What is the price of Canberra Drive EC?
There is no price. The tender closes at 12 noon on 1 October 2026, and a launch price can only follow the land award and the developer's own costing. Analysts quoted in the press expect land bids of about S$600 to S$700 per square foot per plot ratio, which is the cost of the land rather than the price of a home. 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. We will publish the actual bid on the updates page within a day of the tender closing.
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 | Does not apply to an eligible EC household buying their only property; applies if you hold another residential property |
| 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 |
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 2026 rules do not change that gap. What they change 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 prices exist yet. They depend on the winning land bid and the developer's pricing, and are only released at launch. Analysts quoted in the press expect land bids of about S$600 to S$700 per square foot per plot ratio, which is the price of the land, not of a home.
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.
Can I use the Deferred Payment Scheme at Canberra Drive EC?
No. Under the 2026 rules, 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 not closed. 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.