A spectacular sales surge has propelled One Bernam to 99% sold. With just three penthouses remaining, this Tanjong Pagar project is capturing attention as a premium asset.
Attractive Pricing Draws Buyers In
From Jan 11 to 12, One Bernam offered 87 units at promotional prices. The mixed-use development, featuring 351 residential units, first launched in May 2021. By Jan 10, over 75% of the units were sold at an average price of $2,585 psf, according to caveats lodged.
The discounts applied to a range of unit types, including, enticing both investors and homebuyers alike. One-bedroom apartments, saw price reductions of $323,000 to $438,000, bringing final prices between $1.295 million ($2,934 psf) and $1.328 million ($2,869 psf).
More Room, Bigger Savings
Two-bedroom apartments of 700 sq ft to 732 sq ft offered discounts from $437,000 to $668,000, resulting in prices from $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf). Meanwhile, two-bedroom plus study units ranging from 807 to 872 sq ft saw discounts of $380,000 to $800,000, with sales prices between $2.139 million ($2,581 psf) and $2.158 million ($2,475 psf).
For those seeking larger homes, three-bedroom units spanning 1,421 sq ft offered reductions of $616,000 to $830,000, with prices ranging from $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf).
What’s Behind the Numbers?
According to Marcus Chu, CEO of ERA Singapore, this strong sales momentum showcases the appeal of One Bernam as a resilient, lucrative asset. He revealed that 78% of purchasers were investors, and 87% of buyers were Singaporeans, with the majority aged 31 to 50.
With nearly all units sold, only three penthouses remain available: two three-bedroom units (1,744 sq ft and 1,948 sq ft) and a spacious five-bedroom unit (4,306 sq ft).
What’s Next for One Bernam Investors?
Slated for completion in March 2026, One Bernam is expected to generate rental income for investors. Nearby properties such as Altez, 76 Shenton, and EON Shenton currently fetch monthly rents of $6.90 psf to $7.40 psf, according to EdgeProp Landlens.
Local buyers have embraced the project amid changing market dynamics.
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Final Thoughts: Why One Bernam Stands Out
This success highlights the continued strength of mixed-use developments in prime areas. Is now the time to make your move on Singapore real estate?