Type

Units

Min Area

Price Range

3 BR

969 sqft

From S$1.6XM

Property Highlights

3-bedroom, 2-bathroom residence with 969 sqft of living space
Prime location just 230 metres from NS12 Canberra MRT Station
Asking price of S$1,630,000 reflects strong central location fundamentals
Walkable to schools, shopping, and transport hubs across Singapore
Suitable for upgraders, families, and long-term investment portfolios

Interested in this property?

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

Ref: 500123921

The Commodore: A Three-Bedroom Haven in Singapore's Central Belt

The Commodore at 67 Canberra Drive represents an outstanding acquisition opportunity for homebuyers seeking a well-proportioned three-bedroom residence in one of Singapore's most strategically positioned neighbourhoods. This three-bedroom, two-bathroom condominium spans 969 square feet, offering a generous floorplan ideal for growing families or professionals requiring dedicated home office space alongside comfortable living quarters.

Strategic Location and Transport Connectivity

Situated merely 230 metres from NS12 Canberra MRT Station, this property delivers exceptional convenience for daily commuters and leisure travellers alike. The three-minute walk to the nearest MRT interchange ensures seamless connectivity to Singapore's entire rapid transit network, enabling residents to reach the Central Business District, Changi Airport, or any major commercial hub within thirty minutes. This proximity to mass transit significantly enhances both the property's investment appeal and its practicality for working professionals.

The Canberra MRT Station sits on the North-South Line, one of Singapore's busiest and longest-established transit corridors. Its central positioning means residents enjoy unparalleled access to employment centres, retail precincts, educational institutions, and recreational facilities distributed across the island. Properties within walking distance of mature MRT stations historically demonstrate stronger capital appreciation and rental demand compared to those requiring vehicle dependency.

The Neighbourhood Context

Canberra Drive and its surrounding precinct form part of a mature, well-established residential zone characterised by stable demographics and strong community infrastructure. The area benefits from decades of urban planning investment, resulting in excellent schools, healthcare facilities, dining options, and recreational amenities within immediate proximity. Residents find themselves in an established community rather than a newly emerging development, bringing predictable service standards and proven property value retention.

This neighbourhood has evolved into a preferred choice for upgraders moving from smaller HDB flats or first-generation condominiums seeking superior finishes and contemporary amenities. The demographic profile skews towards young professionals, established families, and investors recognising the enduring appeal of central-belt properties with genuine transport credentials.

Interior Specifications and Layout

At 969 square feet, this three-bedroom layout provides ample space for varied lifestyle requirements. The two-bathroom configuration ensures convenient morning routines for families and adds flexibility for guests or household staff. The floorplate's proportions suggest a thoughtfully arranged living scheme balancing private bedroom sanctuaries with communal entertaining spaces—a hallmark of well-designed condominium units in Singapore's premium market segments.

Investment Fundamentals and Market Position

The asking price of S$1,630,000 positions this unit within Singapore's mid-premium residential bracket, reflecting genuine scarcity value for three-bedroom homes in transit-proximate locations. Recent comparable transactions in mature estates near established MRT stations typically trade between S$1,550 and S$1,750 per square foot, placing this property competitively within current market parameters. The per-square-foot valuation aligns with observed price discovery in similar micromarkets, suggesting fair pricing relative to current supply-demand dynamics.

For owner-occupiers, this property appeals particularly to upgraders relocating from smaller public housing or first-generation condominiums, as well as expatriate professionals requiring immediate occupancy in a well-serviced residential neighbourhood. The central location eliminates school commute concerns and provides straightforward access to Singapore's international business corridors.

Investment Yield Potential

Properties of this specification and location typically achieve annual rental yields between 2.8 and 3.5 percent, depending on lease unexpired, unit condition, and prevailing market sentiment. At the asking price, a conservative gross yield estimate suggests monthly rent in the region of S$3,800 to S$4,700, capturing the current market rate for three-bedroom accommodations in transit-adjacent central locations. Investors should account for property management fees, maintenance contributions, and property tax when calculating true net returns, which typically reduce headline yields by 0.6 to 0.9 percentage points annually.

Financing and Affordability Assessment

The S$1.63 million price point sits comfortably within financing parameters for qualified buyers, with most financial institutions offering 75 to 80 percent loan-to-value ratios for residential owner-occupancy. At prevailing interest rates, monthly servicing costs (principal and interest) typically range between S$5,200 and S$6,100 for a 25-year tenure, well within the debt-to-service ratio thresholds applied by Singapore's major banks. First-time buyers should expect to utilise available mortgage relief schemes, whilst second property purchasers must account for Additional Buyer's Stamp Duty (ABSD) at the rates applicable to their citizen or permanent resident status—a significant financial consideration that reduces effective purchasing power by approximately S$150,000 to S$200,000 depending on personal circumstances.

Lease Tenure and Longevity Considerations

Prospective buyers should verify the condominium's remaining lease tenure before purchase, as this fundamentally impacts long-term capital preservation. Properties with more than 75 years remaining typically exhibit minimal lease depreciation effects over a 10-year holding period, whilst shorter leases face accelerating value erosion as the 30-year threshold approaches. Singapore's collective enfranchisement mechanisms have evolved, but lease extensions remain uncertain and potentially expensive, making residual tenure a critical valuation metric.

Comparative Market Assessment

The Canberra Drive location competes directly with several established developments in the broader central zone, including properties near Yio Chu Kang MRT Station and along the North-South corridor generally. Recent data suggests comparable three-bedroom units in transit-proximate mature estates trade within a 5 to 8 percent valuation band of this property's asking price, indicating fair positioning relative to peer transactions. The MRT proximity advantage provides measurable pricing support compared to otherwise identical units requiring longer pedestrian or vehicular access to transit infrastructure.

Future Outlook and District Development

The North-South Line and its surrounding precincts remain strategically central to Singapore's urban hierarchy, with continuous investment in amenity upgrades, pedestrian infrastructure, and retail revitalisation. The Canberra MRT node benefits from cross-network connectivity improvements and ongoing HDB estate refreshment programmes, which historically strengthen residential property valuations in mature neighbourhoods. Medium-term supply growth in this particular micromarket appears modest, with minimal new condominium launches anticipated within the immediate 500-metre radius, suggesting sustained demand-supply balance supporting long-term price stability.

Suitability for Different Buyer Profiles

For owner-occupying families, The Commodore delivers the central location and contemporary living standards essential for professional households managing school runs, workplace commutes, and social obligations across Singapore. Upgraders benefit from meaningful space gains compared to first-generation or smaller publicly-assisted housing, whilst maintaining the accessibility that justified their original property acquisition. Investors recognise the enduring appeal of transit-adjacent central properties, appreciating both the current yield generation and the structural capital preservation inherent in established, well-serviced neighbourhoods with proven demographic stability.

Frequently Asked Questions

What rental yield can I expect if I purchase The Commodore as an investment property?

Three-bedroom properties in this location and price range typically generate gross annual yields between 2.8 and 3.5 percent, translating to estimated monthly rental income of S$3,800 to S$4,700. However, this headline yield requires adjustment for property management fees (typically 4-6 percent of collected rent), maintenance contributions (usually S$400-S$600 monthly), property tax, and potential vacancy periods. Conservative net yield projections after all outgoings fall closer to 2.0 to 2.6 percent annually, which remains competitive for Singapore's central residential market but requires disciplined tenant management and acceptance of modest annual returns typical of prime location properties.

How does the S$1.63 million price compare to recent per-square-foot transactions in the same area?

Recent comparable sales of three-bedroom units in transit-adjacent central estates typically trade between S$1,580 and S$1,750 per square foot, placing this property's implied price per square foot at approximately S$1,680—squarely within observed market parameters for properties with genuine MRT proximity. Transactions in the immediate Canberra Drive precinct and neighbouring blocks show consistent clustering around this valuation level, suggesting the asking price reflects current fair market value rather than speculative premium or distressed discount. The per-square-foot pricing also aligns with properties enjoying comparable transport accessibility, unit configuration, and amenity standards across Singapore's North-South Line corridor.

What Additional Buyer's Stamp Duty (ABSD) implications should I consider if this is my second property?

Second property purchasers face ABSD liability of 15 percent for Singapore citizens and 25 percent for permanent residents on the purchase price, representing a substantial S$244,500 or S$407,500 additional outlay respectively before factoring in legal and agency fees. This duty is payable within 14 days of the purchase agreement and significantly erodes effective purchasing power, requiring buyers to demonstrate additional liquidity or reduce the property budget accordingly. The ABSD burden effectively raises the true acquisition cost to approximately S$1,875,000 for citizen second-property buyers and S$2,037,500 for PR purchasers, making financing structuring and careful affordability assessment essential before progressing toward formal offers.

What lease decay risk and resale value impact should I anticipate over a 10-year holding period?

Lease tenure depreciation accelerates materially as properties approach the 30-year threshold, with properties in the 70-75 year range typically experiencing 0.3-0.5 percent annual erosion in absolute value attributable solely to lease decay. If this property holds approximately 80-90 years remaining lease tenure, a 10-year holding period would reduce that to 70-80 years, at which point capital appreciation gains from general market movements may partially offset lease depreciation costs. However, properties falling below 70 years unexpired begin facing genuine liquidity challenges in Singapore's residential resale market, with banks tightening mortgage availability and buyer pools shrinking materially, necessitating verification of current lease status and careful calculation of true net returns accounting for this structural headwind.

How does proximity to Canberra MRT Station affect demand and long-term capital appreciation?

MRT proximity is one of Singapore's most durable property value drivers, with transit-adjacent properties demonstrating 15-25 percent better capital retention over 10-year cycles compared to non-transit-dependent neighbourhoods. The three-minute walk to Canberra Station places this property within the optimal 300-400 metre distance threshold where accessibility benefits are material yet density premiums remain reasonable, creating a 'sweet spot' for balanced appreciation potential. Historical data shows properties within this walkability band have outperformed broader central market indices by 2-3 percent annually, reflecting sustained investor preference for convenient commute options and reduced transport cost burdens, which translate directly into measurable rentalisation advantages and buyer demand persistence.

Is The Commodore suitable for first-time property buyers at this price point?

First-time buyers should approach this price point carefully, as S$1.63 million requires substantial accumulated capital, meaningful household income to service debt-to-service ratio requirements, and mature financial planning. The property's suitability depends entirely on individual financial capacity rather than the property itself; whilst the location, configuration, and investment credentials are exemplary, first-time buyers in this price segment typically have accelerating career trajectories, stable household income exceeding S$15,000 monthly, and accumulated savings of S$350,000-S$500,000 to satisfy down payment and ancillary cost requirements. For first-timers matching these financial profiles, the central location, three-bedroom practicality, and transit accessibility represent genuine value creation compared to smaller properties in equivalent accessibility zones.

What financing headroom and TDSR implications exist for a S$1.63 million purchase at prevailing interest rates?

At current interest rates (3.5-4.0 percent), monthly debt servicing for a S$1.23 million mortgage (75 percent LTV) across a 25-year tenure typically totals S$5,200-S$6,100, requiring household gross income of approximately S$13,000-S$15,300 to remain comfortably beneath the 60 percent TDSR ceiling that most banks apply. This calculation assumes no other material debt obligations; buyers with existing car loans, credit card balances, or other instalment commitments face materially reduced borrowing capacity and higher risk of mortgage rejection. Buyers should conduct full financial modelling with their banker before committing, as TDSR calculations have tightened considerably in recent years and individual circumstances (self-employment income, non-citizen status, corporate restructuring) create meaningful variations from standard lending parameters.

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

The Canberra Drive precinct hosts several established developments spanning 15-30 years old, most offering comparable three-bedroom configurations at broadly similar price points (S$1.55M-S$1.75M for equivalent floorplans). Competitive advantages favour properties with superior amenity packages, more generous land parcels supporting enhanced facilities, or slightly better MRT proximity, though practical differentiation between mature estates tends to be modest once location, floorplan, and age factors equalise. The Commodore's competitive positioning depends on its specific amenity offer, maintenance standard, and residents' community reputation—factors best evaluated through direct site inspection and comparison with documented comparable transactions rather than abstract marketing claims.

Which unit stack or floor level typically offers the best value within a development like The Commodore?

Mid-stack units (typically 8th-18th storeys in high-rise condominiums) historically offer superior value to penthouse equivalents, as premium pricing for highest floors often exceeds the marginal utility gain experienced by most resident profiles, whilst ground and lower-level units face noise, security, and view limitations that compress pricing more severely. Within any given floor, units positioned centrally in the building stack typically command highest pricing, whilst corner or end units offer architectural distinction and superior ventilation at modest discounts—potential value sweet spots for buyers prioritising liveability over prestige positioning. Individual unit assessment requires direct inspection of natural lighting, ventilation characteristics, view orientation, and proximity to lift lobbies; abstract floor level preferences without site-specific evaluation often lead to overpaying for premium positioning of limited practical value to the average owner-occupier.

What future supply pipeline exists in this district that could impact property values and rental dynamics?

The Canberra MRT immediate vicinity shows limited new residential launches in the near-term planning horizon, with government land-use maps indicating predominantly institutional, recreational, and existing residential zoning that constrains major new supply entry. This supply scarcity has historically supported stable or appreciating values in mature estates with established infrastructure, though it also depends on continued economic vitality and sustained population preference for central locations. Investors should monitor HDB estate refreshment programmes and any potential commercial-to-residential conversion initiatives within the broader North-South Line corridor, as these could materially alter supply-demand dynamics; however, the current trajectory suggests measured supply growth insufficient to create meaningful downward pricing pressure over the medium term.

What practical considerations should upgraders assess when evaluating The Commodore against their current property?

Upgraders transitioning from smaller HDB flats or first-generation condominiums should conduct thorough comparison of selling proceeds against the S$1.63 million acquisition cost plus ABSD, conveyancing, and renovation contingencies, ensuring the total investment aligns with genuine housing requirement gains rather than lifestyle inflation. The three-bedroom configuration offers meaningful space elevation for families with children, yet the 969 sqft floorplate remains modest by penthouse standards, requiring honest assessment of whether additional square footage justifies the acquisition cost and associated debt servicing burden. Location and transport advantages typically justify the investment for working professionals with extended commute costs in their previous property, whilst retirees or remote-workers may find equivalent lifestyle upgrades available at lower price points in non-transit-dependent neighbourhoods requiring vehicles for routine errands.

3-Bed Condo The Commodore S$1.63M Near Canberra MRT