One Bernam Nears Sellout 99 Sales After Weekend Promotion Only Three Penthouses Left
One Bernam, the mixed-use development in Tanjong Pagar, made a big splash over the weekend of Jan 11 to 12 as it offered 87 units for sale at promotional prices. The project, which has 351 residential units, is a joint development by MCC Land and Hao Yuan Investment and was first launched in May 2021. According to data from Jan 10, over 75% of the units have been sold at an average price of $2,585 psf.
The promotion took place for all remaining units, which range from one-bedroom to three-bedroom units and penthouses. To find up-to-date information on transaction prices and available units, one can search for the latest New Launches.
The one-bedroom units, with sizes 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). Similarly, the two-bedroom apartments, which range from 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).
The two-bedroom plus study apartments, however, had much higher discounts ranging from $380,000 to $800,000. These units were sold at prices ranging from $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf).
The three-bedroom apartments, which are 1,421 sq ft in size, had discounts ranging from $616,000 to $830,000, with units sold for $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf).
One of the showflats at One Bernam. The project is scheduled for completion in March 2026 (Photo: MCC Land)
CEO of ERA Singapore, Marcus Chu, states that the strong sales performance shows “the strong interest in the property as a stable and high-potential asset”. He adds that 78% of the purchasers bought their units as investments, and that 87% of the buyers were Singaporeans, with 70% aged between 31 and 50.
After the “overwhelming response” over the weekend, only three penthouses are still available for sale, bringing the total sales rate to 99%. This includes two units of three-bedroom penthouses with sizes of 1,744 sq ft and 1,948 sq ft respectively, along with a remaining unit of 4,306 sq ft with five bedrooms.
Based on EdgeProp Landlens data, the average monthly rents of existing apartment projects in the area, such as Altez, Eon Shenton and 76 Shenton, range from $6.90 psf to $7.40 psf. Chu reckons that as the project is expected to obtain a Temporary Occupation Permit (TOP) in March 2026, investors can expect to start generating rental income to support their loan instalments.
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According to Chu, while the increased amount of Additional Buyer’s Stamp Duty (ABSD) has reduced competition from foreign buyers, this has opened up more opportunities for local buyers to enter the market. He adds that local demand is expected to remain the key driver for Central Core Region (CCR) properties in the near future, with competitive pricing making these developments a desirable and stable investment choice. For more information on One Bernam properties, one can check out the latest listings or ask Buddy. Additionally, one can also compare the price trend of new sale and resale condos, and look into the buyer profile for One Bernam.