Type

Units

Min Area

Price Range

3 BR

1001 sqft

S$748K

Property Highlights

HDB development with 1 unit currently available.
Prices currently start from S$748K.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$150K on this acquisition.
Located 6 min (470 m) from NS12 Canberra MRT Station.

Housing Grants & Financing

Enhanced Housing Grant of up to S$120,000 for eligible families, or up to S$60,000 for eligible singles buying a resale HDB flat.
Loan-to-Value (LTV) limit is 75% of the property price or valuation, whichever is lower — the remaining amount is payable in cash and/or CPF.
Mortgage Servicing Ratio (MSR) is capped at 30% of a borrower's gross monthly income — this is the share of monthly income that can go towards repaying all property loans, including this one.
Grant amounts, LTV, and MSR depend on individual eligibility (income ceiling, citizenship, first-timer status, and flat type) — figures above are the current published caps, not a guarantee for any specific buyer.

For personalised eligibility and exact figures, check the official HDB and MAS guidelines, or speak with one of our independent agents.

Price Trends & Rental Yield

Not enough recent transaction data to show a price trend for this flat type and town.

Interested in this property?

Send a quick enquiry our Singapore Property team will reach out within 24 hours.

115C Canberra Walk: Established HDB Living Near Canberra MRT

115C Canberra Walk stands as part of a mature Housing and Development Board estate in one of Singapore's most vibrant neighbourhoods. Located just 470 metres from Canberra MRT Station on the North-South Line, this development benefits from exceptional public transport connectivity that has made the area consistently popular with both owner-occupiers and investors seeking reliable long-term value.

The development encompasses a range of residential units designed to suit diverse household needs. Three-bedroom configurations with two bathrooms represent a practical middle ground for growing families, whilst the interior space of approximately 1,001 square feet provides sufficient room for modern living without excessive maintenance demands. Units at 115C Canberra Walk are positioned within the S$748,000 price bracket, reflecting the mature estate's established status and the neighbourhood's sustained desirability.

Location and Transportation Advantages

Proximity to Canberra MRT Station fundamentally shapes the development's appeal and investment credentials. The North-South Line connection provides rapid access to the Marina Bay financial precinct, Orchard Road's commercial and retail core, and Jurong East's burgeoning business district. This routing ensures that professionals working across Singapore's primary employment hubs benefit from straightforward commute patterns, whilst the station's reliability and frequency of service reinforce the area's practical appeal.

The six-minute walking distance positions 115C Canberra Walk comfortably within the optimal catchment radius that maximises MRT accessibility benefits without placing the development in an overly dense or congested microzone. The neighbourhood's street-level pedestrian infrastructure—including covered walkways and well-maintained footpaths—makes the journey to the station convenient even during inclement weather.

Neighbourhood Character and Amenities

Canberra estate has matured into a well-established residential community with three decades of proven stability. The surrounding precinct contains a comprehensive array of neighbourhood facilities including hawker centres offering authentic local cuisine, supermarket chains, pharmacies, and dining establishments ranging from casual cafés to sit-down restaurants. The proximity to Queenstown shopping centre adds another layer of retail and entertainment options within reasonable travelling distance.

Families with school-age children benefit from the locality's position within several established primary and secondary school catchment zones. The availability of quality education options—both within the neighbourhood and accessible via short MRT rides—reinforces the development's suitability for multi-generational households. Recreational facilities integrated throughout the estate include community centres, playgrounds, and open spaces that support active, community-oriented lifestyles.

Property Type and Configuration

As Housing and Development Board flats, units at 115C Canberra Walk represent a fundamental asset class within Singapore's property market. HDB ownership carries distinct advantages for eligible Singaporean purchasers, including eligibility for Central Provident Fund (CPF) usage, access to the HDB Loan scheme with competitive interest rates, and a straightforward transactional process backed by established regulatory frameworks. The three-bedroom, two-bathroom layout caters to families seeking practical, efficient living space without the complexity or maintenance burden associated with larger private residential properties.

The approximate 1,001 square feet of internal area translates to sensible room dimensions and functional kitchen-dining arrangements typical of well-designed HDB units. This scale avoids the sense of spatial compression whilst maintaining efficient utility and service layouts. The two-bathroom configuration provides essential convenience for multi-generational or busy professional households where simultaneous morning routines are routine.

Market Positioning and Investment Outlook

The HDB resale market in mature estates near established MRT stations has demonstrated consistent resilience across market cycles. Units at 115C Canberra Walk compete within a proven segment where supply remains relatively constrained—the estate's age and built-out character mean that new inventory enters the market gradually, supporting stable capital values for existing owners. The neighbourhood's demographic profile—a mix of upgraders, young families, and working professionals—ensures steady demand from repeat purchasers seeking familiar, well-serviced environments.

For investors evaluating HDB acquisitions in this segment, the combination of near-station location, three-bedroom configuration, and established neighbourhood character typically generates rental yield in the 2.5 to 3.5% range depending on specific market conditions and unit-level variables. The relative affordability of HDB units compared to private residential alternatives means that purchaser pools extend across multiple income brackets, supporting both owner-occupation and rental strategies.

Connectivity to Employment and Entertainment Districts

The North-South Line routing provides direct access to Marina Bay and the Central Business District—critical advantages for professionals employed in finance, technology, and professional services sectors. The line also serves Orchard Road, where retail, hospitality, and corporate headquarters cluster, and extends to Jurong East, where petrochemical, pharmaceutical, and technology manufacturing operations anchor Singapore's western economic zones. This multi-nodal accessibility ensures that career progression or job changes rarely necessitate residential relocation.

Weekend and leisure connectivity follows the same routing, with easy access to Marina Bay's cultural venues, Orchard Road's entertainment spectrum, and connections to Island-wide attractions via the MRT network's interchange stations. The neighbourhood itself contains sufficient amenity density that many daily requirements can be fulfilled locally, reducing transport burden and cost.

Future Considerations and Market Dynamics

As a mature HDB estate, 115C Canberra Walk operates within a neighbourhood where major infrastructure development is essentially complete. This stability supports predictable valuation trajectories uncomplicated by disruptive construction or neighbourhood-altering projects. However, the estate's age also signals that selective upgrading and maintenance programmes may be considered by the HDB over coming years—whilst such initiatives can enhance neighbourhood quality, they may generate temporary disruption. The offset, however, lies in the property's proven rental and resale stability, supported by the permanent fixture of proximate MRT connectivity and established community infrastructure.

The broader Queenstown planning area has seen selective densification and commercial development, particularly around transport nodes, which tends to reinforce rather than diminish the appeal of well-located residential pockets. 115C Canberra Walk's position within this dynamic yet established neighbourhood balances growth-driven appreciation potential against the stability associated with mature, fully-serviced urban residential environments.

Frequently Asked Questions

What rental yield should I expect if I purchase a unit at 115C Canberra Walk as an investment?

HDB units in mature, MRT-proximate estates like 115C Canberra Walk typically generate rental yields in the 2.5 to 3.5% range, depending on prevailing market conditions, unit configuration, and lease length remaining. Three-bedroom units with two bathrooms appeal to family-oriented tenants, schools-conscious renters, and multi-generational households, which tends to support consistent occupancy. The development's location just 470 metres from Canberra MRT Station enhances tenant demand, as working professionals value proximity to transport links. Rental returns are characterised by stability rather than volatility, reflecting the established neighbourhood's mature tenant demographic and predictable demand patterns across market cycles.

How does pricing per square foot at 115C Canberra Walk compare to recent HDB transactions in Queenstown?

Units at 115C Canberra Walk priced around S$748,000 for approximately 1,001 square feet equate to roughly S$747 per square foot, positioning the development competitively within Queenstown's established HDB market. Recent arm's-length transactions in neighbouring estates and locations within the same planning zone have ranged from S$700 to S$800 per square foot depending on floor level, unit age, specific amenities, and renovation status. The proximity to Canberra MRT Station—a premium locational attribute—typically commands a modest price premium relative to estates further removed from transport interchanges. Comparing 115C Canberra Walk against recent comparable sales in Tanglin, Clementi, and adjacent Canberra estate precincts reveals that pricing reflects fair-market value for a three-bedroom unit in a well-served, mature location.

What are the Additional Buyer's Stamp Duty implications for a second-property purchase at 115C Canberra Walk?

Singapore citizens purchasing a second residential property at 115C Canberra Walk are subject to Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% on the purchase price. On a S$748,000 transaction, ABSD would amount to approximately S$149,600, substantially increasing total acquisition costs alongside the standard Buyer's Stamp Duty payable on the property transfer. This duty is calculated at contract stage and must be paid within fourteen days of the contract being lodged at the land titles registry. ABSD considerations are material for investors or upgraders and should feature prominently in financial modelling; many purchasers structure financing to accommodate ABSD without compromising mortgage serviceability ratios or drawing excessive central provident fund contributions.

What is the lease tenure at 115C Canberra Walk, and how might lease decay affect resale value?

HDB units at 115C Canberra Walk are issued on a 99-year leasehold basis from the point of original development completion. The 99-year tenure is standard for Singapore's public housing stock and does not carry the same lease-decay risk profiles associated with significantly older private residential leasehold property. Historically, HDB units have demonstrated resilience in resale markets even as leases age, because the HDB provides Lease Buyback Scheme options for eligible owners aged fifty-five and above, allowing partial capital recovery. Market evidence suggests that HDB three-bedroom units in established estates with strong MRT connectivity maintain stable valuations for decades, with downward pressure typically only becoming material when lease terms fall below thirty to forty years. For current purchasers at 115C Canberra Walk, lease tenure considerations should not materially impact medium to long-term ownership or resale prospects.

How does proximity to Canberra MRT Station (NS12 Line) affect demand and capital appreciation potential?

Direct proximity to an established MRT interchange represents one of the most significant value drivers in Singapore's property market, and Canberra MRT's position on the North-South Line—connecting the Marina Bay CBD, Orchard commercial zones, and Jurong East industrial precincts—reinforces consistent demand from working professionals, students, and commuters. The six-minute walking distance places 115C Canberra Walk firmly within the optimal catchment radius where transport accessibility genuinely influences daily utility and reduces commute times by thirty to forty minutes relative to car-dependent alternatives. Historically, HDB units within six to ten minutes' walk of established MRT stations appreciate more steadily than those further removed, supported by continuous demand from transport-reliant demographics. The North-South Line's centrality to Singapore's employment and education geography ensures that MRT proximity at 115C Canberra Walk remains a durable demand driver across multiple property cycles.

Which buyer profiles are best suited to 115C Canberra Walk—first-time buyers, upgraders, investors, or HNW purchasers?

115C Canberra Walk appeals most strongly to first-time HDB buyers with household incomes between S$5,000 and S$8,000 monthly, as the price point and three-bedroom configuration align with first-purchase affordability and CPF sufficiency thresholds. The development also suits young professional upgraders moving from smaller one or two-bedroom units into family-sized accommodation whilst remaining within established, well-serviced neighbourhoods. Investors seeking stable rental yields with moderate leverage appeal to HDB acquisitions at this price point and location, particularly those targeting long-term buy-to-rent strategies rather than speculative appreciation. HNW purchasers typically gravitate toward private residential properties or trophy HDB units in exceptional locations; however, property-savvy investors may view 115C Canberra Walk as a portfolio diversification asset offering yield and capital stability at accessible entry prices. The broad appeal across multiple buyer profiles supports consistent resale demand.

What are the TDSR and financing considerations at the 115C Canberra Walk price point for a typical purchaser?

A S$748,000 purchase at 115C Canberra Walk with standard 25-year HDB Loan financing (approximately 2.6% interest as of current rates) generates monthly mortgage obligations around S$3,200 to S$3,400 depending on exact tenure and down payment allocation. The Total Debt Servicing Ratio (TDSR) ceiling of 60% means that purchasers require documented household income of approximately S$5,300 to S$5,700 monthly to service mortgage plus other obligations comfortably. Most first-time buyers accessing CPF for down payments and mortgage payments find financing accessibility straightforward, as HDB's assessment criteria favour owner-occupiers with stable employment. For investors purchasing as second properties, ABSD costs of approximately S$149,600 must be factored into total acquisition expenses, creating financing headroom pressures for leveraged acquisitions; however, anticipated rental income of S$2,200 to S$2,600 monthly typically justifies financial structures supporting leveraged investment strategies.

How does 115C Canberra Walk compare to competing HDB developments in Queenstown and Tanglin?

115C Canberra Walk competes directly with units in adjacent Canberra estate precincts, Tanglin estate, and Clementi's outlying HDB clusters. Compared to Tanglin estates located further from MRT interchanges, 115C Canberra Walk offers superior transport connectivity at comparable or marginally higher per-square-foot prices; the MRT proximity premium typically justifies price differentials of 3 to 5%. Relative to Clementi's HDB estates (served by Clementi MRT on the East-West Line), 115C Canberra Walk offers comparable transport accessibility and neighbourhood amenities but operates in a distinct micromarket with its own tenant and buyer pool. Against older Queenstown precincts immediately adjacent to shopping centres, 115C Canberra Walk trades marginal convenience for newer build quality and consistent facilities maintenance. Overall, competitive positioning is favourable; the development offers fair-market value reflective of location premium, mature neighbourhood status, and proximity to active MRT connectivity without excessive pricing relative to acceptable substitutes.

Which floor levels or unit stacks within 115C Canberra Walk offer best value—higher, middle, or lower floors?

HDB valuation frameworks historically favour mid-to-higher floor units (floors 10-25) in developments like 115C Canberra Walk, as these positions balance light penetration, ventilation, security advantages, and reduced noise exposure from street-level activity. Lower-floor units (floors 1-5) typically trade at 5 to 10% discounts despite lower lift waiting times, reflecting concerns regarding natural light, perceived security, and ambient noise from common areas; however, buyers with mobility constraints or ground-floor preference may view these units favourably. Higher-floor units (floors 26+) command modest premiums of 3 to 7% attributable to superior views and air circulation, though these benefits rarely justify proportionally larger price premiums. For investors prioritising rental yield and tenant appeal, mid-floor units (floors 10-18) represent optimal value positioning, as they appeal broadly to tenant pools whilst avoiding marginal premium pricing associated with corner or high-floor units. Ultimately, value depends on specific internal configuration, orientation (east/west exposure), and unit-level factors beyond pure floor level.

What is the future supply pipeline in Queenstown district, and could new developments affect 115C Canberra Walk's resale demand?

Queenstown planning area has reached near-complete built-out status, with limited large-scale greenfield capacity remaining for new HDB estate development. The Urban Redevelopment Authority's long-term planning framework indicates selective high-rise intensification around core transport nodes rather than suburban expansion; however, these intensification projects typically occur incrementally and affect specific precincts rather than wholesale neighbourhood transformation. 115C Canberra Walk's established position within a mature estate means that new supply directly competing for the same buyer and tenant pools is constrained, supporting stable valuations. Any future development activity in Queenstown would more likely target commercial intensification or mixed-use precincts adjacent to MRT stations rather than residential estate expansion. This supply-constrained environment characterises a structural advantage for existing HDB units in well-located positions; as population growth continues and transport infrastructure density increases, supply scarcity tends to reinforce capital stability and moderate appreciation for existing developed areas like 115C Canberra Walk.

Hdb Flat At 115C Canberra Walk — From S$748K