I do believe Canberra is the next hotspot in the North, looking at the recent BTO subscription rate, the demand for 5 rooms are as high as those launches in Toa Payoh!
Upgraders there can look forward to 2 really promising private condo development.
1. The Watergardens at Canberra is developed by joint venture of UOL, UIC and Kheng Leong. It is expected to yield about 455 units and has a land cost of $650 psf ppr. This site is parcel B of the recent Canberra GLS land sales.
2. The Commodore is developed by Oasis Development which is a subsidiary of JBE Holdings. This site is Parcel A of the Canberra GLS site and almost half in size of Parcel B, expected to have about 220 units. The winning bid by JBE translates to a land cost of $644 psf ppr.
I believe these 2 projects will attract a lot of attention from upgraders. It's been sometime since we have a new private condo development in Canberra area. They are expected to launch in the 2nd half of 2021. Check out more and other surrounding projects in https://www.propertyportal.com.sg/