If you’re looking for an executive condominium (EC) that’s upscale and easily accessible, you ought to place Parc Canberra at the top of your list! Why is it worth your investment for a modern family home? Parc Canberra has all the distinctive factors that are beneficial for you and your family. There’s a handful of facilities catered to different age groups – some of which are designed for familial bonding. Convenience plays a huge part as well because there are many amenities within reach.
Situated at the corner of Canberra Link and Canberra Walk in Sembawang of District 27, this 99-year leasehold development by Sembawang Residences Pte. Ltd. The TOP is expected to be in 2022/2023, and is scheduled to launch at the end of January 2020 or early February 2020.
Here’s Why Parc Canberra Is a Perfect Family Home:
1. Specifications
| Project Name | Tenure | Expected TOP | Unit Type (up to) | Size in sqft (up to) | Average Price PSF (up to) |
|---|---|---|---|---|---|
| Parc Canberra | 99-year leasehold | 2022/2023 | 2-bedder+S* 3-bedder+UY^ 4-bedder+UY^ 5-bedder+UY^ | 829 1163 1399 1722 | $1,085 |
S*: Study | UY^: Utility + Yard
Good news if you’re a family of four to seven! Parc Canberra’s two largest units mentioned above has ample room for multi-generational living, so grandparents can live in or have comfortable sleepovers. Alternatively, it wouldn’t be any problem too if you’d like to convert any of the rooms to be a study room, a cool game room or even that fabulous walk-in wardrobe you’ve always wanted.
2. Monthly Rental Price
Let’s explore the neighbouring condominiums to get a rough estimation for Parc Canberra’s monthly rental assuming that you’re planning on renting out your unit. A three-bedder in The Visionaire (EC) can go up to $2,500 while 1 Canberra (EC) is $2,600 for the same number of rooms.
Future landlords and tenants are surely at an advantage, considering its strategic location and the number of upcoming developments within close proximity mentioned in URA’s 2019 Draft Master Plan – the town will be infused with new housing developments and the opening of Bukit Canberra which will be complemented with new employment opportunities.
3. Perks for Own Stay
Parc Canberra let’s you have a family-friendly home that’s also luxurious and modern at the same time. Every unit is designed to be family-centric yet functional. It is carefully curated with posh furnishing and fittings and equipped with sleek smart home technology (control your locks with a touch of a button!).
Planning family activities are effortless because there’s a lot you can do here in Parc Canberra. Divided into five zones – Arrival, Active, Family, Fitness and Nature – there’s surely something for everyone! Unique facilities include a 50m Infinity Pool, Cabana and Yoga Decks, a Fun Pool with Kids Water Play and a Gardening Pavilion. Of course the main feature is The Barn, a clubhouse that consists of a Media Room, Kids’ Party Room, Function Room, Study Room and an Outdoor Courtyard – picture your family’s recreational needs under one roof!
4. Education
On a mission to find the perfect school for your child? There are a number of schools within the vicinity. They are PCF Sparkletots Preschools, Ahmad Ibrahim Primary and Secondary School (1km away), Sembawang Primary and Secondary School (1.3km) and Canberra Primary School (2km).
Other local schools which you can reach under 10-minutes via car are Chongfu School (seven-minute drive), Yishun Innova Junior College (seven-minute drive) and Chung Cheng High School Yishun (nine-minute drive). Foreign families, there are educational institutions nearby such as GEMS World Academy (eight-minute drive) and Singapore American School (16-minute drive).
5. Transportation and Accessibility
Parc Canberra is only a five-minute walk to Canberra MRT Station, which is part of the North South Line. It’s one station away from Yishun Integrated Transport Hub and five stations away from the Circle Line at Bishan MRT Station. Travelling to Marina Bay takes about 30 minutes via train. Headed to the city area? You will reach there in 30 minutes, via the Central Expressway (CTE).
6. Future Developments within and near District 27
One of the main highlights you can look forward to is Bukit Canberra which is a one-stop destination for residents of all ages. It includes facilities such as an indoor sports hall, a hawker centre, a polyclinic, a senior care centre, a therapeutic garden and a community farm and fruit orchard. Just imagine a well-spent day with the whole family!
7. Amenities and Healthcare
The newly opened Canberra Plaza also known as the ‘New Generation Neighbourhood Centre’ is a five-minute walk away. You can find amenities such as supermarkets, food courts, enrichment centres, gardens and a water playground too!
Not too far away is the recently refurbished Sun Plaza Mall that’s located beside Sembawang MRT if you’re looking for a wider variety of dining and shopping options. Love reading? You can also visit Sembawang Library too. More local food fare can be found at Chong Pang Market and Food Centre which is a six-minute drive away.
Don’t fret about getting immediate medical attention as the nearest hospital is Khoo Teck Puat Hospital (11-minute drive) managed by Alexandra Health and Yishun Community Hospital. Khoo Teck Puat Hospital is a general acute care hospital while Yishun Community Hospital focuses on sub-acute, rehabilitative, dementia and palliative care.
There are so many places to discover in the nature-filled North of Singapore – you can embrace the great outdoors at beautiful parks found closeby. There’s Canberra Park which is filled with swings and a designated Tai-ji corner. Other parks nearby include Sembawang Park (access via a 1.6km park connector) and Woodlands Waterfront Promenade (a short bike ride away).
Never been to a hot spring? Well now you can! Head over to Sembawang Hot Spring Park, where you can indulge in a hot foot soak at a four-tier cascading pool, cook eggs at the egg-cooking station and stop for breakfast at a glass house eatery which serves local delights like egg and toast, laksa and nasi lemak.
If the night is still young for you, be sure to check out ORTO (nine-minute drive away), a multi-recreational park that is open 24 hours every day, where you can engage in Longkang Fishing, Prawning, Drift Karting, Paintball, and much more!
Parc Canberra strikes the perfect balance of a luxurious, family home. From its impeccable interior design and furnishes, spacious units that go up to five bedrooms, the neighbouring good schools to the wide variety of engaging activities you can do with your whole family – Parc Canberra is a place you’d want to be to after a long day at work or school and feel the love and warmth of family in a beautiful home.
Is this the dream home you’ve been looking for? If the answer’s yes, we can’t wait to make that come true for you. Contact our friendly customer care team at 6886 9009 now!
Best Mortgage Rate Across All Banks for Parc Canberra
Talk to our mortgage brokers with over 30 years of experience, guaranteed to get you the best home loan rate across all banks in Singapore. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.
Buyer’s Stamp Duty for Parc Canberra
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you opt to buy a four-bedroom unit at Parc Canberra to comfortably fit your growing family or planning to rent it out to families in the future and the price is at $1,458,450 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $42,938.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $640,000 | 3% | $19,200 |
| Remaining $458,450 | 4% | $18,338 |
| BSD Payable | $42,938 | |
Source: IRAS
Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!
Additional Buyer’s Stamp Duty for Parc Canberra
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying Parc Canberra
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,458,450 |
|---|---|---|
| If Parc Canberra is your second residential property | 12% | $175,014 |
| If Parc Canberra is your third or subsequent residential property | 15% | $218,768 |
ABSD for Singapore Permanent Resident when Buying Parc Canberra
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,458,450 |
|---|---|---|
| If Parc Canberra is your first property | 5% | $72,923 |
| If Parc Canberra is your second or subsequent residential property | 15% | $218,768 |
ABSD for Foreigners when Buying Parc Canberra
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,458,450 |
|---|---|---|
| Foreigners buying any property | 20% | $291,690 |
Agent Service for Home Buyers at $0 Agent Fee
Our real estate consultants will provide you insights about this new launch project and assist you with everything you need to know from Buyer’s Stamp Duty, Additional Buyer’s Stamp Duty, exercising the OTP to sealing the deal.
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