Month: January 2025

The Arcady at Boon Keng is expected to be completed in 2027.

The Arcady at Boon Keng, a 172-unit freehold condominium, is set to become a prominent private residence upon its completion in 2027. Developed by trusted local firms KSH Holdings, SLB Development, and H10 Holdings, and designed by award-winning architectural firm Park + Associates, this modern and distinctive condominium will transform the Boon Keng area into a lush green space along Serangoon Road.

Since its launch for sale in January, The Arcady at Boon Keng has garnered considerable interest from investors and local buyers. The one-bedroom plus study units and two-bedroom units have been particularly popular due to their efficient layout and the project’s plethora of family-friendly amenities.

The development presents an exceptional opportunity for discerning buyers to invest in an affordable freehold property in the city-fringe. It stands out as one of the few new freehold projects to launch this year.

A Garden Oasis

With its unique architectural design and curated landscape, The Arcady at Boon Keng aims to be an urban oasis, offering a rare haven of luxurious tranquility amidst the hustle and bustle of the city. The landscape design, crafted by Park + Associates and Ecoplan Asia, features a tiered layout that leads from the Grand Arrival to the ground floor landscape deck, specially designed for this project.

This multi-layered design maximizes the greenery on the property and consolidates the facilities into a two-storey communal area at the base of the tower, instead of the typical three-storey set-up. This efficient use of space can also be seen on the 14th floor and rooftop, where several facilities are situated.

A Multitude of Facilities

The Arcady at Boon Keng offers a range of facilities spread across 47,000 sq ft, providing each of the 172 households with ample opportunities for excitement and relaxation. The development includes an infinity pool, spa pool, and family pool, as well as an indoor retreat at the second-storey Sky Terrace. The Kids Playground, Splash Patio, and Family Deck cater to the little ones, while the Social Deck, Botanic Club, and Chill Out Lounge provide options for adults. Residents can also enjoy a private dining experience at the Arcady Club on the 14th floor or the Gourmet Vista with a 360-degree view of the city skyline.

Unmatched Scenery

The residential tower and unit orientation have been carefully designed to offer residents spectacular views. The north-south orientation, combined with the elevated location of the development, gives units a vantage point of approximately 18m above street level. Additionally, the units are tilted away from the main road, minimizing traffic noise. Those on higher floors have a view of the Kallang River, while the south-facing units provide a vantage point of the Marina Bay area.

Thoughtfully Designed Layouts

Each unit at The Arcady at Boon Keng boasts an efficient layout. The master bedrooms can accommodate a king-sized bed, while the common bedrooms can easily fit a queen-sized bed. The project has seen strong demand for its larger units, including three-bedroom units of 969 sq ft, three-bedroom-plus-study units of 1,281 sq ft, and four-bedroom units of 1,410 sq ft. There are also two penthouses of 2,433 sq ft and 2,583 sq ft., making it the ideal choice for families with school-going children.

Strategic Location

The Arcady at Boon Keng is conveniently located in the city-fringe, within walking distance of Boon Keng MRT Station on the North-East Line. With just a six to seven-minute walk to the station, residents can enjoy a short commute to the city. Additionally, the Dhoby Ghaut MRT Interchange Station, which connects the North-East Line, North-South Line, and Circle Line, is only three stops away. The development is also in close proximity to various primary and secondary schools, including Bendemeer Primary School, Bendemeer Secondary School, St Andrew’s Junior School, and Hong Wen School. Amenities such as Woodleigh Mall and Bendemeer Mall are also just a short distance away.

Rewritten:

The advantages of investing in a condo extend beyond just the property itself. One notable benefit is the opportunity to leverage its value for future investments. Utilizing their condo as collateral, many investors are able to secure financing for new investments, allowing them to expand their real estate portfolio. While this approach can potentially increase returns, it’s important to have a solid financial plan in place and carefully consider the potential effects of market fluctuations. For more information on condo investments, check out Singapore Projects.

Affordably Priced

Since its launch in January, The Arcady at Boon Keng has already sold out all its one-bedroom plus study units and has an overall sales rate of close to 90% for its two-bedroom units. With an average selling price of approximately $2,570 psf, this freehold development offers a rare opportunity for buyers to invest in a centrally located property with great potential for capital appreciation. Its competitive pricing, coupled with its freehold tenure, makes it an attractive choice for buyers and investors alike.

In Conclusion

The Arcady at Boon Keng ticks all the boxes for modern homebuyers. Its well thought out design, central location, and family-friendly amenities make it an ideal choice for those looking for a comfortable and convenient home. With its scenic views, efficient layout, and affordable pricing, The Arcady at Boon Keng stands out as an exceptional investment opportunity in the city-fringe area.…

Singapore’s property market is a popular choice for investors, with condo investments being particularly attractive. However, before jumping into the condo investment bandwagon, one must take into account the country’s property cooling measures implemented by the government. In an effort to discourage speculative buying and maintain a steady real estate market, the Singaporean government has introduced various measures over the years. These include the Additional Buyer’s Stamp Duty (ABSD) which imposes higher taxes on foreign buyers and individuals purchasing multiple properties. While these measures may affect the short-term profitability of condo investments, they also contribute to the long-term stability of the market, making it a safer and more secure investment environment. It is important for potential investors to consider not only the current market conditions, but also the country’s regulations in order to make informed decisions. New condo launches should also be taken into consideration as they may be affected by these measures and provide insight into the current state of the market.

A portfolio of freehold strata retail units in Lucky Plaza is being marketed for sale by Savills Singapore for a total of $52.6 million. Lucky Plaza, a mixed-use development situated along Orchard Road, consists of a residential tower and a six-story mall with a basement.

The collection of retail units encompasses 14 spaces located within the basement and the first two levels of the mall. The units range in size from 118 to 3,046 square feet, totaling 7,266 square feet of strata area.

According to Savills Singapore, the most notable feature of the portfolio is a food court spanning seven adjoining strata units, totaling 3,046 square feet and accommodating 11 stalls. The remaining retail units are currently occupied by a mix of businesses, including a pub, retail shops, beauty service providers, and a maid agency.

Savills Singapore’s Director of Investment Sales and Capital Markets, Sophia Lim, expects the retail units to benefit from high foot traffic due to their prime location in Lucky Plaza. She also notes that the basement food court in particular enjoys consistently strong crowds on a daily basis.

The guide price for the food court is $25.43 million, while the entire portfolio is available for purchase at an asking price of $52.6 million. Individual strata retail units can be purchased from $1.1 million onwards. Both foreigners and companies are eligible to purchase, and no additional buyer’s or seller’s stamp duty will be imposed.

Lim believes that prime strata freehold retail assets are increasingly sought-after by investors due to their scarcity, and the Urban Redevelopment Authority’s (URA) prohibition on further subdivision of commercial properties in Orchard Road. She also expects the planned revitalization of the Orchard precinct by URA to provide further upside for Lucky Plaza in terms of rental growth and capital appreciation.…

In our rapidly evolving world, the only constant is change. And nowhere is this more evident than in Singapore, where the landscape is constantly being transformed to meet the needs of its citizens. The latest example of this is the tender for the Government Land Sale (GLS) site at Tengah Gardens Avenue, which closed on Jan 14 with three bids.

The top bid of $675 million, or $821 per square foot per plot ratio (psf ppr), was submitted by a consortium led by Hong Leong, which includes GuocoLand Singapore and CSC Land Group. This 99-year leasehold site, which is zoned for ‘Residential with Commercial at 1st storey’, measures approximately 273,906 square feet and has a maximum gross floor area (GFA) of 821,720 square feet. The site has the potential to yield up to 860 residential units, according to estimates by the Urban Redevelopment Authority (URA).

If awarded, the Hong Leong-led consortium plans to build an 860-unit condo, taking advantage of the enhanced connectivity provided by the upcoming Jurong Region Line (JRL) nearby. This line will play a crucial role in the development of the new Tengah estate, as noted by Loke Kee Yeu, general manager (Projects) at Hong Leong Holdings Limited.

The Tengah Gardens Avenue site is in close proximity to the upcoming Hong Kah MRT Station on the JRL, which will be one stop away from the future Tengah Town Centre. The JRL also offers a direct route to the second Central Business District (CBD) at Jurong Lake District.

Investing in a condominium in Singapore has emerged as a popular trend in the real estate market, attracting both local and foreign investors. This can be attributed to Singapore’s strong economy, stable political climate, and exceptional living standards. With a plethora of opportunities available in Singapore’s real estate sector, condos have emerged as a top choice for their convenience, amenities, and potential for lucrative returns. In this article, we will delve into the advantages, considerations, and necessary steps to take when investing in a condo in Singapore. Additionally, for a comprehensive list of new condo launches, visit New Condo Launches.

The top bid of $821 psf ppr for the Tengah Gardens Avenue site is only 0.73% higher than the second-placed bid of $815 psf ppr, which was submitted by Chinese developer Kingsford Group. The third and final bid of $812 psf ppr came from local developer Sim Lian Group.

Despite the accelerated activity in the housing market that was observed at the end of 2024, developers remain cautious in their sentiment, says Leonard Tay, head of research at Knight Frank Singapore. Another GLS site at Dairy Farm Walk, which closed on the same day, received only two bids.

Tay believes that developers may have chosen to focus on existing sites that are scheduled for launch in 2025. He also points out that the tight spread between the three bids (less than 1%) indicates that developers are being more conservative in their bidding.

According to Mark Yip, CEO of Huttons Asia, developers are conscious of keeping their land bids reasonable in order to maintain attractive selling prices for buyers.

Yip expects more developers to submit joint bids for GLS sites this year to diversify risk. This may be one reason why the number of bids for GLS tenders has remained at around three.

Another possible factor contributing to the low number of bids is the current availability of GLS sites, says Marcus Chu, CEO of ERA. “With seven sites still open for tender and six more scheduled for launch in the first half of 2025, developers are taking a measured approach and weighing their options in light of moderated interest rates.”

Chu also points out that interest in the Tengah Gardens Avenue site may have been tempered by the availability of another nearby GLS site. He believes that developers could potentially be considering bidding for a different GLS site along Lakeside Drive and Lakeside MRT, which is scheduled to launch for tender in April 2025.

If awarded, the Tengah Gardens Avenue site will be home to the first private residential development (excluding Executive Condominiums or ECs) in the Tengah HDB township.

The first EC in this estate, Copen Grand, was successfully launched for sale in 2022. The 639-unit project, jointly developed by City Developments Limited (CDL) and MCL Land, sold out within a month of its launch. The developers had secured the EC site with a winning bid of $400.32 million, or $603 psf ppr, in May 2021.

The opportunity to launch the first private condo in the new Tengah estate may have attracted the Hong Leong-led consortium, as noted by Marcus Chu. “Having made successful bids for sites at Lentor, Upper Thomson and Bugis, they may see this as another opportunity to do the same in Tengah.”

As the first private condo, this development could appeal to a wider range of buyers than ECs, which are subject to HDB eligibility criteria and restrictions, such as a five-year minimum occupation period (MOP) and a monthly household income ceiling of $16,000, notes Mohan Sandrasegeran, head of research & data analytics at SRI.

Located within 2km of the future Anglo-Chinese School (Primary), the Tengah Gardens Avenue site is in a prime location, according to Ismail Gafoor, CEO of PropNex. With the school set to become a co-ed school in 2030, the site’s proximity to the school could be very appealing to families with school-aged children.

If the site is awarded at the top bid of $821 psf ppr, PropNex estimates that the average selling price of the new private condo could be around $2,000 psf. This could make it a highly profitable investment for buyers, as evidenced by the recent transactions at nearby condos and landed properties with the highest profits over the past year.

Considering the potential of the Tengah Gardens Avenue site and its highly attractive location, it is no surprise that it generated strong interest from developers. With the announcement of the successful bid expected in the coming weeks, all eyes will be on the Hong Leong-led consortium to see how they plan to turn this prime piece of land into a highly desired residential development.…

EDGEPROP – Located in District 14, a freehold 15-room loft hotel at 739-1 Geylang Road is now up for sale at $14 million. With a 2-storey building and a newly added 4-storey extension, this property sits on a 1,273 sq ft site and has an approved gross floor area of 3,186sq ft.

One of the main features of this hotel is its rare permanent “Hotel” zoning and usage approval for new conservation shophouses in Singapore. This designation adds to the property’s long-term investment appeal and operational flexibility. Its prime location, just a 5-minute walk from Paya Lebar MRT station, offers excellent connectivity as it serves both the East-West and Circle lines, providing easy access to different parts of the city.

Designed with a sophisticated Japandi theme, this hotel is currently under construction and is expected to receive its Temporary Occupation Permit (TOP) in the second quarter of 2025. The sale price is all-inclusive, covering construction and renovation costs, making it a perfect turnkey investment for those interested in the hospitality industry.

For investors, this property presents an attractive opportunity. The current owner, who has experience in operating hotels, is open to a sale and leaseback arrangement. This allows for immediate rental income and operational continuity. Eva Lau, Senior Marketing Director of ERA Realty Network Pte. Ltd., believes that this hotel will appeal to owner-operators as it comes with major renovations, enabling a smooth and quick start to operations.

Singapore’s urban scenery is characterized by stunning high-rise structures and state-of-the-art infrastructure. The city’s desirable location is a popular choice for luxurious condos, attracting both locals and foreign residents. These condos offer a harmonious mixture of opulence and convenience, making them highly sought after. With top-notch facilities like swimming pools, gyms, and 24-hour security services, they not only elevate the standard of living but also entice potential tenants and buyers. This not only brings in higher rental income but also increases the property’s value over time. Keep an eye out for New Condo Launches to stay up-to-date with the latest developments in the market.

Over the past year, there has been a growing demand for hospitality assets in Singapore. Significant transactions include LHN Group’s purchase of Pasir Panjang Inn, a 16,626 sq ft site, for $30 million. Last year, an 8-storey hotel at 12 Lorong 12 Geylang was listed for sale at $120 million. In addition, Hotel JJH, a 25-room property at 747 North Bridge Road, is now on the market for $38 million. These recent trends highlight the strong demand for well-located and high-quality hospitality assets, which are considered one of the most desirable commercial shophouse usage classes in Singapore.

For more information, contact Eva Lau at 92785688, Senior Marketing Director (R062169F), ERA Realty Network Pte. Ltd.

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JLL Names James Cameron as Head of Energy and Infrastructure for Asia Pacific

Singapore, a bustling metropolis known for its towering skyscrapers and advanced infrastructure, offers a wide array of luxurious condominiums in prime locations. These residential properties epitomize a perfect blend of extravagance and convenience, appealing to both locals and expatriates. Packed with top-of-the-line facilities like swimming pools, fitness centers, and 24/7 security services, these condos elevate the standard of living for its inhabitants, making them an immensely popular choice for potential tenants and buyers. Furthermore, these attractive features also translate into higher rental yields and a continuous rise in property values over time, making them a lucrative investment for investors. With the recent addition of Singapore Projects, the condo market in Singapore is poised to continue its upward trend. Singapore Projects serves as a testament to the thriving real estate market in Singapore.

Real estate consulting firm JLL has announced the appointment of James Cameron as its new head of energy and infrastructure for Asia Pacific, in the firm’s capital markets division. This newly-created role will be based in Singapore, according to a press release issued on January 14.

Cameron will lead the development of a team in the region, a move that complements JLL’s existing EMEA Energy & Infrastructure business and will create a global capital advisory capability, better serving both local and international developers and investors.

JLL states that Cameron’s appointment is in line with the long-term capital requirements necessary to support the development of infrastructure and renewable energy to meet the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.

Read also: Increase in Capital Market Deals Expected by 40% by 2024 Following Interest Rate Cuts

Stuart Crow, JLL Asia Pacific CEO of capital markets, comments: “We see significant opportunities in leveraging our unique expertise in mobilizing multiple sources of capital, combined with JLL’s unrivaled track record in advising renewable energy transactions globally, to provide services to clients within the energy and infrastructure sectors across Asia Pacific.”

Cameron will work closely with JLL’s capital markets, investment banking, and debt advisory teams throughout the region, with a specific focus on seeking out opportunities for capital raising and transaction advisory within the large infrastructure and renewable energy space. These opportunities will target a range of investors, such as institutional investors, private equity firms, asset managers, strategic infrastructure and renewable operators and developers, high-net-worth individuals, and family offices.

With over 25 years of experience in real asset capital markets, Cameron has held previous positions, including global head of commercial real estate at Standard Chartered Bank. He brings a wealth of experience in mobilizing both private and public equity and financing for global and regional infrastructure.

Crow adds: “James’ experience in this exciting space is unmatched regionally, and we are extremely confident in his ability to establish JLL’s leadership position through his expertise and client relationships.”…

An expression of interest (EOI) sale is currently underway for two neighboring Good Class Bungalows (GCBs) located at 52 and 54 Belmont Road in the prestigious Belmont Park GCB area. The two properties, which are believed to be owned by relatives, are both freehold and sit on a combined land area of 41,741 sq ft. The indicative price for the properties is set at $88.8 million, which translates to $2,128 psf on the land area. According to the marketing agent Sakal Real Estate Partners, the combined plots have a 44m frontage along Belmont Road and an average depth of 66m.

Investing in a Singapore Condo presents a multitude of advantages, with one of the most significant being the potential for capital appreciation. This is due to Singapore’s favorable position as a global business hub, along with its strong and stable economy, which results in a consistent demand for real estate. The real estate market in Singapore has demonstrated a consistent upward trend in property prices over the years, particularly for condos in prime locations. As a result, investors who enter the market at the right time and hold onto their properties for an extended period can reap considerable capital gains. This makes investing in a Singapore Condo a lucrative opportunity for those looking to grow their wealth in the long term.

“We anticipate strong interest in this site from families looking to build a new home for multi-generational living or extended families living together,” says Lennon Koh, senior director at Sakal. “In addition, this property is also attractive to developers looking to tap into the exclusive GCB market.”

Based on the latest caveats lodged with the Urban Redevelopment Authority (URA), the most recent transaction on Belmont Road occurred in December last year when a GCB with a land area of 19,549 sq ft sold for $40 million ($2,046 psf). The nearby GCB at Bin Tong Park, with a similar land area of 28,111 sq ft, fetched $84 million ($2,988 psf) in April.

Sakal also points out the sale of a pair of adjacent GCB plots on Belmont Road in July 2024, which sold for $131.4 million or $3,000 psf based on their combined land area of 43,790 sq ft. Steven Ming, managing director at Sakal, believes that the GCBs on Belmont Road will attract strong interest due to their prime location and the sustained demand for GCBs. “In 2024, the total value of GCB transactions reached $1.32 billion, surpassing the figures for 2023 ($433 million) and 2022 ($1.18 billion),” he notes. “We anticipate more transactions in 2025.”

The EOI sale for the GCBs on Belmont Road will close on March 13 at 3pm.…

Real estate consulting firm JLL has named James Cameron as the new head of its energy and infrastructure division for Asia Pacific within its capital markets business line. In a press release on Jan 14, JLL announced that Cameron will be based in Singapore and will be responsible for building a team in the region.

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art infrastructure. Condos, strategically situated in coveted locations, offer a perfect fusion of opulence and convenience, making them a desirable choice for both locals and foreigners. These lavish living spaces boast an array of facilities, including swimming pools, fitness centers, and round-the-clock security, elevating the standard of living and making them highly sought-after among prospective tenants and buyers. For savvy investors, these amenities equate to higher rental returns and appreciation in property values in the long run. Condos certainly make for a wise investment option in Singapore’s real estate market.

This newly created role aims to complement JLL’s existing energy and infrastructure business in EMEA and create a global capital advisory capability to better serve local and international developers and investors. According to JLL, this appointment aligns with the long-term capital requirements needed for the infrastructure and renewable energy development to address the challenges of decarbonisation, digitalisation, economic growth, and rapid urbanisation.

The CEO of JLL Asia Pacific’s capital markets division, Stuart Crow, believes that there is a huge opportunity for the company to leverage its expertise in mobilising different sources of capital and its impressive track record in advising renewable energy transactions globally to serve clients in energy and infrastructure across Asia Pacific.

Cameron will work closely with JLL’s capital markets, investment banking, and debt advisory teams across the region with a focus on originating capital raising and transaction opportunities for large infrastructure and renewable projects. These projects will cater to various institutional investors, private equity firms, asset managers, strategic infrastructure and renewable operators and developers, high-net-worth individuals, and family offices.

With over 25 years of experience in real asset capital markets, Cameron brings a wealth of knowledge to his new role. Previously, he was the global head of commercial real estate at Standard Chartered Bank. His expertise lies in mobilising both private and public equity and financing for infrastructure projects on a global and regional scale.

Crow expresses his confidence in Cameron’s ability to establish JLL’s leadership position in this exciting space through his expertise and client relationships. He believes that Cameron’s unmatched experience in the region makes him the ideal candidate for this role.…

By adpOne Bernam, the mixed-use development in Tanjong Pagar, offered 87 units for sale at promotional prices over the weekend of Jan 11 to 12. The project, which has a 99-year leasehold and consists of 351 residential units, is a joint venture by MCC Land and Hao Yuan Investment.

Launched in May 2021, One Bernam has seen healthy sales with over 75% of its units sold as of Jan 10, at an average price of $2,585 psf.

During the weekend promotion, the remaining 87 units – ranging from one-bedroom to three-bedroom units and penthouses – were offered at discounted prices.

Search for new launches to stay updated on the latest transaction prices and available units.

For the one-bedroom units, which range from 441 sq ft to 463 sq ft, discounts of $323,000 to $438,000 were offered, with units sold at prices between $1.295 million ($2,934 psf) and $1.328 million ($2,869 psf).

In summary, purchasing a condo in Singapore is a smart investment choice due to its numerous benefits, such as high demand, potential for capital appreciation, and attractive rental yields. However, before making a decision, it is crucial to carefully consider various factors such as location, financing, government regulations, and market conditions. By conducting thorough research and seeking advice from professionals, individuals can make well-informed decisions and maximize their returns in Singapore’s ever-changing real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer searching for a stable and profitable investment, Singapore condos offer a compelling opportunity. So, if you are interested in investing in a condo, do not hesitate to explore the options available at Condo and make the most out of the dynamic real estate market in Singapore.

Meanwhile, prices of two-bedroom units (700 sq ft to 732 sq ft) were discounted by $437,000 to $668,000, with units sold at prices between $1.752 million ($2,394 psf) and $1.78 million ($2,544 psf).

For the two-bedroom plus study units (807 sq ft to 872 sq ft), discounts ranging from $380,000 to $800,000 were offered, with units sold at prices between $2.139 million ($2,581 psf) and $2.158 million ($2,475 psf).

For three-bedroom units (1,421 sq ft), buyers enjoyed discounts ranging from $616,000 to $830,000, with units sold at prices between $3.496 million ($2,461 psf) and $3.526 million ($2,482 psf).

According to Marcus Chu, CEO of ERA Singapore, the project’s sales performance reflects strong interest and potential for the property as a stable asset. He also shared that about 78% of purchasers bought units as investments, with 87% of the buyers being Singaporeans aged between 31 and 50.

Following the overwhelming response over the weekend, only three penthouses are still available for sale, bringing the total sales to 99%. These include two three-bedroom penthouses of 1,744 sq ft and 1,948 sq ft, and one five-bedroom unit of 4,306 sq ft.

As the project is expected to obtain a Temporary Occupation Permit (TOP) in March 2026, investors can start generating rental income to support their loan instalments. Based on EdgeProp Landlens data, existing apartment projects in the area, such as Altez, Eon Shenton, and 76 Shenton, command rental rates ranging from $6.90 psf to $7.40 psf.

Looking ahead, Chu believes that the reduced competition from foreign buyers due to the increased Additional Buyer’s Stamp Duty (ABSD) in 2023 has opened up more opportunities for local buyers to enter the market. He also states that local demand is expected to continue driving the Central Core Region (CCR) properties, with competitive pricing making these developments an attractive and stable investment choice.

Stay updated on One Bernam properties by checking out the latest listings and price trends on EdgeProp Buddy. You can also compare the price trends of new sale condos and resale condos, as well as check out the buyer profile for One Bernam.

Additionally, browse through upcoming new launch projects and condo rental listings in District 2 to stay informed about the latest property developments.…

Over the weekend of Jan 11 to 12, One Bernam, a mixed-use development with 351 residential units located in the heart of Tanjong Pagar, launched a promotion for 87 of its remaining units.

Developed by joint developers MCC Land and Hao Yuan Investment, the 99-year leasehold apartment tower had initially launched in May 2021 and has already recorded a strong sales record. As of Jan 10, over 75% of the units have been sold at an average price of $2,585 psf based on caveats lodged.

During the weekend promotion, all remaining units, including one-bedroom to three-bedroom units and penthouses, were offered at promotional prices.

Interested buyers can visit New Launches to find out the available units and transaction prices.

The one-bedroom units, which range from 441 sq ft to 463 sq ft, saw discounts of $323,000 to $438,000, with prices ranging from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf). Similarly, the two-bedroom units, with sizes ranging from 700 sq ft to 732 sq ft, offered discounts from $437,000 to $668,000, with prices from $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf). The two-bedroom plus study units, which range from 807 sq ft to 872 sq ft, had discounts ranging from $380,000 to $800,000, and were sold at prices from $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf).

The three-bedroom units, with a size of 1,421 sq ft, offered discounts ranging from $616,000 to $830,000, with prices from $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf).

Out of all the units sold, about 78% were purchased as investments, according to Marcus Chu, CEO of ERA Singapore. Additionally, 87% of the buyers were Singaporeans, with 70% falling in the age range of 31 to 50.

Following the overwhelming response over the weekend, only three penthouses remain available for sale, bringing the total sales to 99%. These include two units of three-bedroom penthouses with sizes of 1,744 sq ft and 1,948 sq ft, and a five-bedroom unit with a size of 4,306 sq ft.

To sum up, the decision to invest in a condominium in Singapore can bring about numerous benefits. These include a high demand for the property, potential for growth in value, and attractive rental yields. However, it is crucial to carefully take into account various factors such as the condominium’s location, financing options, government regulations, and the current market conditions. By conducting thorough research and seeking professional advice, investors can make well-informed decisions and maximize their returns in the dynamic real estate market of Singapore. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment, the latest launches of new condos in Singapore provide a compelling opportunity to achieve your investment goals. So, consider all aspects carefully and make a wise investment choice. Don’t forget to check out New Condo Launches for the latest updates and options.

One Bernam is scheduled to obtain a Temporary Occupation Permit (TOP) in March 2026, which is expected to start generating rental income for investors and supporting their loan instalments.

Based on rental data from EdgeProp Landlens, existing condo projects in the area, such as Altez, Eon Shenton, and 76 Shenton, have average monthly rents ranging from $6.90 psf to $7.40 psf.

Looking ahead, Chu believes that the reduced competition from foreign buyers due to the hike in Additional Buyer’s Stamp Duty (ABSD) imposed in 2023 will open up more opportunities for local buyers to enter the market. He also expects local demand to continue driving the property market in the Central Core Region (CCR), with competitive pricing making developments like One Bernam an attractive and stable investment option.

For more information on One Bernam properties, interested buyers can visit Ask Buddy, view recent sale transactions, compare prices of HDBs, condos, and landed properties, view the total number of units in One Bernam, and track the price trend for the development.…

Over the weekend of January 11th and 12th, One Bernam, a mixed-use development in Tanjong Pagar consisting of 351 residential units, offered 87 units for sale at promotional prices. The project, which has a 99-year leasehold, is a joint effort between developers MCC Land and Hao Yuan Investment and was first launched in May 2021. As of January 10th, over 75% of the units had been sold at an average price of $2,585 per square foot (psf).

During the weekend promotion, all remaining units, including one-bedroom to three-bedroom units and penthouses, were offered at discounted prices. Interested buyers can search for the latest New Launches to find out the transaction prices and available units. The one-bedroom units, which range from 441 to 463 square feet, saw price discounts of $323,000 to $438,000, with units selling for $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf). Two-bedroom units, ranging from 700 to 732 square feet, had price discounts of $437,000 to $668,000, with units sold for $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf). Two-bedroom plus study units, ranging from 807 to 872 square feet, saw discounts of $380,000 to $800,000, with units selling for $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf).

Three-bedroom units, with a size of 1,421 square feet, had discounts ranging from $616,000 to $830,000, with units selling for $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf). The sales performance of One Bernam, according to ERA Singapore CEO Marcus Chu, showcases the strong interest in the property as a stable and high-potential asset. Chu adds that 78% of purchasers bought units as investments, and 87% of buyers were Singaporeans, with 70% aged between 31 and 50.

After the overwhelming response over the weekend, there are currently only three penthouses available for sale, bringing total sales to 99%. This includes two three-bedroom penthouses, with sizes of 1,744 and 1,948 square feet, and a five-bedroom penthouse with a size of 4,306 square feet.

With the project scheduled for completion in March 2026, investors can expect to generate rental income and use it to support their loan instalments, according to Chu. Comparable apartments in the area, such as Altez, 76 Shenton, and EON Shenton, are currently renting for $6.90 to $7.40 psf per month, according to EdgeProp Landlens data.

Looking ahead, Chu believes that the reduction in competition from foreign buyers due to the increased Additional Buyer’s Stamp Duty (ABSD) in 2023 has created more opportunities for local buyers to enter the market. He also expects local demand to continue driving CCR property prices in the future, with competitive pricing making these developments an attractive and stable investment option. Interested buyers can ask Buddy for more information or compare the price trends of HDB, Condo, and Landed properties or view recently launched projects and those that have recently obtained TOP. One Bernam has a 99-year leasehold, and the buyer profile for the development is mostly local buyers.

There are crucial factors to consider when it comes to investing in a condo in Singapore, one of which is the impact of government property cooling measures. The Singaporean government has implemented several measures over the years to control speculative purchasing and maintain a steady real estate market. One of these measures is the Additional Buyer’s Stamp Duty (ABSD), which imposes higher taxes on foreign investors and those buying multiple properties. Although these measures can affect the immediate profitability of condo investments, they also contribute to the long-term stability of the market, creating a more secure investment environment. Investing in a condo in Singapore has its challenges, but the government’s efforts to regulate the market ultimately benefit both investors and the overall economy.…