Type

Units

Min Area

Price Range

4+ BR

1356 sqft

S$2.5XM – S$3.0XM

Property Highlights

Spacious 5-bedroom, 4-bathroom residence spanning 1,668 sqft of premium living space
Positioned just 330 metres from Canberra MRT Station on the North-South Line, offering excellent connectivity
Priced at S$3,000,000, representing approximately S$1,799 per square foot in a sought-after residential district
Well-suited for affluent families and multigenerational households seeking generous accommodation
Located in a mature, established neighbourhood with strong amenity infrastructure and stability

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Ref: 500065104

The Commodore: A Premium 5-Bedroom Family Residence in Canberra

The Commodore at 59 Canberra Drive represents a distinctive opportunity within Singapore's luxury residential market. This 5-bedroom, 4-bathroom condominium spans 1,668 square feet, offering the kind of generous floor plate that appeals to high-net-worth families and discerning buyers who prioritise space and comfort over compact urban living. At S$3,000,000, the property commands a price of approximately S$1,799 per square foot, positioning it within the premium tier for this particular neighbourhood segment.

Connectivity and Location Benefits

One of the property's most compelling attributes is its proximity to Canberra MRT Station. Situated merely 330 metres—roughly a 4-minute walk—from the NS12 station on the North-South Line, residents enjoy seamless access to Singapore's most established and heavily-trafficked rapid transit corridor. This connectivity extends commuting possibilities across the entire island, from the CBD to the airport, making it particularly attractive for executives and professionals requiring frequent mobility. The North-South Line's strategic importance in Singapore's transport network ensures that this location remains perpetually relevant to future property values.

Space and Layout Advantages

The 1,668-square-foot layout provides genuine separation between private and entertaining zones—a rarity in many contemporary Singapore developments. Five bedrooms accommodate diverse family requirements, whether for growing families, multi-generational living arrangements, or professionals requiring dedicated home offices and guest quarters. The inclusion of four bathrooms eliminates morning scheduling conflicts and enhances the practical functionality of the residence for families of varying sizes. This generous spatial allocation reflects the design philosophy of developments targeting the premium family market rather than investor-led portfolios.

Target Buyer Profiles

Properties of this configuration and price point typically attract several distinct buyer categories. High-net-worth individuals upgrading from smaller units or landed properties view such properties as appropriate vessels for their lifestyle aspirations and family requirements. Established families with teenage children or multi-generational structures benefit substantially from the room count and bathroom provision. Successful entrepreneurs and senior executives frequently retain these properties as primary residences, appreciating the balance between accessibility (via public transport) and residential tranquillity. International relocations to Singapore for extended postings also drive demand for substantial, well-appointed accommodation in connected neighbourhoods.

Investment Perspective and Rental Yield Considerations

From an investment standpoint, this property occupies an interesting position within the buy-to-let market. The five-bedroom configuration allows potential subdivision into distinct family zones, appealing to corporate housing managers, relocating families, and international tenants seeking substantial rental accommodation. At the S$3,000,000 price point, prudent investors could reasonably anticipate gross rental yields ranging between 2.5% and 3.5% depending on market conditions and tenancy quality—translating to annual rental income between S$75,000 and S$105,000. However, this calculation assumes professional management, competitive rental positioning, and consistent market demand, which require careful analysis prior to acquisition.

Market Valuation and Comparative Positioning

The S$1,799 per square foot valuation reflects current market sentiment for spacious family units in the Canberra locality. Recent comparable transactions in the surrounding area have exhibited price-per-square-foot ranges between S$1,700 and S$1,900, suggesting that this listing falls within reasonable market parameters. Larger units with premium finishes or exceptional positioning within their developments occasionally achieve S$2,000+ per square foot, whilst standard-specification units trade at the lower end of the range. The property's pricing strategy appears anchored to current market reality rather than speculative premium positioning.

MRT Proximity and Capital Appreciation Dynamics

The 330-metre distance to Canberra MRT Station meaningfully influences both current utility and future capital appreciation potential. Properties within 400 metres of MRT stations have historically demonstrated more resilient capital value retention and superior rental demand compared to periphery locations. This proximity creates a logical walking radius for daily commuters and weekend shopping, cementing the location's appeal across varying life stages and employment scenarios. As Singapore's population density increases and transport-oriented development becomes increasingly prominent in urban planning priorities, this MRT-linked location should retain and potentially enhance its relative value advantage.

Neighbourhood Character and Amenity Ecosystem

The Canberra area has matured into an established, family-oriented residential district with comprehensive supporting infrastructure. Nearby shopping facilities, educational institutions, and recreational amenities cater to the demographic typically drawn to 5-bedroom properties. The neighbourhood maintains a quieter, more suburban character compared to central areas whilst retaining excellent connectivity—a combination that commands sustained demand from families seeking balanced living environments. This stability suggests that the property sits within a neighbourhood unlikely to experience dramatic disruption or market sentiment shifts.

Financing and TDSR Considerations

Prospective purchasers contemplating S$3,000,000 property acquisitions must carefully evaluate their Total Debt Service Ratio (TDSR) constraints. With standard bank valuations and loan-to-value limitations, buyers should typically possess liquid capital reserves of S$900,000 to S$1,200,000 to achieve a comfortable 70% loan facility whilst maintaining TDSR compliance below the Monetary Authority of Singapore's 60% threshold. This financial reality restricts the purchaser pool to established, high-income households or cash-flush investors. Buyers should engage qualified financial advisers to stress-test their borrowing capacity against current mortgage rate environments before formal offers.

Additional Buyer Considerations

Foreign purchasers and investors acquiring second or subsequent residential properties should factor in Additional Buyer's Stamp Duty (ABSD) implications. At the S$3,000,000 price point, ABSD liabilities can substantially exceed S$200,000 for non-citizen or multi-property acquisitions, meaningfully impacting total acquisition costs. Local upgraders moving from HDB or smaller private properties typically escape ABSD complications through the primary residence exemption, though professional verification remains essential. These stamp duty calculations form material components of total acquisition cost modelling and should never be underestimated in final purchasing decisions.

Frequently Asked Questions

What rental yield might an investor realistically expect from The Commodore?

A 5-bedroom property at The Commodore, priced at S$3,000,000, could generate gross rental yields between 2.5% and 3.5% under normal market conditions, translating to annual rental income of approximately S$75,000 to S$105,000. This yield assessment assumes professional property management, competitive market positioning relative to comparable rental properties, and consistent tenant occupancy throughout the year. However, actual yields depend significantly on precise rental rate achievement, market demand cycles, and tenant profile—corporate housing often commands premium rates, whilst casual rental markets may underperform these estimates.

How does The Commodore's price per square foot compare to recent sales in the Canberra area?

At approximately S$1,799 per square foot, The Commodore sits comfortably within the established range for spacious family units in the Canberra locality, where recent comparable transactions have ranged between S$1,700 and S$1,900 per square foot. Larger units with premium finishes or superior positioning within developments occasionally achieve S$2,000+ per square foot, whilst standard-specification units in the area trade closer to the S$1,700 to S$1,750 range. The Commodore's valuation reflects realistic current market parameters without speculative uplift, suggesting pricing alignment with similar property transactions completed in the past 12 to 18 months.

What are the ABSD implications for a second-property buyer at this S$3 million price point?

For non-citizen buyers or Singapore citizens purchasing their second residential property, Additional Buyer's Stamp Duty at S$3,000,000 approximately totals S$200,000 to S$210,000, substantially exceeding the ABSD rates for first residential property acquisitions. This significant cost component must be incorporated into total acquisition cost modelling alongside legal, valuation, and survey expenses. Citizens upgrading from their primary residence may qualify for an exemption or concessional ABSD rate, but professional tax and legal verification is essential before proceeding, as incorrect assumptions regarding ABSD entitlements can create unexpected financial burdens.

What is the lease decay risk profile for The Commodore, and how might it affect resale value?

The specific lease structure of The Commodore requires individual verification, but assuming a standard 99-year leasehold from a reasonably recent launch date, current lease decay should pose minimal concern for purchasers with medium-term holding intentions (10-15 years). However, buyers should obtain comprehensive lease documentation and seek legal counsel to understand the lease expiry date and any lease renewal provisions that may impact future marketability. Properties approaching 80 years of remaining lease typically encounter financing constraints and reduced buyer demand, so confirming current lease status forms an essential due diligence component before committing capital.

How does proximity to Canberra MRT Station influence demand and capital appreciation for this property?

Properties within 400 metres of MRT stations, including The Commodore at 330 metres from Canberra MRT, have historically demonstrated more resilient capital value retention and superior rental demand compared to periphery locations. The North-South Line serves as Singapore's most established and heavily-trafficked transit corridor, ensuring sustained relevance to commuters, families, and professionals across decades. This MRT proximity creates a logical walking radius that increases the property's appeal across varying life stages and employment sectors, whilst as Singapore's transport-oriented development strategy intensifies, MRT-linked locations should retain and potentially enhance their relative value advantage against non-connected alternatives.

Which buyer profiles are best suited to The Commodore's 5-bedroom configuration and S$3 million price?

High-net-worth families upgrading from smaller units or landed properties constitute the primary target market, appreciating the balance between generous space and excellent MRT connectivity. Established multi-generational households benefit substantially from the 5-bedroom, 4-bathroom layout, enabling comfortable separation between extended family members and visiting relatives. Senior executives and successful entrepreneurs frequently view such properties as appropriate primary residences reflecting their career status, whilst international relocations to Singapore for extended postings drive ongoing demand from corporate transferees seeking substantial, well-appointed accommodation. First-time property buyers would typically find the S$3,000,000 price point prohibitively expensive, whilst buy-to-let investors might view this configuration as more suitable for corporate housing rental rather than casual tenant markets.

What TDSR and financing headroom considerations apply at the S$3 million acquisition price?

Prospective purchasers of S$3,000,000 properties must typically possess liquid capital reserves of S$900,000 to S$1,200,000 to achieve a comfortable 70% loan facility whilst maintaining Total Debt Service Ratio compliance below the Monetary Authority of Singapore's 60% threshold. At current interest rates approximating 4.0% to 4.5%, monthly mortgage payments on a S$2,100,000 loan would reach S$11,000 to S$12,000, requiring household income of approximately S$220,000 to S$240,000 to remain comfortably within TDSR constraints. Buyers should engage qualified financial advisers to stress-test their borrowing capacity against current mortgage rate environments and rising interest rate scenarios before formal offers, as assumptions about financing availability can dramatically shift depending on individual employment stability and existing debt obligations.

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

The Canberra locality contains several competing residential developments serving the upper-middle to premium market segments, including larger complexes offering similar MRT accessibility but potentially different architectural styles, maintenance standards, and community demographics. Competing developments may offer superior amenity packages, different tenure lengths, or varying floor plan configurations that appeal to distinct buyer preferences, making direct price comparison challenging without accounting for building-specific factors. Buyers should systematically compare The Commodore's specific features—unit condition, exact MRT distance, amenity completeness, maintenance track record, and developer reputation—against 2-3 nearby alternatives within the same S$2,800,000 to S$3,200,000 price range before forming final acquisition decisions.

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

Value optimisation at The Commodore typically involves balancing personal preference (which buyers prioritise heavily) against objective resale factors: middle-floor units usually offer the best capital preservation because they avoid ground-floor concerns (privacy, noise, security perceptions) and top-floor potential issues (water tank proximity, heat retention, lift breakdowns). Units with north or north-east facing aspects often command premium pricing due to natural light and perceived aesthetic superiority, though south-facing units may appeal to temperature-conscious buyers in tropical Singapore. Professional property consultants can analyse The Commodore's specific building layout to identify which floor stacks and orientations have achieved the highest historical resale multiples, providing data-driven guidance rather than relying on anecdotal preference.

What future supply pipeline trends might affect The Commodore's long-term value trajectory?

The Canberra locality falls within established residential zones where greenfield development opportunities are increasingly constrained, suggesting limited near-term new supply launches that could create competitive pressure or market oversupply. Singapore's long-term urban planning prioritises transport-oriented, high-density development, which typically benefits existing MRT-proximate properties like The Commodore by enhancing their relative scarcity value as remaining land becomes more limited. However, potential government initiatives to increase public housing supply, major transport infrastructure changes, or large-scale rejuvenation projects in neighbouring areas could theoretically impact demand dynamics, making periodic review of district-level urban planning announcements prudent for long-term holders. Overall, the mature character of the Canberra area and constrained land supply suggest relatively predictable, stable value dynamics compared to rapidly developing peripheral districts.

The Commodore: 5-Bed Luxury Condo, S$3M, Near Canberra MRT