SkyPark Residences: Sembawang EC Now Fully Private at S$1,535 psf
Updated 2026-10-24
SkyPark Residences is a 506-unit executive condominium on Sembawang Crescent that reached full privatisation in 2023, opening sales to all buyers including foreigners. With 22 units currently listed at an average of S$2,180,389 and a major waterfront redevelopment planned nearby, the development sits at a turning point for the north of Singapore.
What is SkyPark Residences?
SkyPark Residences is a 506-unit executive condominium at Sembawang Crescent in District 27, completed in 2016 by Oasis Development on a 99-year lease from 2013. The development spans nine blocks and offers three-bedroom to five-bedroom units ranging from 1,152 to 1,711 square feet, including duplex maisonette layouts that are rare among executive condominiums of this generation.
The project passed its five-year Minimum Occupation Period in August 2021 and reached full privatisation ten years from lease commencement, in 2023. That milestone removed the remaining ownership restrictions, meaning units can now be sold to permanent residents and foreigners alike. Of the 22 current listings on Hombble, 21 are classified as executive condominiums and one as a condominium, reflecting this post-privatisation status.
Is SkyPark Residences for sale at a fair price?
The 22 units currently for sale carry an average asking price of S$2,180,389, which works out to about S$1,535 per square foot across an average size of 1,418 square feet. Recent completed transactions support that range: resale deals in 2026 have closed between S$1,412 and S$1,597 per square foot, with a five-bedroom 1,722-square-foot unit fetching S$2,750,000 in June and a four-bedroom 1,528-square-foot unit closing at S$2,280,000 in August.
These figures place SkyPark Residences below most private condominiums in the rest of Singapore but in line with other mature executive condominiums in the north. Buyers comparing similar developments in Sembawang and Canberra should note the larger unit sizes here. A typical three-bedroom at SkyPark starts at 1,152 square feet, roomier than many newer launches where three-bedroom units sit closer to 900 square feet.
Transport and getting around from Sembawang Crescent
Sembawang MRT station on the North-South Line is roughly 740 metres from the development, or about a nine-minute walk. The station puts Orchard Road 11 stops away and Raffles Place 14 stops away, with no line change required. Canberra MRT, one stop south, and Admiralty MRT, one stop north, are both within a short drive.
Drivers reach the city centre in around 25 minutes via the Seletar Expressway connecting to the Central Expressway. Sembawang Bus Interchange, next to Sun Plaza, serves multiple trunk routes. For daily errands, Sun Plaza and Sembawang Shopping Centre are the nearest retail options, both within walking distance.
Schools and amenities near SkyPark Residences
Families with primary-school-age children benefit from Sembawang Primary School sitting just 160 metres from the development, well within the one-kilometre priority enrolment band. Canberra Primary School and Wellington Primary School are both under one kilometre away. In total, more than ten primary schools fall within a two-kilometre radius.
Secondary options in the area include Sembawang Secondary School, Canberra Secondary School, and Northland Secondary School. Yishun Innova Junior College and Republic Polytechnic serve older students. Furen International School, roughly 630 metres away, provides an international curriculum option.
Sembawang Park, a short drive north along the coast, offers open green space and a seafront promenade. The development itself includes a 50-metre lap pool, children's playground, barbecue pavilions, a clubhouse, and a teahouse pavilion.
What the Sembawang Shipyard redevelopment means for residents
The URA Master Plan 2025 designates the Sembawang Shipyard site for transformation into a mixed-use waterfront district once shipyard operations wind down in 2028. The planned precinct will be roughly three times the size of Ang Mo Kio Town Centre, featuring sea-view housing, repurposed dry docks for public events, and commercial space including cafes and co-working facilities.
Separately, Sembawang North, a new 53-hectare housing area, will deliver close to 10,000 homes when fully built out, comprising about 8,000 BTO flats and 2,000 private units. These two projects will bring significant new infrastructure, retail, and public transport capacity to the area over the next ten to fifteen years.
For current SkyPark Residences owners and prospective buyers, the practical effect is a neighbourhood that is set to gain amenities, connectivity, and population density. Whether that translates into price appreciation depends on execution and timing, but the scale of planned investment in Sembawang is among the largest in Singapore's north.