New Condo vs Old Condo in Canberra - Who Will Huat More?

Added: 2026-06-02

[00:00:00]Hello everyone. Welcome back to my channel. Today, I want to discuss three condominiums located in the north.

[00:00:06]Specifically in the Canberra area.

[00:00:09]Here, I got an inspiration to create this content when I was in the north most recently for my regular morning run.

[00:00:15]While running around the Canberra neighborhood, I noticed quite a few resale condominiums in the area.

[00:00:20]And that made me curious enough to study their past performance.

[00:00:25]This also follow my earlier videos comparing condominiums in the Marine Parade area.

[00:00:30]As well as my most recent video on the Lentor condos.

[00:00:33]Here, I'm very sure many of you were quite surprised by some of their past performance shown in those videos.

[00:00:40]So once again, today we are going to compare three condominiums.

[00:00:44]This time in Canberra.

[00:00:45]We'll be looking at a mix of new, mature, and older condominium for this analysis.

[00:00:53]First up, we have none other than Water Garden at Canberra. This is a 99-year leasehold condominium with its lease commencing from 2020.

[00:01:01]It will be quite recently in 2024.

[00:01:04]The development comprise of 448 units ranging from two-bedroom to four-bedroom apartments.

[00:01:10]I can still remember when it was launched way back in 2021. At that time, the average selling price was around 1,422 per square feet. Sales was very strong and the project was fully sold quite quickly.

[00:01:23]Now, let's take a look at its current valuation. Today in 2026, the average price has risen to around 1,789 psf.

[00:01:32]Which is actually still cheaper than many new launch today.

[00:01:35]But most importantly, many owners are already seeing healthy profits.

[00:01:40]For example, some four-bedroom units make profit of around 424,000.

[00:01:45]Three-bedroom make around 238,000 and two-bedroom make around 193,000.

[00:01:50]In short, almost everyone make money or break what.

[00:01:57]Now, let's take a look at a mature condo known as Eight Courtyards.

[00:02:01]This is a 99-year leasehold condominium, but its lease started in 2010.

[00:02:06]This means the condo itself is already around 16 years old.

[00:02:09]There are a total of 654 units ranging from one-bedroom to four-bedroom apartments.

[00:02:15]Back in 2021, the average transacted price was only around 995 per square feet.

[00:02:20]Fast forward to 2026, the average price has increased to about 1,361 per square feet.

[00:02:26]They're actually quite impressive.

[00:02:28]Most transactions have been profitable as well. Although the asset profit depend on factors such as holding period, unit types, and entry prices.

[00:02:38]Lastly, let us talk about Eight Courtyards Sapphire.

[00:02:41]This is another 99-year leasehold condominium, but with its lease started from 1998. This means it's around 28 years old.

[00:02:49]Among the three condo, this is the oldest project.

[00:02:52]However, it also happened to be the closest to Canberra MRT station.

[00:02:56]The condo itself has a total of 380 units comprising two-bedroom to four-bedroom layout.

[00:03:03]One thing about older condo is that they are usually much more spacious.

[00:03:07]For example, a typical three-bedroom unit here is already around 1,152 square feet, which is considered huge by today's standard.

[00:03:15]Meanwhile, a four-bedroom unit measure around 1,378 square feet.

[00:03:19]Today, a four-bedroom unit cost roughly around 1.6 million or about 1,100 per square feet.

[00:03:26]That is almost half the price compared to some of the newer condos we see today.

[00:03:31]Anyway, back in 2021, the average PSF was only around 804 per square feet.

[00:03:36]Today in 2026, it's increased to around 1,107 PSF. All right, so much for the details. Let us summarize everything.

[00:03:44]Here, assuming you bought into Water Gardens at Canberra during its launch in 2021 at an average entry price of around 1,423 PSF, today you will likely be sitting on a gain of around 366 per square feet or approximately 26% capital appreciation.

[00:03:59]Now, let's say you instead you choose the 16 years old 8 Courtyard instead.

[00:04:04]Your entry price back then was below 1,000 per square feet.

[00:04:07]Today, you will have enjoyed around 37% capital appreciation over the same period.

[00:04:13]Lastly, for those who prioritize space and do not mind an older condominium, you should Safire could have been another interesting option.

[00:04:20]For roughly the same budget, you could buy a much larger apartment while still enjoying around 38% capital appreciation over the same period.

[00:04:29]So, what can we conclude from this very straightforward analysis?

[00:04:34]Firstly, can we safely say that mature condos like 8 Courtyard has outperformed newer condos such as Water Garden at Canberra?

[00:04:43]Secondly, can we also say that older condo like Yishun Safire can still perform relatively well despite concern over its lease decay?

[00:04:52]There you go. If you're staying in an older condominium, what is your thought on this?

[00:04:56]Here, I got this feeling this scenario has already been replaying in all other parts of Singapore.

[00:05:03]Here, do you agree with me?