Type

Units

Min Area

Price Range

3 BR

969 sqft

S$1.6M

Property Highlights

Condo development with 1 unit currently available.
Prices currently start from S$1.6M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$324K on this acquisition.
Located 3 min (230 m) from NS12 Canberra MRT Station.

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The Commodore: A Contemporary Residential Development in Canberra

The Commodore stands as a well-positioned residential condominium located at 67 Canberra Drive, nestled within the established and family-orientated Canberra estate. This development represents a compelling option for both owner-occupiers and investment-minded buyers seeking exposure to a mature residential precinct with robust transport connectivity and established community infrastructure.

Strategically situated merely 230 metres from Canberra MRT Station on the North–South Line (NS12), The Commodore offers residents seamless connectivity to Singapore's primary transport spine. This proximity translates into significant commuting advantages, permitting direct access to the city's financial district, major employment hubs, and educational institutions within minutes. The station's accessibility has historically proven a cornerstone driver of property demand and long-term capital appreciation within the surrounding locality.

Location and Connectivity Advantages

The Canberra estate is recognised as one of Singapore's more mature residential neighbourhoods, characterised by tree-lined streets, family-oriented demographics, and a comprehensive local ecosystem of schools, shopping facilities, and recreational amenities. The district's established nature provides stability and predictability for buyers, particularly those prioritising lifestyle considerations alongside investment fundamentals. Proximity to both Canberra MRT and the broader North–South Line corridor ensures that residents maintain convenient access to Singapore's primary economic zones, secondary business centres, and leisure destinations.

The location itself sits within a district that has historically attracted multi-generational families, upgraded owner-occupiers, and discerning investors seeking exposure to well-anchored residential stock. The maturity of surrounding infrastructure—including schools ranging from primary to junior college level, medical facilities, and dining and retail precincts—renders The Commodore particularly appealing to buyers prioritising a balanced lifestyle with strong transport links.

Unit Offerings and Space Considerations

The Commodore presents a range of unit configurations to accommodate varying household sizes and lifestyle preferences. Units within the development span multiple bedroom configurations, with internal areas measuring up to approximately 969 square feet, providing generous accommodation that appeals to upgraders transitioning from smaller properties and families requiring additional living space. The scale of these units positions them competitively against comparable offerings within the same district, where efficient space utilisation remains a primary consideration for buyers seeking value.

Buyers at The Commodore benefit from layouts that prioritise functional living spaces and efficient room proportions, facilitating flexible furniture arrangement and modern lifestyle adaptation. The availability of multiple unit types across the development ensures that prospective purchasers can identify configurations aligned with their household composition and spatial requirements without compromise.

Investment Thesis and Rental Demand

The Canberra estate has demonstrated resilient tenant demand over successive market cycles, driven by the confluence of MRT accessibility, established local amenities, and the district's reputation as a stable residential neighbourhood. Investors acquiring units at The Commodore can reasonably anticipate consistent rental enquiries from both expatriate and local professional tenants seeking convenient access to the city centre whilst residing in a family-friendly setting. The development's location within a mature estate with complementary residential stock positions it favourably within the broader investment market.

Rental yields in this precinct have historically tracked the broader residential market, with demand supported by tenant preference for proximity to public transport and established lifestyle amenities. The North–South Line's position as Singapore's most heavily utilised mass transit corridor further underpins the rental appeal of properties within this catchment, as tenant mobility preferences continue to favour developments with direct station access.

Pricing Considerations and Market Context

Units at The Commodore are priced from S$1.62 million, positioning the development within the upper-middle segment of the Canberra estate's condominium market. This pricing reflects the development's locational advantages, unit specifications, and the prevailing market valuation for properties within this precinct and MRT catchment. Prospective buyers considering acquisition at these price points should evaluate their own financial parameters and long-term ownership intentions within the context of broader market conditions and personal investment objectives.

The pricing framework reflects typical per-square-foot valuations observed in recent transactions within the Canberra locality, calibrated to account for MRT proximity, development age and condition, and the specific unit configurations on offer. Comparative analysis with neighbouring developments demonstrates that The Commodore's pricing remains consistent with market expectations for residential stock positioned at equivalent transport accessibility and district maturity levels.

Buyer Suitability and Use Cases

The Commodore accommodates multiple buyer personas effectively. Owner-occupiers seeking to upgrade from smaller properties or relocate to a neighbourhood balancing lifestyle quality with commuting efficiency will find the development's configuration and location compelling. The presence of nearby educational institutions and family-oriented neighbourhood character appeals particularly to multigenerational households and families with school-age children.

For investors, the development's rental demand potential, MRT-proximate location, and position within an established residential estate combine to create a stable, income-generating asset class with reasonable capital appreciation expectations. The development's scale and configuration appeal equally to private buyers and to those managing investment portfolios seeking diversified residential exposure within Singapore's core residential market.

Financing and Stamp Duty Implications

Buyers should be aware of stamp duty obligations, particularly those acquiring a second or subsequent residential property. Singapore Citizens purchasing a second residential property incur Additional Buyer's Stamp Duty at a rate of 20%, in addition to standard conveyancing stamp duty. This obligation should be factored into total acquisition cost projections alongside legal fees and other transaction-related expenses. Buyers should seek advice from their conveyancing counsel and financial advisors regarding their specific circumstances and obligations.

Financing headroom for acquisitions at The Commodore's price points should be evaluated against Total Debt Servicing Ratio (TDSR) limitations, which cap monthly debt servicing obligations at 60% of gross monthly income for mortgage applicants. Prospective buyers should engage their banking institutions early to establish loan eligibility and mortgage quantum, ensuring that acquisition plans remain aligned with their personal financial capacity and long-term household budget parameters.

Future District Supply and Long-Term Outlook

The Canberra estate's status as a mature, established residential neighbourhood means that significant new supply additions remain limited, supporting relative scarcity value for well-positioned developments such as The Commodore. Urban densification pressures in proximity to major MRT nodes continue to influence Singapore's residential supply pipeline, though the Canberra locality has traditionally experienced stable, moderate new supply rather than wholesale redevelopment cycles. This supply constraint, combined with enduring transport accessibility and neighbourhood maturity, positions The Commodore favourably within longer-term capital appreciation expectations.

The North–South Line's position as Singapore's foundational mass transit artery—carrying the nation's largest daily passenger volumes—ensures that station-proximate residential properties maintain structural demand underpinned by commuting necessity and lifestyle convenience. This fundamental transport advantage transcends market cycles and demographic shifts, supporting resilient long-term ownership outcomes for buyers acquiring properties at The Commodore.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at The Commodore as an investment?

The Canberra estate has historically demonstrated rental yields in the 2.5% to 3.5% range for condominium stock, with properties benefiting from MRT proximity typically clustering toward the upper end of that spectrum. The Commodore's location 230 metres from Canberra MRT Station (NS12) positions it favourably for tenant demand, as professional renters—both local and expatriate—consistently prioritise properties offering direct mass transit access to Singapore's central business districts. Actual achieved yields will depend on individual unit configuration, prevailing market rental rates at the time of letting, tenant type, and lease negotiation outcomes; investors should conduct detailed rental comparables analysis for the specific unit configuration they intend to acquire and factor anticipated holding periods into their return projections.

How do The Commodore's per-square-foot prices compare to recent transactions in the Canberra estate?

Units at The Commodore priced from S$1.62 million across approximately 969 square feet translate to approximately S$1,670 per square foot, positioning the development competitively within the Canberra condominium market for properties offering direct MRT station proximity. Recent comparable transactions in the immediate precinct for similar-vintage, station-proximate residential stock have ranged between approximately S$1,600 and S$1,750 per square foot, depending on unit configuration, floor level, and specific amenity features. The Commodore's pricing reflects typical market valuation for established residential stock in this locality; prospective buyers should undertake independent valuation and comparative market analysis to ensure pricing alignment with their own assessment of property value and investment merit.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I'm purchasing a second residential property?

Singapore Citizens acquiring a second residential property incur Additional Buyer's Stamp Duty at 20% on the purchase price, in addition to standard conveyancing stamp duty (ranging from 1% to 4% depending on purchase price). For a unit at The Commodore priced at S$1.62 million, the 20% ABSD liability would equate to approximately S$324,000, representing a material component of total acquisition costs. This obligation significantly influences the total capital requirement and effective purchase price; buyers should factor this liability into their financial planning alongside legal fees, property tax, and other transactional expenses. First-time property purchasers, Singapore Citizens acquiring a first residential property, and other specified categories remain exempt from ABSD; buyers should confirm their personal eligibility status with their conveyancing counsel.

What is the lease decay risk for properties at The Commodore, and how does this affect long-term resale value?

The Commodore is situated on land subject to Singapore's standard 99-year leasehold tenure, which is the predominant freehold equivalent within Singapore's regulatory framework. Properties at the development are currently at a point in their lease lifecycle where no material decay risk presents itself, allowing purchasers to anticipate stable valuations over conventional 20 to 30-year ownership horizons. However, prospective buyers acquiring units for long-term ownership or investment purposes should be cognisant that lease remaining will gradually decrease over time; as properties approach lease expiry thresholds—particularly when lease terms fall below 60 years—resale demand and valuations may contract as buyer financing access becomes constrained and developer interest in collective sale diminishes. The Commodore's current lease position permits straightforward mortgage financing and represents an optimal acquisition window; buyers planning decade-plus ownership should factor potential lease-decay dynamics into their long-term financial modelling.

How does proximity to Canberra MRT Station affect property demand and capital appreciation potential?

Direct station proximity at 230 metres distance positions The Commodore advantageously within Singapore's residential property hierarchy, as MRT accessibility remains one of the most material drivers of sustained demand and capital appreciation across market cycles. Canberra Station (NS12) sits on the North–South Line, Singapore's most heavily utilised transit corridor, carrying approximately 700,000 daily passengers and providing direct connectivity to the city's primary employment and commercial zones. Properties offering station-proximate locations command material price premiums relative to equivalently-specified stock requiring secondary transport access, and this premium has proven resilient across multiple market downturns. The Commodore's location within an established residential neighbourhood served by robust MRT infrastructure creates structural demand underpinned by commuting necessity, supporting long-term capital appreciation prospects that typically outpace broader market returns.

Which buyer profiles are best suited to The Commodore—upgraders, first-time buyers, investors, or high-net-worth individuals?

The Commodore appeals across multiple buyer personas effectively. Owner-occupying upgraders transitioning from smaller properties or relocating to a neighbourhood balancing lifestyle amenities with commuting efficiency find the development's spacious configurations and mature estate setting particularly attractive. Families with school-age children benefit from the Canberra estate's established educational institutions and family-oriented neighbourhood character, rendering the development highly suitable for multi-generational households. Investors appreciate the development's rental demand potential, MRT-proximate location, and stable asset characteristics within an established residential precinct, supporting reasonable income-generation and capital appreciation expectations. High-net-worth individuals seeking portfolio diversification within Singapore's core residential market find the development's scale, location, and pricing appropriate for direct investment or family office deployment. First-time buyers should note that pricing from S$1.62 million typically sits above entry-level property thresholds; however, those with sufficient financial capacity find the development's established location and transport accessibility valuable for long-term owner-occupancy.

What are the TDSR implications at The Commodore's price points, and what financing headroom should I anticipate?

The Monetary Authority of Singapore (MAS) imposes a Total Debt Servicing Ratio (TDSR) ceiling of 60% of gross monthly income for residential mortgage applicants, limiting monthly debt obligations (including mortgages, car loans, credit facilities, and other obligations) to this threshold. For a unit priced at S$1.62 million with a typical 80% loan-to-value mortgage (S$1.296 million principal), monthly mortgage servicing at prevailing interest rates (approximately 4.0% to 4.5% depending on product type and lender) would typically range between S$6,200 and S$6,800 monthly. This implies a minimum gross household monthly income requirement of approximately S$10,300 to S$11,400 to remain comfortably within TDSR parameters, accounting for other existing debt obligations. Prospective buyers should engage their banking institutions early to establish personal loan eligibility, required income verification, and available mortgage quantum, ensuring that acquisition plans align with their actual financial capacity and long-term household budget parameters.

How does The Commodore compare to nearby competing developments in the Canberra area?

The Canberra estate encompasses several established condominium developments positioned across varying price points and vintage profiles. The Commodore competes directly with similarly-configured, station-proximate stock including other developments within the immediate Canberra precinct, with differentiation typically hinging on unit configuration, amenity offerings, maintenance standards, and developer reputation. Properties in the immediate vicinity typically range between S$1.5 million and S$1.8 million depending on specific configuration, floor level, and whether units offer preferred orientations or floor finishes. The Commodore's pricing sits within the mainstream market band for this locality; buyers should undertake direct comparison visits to multiple developments within their search parameters, evaluating unit layouts, common area conditions, management quality, and price-to-space efficiency metrics before committing to acquisition decisions. Recent market activity within the Canberra precinct suggests that well-maintained, station-proximate stock commands relative price resilience, supporting comparable valuations across competing developments.

Which unit stack or floor level at The Commodore offers the best value proposition?

Mid-stack units (typically floors 8 to 20 in multi-storey residential developments) historically offer the optimal balance of desirability and pricing within Singapore condominium developments, commanding pricing levels between ground-floor units (which face noise and privacy constraints) and high-floor units (which trade at material premiums for prestige and view considerations). Within The Commodore's configuration, units on stacks offering balanced sun exposure, natural ventilation, and modest view aspects typically deliver superior value relative to corner or premium high-floor equivalents, which incur significant pricing premiums that may not translate proportionally into user satisfaction or investment return. Buyers should personally inspect units across multiple floor levels and stacks within their target price range, evaluating natural light quality, ventilation characteristics, and orientation relative to prevailing winds and sun direction. Lower-floor units (3 to 6) in well-maintained developments can offer compelling value to owner-occupiers prioritising accessibility and reduced elevator dependency, whilst mid-stack positioning provides a pragmatic balance for most buyer types.

What is the future supply pipeline in the Canberra district, and how might this affect long-term property values?

The Canberra estate's status as a mature, fully-developed residential neighbourhood means that significant new condominium supply remains constrained by land availability and urban planning parameters limiting residential densification. The Urban Redevelopment Authority (URA) Master Plan designates the Canberra precinct primarily for established residential purposes, restricting wholesale transformation or large-scale new-build replacement projects. This supply constraint relative to persistent demand from commuters prioritising MRT accessibility supports relative scarcity value for established properties such as The Commodore over multi-decade ownership horizons. Future district value dynamics will primarily hinge on maintenance of MRT infrastructure, local amenity quality, and broader Singapore residential market performance rather than supply-driven speculation. Buyers acquiring at The Commodore should approach the investment through a long-term owner-occupancy or income-generation lens rather than short-term appreciation speculation, recognising that supply scarcity and transport fundamentals provide sustainable demand foundations unlikely to be disrupted by competing new supply.

What maintenance costs and property tax implications should I factor into long-term ownership calculations?

Condominium ownership at The Commodore entails ongoing sinking fund contributions (typically S$0.30 to S$0.50 per square foot monthly for well-maintained developments) alongside property tax, utilities, and insurance obligations. For a unit measuring approximately 969 square feet, monthly sinking fund contributions would typically range between S$290 and S$485, equating to annual expenditure of S$3,500 to S$5,800 depending on development-specific reserve adequacy and planned capital works. Property tax on residential property valued at S$1.62 million would typically equate to annual liability of approximately S$1,500 to S$2,000 depending on precise assessed valuation. Buyers should factor these recurring obligations into long-term affordability modelling alongside mortgage servicing costs and should request detailed sinking fund statements and reserve adequacy assessments from the development's managing agent prior to acquisition commitment, ensuring transparency regarding future contribution escalation risk and planned capital expenditure requirements.

[For Sale] The Commodore — From S$1.6M