Canberra Residences Price Trends and Market Analysis: Your 2026 Buyer's Guide
Canberra Residences stands as one of District 27's most established residential developments, offering a compelling blend of affordability, accessibility, and lifestyle value for Singapore property buyers. As of January 2026, this 99-year leasehold condominium presents meaningful opportunities for first-time buyers, upgraders, and savvy investors seeking exposure to the North region's growing appeal. Understanding the current price landscape and market dynamics at Canberra Residences is essential for making confident purchasing decisions in this competitive segment.
Understanding Canberra Residences: The Development at a Glance
Located at Canberra Drive in District 27 (spanning the Yishun and Sembawang neighborhoods), Canberra Residences is a mature, well-maintained condominium completed in 2015 by MCC Land (Singapore) Pte Ltd. The development comprises 320 units distributed across 5-storey buildings, creating an intimate, community-focused residential environment that distinguishes it from larger, high-rise developments in the region.
The development's relatively low-rise architecture and thoughtful design have contributed to its strong reputation among residents seeking a more relaxed lifestyle without sacrificing urban convenience. With 13 separate buildings along Canberra Drive, the development maintains a human-scaled neighborhood feel while offering comprehensive condominium amenities including a 50-meter swimming pool, jacuzzi, and well-maintained common areas.
Current Price Range and Available Unit Types
As of January 2026, Canberra Residences units are priced between S$670,000 and S$1,690,000 for sub-sale transactions, translating to a price-per-square-foot range of approximately S$1,086 to S$2,016 psf. This pricing reflects the development's maturity, location benefits, and the current market conditions in District 27.
The development offers diverse unit configurations to suit different buyer profiles:
- 1-Bedroom Units: 614-700 square feet, typically ranging from S$670,000-S$850,000
- 2-Bedroom Units: 850-1,076 square feet, generally priced S$850,000-S$1,200,000
- 3-Bedroom Units: 1,119-1,604 square feet (available with 2 or 3 bathrooms), ranging S$1,200,000-S$1,450,000
- 4-Bedroom Units: 1,862-2,153 square feet, typically S$1,450,000-S$1,690,000
The 2-bedroom and 3-bedroom configurations represent the most actively traded units in the current market, reflecting strong demand from young families and upgraders. Notably, several units feature private lift access, adding premium value for buyers prioritizing convenience and privacy.
To explore currently available units at Canberra Residences and view detailed listings with floor plans and transaction history, browse available properties on Homejourney's search platform. This gives you access to verified listings and transparent pricing information you can trust.
Why Buyers Choose Canberra Residences in 2026
Several factors drive continued buyer interest in Canberra Residences despite the development's 11-year maturity. First, the property offers genuine value in an increasingly expensive market—the price-per-square-foot positioning remains competitive compared to newer developments in adjacent districts, making it attractive for budget-conscious buyers seeking quality accommodation.
Second, the low-rise configuration appeals to buyers fatigued by high-density living. The 5-storey buildings create shorter elevator queues, quieter common areas, and a more intimate community atmosphere than typical 13+ storey condominiums. For families with young children or those prioritizing peace and tranquility, this distinction carries significant weight.
Third, the location in District 27 provides exceptional accessibility. Residents enjoy proximity to multiple MRT stations (Yishun and Sembawang), major expressways (KPE, CTE), and established shopping districts. The neighborhood has matured into a well-serviced area with schools, healthcare facilities, and dining options—reducing the "new development" premium while delivering proven livability.
Finally, the development's track record of stable management and well-maintained facilities provides confidence to buyers concerned about long-term property value preservation. A mature condominium with established systems and experienced management often outperforms newer developments during economic downturns.
Price Trends and Market Position Analysis
Canberra Residences' pricing reflects the broader District 27 market dynamics in early 2026. The development has maintained relatively stable valuations over the past 18 months, with modest appreciation in popular unit types. The current price range suggests the market views the development as a solid, mid-range option—neither undervalued nor premium-priced.
The S$1,086-S$2,016 psf range positions Canberra Residences competitively within the North region. Compared to newer launches in Yishun and Sembawang, the development offers meaningful cost savings—often S$200-400 psf less than recently completed projects. This value proposition becomes particularly compelling for first-time buyers working with limited budgets or investors seeking positive cash-flow rental yields.
Transaction velocity at Canberra Residences remains healthy, indicating sustained buyer confidence. The consistent flow of sales and rentals suggests the market has absorbed any previous oversupply concerns, supporting price stability going forward. For buyers, this translates to reasonable negotiating room without excessive urgency—a balanced market favoring informed decision-making.
Location Advantages: Why District 27 Matters
MRT Connectivity: Canberra Residences residents enjoy walking distance access to both Yishun MRT Station (Northeast Line) and Sembawang MRT Station (Northeast Line). Most units are within 800-1,000 meters of the nearest station, representing a 10-12 minute walk. This connectivity dramatically reduces commute times to the CBD, making the development attractive for working professionals.
Educational Institutions: The area hosts several well-regarded schools including Yishun Secondary School, Sembawang Secondary School, and multiple primary schools. Families prioritizing education access find District 27 particularly appealing, with most schools within 1-2 kilometers of the development.
Shopping and Dining: Yishun Central and Sembawang Shopping Centre provide comprehensive retail, dining, and entertainment options. These established shopping districts offer everything from supermarkets and hawker centers to restaurants and entertainment venues, eliminating the need to travel far for daily needs.
Recreation and Parks: The proximity to Sembawang Park, Yishun Park, and numerous green spaces provides excellent recreational opportunities. Residents enjoy easy access to jogging trails, cycling paths, and family-friendly outdoor activities—a significant lifestyle advantage for health-conscious buyers.
Investment Potential and Rental Yield Analysis
For investors, Canberra Residences presents a compelling opportunity in the rental market. Current rental rates range from S$1,800 to S$4,400 per month depending on unit type and configuration, translating to gross rental yields of approximately 3.2-4.8% annually—solid performance for a mature development in the North region.
The development attracts consistent rental demand from young professionals, expatriates, and small families seeking affordable, well-maintained accommodation in an accessible location. The diverse unit mix accommodates various tenant profiles, from single professionals in 1-bedroom units to families in 3-4 bedroom configurations. This flexibility supports high occupancy rates and reduces vacancy risk.
Capital appreciation prospects remain moderate but positive. While Canberra Residences won't deliver explosive growth, the development's established position, stable management, and location benefits support gradual value appreciation aligned with broader District 27 market trends. For conservative investors prioritizing cash flow over capital gains, this profile delivers attractive risk-adjusted returns.
Financing Your Canberra Residences Purchase
Most buyers finance Canberra Residences purchases through bank mortgages, typically securing 75-80% loan-to-value financing for owner-occupiers. Current mortgage rates in Singapore range from approximately 4.0-4.5% depending on your bank and credit profile. For a S$1,000,000 unit with 80% financing at 4.2%, monthly mortgage payments would approximate S$4,800-S$5,100 over a 30-year tenure.
CPF usage provides significant advantages for Singapore citizens and permanent residents. Most buyers can utilize both their own CPF savings and their spouse's CPF to fund the down payment and reduce the mortgage amount, improving cash flow significantly. This tax-advantaged financing mechanism makes Canberra Residences particularly accessible for local buyers.
Additional Buyer's Stamp Duty (ABSD) applies to foreign buyers and those purchasing additional properties. First-time Singapore citizen or PR buyer-occupiers purchasing their first property face no ABSD; however, subsequent purchases incur 5-15% ABSD depending on ownership status. Understanding your ABSD obligations is critical for accurate purchase budgeting.
To calculate your specific financing capacity and monthly payment obligations, use Homejourney's mortgage calculator to model different scenarios. This tool helps you understand affordability before engaging with agents or banks, ensuring you pursue properties within your genuine financial capacity.
The Buying Process: From Interest to Ownership
Purchasing a unit at Canberra Residences typically follows this timeline:
- Property Identification and Viewing (1-2 weeks): Browse available units on Homejourney, identify properties matching your criteria, and schedule viewings with agents
- Offer and Negotiation (1-2 weeks): Submit offers and negotiate terms directly with sellers or their agents
- Option to Purchase (1 week): Once an offer is accepted, you receive an Option to Purchase (OTP), typically valid for 7-14 days
- Legal Documentation (2-3 weeks): Your lawyer reviews contracts, conducts searches, and prepares for completion
- Mortgage Approval (2-4 weeks): Your bank processes the mortgage application and issues a loan approval letter
- Completion (1 day): Final funds transfer, document signing, and key handover occur
Total timeline from initial interest to ownership typically spans 4-8 weeks. Working with an experienced property agent and lawyer accelerates this process and reduces complications. Homejourney can connect you with trusted agents familiar with Canberra Residences transactions who understand the local market dynamics and can guide you efficiently through each stage.
Key Considerations Before Purchasing
Lease Decay: Canberra Residences features 99-year leasehold tenure. While this is standard in Singapore, be aware that lease length gradually decreases over time. The current lease has approximately 88 years remaining (from 2026), which remains acceptable for most financing purposes and resale value. However, monitor lease length as it approaches 80 years, as financing becomes more challenging and resale values may soften.
Management and Maintenance: Review the development's sinking fund status and maintenance history. A mature development like Canberra Residences may face upcoming major renovation requirements. Verify that adequate reserves exist and understand potential future special levies that could impact your ownership costs.
Market Saturation: With 320 units in a relatively contained development, the resale market can experience periods of oversupply. Ensure you're comfortable with the property's investment profile even if resale takes longer than anticipated.
Frequently Asked Questions About Buying at Canberra Residences
Q: What's the typical time to sell a unit at Canberra Residences?
A: Market absorption varies, but typical resale transactions complete within 4-8 weeks of listing. Popular unit types (2-3 bedrooms) typically sell faster than specialty configurations. Pricing competitively relative to current market rates accelerates sales.
Q: Are there any upcoming major renovations or special levies I should know about?
A: As a 2015-completed development, Canberra Residences is approaching the typical 10-year major renovation cycle. Request the management's sinking fund statement and maintenance reserve information before purchasing to understand potential future costs.
Q: How does Canberra Residences compare to newer developments in District 27?
A: Canberra Residences offers 15-25% lower pricing than comparable newer developments, established management systems, and proven livability. However, newer projects offer modern finishes and potentially better long-term appreciation. Your choice depends on whether you prioritize current affordability or premium finishes.
Q: Can I rent out my unit immediately after purchase?
A: Yes, Canberra Residences permits immediate rental without restrictions. However, verify the specific unit's lease terms and management regulations. Most units can be rented within 2-4 weeks of completion.
Q: What's the realistic rental yield at Canberra Residences?
A: Gross rental yields typically range 3.2-4.8% annually depending on unit type and market conditions. A S$1,000,000 unit renting for S$3,200-3,800 monthly delivers approximately 3.8-4.6% gross yield before expenses.
Your Next Steps: Making an Informed Decision
Canberra Residences represents a genuine opportunity in Singapore's residential market for buyers prioritizing value, accessibility, and proven livability over premium finishes or new development prestige. The development's established position, diverse unit mix, and competitive pricing create a compelling case for multiple buyer profiles.
To move forward confidently, we recommend three actions:
First, explore available units on Homejourney's search platform to understand current inventory and pricing. Homejourney's verified listings provide transparent pricing information and detailed property information you can trust—our commitment to user safety means all listings are verified and accurate.
Second, review detailed price trends and transaction history for Canberra Residences on our project analysis page. Understanding historical pricing patterns and recent comparable sales helps you negotiate effectively and assess fair market value.
Third, calculate your financing capacity using our mortgage calculator
