One Bernam @ Tanjong Pagar

The site was introduced in 2018 as one the land parcels for first half 0f 2019 Government Land Sales Program. The site area of One Bernam is approximately 0.39 hectares and with a gross plot ratio of 5.6. The tender for this land parcel was closed on September 2019 and attracted 4 bidders. The winning tender was from Hao Yuan Investments with a $440.9 million price tag which topped the 2^nd highest bid of $405.08 million from Vesta Sg Residences Pte Ltd and Vesta Sg Comm Pte Ltd (combined bid from MCL Land and Hongkong Land).  Local giant Far East Organization came in third while CSC Land, a China developer, came in fourth. The winning land bid price is translated to an acquisition cost of $1,463 per square foot per plot ratio.

Bernam Street is no stranger to many. It is located just in the core of the Anson District which is smacked right in the downtown financial hub of the Tanjong Pagar precinct.  Tanjong Pagar area has a good mix of historical and cultural heritage. The development will also get to enjoy the rejuvenation the Downtown Masterplan of 2019 which will inject work life balances into this area as well as the development of the Masterplan for the upcoming Greater Southern Waterfront.  Its superior locality is an embracement of the prosperity, quality life and history of Singapore. This future development will offer an opportunity for those who long to the metropolitan living and its will also offer easy accessible for those who are working with in the downtown core and also the endless amenities and vibrant lifestyles.

The land parcel enjoys great attributes in terms of locality with its close proximities to 2 MRT train stations – with one being an existing MRT station which has long brought conveniences to residents and commuters to this area, as well as an upcoming MRT station which will close up the loop of the MRT circle line. It is also easily connected to the upcoming cycling networks for the downtown financial district and also the Rail Corridor which will start from the former Singapore –Malaysia Railway Station located in Tanjong Pagar.

Upon completion the development will have approximately 2,000 sqm of retail spaces and also 250 private residential homes. Other developments that are within One BernamBernam’s vicinity include Avenue South Residence, One Pearl Bank, V on Shenton, Sky Everton, Onze @ Tanjong Pagar, Wallich Residence, Skysuites @ Anson, Altez, The Clif, Icon, Spottiswoode Suites, One Shenton, Marina Bay Residences and Marina Bay Suites.

The future Greater Southern Waterfront will span about 30km on the southern coastline of Singapore and has an area of 2,000 hectares. It will be roughly six times bigger than the Marina Bay and 2 times bigger than Punggol. It will consist of PSA’s Brani, Pasir Panjang, Tanjong Pagar and Keppel city terminals.

It will free up more spaces to redevelop between Pasir Panjang and Marina East. Upon completion of this redevelopment, the Greater Southern Waterfront is set to be the new destination of major gateway and urban living along Singapore’s southern coast enabling residents to work, live and play.

With its completion, it will set to improve the accessibility across this area. There will be a waterfront promenade which will enable residents to link to different parts of the Greater Southern Waterfront easily. The future Pasir Panjang Park will connect to West Coast Park and the Labrador Nature Park and also linking to Sentosa as well as the Rail Corridor.

With this new connectivity, it allows easy accessibility to some amazing destinations like the hilltops for great recreational activities. There is also a funicular track that will link to Mount Faber. By combing water with nature, future residents will get to enjoy abundance of greens. The redevelopment, which is guided by blue and green plan, will ensure that the estate is walkable and well connected to amenities.

In the plan, there will also be development of residential and commercial properties which allow residents to work close to their homes. It will cater to 9,000 new homes comprising of public and private units in this area.

The site of the Keppel Club will be zone for redevelopment of residential housings which easy accessible to the train stations as well as the green spaces.

With some of the top companies have already located their office near Labrador, there are also plans install to develop more commercial spaces in the Greater Southern Waterfront which will attract more big corporations to set up offices here and hence increasing the employment opportunities and residents will be able to work near to homes.

There are also plans install to inject more vibrancy into the Greater Southern Waterfront. The old power stations at Pasir Panjang and Pulau Brani will be redeveloped into brand new attractions. Other transformation will also set to turn the Greater Southern Waterfront into a prominent lifestyle hub.

About the Developer

The developer for One Bernam is Hao Yuen Investments (HY Realty Private Limited), a renowned Chinese Developers which is based in Singapore. The company has acquired this prime GLS site successfully from the Urban Redevelopment Authority with a winning bid of $440.9 million.

HY Realty is a promising and young real estate company which was formed on 4^th June 2010 in Singapore. With good historical track records that are proven, the company’s primary business is focusing on developing executive condominiums and private residential projects in Singapore.

Just within a short span of 10 years, the company has successfully bid and developed many residential sites into beautiful homes that all their clients has trusted in. Some of the private residential and executive condominiums the company has successfully development and completed include Queens Peak, Sea Horizon EC, The Nautical, Norhwave and Forestville.

The company has also acquired a large piece of land in Iskandar Waterfront, Malaysia for approximately $485 million. The company has plans to develop this 36.8 acres site into high end residential, commercial and retail developments for the coming 8 years.

HY Realty is a renowned local based property developer that is committed to deliver high quality and good value to the investors and buyers who have trusted in them. This prime One BernamBernam will be the company’s next huge project which promises excellent value and high quality.

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From the train station it is just 1 station away towards the West from the Outram Park MRT Interchange where future residents can easily transit to the MRT North East Line. The MRT Thomson East Coast Line, which is also available at this MRT interchange station, will also be ready in 2021. The Raffles MRT Interchange Station is just 1 station towards the East direction where future residents can also transit to the MRT North South Line available there. The development is also approximately 400 m from the upcoming Prince Edward Road MRT Station. The Prince Edward Road MRT Station is one of the 3 stations which will link up the MRT Circle Line. Currently, it is still under construction and is estimated to be completed in year 2025. These 3 MRT stations will link up the Harbourfront MRT Interchange Station and Marina Bay MRT Interchange Station.

For those who drive, One Bernam is approximately 10 minutes’ drive to the Orchard Shopping Belt. It will also take drivers approximately 30 minutes’ ride to the Changi International Airport. The development is also close to the Ayer Rajah Expressway (AYE), the Central Expressway (CTE) as well as the East Coast Parkway (ECP) which make driving to various parts of the island a breeze.

Amenities
The development is surrounded by Grade-A offices and trendy malls. It is just next to 100AM, a shopping mall which has numerous eating outlets, retail shops, a supermarket as well as a food court catering to the needs of future residents. Other malls which are near to the development’s vicinity include the Tanjong Pagar Plaza, the Tanjong Pagar Centre and the Icon Village. These malls will be able to provide its future residents vibrant and trendy living with the plethora of amenities, retail shops as well as dining outlets. The popular brands of fashion, the themed shops as well as the coffee shops and hip cafés and pubs will be draw every second of one’s attention. The nearby Tras Link Park will offer many green spaces for those who prefer to have outdoor chilling.

For those who prefer to venture a little further to the nearby Chinatown precinct, there will be the Chinatown Complex, the Lucky Chinatown, the People’s Park Complex, the People’s Park Centre as well as the Chinatown Point.

The development is also close to a number of major food centres where many economical and delicious hawker fares are situated. Besides, future residents will also be able to get fresh market produce such as fish, meat, poultry, fruits and vegetables as the wet market stalls located at these market food centres. The nearby food centres include the Blk 6 Tanjong Pagar Plaza, Market and Food Centre, the Amoy Street Food Centre, the Maxwell Food Centre, the Chinatown Complex Market and Food Centre, the People’s Park Complex Food Centre, the Hong Lim Market and Food Centre, the Market Street (Golden Shoe) Food Centre, the Blk 1 Jalan Kukoh Food Centre and also the Tiong Bahru Market and Food Centre.

Schools
Local educaitonal institutions nearby One Bernam include the Cantonment Primary School, the CHIJ (Kellock) Primary School and the Outram Secondary School. There are also tertiary and private education institutions that are within 2 km radius from One BernamBernam, namely the Marketing Institute of Singapore, the Duke-NUS Graduate Medical School Singapore as well as the Nanyang Institute of Management.

To summarize,

1. Return Potential – With the upcoming Great Southern Waterfront.
2. Prime – It is located in the prestige district 2.
3. Locality – One BernamBernam is just walking distance to 2 MRT Stations.
4. Accessible – It is in the CBD which is accessible to any parts of the islanf.
5. Convenient – It is surrounded by many amenities.