Between Jan to march 2021, Mr Aaron Chang predicted that Singapore’s real estate market will grow 3%. He was very accurate. In fact the market have move more than 5% year on year. Choosing the right real estate asset is extreme vital otherwise the growth will remain stagnant and flat.
Developer United Venture Development jointly owned by UOL Venture Investment (fully owned by UOL), a subsidiary of UIC (fully owned), and Kheng Leong Company Pte Ltd. United Venture Development under UOL secured the property with a highest bid of $270.2m or $650 psf, beating out three other bidders for the coveted land. The Watergardens at Canberra Executive Condo will be developed with approximately 413 premium units in five 13-storey blocks and four 11-storey blocks.
The total site area of The Watergardens at Canberra is 27,566.1 sq m and a GFA of 38,593 sq m GFA. It is expected to accommodate up to 455 residential units with a permitted height of five storeys or 35-50 metres.
The Watergardens site is the larger of the two Canberra Drive sites and was awarded to United Venture Development by Urban Redevelopment Authority (URA). The site was part of the Government Land Sales programme and managed to attract a total of four bids. The second highest bid of $257.9 came from the partnership between Greatview Group and MCC Land (Singapore).
The Watergardens at Canberra Residence EC project is located in a well-connected area of Singapore, close to the upcoming Canberra MRT Station as well as Sembawang MRT Station. Moreover, the location is less than 30 minutes by car from Central Business District, making it a good choice for those working in the CBD.
The stunning location will be surrounded by a range of upscale amenities, including a brand new shopping mall, premium sports club and limitless connectivity options. As an executive condominium project in Singapore, those who are able to meet the purchase criteria to acquire a unit will find that they receive unmatched value.
Why The Watergardens At Canberra Residence Ec Condo Development?
The Watergardens at Canberra Residence EC is located in Canberra Link, which is emerging as one of Singapore’s best suburban neighbourhoods! Surrounding The Watergardens at Canberra Residence Executive Condo development will be a wide range of newly constructed shopping, entertainment, sports, community and business facilities.
In addition, the strategic location of The Watergardens at Canberra Residence EC means that residents will be just a short distance away from many of Singapore’s best shopping malls and amenities. Sembawang Shopping Centre offers a fantastic shopping and entertainment experience without having to walk too far.
As District 27 continues its evolution into one of the best family residential areas in Singapore, buying a unit in The Watergardens at Canberra Residence EC becomes an attractive investment. More high-end amenities and facilities will flow into the area in the coming years.
A great advantage of The Watergardens at Canberra Residence EC development is that it offers suburban living while still keeping residents connected to everything they need.
The Watergardens at Canberra Residence will be extremely close to the upcoming Canberra MRT station, with the Sembawang MRT station nearby. There are also growing routes as the Sembawang Interchange continues to be developed, providing another travel option for residents.
Motorists can reach Central Business District in less than 30 minutes by connecting to the Central Expressway, Tampines Expressway and Seletar Expressway.
The North-South Expressway, Singapore’s longest Transit Priority Corridor, with dedicated bus lanes, cycle and pedestrian paths, will be ready in 2026, providing another element of connectivity.
The Watergardens at Canberra Residence EC is the perfect place for residents with children as it offers the perfect mix of entertainment, education and recreation right on their doorstep.
Schools near The Watergardens at Canberra Residence EC
Near The Watergardens at Canberra Residence EC development, there are a number of top-notch educational institutions that cater to students of all ages.
– Canberra Primary School
– Sembawang Primary School
– Ahmad Ibrahim Primary School
– Wellington Primary School
– Endeavour Primary School
– Canberra Secondary School
– Sembawang Secondary School
Parents with younger children have many options in the area to attend both primary and secondary school. As a family friendly area there are a large number of pre-schools, nurseries and kindergartens all within walking distance of the development.
Executive Condominiums in Singapore are highly sought after
An executive condominium in Singapore is a hybrid residential project that is a combination of private and public. This means that the condominium is partially subsidised by the Singapore government, which means that buyers can expect a 20% to 30% discount compared to the surrounding complexes.
The fact that the prices are significantly reduced, as well as the fact that the public nature of the building means that the government contributes to the overall maintenance and future amenities, makes executive condos extremely rare in Singapore.
The Watergardens at Canberra Residence EC prices offer great value
A great advantage for all Singaporeans who own an executive condo like The Watergardens at Canberra Residence is that they benefit from lowered prices when they buy. Since the condos are subsidised by the government, they can expect prices as low as ¾ of other privately sold condos in the up-and-coming Sembawang region.
As Canberra and Sembawang continue their development to become a hub for family living while offering world-class amenities that Singaporeans love, The Watergardens at Canberra Residence EC represents a fantastic investment opportunity before the region is fully developed.
Also, due to the unique developments surrounding the condo, it has become an ultimate destination for family living. By owning a property in this condo, you have access to Canberra Link and Canberra Walk. You can also access the nearby Sembawang HDB Towns and Yishun. Its strategic location is connected to other unique residential areas, CBD and amenities. The condo is just a short walk away from Sembawang Shopping Centre where you can access retail shops, eateries and supermarkets. The use of private cars and public transport is also available.
The condo is ideal for parents with school aged children. Recognised schools are located in the vicinity of the condominium including Canberra Primary School, Canberra Secondary School, Sembawang Secondary School, Sembawang Primary School, Ahmad Ibrahim Primary School, Wellington Primary School, Endeavour Primary School and more. There are also quality kindergartens, nurseries and preschools near the condo and your children can enjoy quick access to these schools.
The Watergardens at Canberra Summary
✔ The condo is strategically located in an established residential area in Sembawang.
✔ The total land area is 296,721 sq ft.
✔ The property is connected to both Seletar Expressway and Sembawang Road.
✔ There are many amenities in the area, including Sembawang Primary School, Sembawang Shopping Centre, and more.
✔ The Watergardens at Canberra is located within walking distance of the Canberra MRT station.
✔ There are many good shopping malls in the area including the Sembawang Shopping Centre, the Sun Plaza Shopping Centre, and more.
✔ The new Sembawang Sports and Community Centre is expected to offer various indoor and outdoor sports activities.
✔ Some of the restaurants in the area include Sembawang Traditional Claypot Rice, Yishun 925 Chicken Rice, and Chong Pang City Wet Market & Food Centre.
✔ The Watergardens at Canberra is located near some of the most beautiful parks Singapore has to offer, including Yishun Neighbourhood Park, Canberra Park, and Sembawang Park.