The Watergardens at Canberra, a very unique upcoming Luxurious development by UOL Group Ltd in a young neighborhood, boosting a total of 448 residential units, 1- 4 Bedrooms and a Childcare Centre is expected to feature across 16 blocks of 5-storey building with 1 level of Basement Carpark.
With the smallest units being 2 bedders, developers are targeting the young families and multi-generational families.
What We Like
With a maximum of 5 floors per stack, this development eludes a very exclusive feel which personally we feel is very symbolic of a private property, furthermore, as this development is directly beside the landed enclave, there is no need for concern if this privacy will be compromised from surrounding towering developments.
Convenience to amenities is also a plus point as this development is of a closer proximity to Canberra MRT station and minutes walk to two shopping malls – Sembawang Shopping Centre and Canberra Plaza and the ever popular Chong Pang Market & Food Centre.
Schools around are aplenty with the more popular one being Chongfu primary and Chung Cheng High just 1 MRT station away.
The upcoming North-South Expressway, slated to be completed by 2026 will be a boon for both drivers and those working in the city area as travel time is expected to be cut short by 10-15 minutes.
With an expected launch price from $13XX – $14XX PSF, it is very competitively priced, slightly higher than recent new launch transactions in the area and significantly cheaper than recent OCR launches. Price is also further supported by recent resale transactions.
Furthermore by the time Watergardens TOP in 2025, surrounding condominiums would be 10-20 years old and with this age discrepancy, the allure for newer, more modern facilities at a very affordable price tag, will put Watergardens in a very good position on the desirability scale.
The TOP date also ties in very nicely to absorb demand from HDB upgraders from the recent BTO launches in Sembawang / Canberra / Yishun, potentially allowing investors an option for a quick exit depending on the market conditions at that point in time.
Internally, some units at Watergardens boost a Dumb-bell layout, which is our preferred layout as it is generally more space efficient, as the usual walkway space at the entrance or bedrooms will be minimized and utilized into livable space. Furthermore, the kitchen is enclosable which is not common in smaller units and is definitely a plus for families which do heavier cooking.
We can also see some of the developer’s attention to minute details such as the position of the ac ledge to allow windows at the toilets for natural ventilation and for the 3BR to have a sliding door for the study instead of the usual swing door to allow efficient utilization of space.
Given the current Work From Home (WFH) culture, maximizing livable space is definitely a priority for most.
Another huge plus point for us is having an industry leading developer by the likes of UOL and quality finishing is guaranteed.
What is Less Favorable
There is very little to dislike about this development but no project is perfect.
Unless you are someone who enjoys jogging within your condominium estate, facilities in our opinion are rather basic and sparse to say the least.
Furthermore, as the development is only 5 floors high, we maybe effectively wiping out a huge chunk of potential buyers in the resale market who value higher floors.
Should You Consider The Watergardens at Canberra
This development definitely meets the requirements of most home buyers which are close proximity to an MRT and quality amenities. Upside potential for this region is there given the infrastructure already put in place and we feel the government is focusing on the North, North-east region in the coming years.
With current Government Land Sales (GLS) hitting new highs in the OCR region an entry price of 13XX – 14XX PSF is a good entry price for home buyers seeking to enter the private residential market.
Hope you have enjoyed our sharing and do reach out if you would like to further discuss this project in detail. Otherwise, we do appreciate a Like and Share!
Check out our reviews of other upcoming new launches which we feel are value for your money.