Singapore Launch Condo (SLC)

The Brownstone EC is an upcoming Executive Condominium which will establish in June / on the market July 2015. It is anticipated to be highly sought after as it's going to be less than 3 minutes walk from the future Canberra MRT station.

For an EC to be a walking distance to the MRT station is extremely rare. In fact just one EC out of  the the past five years has that unique distinction, The Esparina at Sengkang, that started in 2010. There's been none so close since then.

There will not be such a huge difference between other new executive condominium costs and The Brownstone EC. Which means that the upside potential when it finishes its MOP and may be resold, could be greater.

Why Buy The Brownstone EC?

  1. The Brownstone EC is An Excellent Investment around $200K to $300K) more affordable than similar new private condominiums.
  2. First time buyers qualify for up to $30,000 CPF housing grant.
  3. Historically executive condominiums, of all residential property types have reached the most capital appreciation. Not only do they go consistent together with the overall marketplace, in addition they have greater increase as they bridge the difference with costs of private condominiums from the 5th year onwards following the MOP (Minimum Occupation Period before you can sell or rent out).
  4. The Brownstone EC will probably start around $8xx PSF. That is a whopping $450 PSF reduction at least comparing to the North Park Residences.

The Brownstone EC is situated in the corner of Canberra Lane, Canberra Drive, and Canberra Link, next to the future Canberra MRT station.\

The Brownstone EC lies within a predominantly residential neighbourhood that, to date, is predominantly private home. The closest condominiums contain the low-rise The Nautical as well as Canberra Homes, as well as the landed residential Sembawang Springs Estate at Jalan Sendudok.

One train stop upward is Sun Plaza shopping centre at Sembawang MRT station. One stop down, will be North Point City, the largest shopping mall in the North, which integrates enormous array of stores & F&B outlets., library, supermarket, banks, and a community club

Only 2km down Sembawang Road, within easy cycling distance, is the quiet, pastoral, breezy allure of Sembawang Park as well as the shore.

And however, from Canberra MRT station to Orchard Road, is only a 27 minute train ride.

2 Bedrom 42 approx. 730-850sqft
3 Bedrom 282 approx. 900-1090sqft
3 Bedroom Premium 146 approx. 980-1090sqft
4 Bedrom 162 approx. 1090-1400sqft
5 Bedrom 6 approx. 1670-1710sqft

The Brownstone EC
Property Name The Brownstone EC
Address Canberra Ln
District No. 27
No. of Blocks 8 Blocks of 10­-12 storey
Total Units 638
Estimated TOP 1Q 2018
Developer Canvey Developments Pte Ltd (The Brownstone is another development brought to you by City Developments Ltd and TID Pte Ltd)
Tenure/Status 99 years wef 28 April 2014
Plot Size 307,447 sqft

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