One Bernam is an upcoming 99-years lease mixed development project, featuring a commercial space at ground level with an expected 351 units residential units above them. Situated in District 2’s Tanjong Pagar, the condo can be found along Bernam Street on a plot of land acquired through GLS (Government Land Sales).
With its location within Singapore’s Core Central Region (CCR), residents can expect to find reputable restaurants, popular attractions, and exciting shopping malls near the neighbourhood. There are also many luxurious condominiums and landed properties within the CCR, mainly due to its location close to Singapore’s Central Business District (CBD). Because of that, the area is expected to have strong demand from the tenant pool in the country.
The team behind One Bernam is Hao Yuan Investment and MCC Land (Singapore) Pte Ltd. Both of these developers have launched several residential projects together before. In 2016 alone, they launched Northwave Executive Condominium (July 2016), The Alps Residences (October 2016), and Queens Peak (November 2016).
One of this condo’s selling points is its location within District 2. Since it is inside the CBD, residents of One Bernam will enjoy unparalleled accessibility, amenities, and limitless selections for shopping, entertainment, and food. The neighbourhood enjoys an unusual blend of Singapore’s trademark modern architectures and Chinatown’s historical buildings, giving the area a unique charm that cannot be found anywhere else.
For investors, One Bernam is a golden egg waiting to hatch and bring great financial returns to anyone that puts their money in buying a unit. The condo is within the Greater Southern Waterfront Development, which will see tremendous improvements in connectivity, facilities, and general quality of living. This will bring up One Bernam’s market value in the future, making it a great investment prospect.
Residents of One Bernam will have no problem accessing public transportation since there are several options in the area. For instance, the Tanjong Pagar MRT Station on the East West Line is only a 6-minute walk from the condo. In future, the nearby Prince Edward MRT Station on the Circle Line and Maxwell MRT Station on the Thomson-East Coast Line will also be opened, providing better accessibility to One Bernam’s residents.
Aside from that, there are also several bus stops along Tanjong Pagar Road and Enggor Street, and residents can hop on the bus to reach areas around the neighbourhood.
For vehicle users, the nearby Anson Road, Shenton Way, Keppen Viaduct, and Marina Coastal Highway (MCE) provides excellent connectivity within the CBD and to surrounding areas.
While there are fewer choices in regards to schools options due to its location within Singapore’s CCR, there are several nearby instituations that parents can send their children to for quality education. Here are some of them:
i. Cantonment Primary School (900m)
ii. Zhangde Primary School (2.9km)
iii. River Valley Primary School (3.8km)
iv. Outram Secondary School (2.4km)
v. Saint Clare of Special Education (2.3km)
vi. London School of Business and Finance (1.0km)
Situated within District 2, there are many shopping options near One Bernam that are just a short distance away. Several of them are as follows:
i. Tanjong Pagar Plaza
Tanjong Pagar Plaza is only a short 3-minute walk away from One Bernam, allowing for quick and hassle-free shopping for the condo residents.
ii. 100AM Shopping Mall
Located just 3 minutes’ walk away, 100AM Shopping Mall has plenty of retail stores and restaurants options. NTUC FairPrice Finest is also here for convenient grocery shopping.
iii. Icon Village
Situated 5 minutes away on foot from One Bernam, this contemporary urban mall is a part of the mixed-use development The Icon, featuring shops and restaurants for quick and leisurely shopping.
iv. Guoco Tower
Guoco Tower is a mixed-use development along the nearby Peck Seah Street, which is just a 6-minute walk from One Bernam. It was formerly known as Tanjong Pagar Centre, and it is currently the tallest building in Singapore. Various stores and dining options can be found here.
v. Orchard Road Shopping Belt
The renowned Orchard Road Shopping Belt is only a 10-minutes drive from One Bernam, where one can find numerous malls to visit and shop. These include Ion Orchard, Ngee Ann City, The Paragon, 313@Somerset, Mandarin Gallery, Plaza Singapura, and Orchard Central.
Thanks to its location, there are ample activities that One Bernam residents can do in the area. Popular tourist hotspots, parks, and attractions are plentiful in the area, perfect for both individuals and families looking to do something fun anytime. Here are some of the places that residents of One Bernam can visit::
Chinatown is located within a few minutes’ walk north from One Bernam, and it features historic temples, traditional shophouses, and plenty of food options.
ii. Pearl’s Hill City Park
Located only a short 6 minutes drive away, Pearl’s Hill City Park is a 9-hectare city park along Chin Swee Road. The park is suitable for families that want to spend some quality time together and for individuals looking for some peace and tranquillity within the hectic city.
iii. Gardens by the Bay
Gardens by the Bay is an award-winning urban park just 10 minutes away by car from One Bernam. It is a tourist hotspot that features impressive architecture and unique green landscapes.
iv. Sentosa Island
Sentosa Island is an island off the Southern Coast of Singapore, and it is reachable within a 7-minutes drive from One Bernam. It is a popular holiday destination among locals and tourists as it features a variety of attractions, museums, and places of interest, including Madame Tussauds Singapore and Universal Studios Singapore.
v. Mount Faber Park
Formerly known as Telok Blangah Hill, Mount Faber Park is only a 5-minute drive from the condo. With a height of 106 metres, the eponymous mountain is one of the tallest in Singapore, offering an incredible panoramic view of the nearby CBD.
Food lovers will love living at One Bernam as there is no shortage of eateries in the area to satisfy any cravings, especially since it is close to Chinatown. One of the highlights is Restaurant JAG, a Michelin-starred restaurant serving contemporary French cuisine. It is located along Duxton Road, just 8 minutes away on foot.
For those looking for a local taste, the hawker stalls at Maxwell Food Centre, Amoy Street, and Tanjong Pagar Plaza Market and Food Centre are the perfect places to go. These food destinations are close enough to be reachable on foot, and they offer a wide selection of street foods and Asian cuisines.
Another spot for a great culinary experience is the Keong Saik Road, located a leisure 12-minute walk from One Bernam. From local dishes to international favourites, this bustling street is the place to go for satisfying dining without travelling far. There are also several bars and cocktail lounges that can be found along the road, suitable for a weekend hangout with friends.
99-years leasehold development projects offer attractive advantages to both buyers seeking an own-stay purchase and individuals interested in investing.
99-Years Leaseholds are in High Demand
With boutique Freehold projects making up the majority of new developments these days, especially in traditionally prime districts like District 9, 10, and 11, a 99-Years Leasehold new development’s lower quantum price of at least 15-20% of a Freehold property in the same area creates an attractive value and high demand for interested buyers.
Not only is the 99-Years Leasehold a great option to avoid “freehold premium” and hefty luxury furnishings price tag from developers, but its affordable prices also allows buyers to have a reasonable outlay on their property purchase. This certainly makes a difference for upgrading buyers, with the inclusion of ABSD (Additional Buyer Stamp Duties) since 2018, where 12% of a property’s price has to be paid upfront first even if the buyer has plans to sell their current property.
99-Years Leasehold offers Great Value for Property Investment
Compared to its freehold neighbours, the 99-Years Leasehold projects also hold excellent potential for capital appreciation, since a higher volume of transactions is expected in Leaseholds than in Freeholds, which are generally regarded for legacy building and passing down through generations. Other factors, such as initiatives outlined in the URA Master Plan for that particular district, can also influence the property’s appreciation value.
Investment buyers wishing to rent out their property will also enjoy expected higher rental yields for the 99-Years Leaseholds in prime districts. This is because the leasehold’s combination of prime district addresses and excellent property amenities allows them to demand more competitive rental rates than the freehold properties while making less upfront capital commitment.
Hao Yuan Investment
Hao Yuan Investment is a Singapore-based property developer that has been in operation in the country for over a decade. The company has accumulated an incredible track record in the property industry, and in recent years, it has expanded its operations to Malaysia as well.
Together with MCC Land, Hao Yuan Investment’s portfolio includes Northwave executive condo, The Alps Residences, and Queens Peak. In Malaysia, Hao Yuan Investment is one of the strategic partners for Iskandar Waterfront.
MCC Land (Singapore) Pte Ltd
MCC Land (Singapore) Pte Ltd was established in 2010 and has been around Singapore’s real estate industry with impressive track records and incredible feats in real estate development, structural steelworks, large-scale integrated entertainment parks, and project management.
The group has won plenty of awards, such as the “Asia’s Top Influential Brands”. They were also ranked 290th globally for Fortune Global 500 and one of Singapore’s top 10 real estate developers for three consecutive years. There is no doubt that MCC Land (Singapore) will continue bringing quality workmanship for The Landmark thanks to these achievements.
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