One Bernam

One Bernam is a brand new mixed development in the Central Business District, Tanjong Pagar.

The development will yield 351 luxury apartments with 2-level of commercial units.

One Bernam offers wide unit choices spanning from 1-Bedroom to 3-bedroom including 3 penthouses.

One Bernam condo

One Bernam Project Detail

Project Name One Bernam
Developer MCC Land
Address 1 Bernam Street
District D02
Property Type Pure Residential, twin towers with 36-storey
Tenure 99 years
Land Size 41,400 sqft
Total Units 351 units
Unit Mix 1 Bedroom (441-463 sqft) - 87 units
2 Bedroom (700-732 sqft) - 116 units
2 + Study (807-872 sqft)
3 Bedroom (1421 sqft) - 29units
Penthouse (1744 sqft, 1948sqft & 4306sqft)- 3 units
Expect TOP Date 2025
One Bernam condo swimming pool

One Bernam Condo Location

One Bernam condo is surrounded by popular mixed developments such as Icon, International Plaza, and Wallich Residence.

One Bernam is a luxury high rise mixed-development at the junction between Anson Road and Tanjong Pagar Road.

With the close distance to Marina Bay Financial District, this is a wonderful location who suits those love vibrant.

The entrance to One Bernam is along Bernam Street (one-way road) that links between Tanjong Pagar Road and Anson Road.

Here, you may want to zoom in to understand more about its location.

Accessibility

One Bernam is not only near to one MRT station, but two in 2025.

Located a 5 min walk away from Tanjong Pagar MRT station (East-West Line) and the upcoming Prince Edward MRT station (Circle Line 2025).

This is just in time whereby One Bernam is expected to obtain TOP in 2025 as well.

So from 2025 onwards, the residents are just one stop away from Marina Bay MRT interchange.

The nearest MRT station

  • Tanjong Pagar MRT (5 min walk)
  • Prince Edward MRT (5 min walk)

Shopping nearby

  • 100AM (just opposite)
  • Vivo City (3 MRT stops away or 7 min drive)

There is NTUC Fairprice at 100AM and Cold Storage at Altez. Both are just 1 min walk or 1 street away.

Whereas, Vivo City is one of the biggest malls in Singapore. You can get everything you need.

Primary Schools nearby

  • Cantonment Primary School -> within 1 km
  • CHIJ Kellock -> between 1-2 km
Primary School near One Bernam condo
One Bernam condo sky terrace

Future Development near One Bernam

1.  Complete Loop of Circle Line in 2025

The newly planned 3 MRT stations – Keppel, Cantonment, and Price Edward will add convenience to the residents of One Bernam from 2025 onwards.

Joining 2 very important nodes between Marina Bay and Harbourfront MRT interchange, so you are able to travel to both interesting destinations in just 1 and 3 stops.

Circle Line Loop Prince Charles MRT near One Bernam condo

That said, your property value will be increased and may be able to take profit immediately after TOP or renting out at a higher rate.

2.  Greater Southern Waterfront

By now, everyone should know or hear about Greater Southern Waterfront development.

Greater Southern Waterfront near One Bernam condo

The Greater Southern Waterfront, which extends from Pasir Panjang to Marina East, will be transformed into a new major gateway and location for urban living along Singapore’s southern coast.

Development will take place in phases, starting with the former Pasir Panjang Power District, Keppel Club and Mount Faber in the next 5 to 10 years.

One Bernam Condo Developer

MCC Group is China’s largest manufacturer of steel structures and one of the largest metallurgical contracting companies in the world.  They have business operations in more than 90 countries.

Currently, they are listed in both Shanghai and Hong Kong Stock Exchanges.  MCC has assets of US $7.7 billion in 70 subsidiaries either wholly-owned or through a joint partnership. And yes! MCC Land is its subsidiaries.

As of today, MCC Land has completed 11 projects in Singapore, which include:

One Bernam Condo Facilities

One Bernam Condo Floor Plan

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One Bernam Condo Pricing & Analysis

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One Bernam condo price

At the moment, we don’t have the official price list yet.

So, what we can do now is to guestimate the selling price based on the developer’s breakeven cost.

This is to avoid buying into a project whereby the developer marks up the price way higher with a buffer to discount later on.

According to EdgeProp, the breakeven is $2,178 psf.  So after factoring in a 20% profit margin, the average selling price is estimated to be around $2,614 psf.

Profit Margin 15% 20% 25%
Estimated Price $2,505 psf $2,614 psf $2,723 psf

Price Comparison Analysis near One Bernam

Ok, let’s compare One Bernam and the projects nearby.

I analyze the various price points based on the factors involved.

PROJECT NAME TENURE NO. OF UNITS TOP AVERAGE PRICE (PSF) COMPARISON POINT
One Bernam 99 351 2024/2025 ~ $2,614
Wallich Residence 99 181 2017 $3,415 New Launch nearby Competitor
Onze @ Tanjong Pagar Freehold 56 2017 $2,386 Resale Nearby Proximity
SkySuites @ Anson 99 360 2014 $2,291 Resale Immediate Proximity
Altez 99 280 2014 $2,081 Resale Immediate Proximity
Icon 99 646 2007 $1,858 Resale Nearby Proximity

Source: EdgeProp as of 2 March 2021.

My Review: One Bernam condo

One Bernam is positioned to bring about huge convenience to amenities for its residents. However, the small land size with the limited facilities is not the advantage in this project.

Price-wise? In my opinion, the location is good for the buyers who want to stay near their workplace in CBD.

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