What is the price of Canberra Drive EC?
There is no home price yet. The tender closed at 12 noon on 1 October 2026, and per HDB's published tender results, the top land bid was S$825 per square foot per plot ratio (S$163.9 million), above the S$630 to S$750 analysts forecast. That is the cost of the land, not the price of a home; a launch price can only follow the award and the developer's own costing. Treat any site quoting a per-square-foot launch price or a quantum today as marketing, not information.
What the land price tells you
The land bid is the first real number in the chain, and it arrives when the tender closes. The most recent EC site awarded nearby, at Sembawang Road, went for S$692 per square foot per plot ratio in September 2025.
From a winning bid, the market works forward to a breakeven cost by adding construction, financing, marketing and the developer's margin. Published estimates of that chain circulate quickly after a tender closes, and they are estimates until the developer opens a showflat with a price list. The bid table is on the updates page.
How you pay: the Normal Payment Scheme
With the Deferred Payment Scheme removed for this project, payment follows the standard progressive schedule tied to construction milestones.
Two practical consequences. Your bank loan starts being drawn down during construction, so instalments begin well before you move in, and if you are still living in an HDB flat you may be carrying two commitments for a period. Second, the 5% booking fee is payable in cash.
Loan limits: MSR and TDSR
A new EC bought from a developer is financed with a bank loan, not an HDB loan, and two limits apply. The Mortgage Servicing Ratio caps the instalment for this property at 30% of gross monthly income. The Total Debt Servicing Ratio caps all your debt obligations, including car and personal loans, at 55%. Whichever bites first sets your ceiling, and for EC buyers that is usually the MSR.
Because these are ratios rather than fixed sums, the cleanest way to know your number is to get an in-principle approval from a bank before launch, not during the booking queue.
What to budget for besides the price
| Item | What to expect |
|---|---|
| Buyer's Stamp Duty | Calculated on the purchase price, on the prevailing tiered rates |
| Additional Buyer's Stamp Duty | Fully remitted on a new EC unit when a buyer is a Singapore Citizen; see stamp duty below |
| Legal fees | Conveyancing for the purchase and the mortgage |
| Resale levy | Payable by second-timers who previously took a housing subsidy |
| Maintenance fees | From TOP, at condominium rates rather than HDB conservancy rates |
| Renovation and furnishing | Due near TOP, several years after booking |
Stamp duty on Canberra Drive EC
Buyer's Stamp Duty applies to every purchase. Additional Buyer's Stamp Duty is fully remitted on a new EC unit when the buyer, or any joint buyer, is a Singapore Citizen. Every new EC purchase needs at least one Citizen buyer, so for a Canberra Drive EC booking the duty to budget for is normally BSD alone.
BSD is worked out on the purchase price using IRAS's tiered residential rates: 1% on the first S$180,000, 2% on the next S$180,000, 3% on the next S$640,000, 4% on the next S$500,000, 5% on the next S$1,500,000 and 6% on the remainder.
For residential property generally, ABSD depends on the buyer's citizenship and how many residential properties they already own. For a new EC unit, IRAS grants the Citizen remission automatically once HDB approves the purchase, with no separate application. HDB's own conditions still apply alongside it, including selling an HDB flat you own within six months of collecting the EC keys.
Rates and remissions change. Check IRAS's Buyer's Stamp Duty page and IRAS's remission rules for new EC units, and ask your conveyancing lawyer to confirm the figure for your purchase.
Where an EC sits on price
The reason ECs keep selling is the gap between EC pricing and private condominium pricing in the same region, plus a grant of up to S$30,000 for eligible first-timers. The new EC policy does not change that gap. What it changes is how long you must hold the home before you can act on it.
Price questions
What is the price of Canberra Drive EC?
No home prices exist yet. The top land bid was S$825 per square foot per plot ratio (S$163.9 million), per HDB's published tender results, above the S$630 to S$750 analysts had forecast. That is the price of the land, not of a home. Launch prices come from the developer, and only at launch.
Want the launch price the day it's released? Get updates by WhatsApp.
When will Canberra Drive EC launch?
No launch date has been set. Sales can only start after the site is awarded and the developer has completed design and approvals, which usually takes several quarters after a tender closes.
Want the launch date the day it's set? Get updates by WhatsApp.
Can I use the Deferred Payment Scheme at Canberra Drive EC?
No. Under the new EC policy, EC buyers pay under the Normal Payment Scheme, in stages as construction progresses.
Is there a grant for Canberra Drive EC?
Eligible first-timer families may receive an EC CPF Housing Grant of up to S$30,000, depending on household income. Second-timers may be liable for a resale levy.
Why does this site not show prices or floor plans?
Because they do not exist yet. The tender has closed but the developer has not launched the project. We publish the tender facts, the rules and the dates, and add the developer's material the day it is released.
Figures on this page are general and none of it is financial advice. Stamp duty, loan limits and grant tables change; check IRAS, MAS and HDB, or speak to a licensed adviser, for your own numbers.