Prices start at S$1.11 million or S$1,950 psf for two-bedders sized 570 to 667 sq ft; S$1.53 million or S$1,920 psf for three-bedders sized 797 to 990 sq ft; and S$2.2 million or S$1,880 psf for four-bedders sized 1,163 to 1,324 sq ft.

The Canberra Crescent land parcel was acquired by Kheng Leong, the private real estate arm of the family of Wee Cho Yaw, and builder Low Keng Huat in a state land tender in July last year. The joint venture outbid two other offers, with a top bid of S$279 million or S$793 psf per plot ratio (ppr).

Observers noted then that the bid was the lowest land rate for a suburban government land sale site, excluding executive condos, since 2020. Still, the land rate of S$793 psf ppr was about 20 per cent above the S$644 psf ppr and S$650 psf ppr bids for two Canberra Drive sites sold in 2020.

The project is also Kheng Leong’s second in the Canberra area.

In 2021, it launched the 448-unit The Watergardens at Canberra as part of a joint venture with UOL Group and Singapore Land Group. Some 60 per cent of units were sold at around S$1,400 to S$1,500 psf over its launch weekend in August that year.

Most recently, in early July, a 646 sq ft unit was subsold at S$1.1 million or S$1,703 psf.