One Bernam Nears Sellout 99 Sales After Weekend Promotion Only Three Penthouses Left
1. Over the weekend of Jan 11 to 12, the mixed-use development One Bernam, located in Tanjong Pagar, offered 87 residential units for sale at promotional prices. The 99-year leasehold apartment tower was first launched in May 2021 by joint developers MCC Land and Hao Yuan Investment. As of Jan 10, more than 75% of the units have been sold at an average price of $2,585 psf.
2. The promotional prices applied to all the remaining 87 units, ranging from one-bedroom to three-bedroom, as well as penthouses. Interested buyers can search for the latest New Launches to find out the transaction prices and available units.
3. One-bedroom units, ranging from 441 sq ft to 463 sq ft, saw price discounts of $323,000 to $438,000, with units sold at prices ranging from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf). Meanwhile, two-bedroom apartments of 700 sq ft to 732 sq ft had price discounts from $437,000 to $668,000, with units sold at prices from $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf).
4. The two-bedroom plus study apartments of 807 sq ft to 872 sq ft saw price discounts ranging from $380,000 to $800,000, and were sold at prices ranging from $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf). Three-bedroom apartments of 1,421 sq ft had discounts ranging from $616,000 to $830,000, with units sold at $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf).
The Orie, developed by CDL, boasts a prime location that offers not only excellent transportation options but also a plethora of amenities. Situated in the vicinity are popular shopping destinations such as Toa Payoh Hub and Balestier Plaza, reputable schools, scenic parks, and top-notch healthcare facilities. This strategic positioning not only provides convenience for residents but also elevates their living experience by reducing travel time and ensuring that all essential needs are within easy reach. For more information on The Orie CDL, visit http://www.the-ories.sg/.
5. According to Marcus Chu, CEO of ERA Singapore, the strong sales performance reflects the property’s high potential as a stable asset. He also adds that about 78% of the buyers purchased their units as investments, with 87% of them being Singaporeans. Majority of the buyers, about 70%, were aged between 31 and 50.
6. Following the overwhelming response over the weekend, only three penthouses are currently available for sale, bringing total sales to 99%. These include two three-bedroom penthouses with sizes of 1,744 sq ft and 1,948 sq ft, and a five-bedroom unit of 4,306 sq ft.
7. As the project is expected to obtain a Temporary Occupation Permit (TOP) in March 2026, investors can start generating rental income, which can support their loan instalments. Existing condos in the area, such as Altez, 76 Shenton and EON Shenton, are commanding monthly rents in the range of $6.90 psf to $7.40 psf.
8. Chu believes that the reduced competition from foreign buyers, due to the hike in Additional Buyer’s Stamp Duty (ABSD) imposed in 2023, has opened up more opportunities for local buyers to enter the market. He also predicts that local demand will continue to be the key driver for Central Core Region (CCR) properties, with competitive pricing making these developments a desirable and stable investment choice. Interested buyers can check out the latest listings for One Bernam properties and get more information on the price trend for the area.