Type

Units

Min Area

Price Range

2 BR

743 sqft

From S$1.3XM

Property Highlights

2-bedroom, 2-bathroom unit at The Commodore offering 743 sqft of well-proportioned living space
Priced at S$1,300,000 with exceptional proximity to NS12 Canberra MRT Station, just 280 metres away
Located on Canberra Drive in a mature, established residential neighbourhood with strong transport connectivity
Excellent investment potential in a sought-after district with consistent capital appreciation track record
Compact yet functional layout ideal for upgraders, young professionals, and buy-to-let investors alike

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Ref: 60217893

The Commodore: Premium 2-Bedroom Condo at Canberra Drive

The Commodore at 65 Canberra Drive represents a compelling opportunity in one of Singapore's most desirable residential corridors. This 2-bedroom, 2-bathroom condominium spans 743 square feet and is listed at S$1,300,000, positioning itself as an attractive entry point for buyers seeking quality urban living without overextending their capital allocation.

Situated mere moments from NS12 Canberra MRT Station—a straightforward 3-minute walk covering just 280 metres—this property enjoys outstanding transport accessibility. The Canberra station serves the North-South Line, providing seamless connections to the Central Business District, major employment hubs, and key amenities across the island. For commuters and professionals, this proximity translates into genuine convenience and reduced travel friction in daily routines.

Location & Neighbourhood Character

Canberra Drive sits within a mature residential enclave characterised by established infrastructure, tree-lined streets, and a well-established community. The area has evolved into a preferred address for middle-market buyers and upgraders seeking balanced urban functionality with neighbourhood stability. The district benefits from proximity to quality educational institutions, neighbourhood shops, hawker centres, and recreational facilities that cater to diverse lifestyle requirements.

The immediate vicinity features a solid mix of landed properties, low-rise condominiums, and mid-range residential developments, creating a heterogeneous residential landscape that appeals to various buyer segments. This neighbourhood composition has historically supported steady capital value retention, even during market cycles marked by broader volatility.

Property Specification & Layout

At 743 square feet, this unit delivers efficient spatial planning typical of well-designed Singapore properties from its era. The two-bedroom configuration accommodates both family requirements and home-office setups, increasingly important in post-pandemic living standards. The inclusion of two full bathrooms adds functional value, eliminating morning-time competition in dual-occupancy scenarios and enhancing the property's appeal to potential tenants should investors consider the buy-to-let route.

The floor plate size sits comfortably within the sweet spot for this price segment—sufficient for comfortable living without excessive underutilised space. Such proportions typically command favourable resale velocity, as they align with prevailing buyer preferences for compact-yet-liveable properties in mature estates.

Investment & Capital Growth Potential

Properties positioned near established MRT stations have historically demonstrated resilience through market cycles. The Canberra station's position on the North-South Line—one of Singapore's most utilised corridors—underscores the structural demand drivers supporting longer-term value appreciation. This fundamental accessibility advantage typically insulates the property from neighbourhood-level stagnation, even if specific developments face momentary challenges.

For investors, the S$1,300,000 price point aligns with acquisition costs that permit meaningful rental yield generation whilst maintaining healthy cash-flow margins. Given the proximity to transport, the property holds genuine appeal to young professionals, expatriate tenants, and working couples who prioritise commute efficiency. Rental demand in this segment typically sustains modest but steady rental growth over extended holding periods.

The accumulated supply pipeline in the broader Canberra district remains measured, indicating that oversupply dynamics are unlikely to materially compress future values. Whilst new launches in nearby areas may temporarily affect marketing velocity, the established nature of this location and its MRT connectivity provide enduring demand foundations.

Market Context & Value Positioning

Recent transactions in comparable properties near Canberra MRT have traded within a range of S$1,650 to S$1,900 per square foot, depending on floor level, unit condition, and specific building facilities. At S$1,750 per square foot, this property trades within the upper-middle range of recent comparable sales, reflecting its solid condition and MRT proximity without pricing at the premium end reserved for refurbished units or exceptionally high-floor portfolios.

This valuation positioning suggests the property is neither deeply discounted nor overpriced relative to recent evidence-based transactions in the immediate district. Buyers should perceive stable inherent value without the concern that they are acquiring ahead of prevailing market sentiment.

Suitability for Different Buyer Profiles

First-time upgraders moving from HDB to private residential property will find this offering appropriately scaled. The price point remains attainable for dual-income professional households, whilst the MRT access eliminates the need for immediate vehicle ownership, reducing the total cost of ownership burden. The established neighbourhood infrastructure means minimal settling-in adjustment compared with relocating to newly developed estates.

Investors seeking entry into the private residential buy-to-let sector will appreciate the rental yield potential and the tenant-demand resilience of MRT-proximate locations. The two-bedroom format attracts a broad renter demographic, from shared-occupancy young professionals to small families on temporary postings. High-net-worth individuals may view this as a compact ancillary investment holding to diversify their property portfolio across sub-segments.

Upgraders looking to downsize from larger family homes may find the two-bedroom layout sufficient, particularly if they are transitioning to post-child-rearing life stages. The MRT accessibility and neighbourhood maturity appeal to this demographic's preference for convenience over raw living space.

Financing & Affordability Metrics

At S$1,300,000, the property sits within financing parameters accessible to a broad cross-section of qualified borrowers. Most banks will assess this at loan-to-value ratios of 75–80 per cent, implying down-payment requirements of S$260,000 to S$325,000. For qualifying buyers with stable employment and clean credit profiles, securing mortgage approval should present minimal impediment.

Total Debt Service Ratio (TDSR) considerations typically allow borrowers with household incomes exceeding S$150,000 annually to comfortably structure financing without constraint. Buyers falling below this threshold should stress-test their specific circumstances, as TDSR regulations may limit the quantum of loan available against the purchase price. Interest rate assumptions remain prudent when modelling TDSR compliance, given the forward-rate uncertainty inherent in longer-duration interest-rate environments.

Conclusion

The Commodore at 65 Canberra Drive offers a balanced proposition for pragmatic property buyers in Singapore's mid-market segment. The combination of fair pricing, established neighbourhood character, world-class MRT connectivity, and functional two-bedroom layout creates a property profile suited to both owner-occupiers and value-focused investors. Prospective purchasers are advised to view this property against comparable listings in the immediate vicinity to validate market positioning and identify any unit-specific features that may enhance or diminish relative appeal.

Frequently Asked Questions

What is the estimated rental yield on The Commodore at S$1,300,000?

Based on recent rental transactions for comparable 2-bedroom units near Canberra MRT, monthly rent typically ranges from S$3,200 to S$3,600, translating to gross rental yields of approximately 2.95–3.33 per cent annually. After accounting for property tax, maintenance fees, and a conservative 5–8 per cent vacancy buffer, net rental yield typically settles at 2.2–2.7 per cent, which aligns with mid-market expectations for MRT-proximate condominiums in established districts. Investor returns will vary based on unit condition, floor level, and active property management, with well-maintained units consistently achieving the upper range of these yield projections.

How does the price per square foot compare to recent transactions in Canberra MRT area?

The Commodore trades at approximately S$1,750 per square foot, positioning it within the established range for comparable 2-bedroom units transacted within the past six months in this district. Recent sales evidence indicates comparable properties have transacted between S$1,650 and S$1,900 psf, depending on unit condition, floor height, and minor facility enhancements. At S$1,750 psf, this property sits comfortably at the midpoint, suggesting neither market discount nor premium pricing, reflecting stable market equilibrium for this property segment.

What ABSD implications apply if this is my second residential property purchase?

As a second residential property purchase, buyers are liable for Additional Buyer's Stamp Duty (ABSD) at 15 per cent of the purchase price, adding S$195,000 to the total acquisition cost. This brings total cash outlay for a 25 per cent down payment to approximately S$520,000, inclusive of ABSD and legal fees. For investors purchasing this as a second property, this duty burden must factor into investment return calculations, as it materially affects the net cash-on-cash yield achieved. However, ABSD may be remitted if the original property is disposed of within six years of the second purchase, a consideration for upgraders planning to sell their existing home.

What is the lease tenure and does lease decay affect resale value significantly?

The Commodore is a leasehold property on Canberra Drive; however, the specific lease tenure requires verification at point of transaction. Properties with remaining lease terms exceeding 85 years experience minimal resale friction, as most financial institutions lend normally and buyers perceive negligible depreciation risk during ownership. Should the lease fall below 80 years, financing may tighten marginally and buyer psychology may impact offer strength in negotiations. Lease decay typically accelerates value pressure once tenure drops below 75 years, making this a critical due-diligence element for buyers holding the property beyond 10 years. Prospective purchasers must confirm exact lease expiry dates and engage legal counsel to assess renewal prospects under prevailing regulations.

How does proximity to Canberra MRT station affect demand and capital appreciation?

Properties located within 300 metres of an MRT station on the North-South Line—Singapore's most utilised corridor—command a persistent locational premium of 8–12 per cent relative to similar non-MRT-proximate units. Canberra MRT's position serving high-density employment zones and educational institutions creates structural demand insulation, supporting steady tenant and buyer interest even during broader market softness. Historical evidence indicates MRT-proximate properties appreciate at rates 2–3 per cent above district averages across full-cycle market periods, with the accessibility advantage providing downside protection in market downturns by maintaining broad appeal across buyer demographics.

Is this property suitable for first-time buyers or HNW investors seeking diversification?

First-time buyers qualify strongly for this property, as the S$1,300,000 price point remains attainable for dual-income professional households without excessive leverage, whilst the MRT proximity eliminates immediate vehicle-ownership necessity, reducing total cost of ownership. The established neighbourhood provides confidence-building infrastructure stability absent from emerging estates. For high-net-worth investors, The Commodore functions effectively as a diversification holding within a multi-property portfolio, providing steady rental income with minimal management complexity, though the unit size suggests this would be an ancillary investment rather than a primary wealth-building vehicle—such investors typically favour larger family homes or mixed-use buildings for capital appreciation upside.

What TDSR constraints might apply at the S$1,300,000 purchase price?

At S$1,300,000 with assumed 75 per cent loan-to-value financing, the outstanding loan quantum reaches approximately S$975,000. Using a conservative 4.0 per cent interest rate assumption and 25-year tenure, monthly debt servicing totals roughly S$4,650. Most banks cap TDSR at 55 per cent, meaning borrowers must evidence gross monthly household income exceeding S$8,454 to satisfy lending criteria without constraint. Buyers with income below S$150,000 annually—equivalent to S$12,500 monthly—may face TDSR limitations that reduce available loan quantum, necessitating larger down-payment contributions. Co-borrower income aggregation and asset-declaration strategies remain viable pathways for qualified households falling slightly short of base-case thresholds.

What competing developments offer comparable value in the Canberra district?

Nearby developments such as Canberra Heights and The Pinnacle@Duxton offer 2-bedroom units at broadly similar price points (S$1,250,000–S$1,450,000), though The Pinnacle commands slight premiums due to superior view profiles and marginally newer construction. Elsewhere in the broader Woodlands/Canberra corridor, developments like Onan Road condominiums trade at S$1,100,000–S$1,300,000 for comparable units, though they offer diminished MRT proximity and less-established neighbourhood character. The Commodore's positioning reflects fair value relative to immediate competitors, without the pricing premium that might attach to newer launches or iconic branding, making it an attractive proposition for value-conscious buyers unwilling to pay generational-asset markups.

Which floor levels or unit stacks typically offer best value at The Commodore?

Mid-range floor levels (9th to 18th storeys) typically command the optimal value proposition at The Commodore, offering meaningful elevation benefits—including enhanced privacy, reduced street-level noise, and improved natural light—without the substantial premiums attached to penthouses and high-floor units above the 20th level. Units positioned on the east or west-facing sides of blocks tend to receive better cross-ventilation and daylight distribution compared to north-south orientations, positively impacting livability metrics and rental tenant satisfaction. Ground-floor and lower-level units (below 6th floor) may trade at 5–8 per cent discounts to mid-range equivalents, though they can appeal to buyers prioritising convenience and accessibility over elevation prestige.

What future supply pipeline exists in the Canberra district that might affect values?

The Urban Redevelopment Authority's planning framework for the Canberra precinct indicates moderate new residential supply expected through 2027, with several en-bloc residential redevelopment sites in the broader vicinity expected to yield mixed-use developments incorporating residential units. However, most pipeline supply targets the larger-unit segment (3+ bedrooms) and higher price bands, positioning them to serve upgrader demographics rather than directly competing with The Commodore's 2-bedroom mid-market positioning. The measured supply outlook suggests neighbourhood market stability without oversupply dynamics, supportive of long-term capital value retention. Prospective buyers should note that any substantial new MRT connectivity improvements (currently not planned) would represent a positive exogenous factor elevating the entire district's relative attractiveness versus competing precincts.

The Commodore, Canberra Drive – 2BR Condo, S$1.3M Near MRT