Why Is One Bernam Selling Fast?
- One Bernam's take-up reflects its CBD-fringe location and mixed-use appeal.
- City-core connectivity draws investors and owner-occupiers.
- Strong sales reflect pricing and product fit, not a market-wide signal.
One Bernam is a mixed-use development at 1 Bernam Street, District 2, by MCC Land and Hao Yuan Investments. It was awarded via a 2019 GLS tender (winning bid S$440.9 million, ~$1,463 psf ppr).
Project Overview
HY-MCC (Bernam) Pte Ltd; site area 41,400 sqft; 351 residential units; 99-year; 35 storeys; expected TOP 31 March 2026. Offerings span one- and two-bedroom premium residences, spacious three-bedroom units and luxury penthouses above the Level 34 Sky Terrace, plus serviced apartments. Amenities include two levels of retail, two sky terraces and 178 parking lots.
The Numbers
Since its May 2021 launch, 99% of units are sold — only three penthouses remain — with over 75% snapped up at an average of $2,585 psf. Notable deals: one-bedders sold between $1.295M and $1.328M (price cuts of $323k–$438k); two-bedders $1.752M–$1.78M (discounts $437k–$668k); three-bedders $3.496M–$3.526M (discounts $616k–$830k). These are rare discounts in a competitive market.
Rental Income
One Bernam gets its TOP in March 2026, so rental income could start in just over a year. With Tanjong Pagar condos fetching $6.90–$7.40 psf monthly, the potential for steady returns is strong.
What Makes It Special
Per ERA Singapore CEO Marcus Chu, about 78% of buyers purchased as investments, 87% being Singaporeans, mostly aged 31–50. The ABSD hike reduced foreign competition, creating a window for local investors. It sits in the heart of Tanjong Pagar, close to Tanjong Pagar and Prince Edward MRT stations and Anson Road/AYE, and as a mixed-use development it's a self-contained ecosystem with retail, sky terraces and wellness facilities. With only three penthouses left and promotional pricing, the window is closing.