One-north Eden, A Luxurious Abode Surrounded By Greenery
May 20, 2021
One-North Eden is a mixed development featuring commercial space on their ground level. Located along One-North Gateway in District 5, the 99-year leasehold property is an exciting new launch offering unparalleled comfort and convenience in the one-north Business Park enclave.
The condo consists of two residential towers and one commercial podium within its 62,202 sq ft land area. There are 165 homes within One-North Eden, with a selection ranging from 1-bedroom units to 4-bedroom units. The condo also offers a wide range of modern communal facilities, such as lap pool and gym.
The team behind One-North Eden is TID Private Ltd, a joint venture between Hong Leong Holdings and Mitsui Fudosan. TID Private Ltd was the winner for the development site with a $155.7 million bid, translating to a rate of $1,001 per square foot per plot ratio. The company’s portfolio includes Brownstone EC, Piermont Grand EC, the Oceanfront @ Sentosa Cove, and Jovell, which is currently under construction.
WHY ONE-NORTH EDEN IS AN IDEAL HOME
One-North Eden is located in District 5 within the One-North Business Park. The neighbourhood is well-developed, with easy access to public transportation, plenty of amenities, and many reputable schools for all education levels. Not only that, it is also very close to nature parks, providing a moment’s respite from the hustle and bustle of city life.
Situated within the Rest of Central Region, One-North Eden is expected to appeal to buyers and investors alike due to its excellent location. Thanks to the business establishments and learning institutions in the neighbourhood, the development is perfect for working adults and families with children looking for a dream home within the city.
ONE-NORTH EDEN HAS GREAT ACCESSIBILITY AND CONNECTIVITY
This development is easily accessible via One North MRT Station on the Circle Line, which is only a 5-minute walk away. It is also very close to Buona Vista MRT Station on the Circle Line and East West Line, which takes only 8 minutes on foot. Other nearby MRT stations include Kent Ridge MRT Station, Commonwealth MRT Station, and Holland Village MRT Stations, which are only one stop away via either One North MRT or Buona Vista MRT.
For bus users, there are several bus stops in the area, including Aft Anglo-Chinese JC, Essec Business Sch, and One-North Stn/Galaxis. These bus stops make it convenient for One-North Eden residents to go about the neighbourhood.
The development is also close to several roads and expressways, such as North Buona Vista Road, Ayer Rajah Avenue, Dover Road, and Ayer Rajah Expressway (AYE). For car owners, these roads provide excellent connectivity and hassle-free travel to the rest of Singapore.
ONE-NORTH EDEN IS CLOSE TO REPUTABLE SCHOOLS
Source: National University of Singapore
One-North Eden is an ideal home for families with children because there are plenty of schools nearby the development. These learning institutions offer quality primary, secondary, and tertiary education, so parents can stay at One-North Eden for a long time and would not have to worry about their kids’ learning. Here are some of the schools available in the neighbourhood:
i. Fairfield Methodist School (Primary) (800m)
ii. Tanglin Trust School (1.0km)
iii. New Town Primary School (1.5km)
iv. Dover Court International School (1.5km)
iv. Henry Park Primary School (2.4km)
v. Fairfield Methodist School (Secondary) (1.0km)
vi. ESSEC Business School (250m)
vii. Anglo Chinese Junior College (350m)
viii. Singapore Polytechnic (1.4km)
ix. National University of Singapore (2.2km)
ONE-NORTH EDEN IS NEAR TO SHOPPING MALLS
Source: Erwin Soo via Flickr
Shopaholics would love living in One-North Eden as there are plenty of selections of malls they can visit nearby, with some of them are only within walking distance. Here are some of them:
1. Rochester Mall
Located only 6 minutes’ walk away from One-North Eden is Rochester Mall. It offers over 30 retail stores, food outlets, and educational centres, perfect for families, students, and shopaholics.
2. The Star Vista
The Star Vista is 9 minutes away from One-North Eden on foot, and it is located right next to Buona Vista MRT Station, providing convenient accessibility and unique shopping experience. The mall offers a wide selection of retail stores, F&B outlets, and entertainment to its visitors.
3. Holland Road Shopping Centre
Situated along Holland Avenue, Holland Road Shopping Centre is the place to go for art supplies, fine dining restaurants, and other exciting outlets. It is near Holland Village MRT Station, which is two stops away from One-North MRT Station.
4. Holland Piazza
Holland Piazza is a small shopping mall along Lorong Liput in Holland Village. It mainly houses F&B outlets, along with a couple of salons and a furniture shop.
5. Raffles Holland V Mall
Raffles Holland V Mall is a mall in Holland Village, located right next to the MRT station. The low-rise shopping mall features a medical centre, supermarket, gym, and plenty of restaurants.
ONE-NORTH EDEN IS NEAR PLENTY OF NATURE PARKS
Source: Steel Wool via Flickr
One great selling point for One-North Eden is how close the development is to nature. The condo is only minutes away from parks with lush greenery and incredible landscape, suitable for evening exercise or weekend leisure. Some of them are as follows:
1. one-north Park
Located right behind the condo, residents will only need to walk 3 minutes to reach the park. With an area spanning 16 hectares, one-north Park is home to lush greenscapes where visitors can relax or exercise while surrounded by nature.
2. Kent Ridge Park
Kent Ridge Park is only 6 minutes away from One-North Eden by car, and bird-watchers and nature enthusiasts frequent it for the undisturbed greenery and unique critters. The 47-hectares public park is part of the Southern Ridges, together with Telok Blangah Hill Park and Mount Faber Park, and all three parks are interconnected via paths and bridges.
3. West Coast Park
Covering 50 hectares, West Coast Park is only a 9-minute drive away from One-North Eden. The park was built on reclaimed land and was completed in 1979. It features facilities for people of all age groups, including barbecue pits, campsites, and play areas.
4. Clementi Woods Park
This community park is located along Clementi Road, and it is 9 minutes away from One-North Eden by car. With a size of 12 hectares, Clementi Woods Park is surrounded by verdant landscapes that attract families, joggers, and bird-watchers.
5. Singapore Botanic Gardens
Accessible via car and the MRT on the Circle Line, Singapore Botanic Gardens is a UNESCO World Heritage Site that features more than 10,000 species of tropical trees, orchids, and other flowering plants. It is currently Singapore’s oldest garden.
ONE-NORTH EDEN HAS PLENTY OF FOOD OPTIONS
Source: Terence Ong via Wikimedia
Since the condo is located within the one-north neighbourhood, there are plenty of cafés nearby that residents can visit anytime for a delicious treat. The closest would be Jimmy Monkey Café and Bar, which is right next door to One-North Eden.
North of One-North Eden is Holland Village where there are plenty of options for delicious grubs among the shops. Two food centres, Holland Drive Market & Food Centre and Holland Village Market & Food Centre, are also in the vicinity, offering hawker dishes for those who prefer meals that have the local taste.
One-North Eden residents willing to travel a little bit farther can also visit Dempsey Road for its wide selection of cafés, restaurants, and bars.
ONE-NORTH EDEN IS A 99-YEARS LEASEHOLD PROPERTY
99-years leasehold development projects offer attractive advantages to both buyers seeking an own-stay purchase and individuals interested in investing.
99-Years Leasehold Properties 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 Leaseholds a great option to avoid “freehold premium” and hefty luxury furnishings price tag from developers, but it’s 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.
ONE-NORTH EDEN’S DEVELOPER BACKGROUND
TID Pte Ltd
Source: TID Pte Ltd
TID Pte Ltd is a joint venture between two big names in the property industry, Hong Leong Group and Mitsui Fudosan. The joint venture was established in 1972, and with an experience spanning almost half a century in Singapore, they have made a name as one of the country’s top property developers.
Currently, TID Pte Ltd has completed several commercial and residential development projects. Their portfolio includes Brownstone EC, Jovell, Forestwoods, Nathan Suites, Piermont Grand EC, Optima@Tanah Merah, and Oceanfront @ Sentosa Cove.
Click HERE to view One-North Eden’s development listing details now!
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