Most EC Owners From This Era Made A Lot Of Money. Why Didn’t This Project Keep Up?

Throughout our series analysing executive condominiums (ECs) in Singapore, the story of The Canopy, a 406-unit development in Yishun, is a noteworthy case for the EC market.

Launched for sale in November 2010, it entered the market after the Global Financial Crisis when the residential market in Singapore experienced an optimistic boom. At the time, interest rates fell to historic lows, liquidity flooded into the property market, and home prices began climbing rapidly.

Despite this buoyant sentiment in the housing market, the long-term performance of The Canopy has been rather muted compared to most of its EC peers. In this article, we’ll uncover the reasons for this, along with its resale performance since its sales launch over 16 years ago, and what buyers today should make of this development.

A snapshot of price performance at The Canopy as of end-2025.

Located on Yishun Avenue 11 in District 27, the project has a mix of two- to four-bedroom units. The Canopy was also completed in 2014.