\n<\/p>\n
In view of the policy changes, analysts said developers could be more cautious in their bids for Canberra Drive.<\/p>\n
Ms Wong Siew Ying, head of research and content at PropNex, said developers are likely to factor in assumptions on how the new measures could potentially shift EC demand dynamics<\/p>\n
For instance, the allocation of 90 per cent of EC units to first-timers for a priority period of two years may slow the initial take-up rate at the project, given that second-timers used to account for up to 30 per cent of sales within the first month of project launch, she said.\u00a0<\/p>\n
With the MOP extended from five to 10 years, developers may assume that EC demand could soften slightly, as some prospective buyers could be deterred by the longer MOP, she added.<\/p>\n
She estimated that the Canberra Drive site may see two to four bids, with a top bid land rate at around S$620 psf ppr to S$660 psf ppr.<\/p>\n
Other analysts had slightly wider projections, suggesting bids could start between S$600 and S$650, and up to S$700 psf ppr.<\/p>\n
This is slightly lower than the past two tenders at Miltonia Close and Woodlands Drive, which had top bids of S$732 psf ppr and S$794 psf ppr, respectively.<\/p>\n
Both those sites had three bids each. They were also bigger developments \u2013 Miltonia Close had a site area of 15,451 sqm, while Woodlands Drive had a site area of about 26,980 sqm. \u00a0<\/p>\n
Ms Wong said some developers may not be keen on the Canberra Drive plot in view of its small development size.<\/p>\n
Others, like ERA\u2019s Mr Lim, said the lower capital exposure could attract small- to mid-sized developers seeking controlled risk entry into the EC market.<\/p>\n
Without the Deferred Payment Scheme, and with first-timers making up a larger share of initial new launch buyers, future ECs may attract a more price-sensitive crowd, he added.<\/p>\n
This should prompt developers to bid more cautiously, as higher land costs will make it harder to align EC prices with what buyers can realistically afford, he said.\u00a0<\/p>\n
\u201cWe could also see a wider bidding gap emerge as developers gauge the market before new EC pricing benchmarks take shape.\u201d<\/p>\n
The tender will close at noon on Oct 1, 2026.\u00a0<\/p>\n<\/div>\n
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MORE CONSERVATIVE BIDS In view of the policy changes, analysts said developers could be more cautious in their bids for Canberra Drive. Ms Wong Siew…<\/p>\n","protected":false},"author":1,"featured_media":55498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/dam.mediacorp.sg\/image\/upload\/s---THWz5z---\/c_fill,g_auto,h_676,w_1200\/f_auto,q_auto\/v1\/mediacorp\/cna\/image\/2026\/05\/26\/image_2.png?itok=JuF-Auhd","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[904,16563,2672,3605,10469,1444,3607,208,17540,9074],"class_list":["post-55497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-news-sg-global","tag-analysts","tag-bids","tag-draw","tag-expected","tag-healthy","tag-interest","tag-land","tag-rules","tag-slightly","tag-tender","wpcat-2-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/55497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55497"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/55497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/55498"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}