Brownstone EC | Canberra EC

New Executive Condominium @ Canberra MRT Station . Canberra EC by CDL

The Brownstone EC is a new Executive Condominium that launched for booking recently. This Canberra EC is well sought after, as it is less than 3 minutes walk from the upcoming Canberra MRT station, to be ready just a year after the Brownstone EC completes, and is by a brand name developer, City Developments. In fact, it is the best selling of all the ECs currently.

The Brownstone EC Pool & ClubhouseThe Brownstone EC :: New Canberra EC by CDL

The Brownstone EC is located at the corner of Canberra Drive, Canberra Lane, and Canberra Link, next to the future Canberra MRT station.

For an EC to be within 3 minutes walk of an MRT station is very rare. In fact only one other EC out of all the launches in the last 5 years has that distinction, The Esparina at Sengkang, that launched in 2010. There has been none so close since then.

In the private condominium market, the pricing between a condo within 5 minutes walk of an MRT station, and those further out, is about 25%. Take for example, North Park Residences just one train stop down, at Yishun MRT station. It is selling at around $1,350 PSF. Symphony Suites just 1km away, is averaging $1,050 PSF.

North Park Residences at Yishun MRT station averaging $1,350 PSF

North Park Residences at Yishun MRT station averaging $1,350 PSF

There won’t be such a big difference between the Brownstone EC and other new executive condominium prices. Which means that the upside potential when it completes its MOP and can be resold, could be greater.

Please register here to get a copy of the Brownstone EC Brochure, Floor Plans, Pricing and Latest Updates as soon as available.

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The Brownstone EC :: Canberra MRT Station Location

Canberra EC . The Brownstone EC . Canberra MRT Station Location

The Brownstone EC . Canberra EC Location

  1. This Canberra EC lies within a mainly residential neighbourhood that, to date, is mainly private housing. The nearest condominiums include the low-rise Canberra Residences and The Nautical, and the landed residential Sembawang Springs Estate at Jalan Sendudok.
  2. One train stop up is Sun Plaza shopping centre at Sembawang MRT station. One stop down, will be North Point City, the biggest shopping mall in the North, which incorporates a community club, library, supermarket, banks, and huge range of shops & F&B outlets.
  3. Just 2km down Sembawang Road, within easy cycling distance, is the quiet, rustic, breezy charm of Sembawang Park and the beach.
  4. And yet, from Canberra MRT station to Orchard Road, is just a 27 minute train ride.

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The Brownstone EC Kids Splash Pool and ClubhouseArtist’s Impression :: The Brown Stone EC Kid’s Splash Pool with Clubhouse :: CLICK TO ENLARGE

Why The Brownstone EC is a Good Investment

  1. 15 to 20% (ie. around $200K to $300K) cheaper than similar new private condominiums.
  2. First time buyers are eligible for up to $30,000 CPF housing grant.
  3. You do not pay any agent’s fee or commission.
  4. Historically of all residential property types, executive condos have achieved the most capital appreciation. Not only do they move in line with the general market, they also enjoy greater gain as they bridge the gap with prices of private condos from the 5th year onwards after the MOP (Minimum Occupation Period before you can sell or rent out).
  5. North Park Residences, one train stop down and also around 3 minutes walk from Yishun MRT station (albeit sheltered walking) launched to overwhelming response recently, at around $1350 PSF. Within a couple of weeks of the launch, it had already sold 50% of its 920 units. The Brownstone EC is priced at around $820 PSF. That’s a whopping $450 PSF discount at least.
  6. If you are one of the fortunate ones who qualify to buy an EC now, this Canberra EC makes a lot of sense. Just drop us a note below if you would like to know more, or to be kept updated.

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SHOWFLAT VIEWING · E-APPLICATION

If you would like to be kept posted on all the Brownstone EC updates or register for showflat viewing, please email us here.

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Brownstone Showflat Viewing Response

The Brownstone Showflat Opening :: News Report on Response

Channel News Asia reported that CITY Developments received a relatively strong response to its Brownstone showflat opening weekend.

The Brownstone executive condominium received a healthy number of over 300 e-applications at its launch weekend of 10 to 12 July 2015. Some 2,000 visitors thronged its sales gallery.

The Brownstone Showflat Opening Launch Weekend ResponseThe Brownstone Showflat Viewing :: Brownstone EC Model

This was despite a highly competitive market with a number of new EC launches in recent months.

One factor in favour of the project in Canberra Drive is that it is the only new EC directly next to an MRT station. The upcoming Canberra MRT station should be ready the same year that the Brownstone EC is completed.

The project’s pricing may be another factor supporting demand. Indications put the pricing at $599,000 to $680,000 for a 2-bedroom flat, $699,000 to $820,000 for a 3-bedder, $869,000 to $990,000 for a 4-bedder and $1.318 million to $1.38 million for a 5-bedroom penthouse.

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Mr Chia Ngiang Hong, CDL’s group general manager said: “In a highly competitive market, homebuyers have a wide range of new EC projects to select from. The strong response to The Brownstone shows that there is inherent demand for a well-located EC with strong potential appreciation. The north of Singapore is a new growth area, poised for transformation into a lifestyle and commercial hub.”

The Brownstone is CDL’s 7th EC project. CDL is developing it together with a related subsidiary company TID, a joint venture between Hong Leong Group and Mitsui Fudosan.

The 638-unit Brownstone EC will have a textured, brown sandstone-like facade with unique jetty balconies.

Applications for eligible EC buyers can be made from July 10-20 and bookings will be conducted on Saturday, July 25.

Actual pricing will be released closer to the booking date.

As reported by Channel News Asia & The Straits Times on 12 July 2015. (Opens in new window.)

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THE BROWNSTONE SHOWFLAT VIEWING

For details or Brownstone showflat viewing, please email us here.

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OTHER DEVELOPER LAUNCHES

Lake Grande condo . Jurong Lake District . VIP Preview & Launch Q1 / Q2 2016 @ Lake Grande showflat . 5 mins walk to Lakeside MRT Station . 2 stops to Jurong Gateway

GEM Residences . City fringe condo . VIP Preview 2nd Q 2016 . Short walk Braddell MRT Station in Toa Payoh . See Gem Residences Showflat for viewing details

Stars Kovan Condominium + Shops . VIP Preview & Launch Q1 / Q2 2016 . 3 mins walk to Kovan MRT & Heartland Mall

Cairnhill Nine . New Orchard Road condo @ Cairnhill Road . VIP Preview & Sales early 2016 by developer Capitaland . From $1.35M up . See Cairnhill Nine price

The Brown Stone EC | Buying Guide

The Brown Stone EC FAQ (Frequently Asked Questions)

When is the Brown Stone EC open for booking?

TARGET PREVIEW DATES (Exact dates to be finalised)
Showflat Viewing: 10 – 20 July 2015
E-Application: Closes 20 July 2015
Price Release: 23 July 2015
Balloting & Booking: 25 July 2015

To register for the showflat viewing, or to do the e-application to register interest, just drop your contact details here.

The Brownstone EC | Brown Stone ECThe Brown Stone EC by CDL

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What must I do to book a unit at the Brown Stone EC?

You must fill in an application form and submit the relevant documents. If you drop us your contact details here, we will help you check your eligibility and arrange for your application.

All applications must be registered at the showflat computers (the only official e-application system), that are linked to the HDB system.

Note: Applications cannot be done via HDB website. Websites with online e-application forms are NOT linked to the HDB system either.

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Am I eligible to buy a unit at the Brown Stone EC?

You are if:
. You are a Singapore citizen and your partner is a Singapore citizen or PR.
. At least 21 years old.
. Your total household monthly income does not exceed $14,000.
. You form an essential family nucleus as defined by HDB.
. You & your partner have not bought a flat direct from HDB or with a grant more than once.
. None of your family nucleus has owned private property within the last 30 months.

That was the short answer; for detailed criteria including definition of a family nucleus, see The Brown Stone EC Eligibility.

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Can I buy the Brown Stone EC if I currently own a HDB flat?

Yes, if you
. Have not bought a flat direct from HDB or with a grant more than once.
. Have already stayed in your HDB flat at least 5 years if bought direct from HDB or with a grant.
. If your resale flat was bought without a grant, you must fulfil your MOP before the Brown Stone EC gets TOP.

You must also sell off your current HDB flat within 6 months of TOP of the Brown Stone EC.

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When can I sell or rent out my Brownstone EC unit?

. Can be sold to Singapore citizens or PRs after 5 years.
. Can also be rented out to anyone after 5 years.
. Fully privatized after 10 years. Can then be sold to anyone, including foreigners or developers.

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What benefits do 1st Timer Buyers get?

. May be eligible for the CPF housing grant, up to $30,000 to help pay the 15% downpayment.
. Priority in selecting a unit (70% of the units are reserved for 1st timers in the 1st month).

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Can 1st Timer Buyers ‘keep’ the Housing Grant for use in the next BTO / EC purchase instead?

  • No. The CPF Housing Grant cannot be kept for the next BTO / EC purchase.
  • Furthermore, even if you don’t take the grant to buy your Brownstone EC unit, you will still be subject to the resale levy if you buy a new BTO / another new EC in future.
  • So if you are eligible, it is best to avail yourself of the CPF Housing Grant now.

See details on the amount of CPF Housing Grant, and eligibility, at this link (opens in new window).

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What benefits do 2nd Timer Buyers get when buying the Brown Stone EC?

  • Buyers with existing housing loan may still get up to 80% loan even if you have an existing housing loan (unlike for private condos).
  • Not affected by the CPF Minimum Sum rule when using your CPF funds.

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What’s the payment schedule like for the Brown Stone EC?

If you opt for Normal Payment Scheme (NPS):

  • First 5% cash (via a cheque) at the time of booking a unit.
  • Next 15% within 9 weeks (typically) of booking a unit. This 15% can be from the CPF Housing Grant, or from your CPF funds, or from your savings.
  • The remaining 80% can be from CPF funds, bank loan, or cash. This is payable progressively, which means you (or the bank from which you take the loan) disburses the money as and when construction work reaches certain stages. If you take a loan, your monthly instalments start relatively small and gradually increase.

If you opt for Deferred Payment Scheme (DPS) (purchase price is around 2 to 3% higher):

  • First 5% cash (via a cheque) at the time of booking a unit.
  • Next 15% within 9 weeks (typically) of booking a unit. This 15% may be from the CPF Housing Grant, or from your CPF funds, or from cash.
  • Neither you nor the bank (if you are taking a loan) pays anything till the project completes. At that point, upon TOP, you / your bank will need to pay another 65% of the purchase price. So your mortgage repayments start at this point, based on whatever the bank disburses.

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Do I have to pay any admin charges or commissions or agent fees?

No, there is no charge at all. We provide you all the information, and help you book your unit directly from the Brown Stone EC developer, at no charge. No obligation either.

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THE BROWN STONE EC . E-APPLICATION

For queries on the above, or to register for updates / e-application, or for a showflat viewing, please email us here.

(Fields marked with * need to be filled in. We respect your privacy and will not spam you.)

Name *
Email *
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You want to  Request Brochure / Floor Plans
 View showflat
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