UOL to reopen The Watergardens at Canberra sales gallery for preview on Aug 14
The scale model of The Watergardens at Canberra, which comprises 448 units across 16 five-storey blocks. (Picture: Samuel Isaac Chua/The Edge Singapore)
SINGAPORE (EDGEPROP) - The sales gallery of The Watergardens at Canberra will reopen for preview on Aug 14. This follows the government’s announcement on Aug 6 that Singapore will be opening up its economy from Aug 10, with a two-phased easing from its Phase Two (Heightened Alert) state. (See also: UOL to preview Watergardens at Canberra on July 17; prices start from $1,380 psf)
The developer has also announced that the project could be launched for sale by the end of August 2021.
The Watergardens at Canberra, which comprises 448 units, had previewed on July 17. However, the sales gallery has closed from July 21, following the government’s announcement that Singapore would return to Phase Two (Heightened Alert) from July 22.
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The Watergardens at Canberra is a joint-venture (JV) project between UOL, Singapore Land and Kheng Leong Co. The JV was awarded the government land sale site in March last year after submitting the top bid of $270.2 million ($650 psf per plot ratio).
The 296,722 sq ft, 99-year leasehold site is located on Canberra Drive, in the neighbourhood of the private landed housing enclave of Sembawang Springs Estate as well as opposite newly completed HDB flats. It is also close to the Canberra MRT Station on the North-South Line that opened in November 2019. (See: Find HDB flats for rent or sale with our Singapore HDB directory)
The design of The Watergardens at Canberra is inspired by nature, given its proximity to park connectors and green spaces. Water features circle the condo.
The new development has 16 five-storey blocks. The developer is offering a mix of two- to four-bedroom unit types, with larger-sized premium options available for two- and three-bedroom units.
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Larger-sized units are being offered as the expected demand for new private residential developments in the area is likely to come from upgraders of the nearby HDB estates, as well as couples and multi-generational families.
Prices will start from about $1,382 psf. “We believe The Watergardens at Canberra will be the most affordable new launch in 2021 that is at the doorstep of an MRT station,” says Jesline Goh, UOL chief investment and asset officer. (See also: Discover all Singapore new launch condos in 2021)
Two-bedroom units, with sizes from 646 to 678 sq ft, will start from below $920,000. Three-bedroom units with sizes from 904 to 1,163 sq ft will be priced from $1.3 million. Four-bedroom premium units with sizes from 1,302 to 1,528 sq ft, will have prices starting from $1.8 million.
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UOL’s Goh expects robust demand for the new project, because “it will be the first private development to be launched in the area following the opening of Canberra MRT Station in November 2019”.
Canberra is a region with strong growth potential, adds Goh. She sees the new project attracting both home buyers and investors alike. The Watergardens at Canberra is expected to be completed in 2Q2026.
Check out the latest listings near The Watergardens at Canberra, Canberra MRT Station
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