At the time of this writing, transaction data for The Visionaire has yet to be released. Indicative prices however peg 2BR units at $598K. This is a little higher than what is expected of an EC in a far-flung area, but given its smart features and that the entire development is the first to be built with this, prices are somewhat more justified.
People whom aren’t interested in living in a smart unit can opt for a typical unit and these units will presumably be lower in quantum as the smart features are considered as add-ons.
Furthermore, the higher pricing takes into consideration that the upcoming MRT station is a five minute walk away from it. When the MRT station is up, resale value of a unit in the Visionaire within the 10 years and after the tenants have fulfilled the minimum five year MOP will fetch a higher quantum.
After the 10 years is up, it is likely prices will sky rocket over the current indicative prices of $1m for the bigger units, once the EC becomes a condominium and the buyer pool extends out from just Singaporeans and PRs to foreigners as well.
The Visionaire already have some of the higher priced EC units thus far. Indicative prices for its 3 & 4BR CoSpace and 4BR units are above $1m so for people who want to live in the relative quiet of Canberra Link and take advantage of the upcoming MRT station should consider purchasing a unit at The Visionaire now before prices increase further.
Rental
Rental yield in Canberra Link is at a low 2.38% according to URA. The reason for this is other than Canberra Residences, there’s nothing else there but private houses to its east. Also, the out of the way location and distance from current closest MRT station – Sembawang – makes driving a n
They are 10 block of 9 storey and 6 block 11 storey .
Estimated Site 28.745.90sqm
632 units
TOP estimated October 2018
Maintenance ranges $300/- to $350/-
2 bed rooms from 721sqft to 850sqft
3 bed rooms from 850sqft to 1152sqft
4 bed rooms from 1141sqft to 1550 sqft
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