assessment: Gather documentation including recent payslips, employment letter, CPF statements, and existing debt information. This enables accurate buying power calculation.
2. Mortgage Pre-Approval: Contact multiple banks to obtain mortgage pre-approval letters. This demonstrates to sellers that you're a serious, qualified buyer and accelerates negotiations.
3. Budget Finalization:

   References

   1. Singapore Property Market Analysis 5 (2026)
   2. Singapore Property Market Analysis 1 (2026)
   3. Singapore Property Market Analysis 6 (2026)