A spectacular sales surge has propelled One Bernam to 99% sold. With just three penthouses remaining, this iconic Central Business District (CBD) development 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 a diverse range of purchasers. Compact yet luxurious one-bedroom units, 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).
Discounts on Larger Units Impress Buyers
Family-friendly two-bedroom layouts 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). For buyers seeking more space, 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.
After this impressive weekend response, 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).
Future Prospects: Rental Income and Market Stability
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.
Demand for CCR properties remains steady, driven by competitive pricing and strong local interest.
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Your Takeaway from One Bernam’s Success
This success highlights the continued strength of mixed-use developments in prime areas. Would you explore similar promotions?