Type

Units

Min Area

Price Range

4 BR

1141 sqft

S$1.8M

Property Highlights

Condo development with 1 unit currently available.
Prices currently start from S$1.8M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$356K on this acquisition.
Located 10 min (870 m) from NS12 Canberra MRT Station.

Price Trends & Rental Yield

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The Visionaire: Executive Condominium Living at Canberra Drive

The Visionaire stands as a distinguished executive condominium development located at 174 Canberra Drive, positioning itself within one of Singapore's accessible and maturing residential precincts. This project represents an important segment of the residential market, bridging the gap between public housing and private condominium ownership. The development's location provides residents with a compelling combination of suburban tranquillity and urban connectivity, making it an attractive proposition for a diverse range of buyer profiles.

Strategic Location and Transport Accessibility

Situated approximately 10 minutes' walk from Canberra MRT Station on the North-South Line (NS12), The Visionaire benefits from reliable public transport connectivity. This proximity to the MRT network ensures that residents can commute efficiently to the Central Business District, Marina Bay, and other key employment hubs across Singapore. The North-South Line remains one of Singapore's busiest and most established corridors, serving residential estates, commercial districts, and entertainment precincts. The walkable distance to the station—approximately 870 metres—positions the development within a convenient range for daily commuting without requiring private vehicle dependency.

Unit Configurations and Space Standards

The development offers a range of unit configurations designed to accommodate different household compositions and lifestyle requirements. Units at The Visionaire feature generous floor areas, with some layouts exceeding 1,100 square feet, providing ample space for family living, home offices, and entertaining. The variety of bedroom configurations allows purchasers to select properties that align with their specific needs, whether downsizing from larger private homes or upgrading from smaller public housing units. The thoughtful design of these spaces reflects contemporary preferences for functional living areas combined with practical storage solutions.

Executive Condominium Market Position

As an executive condominium, The Visionaire operates within a distinct regulatory and ownership framework that distinguishes it from both Housing and Development Board flats and private residential properties. Executive condominiums typically offer lower entry prices than comparable private developments whilst providing condominium-style amenities and a leasehold structure. This positioning makes the project particularly relevant for first-time private property buyers, upgraders from the public housing market, and investors seeking exposure to the residential market with a lower capital outlay than traditional private condominiums. The executive condominium model has proven its appeal over several decades, with many developments demonstrating resilient resale values and consistent rental demand.

Neighbourhood Character and Amenities

The Canberra Drive location sits within an established residential neighbourhood characterised by tree-lined streets, community facilities, and ready access to retail and dining options. The area benefits from proximity to shopping centres, wet markets, and F&B establishments that cater to the local community. Schools in the vicinity serve both primary and secondary levels, making the neighbourhood suitable for families with school-age children. The maturity of the precinct means that essential services, including healthcare facilities, banking institutions, and recreational centres, are already well-established and accessible to residents.

Investment Considerations and Rental Market Dynamics

For investors considering The Visionaire, the development's location near a major MRT station and within a stable residential neighbourhood presents attractive rental market fundamentals. Executive condominiums historically demonstrate healthy rental yields, supported by consistent tenant demand from young professionals, relocating expatriates, and small families seeking affordable private housing options. The proximity to the North-South Line enhances the development's appeal to renters commuting to central business areas. Rental rates for comparable units in this precinct have remained relatively stable, reflecting the area's established residential character and transport accessibility.

Capital Appreciation and Market Trajectory

The executive condominium segment has demonstrated resilience and moderate capital appreciation over medium to long-term holding periods. The Visionaire's positioning within a maturing district with completed infrastructure and stable population growth suggests a foundation for gradual price appreciation. As the neighbourhood continues to attract new residents and amenities evolve, property values in the area typically benefit from organic demand drivers. The development's proximity to the MRT station and established community infrastructure provides a relatively insulated foundation against significant market downturns, though broader economic conditions always influence property markets.

Buyer Suitability and Profile Alignment

First-time private property buyers benefit from the executive condominium's lower entry price point and established track record of value retention. Upgraders from the public housing market find executive condominiums an accessible route into private ownership without the premium pricing of traditional luxury condominiums. The development also appeals to investors seeking rental income with moderate capital exposure. Young professionals and small families valuing transport connectivity and neighbourhood convenience represent a significant demand segment for developments at this location and price range. The variety of unit sizes ensures that different household compositions can find suitable configurations within the project.

Financial Planning and Loan Eligibility

Purchasers financing an executive condominium property through mortgage loans should anticipate that most financial institutions offer competitive loan packages for this asset class. The Debt Servicing Ratio—typically capped at 60% by most banks—remains an important consideration, particularly for properties in the S$1.7–2.0 million price band. Prospective buyers should obtain pre-approval from their lending institution to confirm the maximum borrowing capacity and monthly instalment obligations. Down payment requirements typically range from 5–20%, depending on the lender's criteria and the buyer's financial profile. Early engagement with mortgage specialists ensures clarity on financing arrangements and helps buyers understand their true purchasing power.

Additional Buyer's Stamp Duty Implications

Singapore citizens purchasing a second residential property will incur Additional Buyer's Stamp Duty at the current rate of 20% on the purchase price. This represents a significant additional cost that must be factored into the total acquisition budget when acquiring a second property. For example, on a S$1.8 million purchase, the ABSD liability would amount to approximately S$360,000, substantially increasing the total cash outlay required. Buyers should model this cost carefully into their purchase plans and ensure adequate financing headroom. First-time private property buyers remain exempt from ABSD, making The Visionaire an attractive option for this demographic.

Leasehold Tenure and Future Considerations

Executive condominiums in Singapore are typically structured on a leasehold tenure basis, with lease periods generally set at 99 years or 999 years from the date of first occupation. Understanding the lease duration is crucial for long-term planning, as properties with shorter remaining lease periods may experience reduced marketability and valuation in later years. Prospective purchasers should verify the exact lease commencement date and remaining tenure for any property of interest, ensuring sufficient lease duration for both personal occupancy and future resale considerations. Properties with longer remaining leases generally command stronger resale demand and maintain valuation stability throughout the owner's holding period.

Comparative Market Analysis and Value Assessment

Within the Canberra and surrounding areas, executive condominiums at The Visionaire compete with other developments in the mid-market residential segment. Recent transactions in comparable precincts have established a cost per square foot benchmark that prospective buyers can use to assess value. The development's proximity to the MRT station, established neighbourhood character, and modern condominium amenities position it competitively within this market segment. Buyers evaluating The Visionaire should review recent sales data for comparable three- and four-bedroom units in nearby developments to ensure purchase price alignment with prevailing market rates. This comparative analysis helps confirm that offering prices represent fair value within the current market context.

Frequently Asked Questions

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

Executive condominiums at The Visionaire historically deliver net rental yields between 2.5–3.5% annually, depending on unit configuration, floor level, and overall market conditions. A four-bedroom unit at approximately S$1.8 million could generate monthly rental income in the range of S$3,500–S$4,200, calculated after accounting for property tax, maintenance fees, and management costs. Rental demand remains stable due to the development's proximity to the North-South Line MRT, consistent tenant demand from young professionals and small families, and the competitive pricing positioning relative to comparable private condominiums. The established neighbourhood character and transport accessibility support consistent demand, though actual rental yields will vary based on individual unit features, current market cycle, and tenant preferences at the time of listing.

How does the cost per square foot at The Visionaire compare to recent transactions in the Canberra area?

Recent market data suggests that four-bedroom executive condominium units in the Canberra precinct have transacted at approximately S$1,560–S$1,650 per square foot, reflecting the area's established residential character and moderate demand dynamics. The Visionaire's pricing at approximately S$1,560 per square foot places the development competitively within this range, offering fair value relative to comparable projects completed in recent years. Properties in the immediate vicinity with superior specifications or newer completion dates command premiums of 5–10% above this baseline, whilst developments in lower-demand sub-precincts may trade at discounts of 3–5%. Prospective buyers should cross-reference recent transaction records from the Urban Redevelopment Authority's data and engage valuation specialists to confirm that unit-specific pricing aligns with comparable market evidence.

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% of the purchase price, in addition to standard Buyer's Stamp Duty. On a S$1.8 million purchase at The Visionaire, this results in an ABSD liability of approximately S$360,000, plus standard stamp duty of around S$15,950, totalling approximately S$375,950 in stamp duties alone. This represents a material addition to the acquisition cost beyond the primary purchase price and must be factored into overall financial planning and loan structuring. First-time private property buyers remain fully exempt from ABSD, making The Visionaire an attractive entry point for this demographic. Second-time buyers should ensure adequate financing headroom and liquidity to cover both down payment and ABSD obligations without overextending their financial position.

How does the lease tenure at The Visionaire affect long-term resale value and marketability?

The Visionaire is structured on a leasehold tenure basis, with most units carrying a 99-year or 999-year lease from the original occupation date. The lease duration significantly influences long-term resale marketability; properties with 70+ years remaining lease typically face minimal depreciation concerns, whilst those with lease periods declining below 60 years experience accelerating valuation erosion. A 99-year lease property purchased today will retain maximum value for approximately 60–70 years before lease decay becomes a material factor; consequently, younger buyers may prioritise 999-year leasehold or freehold alternatives for indefinite ownership longevity. Properties with shorter remaining leases often attract investor buyers seeking sub-5-year capital gains rather than long-term wealth accumulation. Prospective buyers should confirm the exact lease commencement date and remaining tenure before purchase, ensuring the lease duration aligns with their intended holding period and family planning horizons.

How does proximity to Canberra MRT Station (NS12) influence demand and capital appreciation at The Visionaire?

Proximity to a major MRT station is one of the strongest demand drivers in Singapore residential markets, directly influencing property valuations, rental rates, and buyer demographics. The Visionaire's location approximately 870 metres (10 minutes' walk) from Canberra MRT Station on the North-South Line provides reliable connectivity to the Central Business District, Marina Bay, and other key employment centres, making the development attractive to professionals commuting daily. MRT-proximate properties typically command 5–12% valuation premiums compared to developments beyond walking distance, reflecting the transport accessibility value. Properties in MRT-accessible locations have historically demonstrated more resilient capital appreciation and stronger resale demand during economic downturns, as transport connectivity remains a durable long-term value driver. As Singapore's residential market matures, MRT connectivity increasingly becomes a fundamental valuation benchmark, ensuring that The Visionaire maintains competitive positioning within its market segment.

Which buyer profiles is The Visionaire most suitable for, and why?

First-time private property buyers benefit substantially from The Visionaire's executive condominium status, lower entry price point relative to private condominiums, and full ABSD exemption, making the development an accessible pathway into property ownership. Upgraders transitioning from public housing to private residential ownership find the project attractive due to its moderate pricing, established neighbourhood amenities, and condominium-quality facilities without the premium pricing of luxury developments. Young professionals and small families valuing transport connectivity, maintenance-free living, and community facilities represent a significant tenant and purchaser demographic. Property investors seeking rental income with moderate capital exposure benefit from the development's consistent tenant demand, stable yields, and lower acquisition cost enabling portfolio diversification. High-net-worth individuals seeking secondary or investment properties may prioritise other precincts, though prudent portfolio allocators recognise The Visionaire's value as a lower-volatility income-generating asset complementing higher-risk holdings.

What TDSR and financing headroom should I plan for at The Visionaire's typical price points?

Most financial institutions cap the Total Debt Servicing Ratio at 60%, meaning a buyer's total monthly debt obligations (including the mortgage) cannot exceed 60% of gross monthly income. On a S$1.8 million purchase with a 70% loan-to-value ratio (approximately S$1.26 million borrowed) at current interest rates of approximately 3.5%, monthly mortgage repayment reaches roughly S$5,600 over a 25-year tenure; this requires a gross monthly income of approximately S$9,333 to meet the TDSR threshold comfortably. Buyers should factor existing debt obligations (car loans, credit card facilities, personal loans) into this calculation, as these reduce available borrowing capacity. Prudent financial planning suggests maintaining 10–15% headroom above the TDSR ceiling to accommodate rising interest rates, income fluctuations, or unexpected expenses. Pre-approval discussions with mortgage specialists enable accurate calculation of personal borrowing capacity and help prevent overcommitment to property acquisition.

How does The Visionaire compare to nearby competing executive condominium developments?

The Visionaire competes within a segment of well-established executive condominium developments across the Canberra, Sembawang, and Yishun precincts. Comparable developments in the vicinity typically offer similar specifications, amenity packages, and price ranges (S$1.7–2.0 million for three- to four-bedroom configurations), creating a relatively commoditised market where location, MRT proximity, and amenity quality become key differentiators. Developments with superior completion dates, modern architectural design, or enhanced communal facilities may command modest premiums of 2–5%, whilst those in less accessible sub-precincts may trade at discounts. The Visionaire's established track record, proximity to a major MRT station, and mature neighbourhood position it competitively within this peer group. Prospective buyers should conduct comparative site visits, review recent sales data for competitor developments, and assess amenity offerings to confirm that The Visionaire represents optimal value within the competitive set.

Which unit stacks or floor levels at The Visionaire offer the best value for money?

Mid-level units (floors 3–12) typically offer superior value relative to ground-floor and high-floor alternatives, commanding 10–15% discounts compared to similar units on premium floors while maintaining excellent natural light, ventilation, and security. Ground-floor units, whilst offering direct garden or communal space access, often trade at modest discounts due to privacy and security considerations amongst buyer preferences. High-floor units (above floor 15) command premiums of 15–25% reflecting enhanced views, reduced noise exposure, and increased desirability, though this premium escalates in high-rise developments more than mid-rise projects. Corner units and those facing quieter internal garden courtyards typically achieve 5–10% premiums over comparable units on noisy frontages or irregular configurations. Buyers prioritising capital appreciation and future resale liquidity should favour mid-floor, regular-configuration units in established stacks, as these attract the broadest buyer base and maintain consistent demand during market cycles. Unit-specific selection should balance personal preference against long-term marketability and value retention.

What future supply pipeline exists in the Canberra and surrounding districts that could affect The Visionaire's resale prospects?

The Canberra and adjacent precincts have experienced relatively mature development cycles, with most available land parcels already developed into residential, commercial, or mixed-use projects. Ongoing Housing and Development Board developments and scattered executive condominium projects continue to add supply to the broader North region, though the scale and pace of new residential completion remain moderate relative to central precincts. The Urban Redevelopment Authority's master planning initiatives suggest that Canberra and Sembawang will evolve as established residential neighbourhoods rather than high-growth transformation precincts, supporting relatively stable demand-supply dynamics. Future commercial or transport infrastructure developments (such as enhanced retail facilities or potential extension of rapid transit networks) could enhance long-term appreciation potential, though these remain subject to long-term planning cycles. The Visionaire's established position within a mature neighbourhood, combined with moderate new supply expectations, supports relatively stable property values and rental demand over medium-term holding periods, though broader economic cycles will continue to influence market sentiment.

[For Sale] The Visionaire, 174 Canberra Drive — From S$1.8M