One Bernam is an upcoming condominium located at Bernam street. It will be a mixed development of residential and commercial storey. The property will be located within walking distance to Tanjong Pagar MRT station.
|Project Name||One Bernam|
|Developer & Registered Address||MCC Land (Singapore) Pte Ltd|
|Showflat Location||Bernam Street|
|Tenure||A 99-year leasehold|
|Description||A new condo development by MCC Land (the development is expected to open its doors to the public in 2021)|
|Number of Units||325 residential units|
|Land Area||3,846 sq m or 41,400 sq f|
The tender for the GLS (Government Land Sales) at Bernam Street attracted 4 bids in total. The highest bid came from a Chinese developer called Hao Yuan Investment and it stood at $440.9 million. The price reflects a land cost of $1,463 psf ppr.
The 2nd-highest bid of $405 million was submitted by Vesta Sg Comm and Vesta SG Residences, while the 3rd-highest bid of $373.3 million was submitted by Far East Commercial Trustee and Laguna Garden Limited. CSC Land Group and Coli (Singapore) also participated with a bid of $343.3 million.
The maximum GFA (gross floor area) of the upcoming One Bernam stands at 301,403 sq ft and the development can yield up to 325 residential units, with commercial spaces occupying the first floor. Based on the bid price of $440.9 million and a profit margin of 15%, the breakeven price for this property stands at approximately $2,100 psf, while the selling price stands at about $2,430 psf.
Highlights of One Bernam
✔ One Bernam is a new condo development that is being developed by MCC Land.
✔ The development can yield up to 325 residential units.
✔ The development is a part of the CBD area that is best known for being a vibrant mixed-use urban neighbourhood with easy access to a wide variety of amenities.
✔ The total site area stands at 3,846 square meters.
✔ The Tanjong Pagar MRT station and the upcoming Prince Edward MRT station are not too far away from the development.
✔ There are some really good schools in the area, including Cantonment Primary School, Outram Secondary School, Shelton College International and the Duke-NUS Graduate Medical School.
✔ Some of the best shopping destinations at Tanjong Pagar include Tanjong Pagar Plaza, 100 AM Shopping Mall, and Chinatown Point.
✔ Some of the best eateries that this area has to offer include Tanjong Pagar Plaza, Maxwell Food Centre, and Orchid Hotel Japanese restaurants.
✔ There are some really beautiful parks surrounding One Bernam, including Urban Park, Telok Ayer Green, Ann Siang Hill Park, and Duxton Plain Park.
✔ Public transportation in this area is very convenient and within walking distance.
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Location of One Bernam
One Bernam is located in the CBD area that is packed with a wide variety of amenities. This development is a part of the CBD area that is best known for being a vibrant mixed-use urban neighbourhood with easy access to a wide variety of amenities. The mixed development is surrounded by all sorts of amenities and eateries. The One Bernam condominium also sits near the Tanjong Pagar MRT station.
Since the condominium sits not too far away from 2 different MRT stations, it is safe to say that One Bernam enjoys a great location. The Tanjong Pagar MRT station is located within walking distance away from One Bernam and the upcoming Prince Edward MRT station is not too far away either.
Amenities around One Bernam
When it comes to living in One Bernam, everything is pretty much right next to your home. Due to excellent connectivity, pretty much anything and everything is easily accessible. This includes amenities such as cafes, eateries, restaurants, parks, and some of the best schools that Singapore has to offer.
As for the education aspect for residents living in One Bernam, this area is packed with some of the best schools in Singapore, including Cantonment Primary School, Outram Secondary School, Shelton College International and the Duke-NUS Graduate Medical School. There is no doubt that all of these schools will ensure that the residents of One Bernam get the best quality of education possible.
There are also some really beautiful parks in the area that are worth mentioning. This includes Urban Park, Telok Ayer Green, Ann Siang Hill Park, Duxton Plain Park, and more. If you fancy yourself a nature lover, then each one of these parks is a must-see place for you. And to say that public transportation in this area is very convenient would be a big understatement when compared to how good it really is.
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One Bernam Units Mix
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About the Developer
MCC Land is one of the Republic of China’s first 16 state-owned pioneers in the building and construction business, real estate construction is one of MCC Land’s primary skills. Both MCC Land and Hao Yuan Realty have been in the real estate development business for many decades.
When it comes to Singapore’s real estate sector, MCC Land has developed, co-developed, and is currently being a part of a total of 12 home projects. This includes mixed development projects, exclusive condos, and exclusive condominiums with an overall of 5,000 residential homes, as well as a total area of 500,000 square meters.
MCC Land relies on dependable methods, reliable logistics, and innovation. The people behind MCC Land always do their best to encourage environmental awareness, as well as to integrate environment-friendly characteristics into every project that they get to work on. Due to the fact that MCC Land has an exceptionally good record when it comes to property development, the owners of One Bernam can expect nothing but exceptional quality in this extremely popular location.