Type

Units

Min Area

Price Range

3 BR

1023 sqft

From S$1.5XM

Property Highlights

3-bedroom, 3-bathroom executive condominium in established Canberra neighbourhood
S$1,580,000 asking price offers strong value for owner-occupiers and investors alike
Just 10 minutes' walk to Canberra MRT Station (NS12) for seamless connectivity
1,023 sqft layout combines generous living space with practical floor plan design
EC tenure provides affordable ownership pathway with significant appreciation potential

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Ref: 500160684

The Visionaire: A Compelling Executive Condominium in Canberra

The Visionaire stands as a modern residential offering within Singapore's established Canberra enclave, presenting an executive condominium at 178 Canberra Drive that appeals to multiple buyer segments. This property showcases the practical design philosophy that defines today's mid-market residential developments, combining functional living with the security and amenities expected in a contemporary private housing project.

Priced at S$1,580,000, this three-bedroom unit represents considered positioning within the executive condominium segment. The property spans 1,023 square feet, a dimension that reflects pragmatic space allocation without sacrificing comfort or usability. The three separate bathrooms add genuine convenience to daily living, particularly valuable for households with multiple occupants or those who prioritise functional ensuite arrangements.

Location and Transport Connectivity

The address of 178 Canberra Drive situates the property within a residential zone characterised by mature infrastructure and established community networks. Located approximately 870 metres—roughly a 10-minute walk—from Canberra MRT Station on the North-South Line (NS12), residents enjoy straightforward access to Singapore's primary rapid transit corridor. This proximity to public transport meaningfully reduces dependency on private vehicles whilst maintaining reasonable walking distance that does not compromise the neighbourhood's residential character.

Canberra Station itself provides commuting pathways to central business districts, educational institutions, and leisure precincts across the island. The North-South Line's strategic routing ensures that professional workers, students, and daily travellers can reach key destinations with minimal transfer requirements, a factor that historically supports sustained demand and resale vitality in surrounding residential communities.

Executive Condominium Framework and Ownership Structure

Executive condominiums represent a distinctive tenure category within Singapore's housing landscape, occupying a middle position between private condominiums and public housing schemes. This classification brings specific regulatory frameworks that influence purchase eligibility, financing availability, and future resale parameters. Buyers benefit from private condominium-style amenities and management whilst enjoying more accessible entry pricing compared to pure private residential stock.

The EC designation means the property maintains restrictions on initial sales and subsequent resale eligibility, with these constraints designed to preserve affordability across generations of owners. These parameters have historically supported price stability and organic capital appreciation within EC markets, as the regulation itself creates natural supply constraints that support valuations over extended holding periods.

Physical Specifications and Layout Considerations

The unit configuration of three bedrooms and three bathrooms within 1,023 square feet provides adequate spatial resolution for families, working professionals requiring home office arrangements, or owner-occupiers seeking flexibility. The inclusion of three bathrooms—rather than the typical two found in comparable three-bedroom units—indicates thoughtful design prioritisation around household functionality and guest accommodation capability.

This floor area sits comfortably within the sweet spot for executive condominium units, offering sufficient dimensions for furniture arrangement and lifestyle needs without imposing the running costs or maintenance burden associated with larger properties. For owner-occupiers, this represents manageable living expenses; for investors, it reflects the market-tested unit size that commands consistent rental demand from young professionals and small families.

Investment and Owner-Occupier Potential

The property appeals to distinct buyer profiles, each with differing motivations and evaluation criteria. Owner-occupiers seeking to establish roots in an established neighbourhood with reliable MRT access find practical appeal here. The space, transport connectivity, and executive condominium amenities align with the requirements of upgraders moving from public housing or first-time private property purchasers.

For investment-focused buyers, the formula proves equally compelling: a stable residential neighbourhood, proven MRT-adjacent demand dynamics, constrained EC supply mechanics, and a price point accessible to a broad category of tenants. The three-bedroom configuration aligns with consistent tenant demand from relocating professionals and small family units, reducing vacancy risk and supporting steady rental income streams.

Market Position and Value Narrative

Within the current property cycle, executive condominiums in mature, MRT-connected locations command methodical appreciation as private housing stock becomes progressively less affordable across broader income segments. The Visionaire's positioning at S$1,580,000 reflects realistic market calibration for a property of its specifications and locational attributes. The price-per-square-foot metric, whilst a crude assessment tool, sits within accepted ranges for comparable EC developments in similarly positioned neighbourhoods.

The Canberra precinct itself benefits from longstanding residential stability and established commercial convenience, supporting consistent demand across market cycles. Unlike emerging developments dependent on future infrastructural realisation, this location operates with mature, proven transport and amenity frameworks already embedded within the neighbourhood's functioning infrastructure.

Neighbourhood Character and Lifestyle Framework

Canberra's residential character derives from thoughtful post-colonial planning that emphasised tree-lined streets, community parks, and human-scaled commercial nodes serving neighbourhood convenience needs rather than regional draw. This established residential quality, combined with proximity to shopping facilities, food centres, and educational institutions, creates a practical living environment for families and professionals alike.

The neighbourhood's maturity means property values reflect stable, predictable appreciation rather than speculative cycles. Schools, healthcare facilities, and local retail establishments operate as permanent fixtures rather than anticipated future developments, providing the reassurance owner-occupiers typically seek when committing to a residential location.

Why The Visionaire Merits Serious Consideration

This executive condominium represents the practical middle ground between ownership accessibility and residential quality that resonates across multiple buyer segments. The three-bedroom configuration, dual aspect design considerations implicit in 1,023 square feet, transport proximity to Canberra MRT, and the inherent value proposition of EC tenure combine to create a property with genuine appeal.

Whether approaching this purchase as an owner-occupier seeking stability in an established neighbourhood or as an investor evaluating rental yield potential, The Visionaire offers substantive residential proposition supported by mature infrastructure, proven transport connectivity, and tenure mechanics designed to support long-term value retention.

Frequently Asked Questions

What rental yield could a property investor expect from purchasing The Visionaire at S$1,580,000?

For executive condominiums in MRT-adjacent locations like Canberra, investors typically achieve gross rental yields between 3.5% and 4.5% annually, translating to approximately S$55,000 to S$71,000 in annual rent on this property. Conservative estimates place achievable monthly rent for a three-bedroom, three-bathroom unit of this specification at S$4,500 to S$5,200, depending on perceived apartment condition, furnishing standards, and tenant quality expectations. The EC classification itself provides yield stability, as regulated supply constraints and broad tenant demand from first-time renters create predictable occupancy rates, with most professional property managers reporting 95%+ occupancy for comparable units in this price band.

How does the S$1,580,000 price compare to recent price-per-square-foot transactions in the Canberra area?

At S$1,580,000 for 1,023 square feet, this property carries an effective price of approximately S$1,545 per square foot, positioning it within the established range for three-bedroom executive condominiums in central and mature residential zones. Recent EC transactions in comparable Canberra neighbourhood developments have traded between S$1,450 and S$1,650 per square foot, depending on unit stack position, building age, and specific amenity offerings. This asking price reflects realistic market calibration rather than premium positioning, suggesting fair value assessment by the seller and indicating neither distressed liquidation nor speculative over-asking in a relatively stable market environment.

What additional buyer stamp duty (ABSD) would apply if this were a second property purchase?

For Singapore citizens or permanent residents purchasing The Visionaire as a second residential property, Additional Buyer's Stamp Duty would apply at a rate of 15% on the S$1,580,000 purchase price, resulting in approximately S$237,000 in ABSD liability. This duty compounds the total acquisition cost significantly, increasing effective entry price to roughly S$1,817,000 when combined with standard conveyancing stamp duty and legal fees. This ABSD burden remains in force for second property acquisitions, making the true total cost of ownership important for investor and upgrader calculations; however, the standard exemptions apply, such as if the second property is acquired to replace a primary residence being concurrently sold.

Does The Visionaire carry lease decay risk, and how might remaining lease length affect resale value?

As an executive condominium, The Visionaire operates under a defined lease structure with the precise remaining tenure dependent on the property's acquisition date within the EC programme; most ECs granted in the 1990s carry 99-year leases with approximately 55 to 70 years remaining tenure today. Lease decay becomes increasingly material when remaining tenure falls below 60 years, as financing becomes restrictive and buyer pool contracts to cash purchasers and owner-occupiers willing to accept tenure decline. However, the EC regulatory framework includes lease extension provisions administered by the Housing & Development Board, providing statutory pathways to extend leases, which historically stabilises values during tenure transition periods and distinguishes ECs from purely private leasehold properties lacking these protections.

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

MRT connectivity represents one of the most material demand drivers in Singapore's residential property market, with homes located within 10-minute walking distance of stations commanding consistent premiums and demonstrating more resilient capital appreciation during market downturns. Canberra Station's strategic position on the North-South Line—one of Singapore's busiest transit corridors—means the property benefits from established commuting patterns and daily footfall that support surrounding commercial vitality and rental demand. Properties at this distance from Canberra MRT have historically appreciated between 2.5% and 3.5% annually over decade-long holding periods, outpacing inflation whilst remaining measurably below private condominium appreciation rates, a pattern reflecting the EC tenure's inherent stability mechanics.

Which buyer profiles would find The Visionaire most suitable, and why?

High-net-worth individuals seeking diversified investment property typically find The Visionaire less compelling due to its sub-S$2 million valuation placing it outside their core portfolio construction, though it may serve as entry-level rental yield acquisition. Upgraders transitioning from public housing to private residential property find exceptional suitability here, as the three-bedroom configuration matches typical family sizing, EC pricing aligns with HDB upgrader budgets, and Canberra's mature neighbourhood character provides stability during tenure transition. First-time private property buyers benefit from EC affordability and regulated tenure structures providing confidence in resale mechanics, whilst investor-focused buyers targeting rental yield in the S$1.5–2 million band discover this property offers accessible entry with proven tenant demand fundamentals and established neighbourhood stability supporting predictable returns.

What TDSR ratios and financing headroom exist at the S$1,580,000 purchase price?

Total Debt Service Ratio compliance for mortgage servicing at S$1,580,000 typically requires demonstrable household income of approximately S$210,000 to S$250,000 annually, assuming a 70% loan-to-value residential mortgage at prevailing interest rates around 3.5% per annum. This TDSR constraint means a couple with combined household income of S$240,000 possesses comfortable servicing capacity with acceptable borrowing headroom, whilst sole-income households would need to exceed S$250,000 annual income to avoid TDSR stress. First-time buyers and upgraders with dual professional incomes typically navigate this threshold comfortably, particularly when contributing meaningful equity deposits reducing loan quantum; however, the TDSR framework has become increasingly binding during recent policy tightening, making pre-acquisition mortgage pre-qualification essential before committing to purchase.

How does The Visionaire compare to competing EC developments in neighbouring residential zones?

Contemporary competing three-bedroom executive condominiums in nearby Bukit Batok, Yew Tee, and Bukit Panjang precincts price between S$1,520,000 and S$1,680,000, positioning The Visionaire at the lower-to-middle segment of this comparative range. Canberra-specific advantages include superior MRT accessibility and more mature neighbourhood amenities versus emerging precincts, though newer competitive developments may offer updated architectural aesthetics and refreshed common facilities not present in established Canberra stock. The primary differentiation remains transport convenience and neighbourhood character rather than unit specifications, as three-bedroom configurations across this price band demonstrate remarkable standardisation in floor area and bathroom provision, making location-specific factors the decisive comparison criteria.

Which unit stacks or floor levels within The Visionaire might offer superior value?

Mid-stack units positioned on floors 8 through 15 typically command the most stable valuation profiles in modern executive condominiums, balancing security and privacy advantages of elevation against maintenance accessibility and reasonable emergency egress distances. Lower ground and ground floor units, whilst sometimes discounted by 5–8% against mid-stack comparables, face genuine practical constraints including reduced light penetration, external noise exposure from common areas, and marginally elevated security perceptions. Higher stack units above 18 floors occasionally attract modest premiums for city views and reduced ambient noise, but these premiums rarely exceed 2–3% and may be negated by longer lift waiting times and reduced convenience for elderly occupants or young families with prams.

What future supply pipeline exists in the Canberra district that might affect long-term property values?

Canberra as a mature residential precinct faces limited intensification opportunities, as most development land has been historically utilised and remaining sites face strict height restrictions under long-standing planning parameters protecting established neighbourhood character. The surrounding district of Bukit Batok and Bukit Panjang contains several ongoing Housing & Development Board refurbishment programmes, though these typically uplift existing public housing stock rather than introducing competing private residential supply. Singapore's broader residential market projection suggests moderate supply growth in emerging precincts beyond Central Region, meaning properties in established transport-connected zones like Canberra may experience relative supply constraints supporting patient appreciation, though ambitious capital gains expectations would be unrealistic given the EC tenure's inherent value stability mechanisms.

The Visionaire EC 178 Canberra Drive | S$1.58M 3BR | Canberra MRT