New Peaks in Singapore's Property Market: One Bernam and Beyond

New Peaks in Singapore's Property Market One Bernam and Beyond

One Bernam, a mixed-use development in Tanjong Pagar, set a new price record, selling a one-bedroom apartment for $1.55 million, or $3,344 per square foot (psf), on March 9, 2024. This sale surpassed the previous record of $3,340 psf for a similar unit in the development, highlighting the continued demand for premium residential spaces in Singapore. The 99-year leasehold project includes 351 residential units, retail space, and serviced apartments, with a significant portion already sold at an average price of $2,544 psf.

Meanwhile, Meyer Blue, a notable freehold development in District 15, underscores the appeal of the East Coast with its strategic location at Meyer Road. Offering seamless connectivity, Meyer Blue is within walking distance to Katong Park and Tanjong Katong MRT stations, facilitating easy access across Singapore. Its proximity to esteemed educational institutions like Eton House International Schools and nearby amenities such as Makena’s Mart and East Coast Family Clinic enriches the living experience for residents, particularly young families and couples.

The Sea View, another freehold condominium in District 15, achieved a new high in its price per square foot, with a three-bedroom apartment selling for $3.69 million or $2,617 psf. This transaction represents a substantial profit for the seller, who originally purchased the unit in 2011 for $2.18 million. Similarly, Adam Park Condominium also saw a record sale, with a two-bedroom unit fetching $1.95 million or $2,035 psf, marking a significant milestone for the property since its completion in 2004.

One Holland Village development is set to rejuvenate its namesake neighborhood by offering a pedestrian-friendly mall designed to integrate seamlessly with the existing Holland Village. With a focus on accessibility and community space, the development aims to enhance the local shopping and dining culture. The mall, part of a larger mixed-use project that includes residential and serviced apartments, has already attracted key tenants and is poised to serve the broader residential community, adding value to the surrounding area with its unique features and strategic design. In a similar vein, Meyer Blue enriches its locale by providing residents not only with luxurious living spaces but also with an array of conveniences and lifestyle options, underscoring the vibrancy and desirability of Singapore’s East Coast living.