A spectacular sales surge has propelled One Bernam to 99% sold. With just three penthouses remaining, this highly anticipated property is capturing attention as a premium asset.
Promotions Spark High Sales Volume
From Jan 11 to 12, One Bernam offered almost 90 units at promotional prices. The prime project in Tanjong Pagar 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.
Promotional prices were available for all remaining units, enticing Singaporeans looking for prime properties. One-bedroom apartments, 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, the weekend’s sales performance underscores strong interest in One Bernam as a stable and high-potential investment. He revealed that 78% of purchasers were investors, and 87% of buyers were Singaporeans, with the majority aged 31 to 50.
Following the weekend promotion, 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).
What’s Next for One Bernam Investors?
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.
The project also benefits from local demand, especially after Additional Buyer’s Stamp Duty (ABSD) increases in 2023 reduced foreign competition.
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Final Thoughts: Why One Bernam Stands Out
Whether you’re an investor or homebuyer, One Bernam offers a compelling case for real estate investment. Is now the time to make your move on Singapore real estate?