The recently closed tender for the executive condominium (EC) site on Canberra Drive has generated significant interest among developers, drawing a total of 13 bids before the deadline on October 1, 2026. The highlight of the bidding was a top offer of S$163.9 million, translating to approximately S$825 per square foot per plot ratio (psf ppr). This figure not only reflects the strong demand for residential properties in the area but also positions the site to potentially set a new land-rate record for ECs if awarded at this price.
The Canberra Drive EC site is strategically located, making it an attractive option for developers looking to capitalize on Singapore’s growing housing market. The competitive nature of the tender indicates a robust interest in this segment, with various developers keen to secure a prime piece of real estate in an area that is rapidly developing.
As the dust settles on this tender, it will be interesting to see how the successful bidder plans to utilize the site and what kind of residences will eventually be developed. With the EC landscape evolving, this site could indeed become a notable addition to the vibrant housing options available in Singapore.