It is not surprising if there are not many people who know where Canberra is in Singapore. It is a relatively new town in Singapore, with its first condo development completed in 2013 and its first HDB flat completed in 2016.
Being a new town, or some, in the past, even call it “ghost town.”
Can the private condos there make money?
Digging through the profitable and unprofitable transactions within 1km of the two new launches, The Commodore (launching soon) and The Watergardens at Canberra, here are our findings:
| Project | Profitable | Unprofitable | % Profitable Transaction |
| Yishun Emerald | 79 | 8 | 91 |
| Yishun Sapphire | 227 | 47 | 83 |
| D’Banyan (999 yrs) | 21 | 0 | 100 |
| The Nautical | 122 | 11 | 92 |
| Canberra Residences | 87 | 11 | 89 |
| Eight Courtyards | 145 | 6 | 96 |
| The Sensoria | 47 | 4 | 92 |
| Seletaris | 195 | 68 | 74 |
| All Projects | 923 | 155 | 86 |
On the whole, 86% of the owners have sold their homes with a profit. 6 out of 8 projects have close to and over 90% of their owners making a profit.
Can make money, but how much? S$1 is also profit ma…
Let’s dig further.
The lowest profit that an owner has made is S$600.
In contrast, the maximum profit made by an owner is a whopping S$868,800.
Surprisingly both owners are from Eight Courtyards.
| Project | Min Profit | Max Profit | Avg Profit |
| Yishun Emerald | 8,000 | 580,000 | 261,687 |
| Yishun Sapphire | 760 | 684,000 | 206,005 |
| D’Banyan (999 yrs) | 52,000 | 499,712 | 206,671 |
| The Nautical | 7,500 | 252,000 | 95,060 |
| Canberra Residences | 1,000 | 280,740 | 90,052 |
| Eight Courtyards | 600 | 439,550 | 152,616 |
| The Sensoria | 13,000 | 868,800 | 271,760 |
| Seletaris | 1,070 | 830,000 | 220,842 |
| All Projects | 600 | 868,800 | 183,825 |
Most owners make an average of around S$180,000. 6 out of 8 projects have their owners making an average of S$150,000 and more.
Regarding opportunity cost, the owners of the analyzed projects realized an average annualized return of around 3.89%, with the lowest average annualized return at 2.11% by The Nautical and highest at 6.83% by The Sensoria.
| Project | Average Annualized Return (%) |
| Yishun Emerald | 2.79 |
| Yishun Sapphire | 5.47 |
| D’Banyan (999 yrs) | 4.37 |
| The Nautical | 2.11 |
| Canberra Residences | 2.45 |
| Eight Courtyards | 2.30 |
| The Sensoria | 6.83 |
| Seletaris | 4.84 |
| All Projects | 3.89 |
Based on the above three metrics, with an average of 86% of owners making a profitable transaction, an average profit of around S$180,000, and an average annualized return of 3.89%, Canberra is the upcoming estate that savvy home buyers should not strike off from their list. Furthermore, upcoming transformations around Canberra will further enhance its land value, giving home buyers more reasons to get into Canberra to reap their rewards in the future.
Keen to be one of the owners making a good profit in Canberra?
Check out the two new launches in Canberra – The Commodore (launching soon) and The Watergardens at Canberra; they could be the next home that makes you your pot of gold.
Like to find out the performance of certain projects, write to us at hello@52.221.194.137, we’d be happy to assist you.
Edwin Goh
With his love for numbers and data, Edwin has provided valuable insights to his clients and readers to empower them to make better-informed real estate decisions.
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