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

The Canopy EC launched in 2010 close to D27 private home prices, limiting long-term growth to 3.9% annualised. Full analysis of its price history, profitability versus neighbouring condos and ECs, unit size comparison, and what the incoming Miltonia Close EC site means for buyers in 2026.

By Joey Peh

Published 9 June 2026, 8:24 PM SGT · 15 min read · 60

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.

Frequently asked questions

When was The Canopy launched for sale and when was it completed?

The Canopy was launched for sale in November 2010 and was completed in 2014.

How does the price performance of The Canopy compare to the overall private residential market in District 27?

The Canopy's price performance has been more muted compared to the broader private residential market in District 27, with a lower annualised growth rate of 3.9% versus 5.41% for the district's non-landed private market from 2010 to 2025.

What are the typical buyer profiles for The Canopy?

Buyers who prefer larger living spaces, seek lower quantum units, focus on own-stay use, expect fast resale gains, or want to be near MRT access and major malls are likely to be interested in The Canopy.

How do the resale prices of nearby condos compare to The Canopy?

Nearby condos like The Miltonia Residences, Symphony Suites, and The Wisteria have lower average transaction prices than The Canopy, which has an average price of about $1.31 million, making The Canopy more expensive in terms of total price despite similar or lower $PSF.

What is the price growth trend of The Canopy from its launch to 2025 compared to nearby ECs?

From its launch to 2025, The Canopy achieved an annualised price growth of 5.91%, outperforming nearby ECs like Signature at Yishun and The Criterion, which had growth rates of around 5.23% and 5.27% respectively.

Join 16,000+ readers on Telegram for new launches, price movements, and our analysis as we publish them. Subscribe on Telegram

Joey Peh

Data Analyst

Joey is a data analyst and licensed real estate agent with a passion for storytelling through numbers.