One-North Eden Condo, Mixed-Use Development in District 5

[Sg Home Investment 0]

One-North Eden is a 99-year leasehold development consisting of residential with commercial at first storey. The site is sandwiched between One-North Gateway and Slim Barracks Rise in Singapore’s District 5. It will occupy a land size of 62,201 sq ft that will yield 165 residential units.

According to JTC Corporation (JTC) which manages one-north, the Government Land Sale (GLS) for the site is “a continued effort to inject more residential spaces in the one-north estate to meet the housing needs and enhance the area as a vibrant mixed use business park that serves as a fertile ground for research, innovation and entrepreneurship”.

 

About one-north

Conceptualised in 2001, one-north is a vibrant work-live-play-learn research and business park that serves as a fertile ground for collaboration, innovation and business growth.

JTC was appointed as the lead agency to undertake the master plan for the 200-hectare development. Today, one-north has grown to become an icon of Singapore’s knowledge economy with a focus on key growth sectors, namely biomedical sciences, infocomm technology and media, and startups, supported by capabilities in science and engineering.

Its unique work-live-play-learn environment enables the integration of industry-centric developments with residential communities, lifestyle options and educational institutes to provide a vibrant environment for innovative minds to congregate, collaborate, and create.

Recently, it has added companies such as Grab and Razer to its list companies that have set up their operations in one-north. The Grab facility is expected to house up to 3,000 employees and this could be a source of potential housing demand from affluent tech workers who work long hours and hence, prefer to live nearby to shorten their commute.

Other than Grab and Razer, global tech giants such as Tencent, ByteDance and Alibaba are planning to set up their regional headquarters in Singapore. This will create a substantial number of new jobs and attract talented people with high-earning power to work here. And according to the Economic Development Board, 80% of the world’s top 100 tech firms have a regional headquarter in Singapore and they include Google, Amazon and Facebook, just to name a few.

The nearby Science Park 1 & 2, and the upcoming Dover Knowledge District make up the Greater one-north. Together, they are expected to propel Singapore’s future economic growth by attracting more knowledge-intensive and high-tech companies to set up their operations in the precinct.

Currently, one-north is home to more than 400 companies, 800 startups and 50,000 professionals. It has attracted over S$7 billion worth of investments in critical growth industries such as the biomedical, info-communications and media. The location is also a talent development hub, home to world-renowned business schools and corporate universities.

 

One-North Eden Condo Site Location

The One-North Eden condo will be situated on a piece of land measuring 62,201 sq ft. Although not particularly large, it’s almost rectangular shape will enable the developer to maximise the land usage. Bounded between one-north Gateway and Slim Barrack with a north-west/south-east orientation, this will ensure it will avoid directly facing the morning and afternoon sun.

One-North Eden is flanked by the one-north Park and Nepal Park. Being tucked away from the main North Buona Vista Road will ensure a tranquil and green living environment.

One of the most appealing features of one-north is the conservation of heritage buildings around Rochester Park and Wessex Estate. These old black and white colonial bungalows and apartments have been restored and adapted for various uses – as residential homes, restaurants, offices and even an art school.

One-North Eden is not far from many public housing estates such as Holland Road, Dover Road and Clementi. This will ensure easy access to a wide range of amenities. Hence, it will appeal to people working in the surrounding areas as well as those in one-north.

 

 

Edited March 2, 2021 by Sg Home Investment