CANBERRA RESIDENCES
UrbanLens Analysis
CANBERRA RESIDENCES trades at $1,184 PSF, sitting 9% below the District 27 median of $1,299 PSF. At 8 minutes from Canberra MRT (602m), transit access is passable but not a differentiator. CANBERRA CRESCENT RESIDENCES fetches $1,995 PSF nearby -- that 41% gap frames CANBERRA RESIDENCES's relative value proposition.
A 8.8% appreciation over two years is healthy without looking frothy. With 24 deals in two years, the pricing data has reasonable statistical weight. For context, THE CRITERION has gained 3.6% over the same period.
Roughly 83 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.5% tracks the OCR average of 3.4%. At $3,364/month median rent, income is market-rate -- neither a standout nor a weakness.
The 320-unit scale delivers broad facilities and solid transaction depth, but large blocks occasionally create pricing headwinds during softer markets.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| CANBERRA CRESCENT RESIDENCES | $1,995 | — | 0.0% |
| NORTH GAIA | $1,332 | — | +2.6% |
| THE VISIONAIRE | $1,424 | — | +7.1% |
| PARC LIFE | $1,348 | — | +6.0% |
| THE CRITERION | $1,303 | — | +3.6% |
PSF Trend
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