HDB launches tender for first site since tightened EC rules, at Canberra Drive
In opposition to this backdrop, Huttons Asia CEO Mark Yip anticipates the Canberra Drive site to work as a “litmus test” of property developers’ confidence following the policy change. He adds that the tighter guidelines might narrow the pool of second-time customers and possibly lengthen the sell-out duration for future EC tasks.
He predicts three to four prospective buyers for the website, and anticipates the top bid to come in at approximately $600 to $700 psf ppr.
Period Singapore’s Lim adds that the family member ease of the Canberra Drive site can enhance its attract both designers and future customers, particularly as EC sites are usually situated in less main areas.
Lentor Gardens Residences condominium
On The Other Hand, Huttons Asia’s Yip expects approximately five bids for the Canberra Drive site, noting that its “bite-size quantum” might offer reduced danger to designers. He approximates the highest proposal rate to range between $630 to $700 psf ppr.
“This is the first EC GLS area to be put out to tender since the most recent procedures on EC purchases were announced on May 8,” states Eugene Lim, key directing officer of ERA Singapore. The measures consist of stretching the minimum occupation period to one decade, eliminating the Credit System, and increasing first-timer priority at brand-new EC release.
The tender for the EC area at Canberra Drive are going to close on Oct 1, 2026.
“Offered the highly attractive area of this Canberra Drive site, which is relatively nearer to amenities than the earlier plot, we anticipate developer interest for this site to be well-balanced,” mentions Quek.
The last GLS location that was granted that location was in September last year, when Oriental Pacific Holdings sent the greatest of 4 proposals at $692 psf per plot ratio (ppr), or $198 million, to safeguard the EC site at Sembawang Road.
An executive condo (EC) location at Canberra Drive has been launched for sale under the Confirmed List of the 1H2026 Government Land Sales (GLS) programme. The 99-year leasehold EC site covers 124,167 sq ft and is expected to produce roughly 185 new housing units.
Additionally, Justin Quek, replacement team CEO of Realion (OrangeTee & ETC) Team, expects the site to garner programmer passion due to the prospective stifled need for EC units in the location.
That stated, Yip believes that the Canberra Drive site might still see rate of interest from programmers as a result of its attractive locational features. Canberra MRT Terminal, on the North-South Line, is located within strolling distance of the website, while colleges such as Sembawang Primary School and Wellington Primary School lie within a 1km distance.
