HDB publishes the provisional tender results: all 13 bids itemised
HDB's press release, dated 1 October 2026, lists every bidder and bid for the Canberra Drive EC site. The top bid is confirmed at S$163,903,000, which HDB states as S$8,880.26 per square metre of gross floor area, or S$825 psf ppr, from SNC3 Realty, HS Invesco and Kay Lim Realty. The 13 bids run from that figure down to S$71.7 million from Sim Lian. HDB calls the results provisional because the award has not been announced; the developer is confirmed only when it is. The full table, with every bid converted to psf ppr and the gap to the top bid, is on the tender result page. Home prices, floor plans and the launch date remain unannounced.
Tender closes: 13 bids, top bid S$825 psf ppr
The Canberra Drive EC tender closed at 12 noon on 1 October 2026 with 13 bids, well above the three to six analysts expected. Per HDB's published tender results, the highest bid was S$163.9 million, or S$825 per square foot per plot ratio (psf ppr), from a consortium of SNC3 Realty, HS Invesco and Kay Lim Realty. That is about 3.9% above the previous EC record of S$794 psf ppr (Sim Lian, Woodlands, January 2026) and about 19.2% above the S$692 psf ppr paid for the last Sembawang EC site in 2025. Second was a consortium of Intrepid Investments and TID Residential at S$159.4 million (about S$803 psf ppr); third was Apex Asia, BHCC Development and HSB Developments at S$158.6 million (about S$798 psf ppr). HDB has not yet announced the award, so the developer is not confirmed until it does. This is the price of the land, not of a home: launch prices, the unit mix and the launch date are still to be set by the developer.
Two weeks to the tender close
Bids for the Canberra Drive EC site are due at 12 noon on 1 October 2026. The developer, prices, floor plans and design are only decided after the site is awarded; analysts quoted when the tender opened expected bids of about S$600 to S$700 psf ppr, which is the price of the land, not of a home. Since the tender closes after 24 August, the new S$18,000 income ceiling applies to this project. The useful things to do now: check your eligibility against that ceiling, and plan around the 10-year MOP and the loss of the Deferred Payment Scheme, which means progressive payments start during construction.
Tender closes in under three weeks
Nineteen days remain before bids are due at 12 noon on 1 October. Analysts quoted when the tender opened expected three to five bidders, with bids around S$600 to S$700 psf ppr. Nothing about the developer, price or design is decided until then.
EC income ceiling raised to S$18,000
At the National Day Rally, the government raised the household income ceiling for executive condominiums from S$16,000 to S$18,000 a month. It applies to EC sites whose land tender closes on or after 24 August 2026, so it covers Canberra Drive EC, whose tender closes on 1 October. It does not apply to balance units in existing EC projects, which stay at S$16,000.
HDB launches the tender
HDB launched the Canberra Drive EC site for public tender: 11,535 sqm, 18,457 sqm gross floor area, about 185 units, 99-year lease, closing 1 October 2026. It is the first EC site tendered under the rules announced on 8 May, so it carries the 10-year MOP, the 15-year privatisation timeline, no Deferred Payment Scheme and the 90% first-timer quota.
EC rules tightened
The Ministry of National Development announced the biggest changes to the EC scheme since 2013, applying to EC sites whose tenders close from that date. Projects already in the pipeline are not affected.
Site appears on the 1H2026 Confirmed List
URA's Government Land Sales programme for the first half of 2026 placed the Canberra Drive EC parcel directly on the Confirmed List, alongside a second EC site at Sembawang Drive.
When is the Canberra Drive EC launch date?
No launch date has been set. None can be until the site has an owner, and anyone quoting a launch month today is estimating.
The real sequence runs in this order:
- The land tender closed at 12 noon on 1 October 2026 (done).
- The bids are evaluated and the site is awarded.
- The winning developer is named.
- The developer designs the project and obtains the approvals it needs.
- Sales launch, with the showflat, price list, site plan and floor plans.
From tender close to launch, that typically spans several quarters. The dated entries above will show each step as it happens.
Get the award announcement by WhatsApp, or message Jeffery Ng to be told when a launch date is set.
What we'll publish next
- HDB's award announcement, confirming the developer.
- What that bid implies for launch pricing, with the working shown.
- The developer's project details as they are released: unit mix, site plan, floor plans, showflat date.
- Any further change to EC rules or grants that affects this project.