The preview of the Canberra Residences development received positive response, with 160 of the 200 (around 80 percent) of the units released snapped up.
“Canberra Residences is a choice investment for the genuine first-time home buyer and upgrader. The developer has taken great care to meet the needs of both first-time home owners, as well as extended families, with its variety of apartment configurations. Its affordability will be another strong pull factor when public sales begin,” said Joseph Tan, Executive Director for Residential at CB Richard Ellis (CBRE), which is marketing the project.
The 99-year leasehold project, which is located along Canberra Drive, comprises 320 units in 13 five-storey apartment blocks. Developed by MCC Group’s subsidiary, MCC Land (Singapore), the project also features an attic, swimming pool, basement car park and communal facilities. It is expected to be launched on 12 February.
The units range from one-bedroom, two-bedroom, two-plus-study-unit, three-plus-one-studio layout and four-bedroom dual key configurations. Sized from 614 to 2,250 sq ft, the units are priced from S$830 psf to S$860 psf.
“The healthy sales volume at the preview is a clear indication that there is a ready pool of buyers for projects such as Canberra Residences. Its proximity to a wide range of educational institutions, transport modes and parks makes Canberra Residences a very viable investment for long-term investors,” said PY Wong, Executive Director at MCC Land.