One Bernam Condo @ Tanjong Pagar

[Sg Home Investment 0]

One Bernam is a mixed-use development at Tanjong Pagar. It will consist of two 35-storey tower blocks offering up to 325 units with commercial establishments on the first storey. The site is bounded by Bernam Street, Tanjong Pagar Road and Enggor Street and lies within the Singapore’s Central Business District (CBD) where many Fortune-500 companies are headquartered.

 

Key Attributes of One Bernam Condo

·         Situated in the prime Central Business District (CBD) and Singapore’s financial centre

·         Strong rental demand from expatriates working in MNCs within the CBD

·         Easy access to a wide range of amenities such as shopping malls, supermarkets and eateries

·         Convenient access to education institutions

·         Excellent public transport network with two MRT stations nearby

·         Short drive to two major expressways – Marina Coastal Expressway (MCE) and Ayer Rajah Expressway (AYE)

·         Close proximity to Singapore’s Historical, Civic and Art Districts

·         One station to the upcoming SGH Medical Campus

·         Good investment potential amid the exciting transformation of Downtown Singapore, Greater Southern Waterfront and Rail Corridor

 

One Bernam Is Situated In The Prime Central Business District (CBD)

One Bernam condo is situated along Bernam Street in Singapore’s prime District 2, which is part of the Core Central Region (CCR) and Downtown Planning Region.

Its strategic location close to the Raffles Place and Marina Bay financial district, as well as in the City Centre, where many Fortune 500 banks and companies have set up their operations and Regional Headquarters will ensure strong demand for housing. Being at the heart of Tanjong Pagar with Grade A offices like Guoco Tower, Frasers Tower and Capital Tower, One Bernam condo will enjoy a strong catchment of high-earning tenants working in the area. Hence, it is unsurprising that rental yields for properties in the district are around 3.5%, a very favourable level compared to about 2.5% for residential properties in Orchard Road.

Although the area may look a little “sterile” surrounded by modern skyscrapers and shiny office buildings, it is not devoid of life though. Scattered all over the CBD are restaurants, cafes, hawker centres, food courts, sundry shops and a whole lot of amenities. There are also many places of interest around it.

 

Easy Access to A Wide Range of Amenities

A mixed-use development like One Bernam condo will offer a more dynamic living environment. Integrated with commercial businesses such as F&B and retail establishments, they will enliven the place. Moreover, the 100 AM and Icon Village shopping malls are just a 1 to 2-minute walk away. Together, they offer a wide array of essential services, cafes, restaurants, home products, beauty and wellness, and many more.

There is also a Cold Storage supermarket at Icon Village and Fairprice Finest at 100 AM. Another Fairprice supermarket can also be found at Tanjong Pagar Plaza, which is located diagonally across One Bernam condo.

The Tanjong Pagar Plaza has about 130 shops that cater to the needs of the HDB residents as well as office workers nearby. They include traditional retail shops offering a wide variety of goods and services such as Chinese medicinal products, clothing, textiles, cosmetics, electronics and beauty parlours. There are also various shops selling handicrafts and artisan items, plus several popular eateries.

The Tanjong Pagar Plaza also includes a food centre and wet market. Other than providing affordable food choices, One Bernam residents can also shop for groceries and fresh produce if they prefer home-cooked meals. Such easy availability means there is no need to stock up on food items.

 

Shopping Malls Near One Bernam Condo

Besides Icon Village, 100 AM and Tanjong Pagar Plaza, One Bernam condo also has easy access to a plethora of shopping malls in City Hall, Bugis, Orchard Road, Novena, Harbourfront, Chinatown and Tiong Bahru. All of them can be easily reached via the two MRT stations located nearby.

In fact, City Hall, Harbourfront and Chinatown are just two stops away. Given their proximity, residents will be spoilt for choice when it comes to shopping, dining, entertainment and leisure activities.

 

Interesting Dining Places Near One Bernam

There are some interesting dining places near One Bernam. The more interesting ones include Duxton Hill, Maxwell Food Centre and Lau Pa Sat.

Duxton Hill – It is an area consisting of many conserved shophouses that have been repurposed for a variety of businesses such as wedding boutiques, clothing stores, indie bookshops and boutique hotels. However, the quaint neighbourhood is better known for its eclectic mix of eateries, pubs, bars and lounges. The area truly comes alive at night when workers in the CBD gather for food and drink, as well as karaoke sessions. Feeling a little tipsy after a drink too many? Fret not! One Bernam is just a 6-minute walk away.

Maxwell Food Centre – It is home to a plethora of local food stalls where some of the best in Singapore are found. The food centre is not only popular with locals and the office crowds, it is also famous with tourists. In fact, it was visited by celebrity chef Gordon Ramsey before the Singtel’s Hawker Heroes Challenge in 2013 to learn how to cook three popular local dishes.

Lau Pat Sat - Also known as Telok Ayer Market, Lau Pa Sat blends history, striking architecture and scrumptious local food into one heady experience. Built in the 19th century, it was gazetted as a national monument in 1973. Situated in the heart of the financial district, the market’s distinctive octagonal shape and ornamental columns now houses Food Folks, a locally-focused food concept that houses 10 F&B brands and a retail area that sells more than 800 food-related items from over 120 brands.

 

Convenient Access to Education Institutions

There is a lack of schools around Tanjong Pagar where One Bernam condo is located. The nearest is Cantonment Primary School, which is a 9-minute walk away.

However, this is largely mitigated by the excellent MRT transport network that provides convenient access to a number of schools outside the CBD. In fact, most of these schools and education institutions can be reached within 15-30 minutes.

 

Served By An Excellent MRT Network

One Bernam condo is served by an excellent MRT network. The Tanjong Pagar station is less than 5-minute walk away. One station from it is the Raffles Place and Outram Park MRT stations respectively. Raffles Place is an interchange station for the East-West/North-South Lines while Outram is an interchange for the East-West/North-East Lines.

More MRT interchange stations can be found at Dhoby Ghaut (North-South/North-East/Circle Lines) and Chinatown (North-East/Downtown Lines). Together, this expansive train network will provide residents of One Bernam condo convenient inter-modal transportation to almost every part of Singapore, as well as a more pleasant commuting experience.

And by 2025 when the Circle Line “closes” its loop with the construction of three new stations – Prince Edward, Cantonment and Keppel – it will further improve connectivity. The Prince Edward station is just a 5-minute walk from One Bernam and it will provide more commuting options. On one end, it will connect directly to Harbourfront where VivoCity, Singapore’s largest lifestyle mall, is located. On the opposite direction, it brings residents straight into Marina Bay, an interchange station for the Circle, North-South and the future Thomson-East Coast Lines.

 

Conclusion – A Promising Investment Opportunity

One Bernam Condo has a lot to offer. Being located in the prime Central Business District (CBD) where many global MNCs are headquartered, there will be no lack of rental demand from high-earners working in the area, especially expatriates. This is reflected by the attractive rental yields of around 3.5% for similar residential properties in the area.

Although the CBD is dominated by mostly skyscrapers and glittering modern buildings, which may look "cold" and "hard", this is set to change with the Singapore government's CBD and Strategic Incentive Schemes that encourage existing commercial building owners to convert them into mixed-use developments. This will help to rejuvenate the area and make it more liveable and exciting.

This will complement the remaking of Downtown Singapore with more greenery, amenities and recreational facilities, transforming it into a global financial hub that is more dynamic as well as an attractive place to work, live and play.

Together with URA Master Plans for the Greater Southern Waterfront, Rail Corridor and Sentosa, these exciting transformations will boost the prestige and desirability of the area, making it one of the most coveted addresses in Singapore. This will in turn underpin property values.

 

Address: 2 Bernam Street, Singapore 078852

 

 

Edited March 2, 2021 by Sg Home Investment