HDB launches tender for first site since tightened EC rules, at Canberra Drive
Period Singapore’s Lim adds that the family member comfort of the Canberra Drive website could boost its attract both programmers and future purchasers, specifically as EC websites are commonly located in much less main areas.
That said, Yip thinks that the Canberra Drive site can still see passion from developers due to its attractive locational characteristics. Canberra MRT Terminal, on the North-South Line, is located within walking distance of the site, while schools such as Sembawang Primary School and Wellington Primary School lie within a 1km span.
An executive condo (EC) location at Canberra Drive has been launched for sale under the Confirmed Listing of the 1H2026 Government Land Sales (GLS) program. The 99-year leasehold EC site spans 124,167 sq ft and is expected to produce approximately 185 brand-new residential units.
“Given the very attractive place of this Canberra Drive site, which is fairly nearer to facilities than the previously plot, we expect developer interest for this location to be healthy,” mentions Quek.
The tender for the EC site at Canberra Drive are going to seal on Oct 1, 2026.
Additionally, Justin Quek, deputy group CEO of Realion (OrangeTee & ETC) Team, expects the website to gather programmer passion because of the prospective suppressed need for EC units in the location.
Against this backdrop, Huttons Asia chief executive officer Mark Yip expects the Canberra Drive place to act as a “litmus test” of property developers’ assurance adhering to the policy change. He includes that the tighter policies could narrow the pool of second-time customers and potentially lengthen the sell-out period for future EC projects.
“This is the 1st EC GLS area to be put out to tender since the most recent steps on EC acquisitions were revealed on May 8,” states Eugene Lim, key managing officer of ERA Singapore. The steps include lengthening the minimum occupation period to 10 years, getting rid of the Credit System, and growing first-timer priority at new EC release.
He anticipates 3 to four prospective buyers for the site, and anticipates the leading quote to come in at about $600 to $700 psf ppr.
Meanwhile, Huttons Asia’s Yip prepares for approximately 5 proposals for the Canberra Drive site, keeping in mind that its “bite-size quantum” could offer lower danger to programmers. He estimates the highest proposal price to range in between $630 to $700 psf ppr.
The last GLS site that was granted in that area was in September very last year, when Oriental Pacific Holdings sent the highest possible of four proposals at $692 psf per plot ratio (ppr), or $198 million, to protect the EC spot at Sembawang Roadway.
