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Back in 2019, URBAN Redevelopment Authority tenders for a 99-year leasehold private housing sites on Bernam Street drew four bids. The top bid of $440.9 million came from Chinese developer Hao Yuan Investments, and translates to a land cost of $1,463 psf per plot ratio (psf ppr).
The second highest bid came from Hongkong Land and MCL Land, with Far East Organization in third place followed by Chinese developer CSC Land and partners.
With a maximum gross floor area (GFA) of 301,403 sq ft, the new project on Bernam Street could yield some 325 residential units with commercial space on the first storey.
Bernam Street site enjoys good locational attributes, given its proximity to two MRT stations – Tanjong Pagar MRT station and the upcoming Prince Edward MRT station – as well as its location within the CBD.
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Based on the bid price of $1,463 psf ppr submitted by Hao Yuan, the estimates the breakeven price for the new project to be about $2,100 psf, with selling price of around $2,430 psf, assuming a 15% profit margin.
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[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]One Bernam is the luxurious new development on Bernam Street in the heart of Singapore’s District 2 just a short distance from the Central Business District. Located in the Tanjong Pagar region, the residential condo will be the perfect option for young professionals looking for a short commute and vibrant nightlife.
The condo has 351 residential units, range from 1 bedroom to 3 bedroom and also Penthouse Units.
Located just a stone throw away from Tanjong Pagar MRT Station, enjoy all that life has to offer right at your doorstep.
Everything you need to know about One Bernam Condo is right here. Includes specifications, floor plans, site map, unit distribution chart, location, building perspective, availability and prices, Check Here
Read More – https://www.singaporepropertyadvisors.guru/property/one-bernam-by-mcc-land-official-listing/
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- Within prime District 2
- Proximity to two MRT stations – Tanjong Pagar MRT station and the upcoming Prince Edward MRT station
- Vibrant neighbourhood
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Watch out for this Launch – Forett at Bukit Timah
Developer: MCC Land and Hao Yuan
Tenure: 99 Years
Units: 351[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]
Read About : Ki Residences at Sunset Way by Hoi Hup
The Heart Of Tanjong Pagar By Renowned DeveloperLive fabulously with boundless options right before you.Get to Orchard Road, Marina Bay Financial Centre, and prestigious schools in a heartbeat.Singapore Chinese Girls School, Anglo-Chinese School, River Valley Primary School and Chatsworth International SchoolIt is a short walk to Tg Pagor MRT , and upcoming Prince Edward MRT Station.Excellent Connectivity via Major Expressways (Kallang Paya Lebar Expressway and Marina Coastal Expressway)Benefit From URA Masterplan Development To Turn CBD Into Vibrant Lifestyle Offerings After WorkHuge Tenant Pool[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]
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Hao Yuan Investments is a young but promising developer that was established in Singapore on 4 June 2010. Backed with a good history and proven track records, Hao Yuan Investments’s core businesses is in Singapore’s real estate focusing in residential private and executive condominiums in Singapore.
Haoyuan Investment has to date within a short span of 10 years focused in bidding for residential sites and developing these sites to beautiful homes for home buyers who trusted them. They have completed several executive condominiums like Northwave, Forestville and private condominiums like The Nautical, Sea Horizon and Queens Peak.
Haoyuan Investments is a reputable Singapore based developer that is highly driven and strives to deliver good value along with high qualities to buyers and investors who believe in them.
Another Developer would be MCC Land (Singapore) Limited which was incorporated in 2010 and has been actively involved in Singapore’s real estate scene and achieved good results. It has developed five development projects, co-developed two development projects and managed five development projects. The company has been ranked Singapore’s top 10 real estate developers for three consecutive years and won the “Asia’s Top Influential Brands” award.
China Jingye Engineering Corporation Limited (Singapore Branch) is a registered contractor with the Building and Construction Authority of Singapore (BCA) and the only State-owned enterprise in Singapore to obtain the highest A1 grade in both General Building (CW01) and Civil Engineering (CW02) categories. The company is influential in Singapore with excellent performance in both public and private construction sectors. The company is the main contractor for Singapore’s iconic landmark projects – Universal Studios Singapore and Maritime Experiential Museum, Resorts World, Sentosa.
China Jingye Construction Engineering (Singapore) Private Limited has extensive experience in private civil engineering sector. As the general main contractor for MCC Land, it is responsible for most of its property development projects. The company has been part of MCC Singapore since its inception in 1996. It has accumulated comprehensive engineering performance and experiences in turnkey, specialised contracting, supply and subcontracting works.
In recent years, MCC Singapore has expanded its business to countries like Malaysia, Indonesia and India, cementing MCC Group’s foothold in South East Asia.[/vc_column_text][vc_empty_space height=”8px”][vc_column_text]
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