Parc Canberra EC
Last Updated: 8th June 2023
- 08-06-2023: Register Interest to view Parc Canberra EC showflat and get Direct Developer Price & VVIP Discounts.
- 08-06-2023: Be the earliest to get the updated Parc Canberra EC price, Showflat information, and Balance Units.
- 13-01-2020: Parc Canberra EC launch date for preview is from 31 Jan 2020 to 10 Feb 2020.
- 13-01-2020: Updated Parc Canberra EC floor plan and site plan.
- 02-11-2019: New Canberra MRT station open on 2 Nov, set to reduce journey to city by 10 minutes.
- 11-09-2019: EC Income Ceiling raised to $16,000, effective Today.
- 07-03-2019: Check your loan eligibility by calculating at Max Loan Eligibility Calculator Based on Mortgage Serving Ratio
- 01-03-2019: Location map, nearby amenities, and site view are updated.
- 01-03-2019: Welcome to Parc Canberra EC website.
|Project Details||Parc Canberra Executive Condominium|
|Location||Canberra Link in Sembawang|
|Developer||Hoi Hup Realty and Sunway Group|
|Site Area||194,187 sq ft / 18,040 sqm|
|No. of Blocks||10 Blocks|
|No. of Storeys||11 to 13 Storeys|
|Site Use||Residential Flat Developement|
|No. of Units||Approx. 500units|
|Expected Date of TOP||Est. 2023|
Parc Canberra EC Price
Hoi Hup Realty and Sunway Group successfully secured the executive condominium (EC) site along Canberra Link. The new EC sits an area of 194,187 square foot (18,040.6 square meter) land parcel and has a plot ratio of 2.5. With the top bid of S$271 million, it works out to S$558.2 per square foot per plot ratio (psf ppr). According to the Housing and Development Board (HDB), it can yield a maximum of 500 units.
Based on the estimation, the Parc Canberra EC will have a break-even price of S$950 psf ppr and an average selling price of S$1,050 psf.
The project is fully sold by now. You can still register for drop out units updates!
(All prices for Parc Canberra displayed here are for reference purposes. Prices are subject to change from time to time without prior notice. This webpage cannot be held responsible for any inaccuracies, omissions and/or dispute.)
2 BEDROOM + STUDY
829 SQF (1 UNIT)
818-926 SQF (77 UNITS – LAST 11)
3 BEDROOM + UTILITY
926-947 SQF (168 UNITS)
3 BEDROOM PREMIUM
947-1001 SQF (182 UNITS)
4 BEDROOM PREMIUM
1152-1184 SQF (57 UNITS – LAST 1)
5 BEDROOM PREMIUM
1453 SQF (11 UNITS)
Buyer’s Stamp Duty (BSD)
|Purchase Price or Market Value of the Property||BSD Rates for Residential Properties||BSD Rates for Non-Residential Properties|
Residential Home Loan Regulations (MAS)
|First Loan||Second Loan||Third Loan|
|Loan Tenure||Up to 30 years||31-35 years||Up to 30 years||31-35 years||Up to 30 years||31-35 years|
|Age||Age used to calculate loan tenure, will be based on income-weighted|
|Up to 65||Up to 70-75||Up to 70-75||Up to 65||Up to 70-75||Up to 70-75||Up to 65||Up to 70-75||Up to 70-75|
|Maximum LTV Limit||75%||55%||55%||45%||25%||25%||35%||15%||15%|
|Minimum Cash Downpayment||5%||10%||10%||25%||25%||25%||25%||25%||25%|
|Gaurantors / Co-borrowers||All Co-borrowers must be mortgagors.
Guarantors must be co-borrowers if the latter did not pass the TDSR criteria
|Mortgage Servicing Ratio||N/A|
|Total Debt Servicing Ratio||60%|
|Stress Test Interest Rate||3.5%|
Also known as Progressive Payment Scheme, allows you to service your loan via monthly instalments progressively stage by stage as the property is being built.
|Stage||Payment Under a Standard Payment Scheme (% of Purchase Price)|
|Upon the grant of Option to Purchase||5% (Booking Fee)|
|Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date||20% less Booking Fee|
|Completion of foundation work||10%|
|Completion of reinforced concrete framework of unit||10%|
|Completion of partition walls of unit||5%|
|Completion of roofing/ceiling of unit||5%|
|Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit||5%|
|Completion of car park, roads and drains serving the housing project||5%|
|Notice of Vacant Possession (TOP)||25%|
|On Completion date||15%|
Parc Canberra EC Location
The new Executive Condominium (EC) is located at Canberra Link, only 300m away from the upcoming Canberra MRT, which will be opened by Dec 2019. Canberra MRT station is part of north-South line, located between Sembawang and Yishun MRT stations.
Nearby Canberra Plaza will become the future new generation neighborhood centre which is positioned as a one-stop destination for all generations. Residents of Parc Canberra EC will enjoy a complete live-work-play-learn environment. Canberra Plaza is expected to be completed in 2019.
Served by the 12 hectare Bukit Canberra (a.k.a Sembawang Sport and Community Hub, open in 2020), Parc Canberra EC is so close to amenities such as hawker centre, indoor and outdoor sport facilities, policlinic, and green spaces for community farming and lifestyle related facilities.
When the new expressway as part of North-South Corridor is ready in 2026, Parc Canberra EC will be directly benefited – commuters then have the choice of faster access to the city area.
Amenities @Parc Canberra EC
|MRT Station||Canberra LRT (SW1)||0.30km|
|Sembawang MRT (NS11)||0.85km|
|Bus Stops||BEF YISHUN AVE 2 (58049) Services: 169||0.20km|
|SEMBAWANG INT (58009) Services: 167, 859, 882, 980, 981||0.88km|
|Schools||Sembawang Primary School||0.74km|
|Wellington Primary School||0.76km|
|Sembawang Secondary School||1.18km|
|Ahmad Ibrahim Primary School||1.62km|
|Shopping Malls||Canberra Plaza||0.60km|
|Sembawang Shopping Centre||0.65km|
Sembawang can look forward to an injection of new life and excitement, with new housing developments and the opening of Bukit Canberra. These developments will also be complemented with new employment opportunities.
Want to know how Sembawang Area is planned with the comprehensive range of facilities to meet the needs of current and future residents? Check out the Sembawang URA Master Plan.
Parc Canberra EC Site Plan
Parc Canberra EC Floor Plan
The Parc Canberra EC is designed to accommodate all your needs, a love nest for younger families or even multi-generational living. Stay tuned for the floor plans of the units available in Parc Canberra EC.
Click the button above to view & download the Full Parc Canberra EC Floor Plan.
Is floor plan easy to understand? Whereas it is exciting to read floor plans, compare them and hopefully make the decision, sometimes it can be confusing due to the many unfamiliar symbols and different types of lines. Armed with some basic knowledge, you will be able to gain more information from floor plans.
When reading floor plan, it is easier to first visualise yourself at the main door. That helps you better understand how living room, kitchen, bedrooms are connected.
Doors are quarter-circles on the floor plan. The arc of the door symbol indicates if the door swings inwards or outwards.
Windows are marked with thin hollow lines. There are two types of windows in Singapore – the sliding window and the casement window. The difference is that casement windows usually come in pairs.
You can quickly notice these bold lines and normal lines by looking at its thickness from the floor plan.
- Bold lines are structual walls which cannot be hacked.
- Normal lines are non-structual walls which usually can be safely removed. Non-structural walls seperate one room from another.
* For development using prefabricated structure, walls are indicated as normal lines but they cannot be hacked. You need to check the brochure if it is prefabricated units before planning any renovation work.
It is important to know the facing of doors and windows. The facing of North is usually indicated at the corner of the floor plan and is easier to tell directions from the site plan.
Symbols of door and windows on the floor plan and Their Meanings
Parc Canberra EC Showflat
Location, Opening Hours
The Parc Canberra EC showflat is targeted to open in Q1 2020.
Kindly register your interest to receive latest update on showflat opening date and project details.
Things to Take Note Before Visiting Parc Canberra EC Showflat
- It is advisable to check Eligibility Conditions for Parc Canberra EC purchase.
- How are you affected by the MSR(Mortgage Servicing Ratio)? You will need to know the bracket you are in. Find out more using the MSR calculator.
- On the actual launch date, you will need to understand how the Balloting System works.
Alternatively, you may simply book an appointment by filling up the form below and let us contact you. Our experienced sales team is able to assist you throughout the process.