Crowd at preview of Canberra Crescent Residences a fortnight ago (Photo: Kheng Leong Co.)
Joint developers Keng Leong Co. and Low Keng Huat launched Canberra Crescent Residences, a 99-year leasehold condominium in Sembawang on August 2. The private condo achieved initial sales of 150 out of 376 units, or 40% take-up. The average price of units sold was $1,974 psf.
Wee Teng Yuan, deputy director of Kheng Leong Co., considers the project relatively well-received. “We think our average price of around $1,974 psf at Canberra Crescent Residences also looks very attractive when compared against recent transacted prices of new mass market homes," he says.
PropNex Research shows that the average unit price of new non-landed private homes sold in the Outside Central Region (OCR) was more than $2,300 psf in the period from January to the end of July 2025, citing caveats lodged to date.
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According to Kheng Leong, the most popular unit types at Canberra Crescent Residences were the two- and three-bedroom units, which collectively accounted for 80% of the sales.
The one-bedroom units in the project, which make up just three units, are fully taken up at prices from $880,000. About one-third of the 84 four-bedroom units have also been sold.
Marcus Chu, CEO of ERA Singapore, notes that most buyers are HDB upgraders familiar with the area. Nearly 8,600 flats in Sembawang reached their minimum occupation permit (MOP) from 2021 to 2025. This created a large upgrader pool. In 1H2025, 68 four-room and larger flats sold for over $800,000, which enables these homeowners to upgrade to private property.
Approximately 75% of the units have three or four bedrooms. This makes Canberra Crescent Residences a suitable choice for families seeking to purchase their own homes, notes Chu.
Canberra Crescent Residences marks the first new private condo launch in the OCR since 1Q2025, when a string of OCR projects came onstream, says Kelvin Fong, CEO of PropNex. They include the 1,193-unit ParkTown Residences in Tampines North, the 113-unit Bagnall Haus on Upper East Coast Road, and the 501-unit Elta at Clementi Avenue 1.
Coming up next 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, adds Fong.
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Canberra Crescent Residences is the first new Canberra private condo project in four years, notes Mark Yip, CEO of Huttons Asia. The last new projects were The Watergardens at Canberra and The Commodore, launched in 2021.
The Watergardens at Canberra, with 448 units, was launched in August 2021 at $1,446 psf. It sold out by March 2023 and was completed in 2024. Between January and July 2025, 19 units changed hands in sub-sales at an average of $1,744 psf — a 20.6% increase compared to the original launch price. The Commodore, a 219-unit project, launched in November 2021. It was fully sold by June 2023 at $1,489 psf. Since December 2024, 11 units have 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. Units were sold out at an average of $1,101 psf. The project reached completion in November 2023.
Beyond Canberra, Canberra Crescent Residences is also the first new launch in the northern region since Norwood Grand in October 2024, says Huttons’ Yip. Norwood Grand, a 348-unit project in Woodlands, is 85% sold at an average price of $2,066 psf. According to Huttons' Yip, it reflects “strong demand for new properties in the north”, which supports the positioning of Canberra Crescent Residences at its current pricing level.
Canberra Crescent Residences is situated near Bukit Canberra, an integrated sports and community hub, as well as Canberra Plaza, a suburban mall. Yip points out that the project has good growth potential.
Apart from its competitive pricing, PropNex's Fong expects the government’s transformation plans for the Sembawang North to draw homebuyers’ attention to the area.
Read also: One in four BTO flats in February launch to come with shorter waiting times
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.
Huttons’ Yip comments, "There may also be a new Seletar MRT line from Woodlands to the Greater Southern Waterfront, potentially including a Sembawang station. This could provide an alternative route to the city."
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