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One Bernam nearly sell out 1

One Bernam Nearly Sold Out: Only Three Penthouses Left

One Bernam, a mixed-use development in Tanjong Pagar, is on the brink of a sellout, with 99% of its 351 residential units sold. Over the weekend of January 11–12, a promotion for the remaining 87 units led to overwhelming demand, leaving only three penthouses available.

A Look at One Bernam’s Appeal

Developed by MCC Land and Hao Yuan Investment, the 99-year leasehold property first launched in May 2021. It has attracted strong interest from both investors and homeowners due to its prime location and competitive pricing. By January 10, over 75% of the units had already been sold at an average price of $2,585 per square foot (psf).

During the promotion, discounts were applied across all remaining unit types, from one-bedroom to three-bedroom units and penthouses.

Promotional Pricing Highlights

Here’s a breakdown of the prices after discounts:

  • 1-Bedroom Units (441–463 sq ft): Priced from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf), with discounts ranging from $323,000 to $438,000.
  • 2-Bedroom Units (700–732 sq ft): Priced from $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf), with discounts from $437,000 to $668,000.
  • 2-Bedroom + Study Units (807–872 sq ft): Priced from $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf), with discounts between $380,000 and $800,000.
  • 3-Bedroom Units (1,421 sq ft): Priced from $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf), with discounts ranging from $616,000 to $830,000.

The three remaining penthouses include two three-bedroom units (1,744 sq ft and 1,948 sq ft) and one luxurious five-bedroom unit spanning 4,306 sq ft.

Why Investors Are Drawn to One Bernam

According to Marcus Chu, CEO of ERA Singapore, the impressive sales performance reflects strong confidence in One Bernam as a high-potential and stable asset. Around 78% of buyers purchased units as investments, with 87% of them being Singaporeans aged 31 to 50.

With the project’s Temporary Occupation Permit (TOP) expected in March 2026, investors can look forward to rental income, which can help offset loan repayments. Properties in the area, such as Altez and Eon Shenton, currently command monthly rental rates between $6.90 psf and $7.40 psf, indicating strong rental demand.

A Boost for Local Buyers

The Additional Buyer’s Stamp Duty (ABSD) hike in 2023 has created more opportunities for local buyers to enter the market, reducing competition from foreign investors. Chu notes that local demand will continue driving interest in Core Central Region (CCR) properties like One Bernam, especially with its competitive pricing and stable investment potential.

Other Exciting Central Area Developments

If you’ve missed out on One Bernam, consider exploring Union Square Residences at Havelock Road or the upcoming Newport Residences, both offering attractive investment potential in the CCR.

Don’t Miss Out

With just three penthouses left, One Bernam presents a rare opportunity to own a prime property in Tanjong Pagar. Contact us today to learn more or arrange a viewing. Secure your dream home or investment before it’s too late!  Penthouses starts from $5.7xm onwards

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