The mixed-use development One Bernam is nearing sellout after a wildly successful weekend promotion. With just three penthouses remaining, this iconic Central Business District (CBD) development is capturing attention as a premium asset.

Weekend Discounts Fuel Frenzy

From Jan 11 to 12, One Bernam offered 87 units at promotional prices. The 99-year leasehold apartment tower first launched in May 2021. By Jan 10, over 75% of the units were sold at an average price of $2,585 psf, according to caveats lodged.

Buyers had access to deals on one- to three-bedroom units and penthouses, enticing both investors and homebuyers alike. For example, one-bedroom homes saw price reductions of $323,000 to $438,000, bringing final prices between $1.295 million ($2,934 psf) and $1.328 million ($2,869 psf).

More Room, Bigger Savings

Family-friendly two-bedroom layouts offered discounts from $437,000 to $668,000, resulting in prices from $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf). Additionally, two-bedroom plus study units ranging from 807 to 872 sq ft saw discounts of $380,000 to $800,000, with sales prices between $2.139 million ($2,581 psf) and $2.158 million ($2,475 psf).

For those seeking larger homes, three-bedroom units spanning 1,421 sq ft offered reductions of $616,000 to $830,000, with prices ranging from $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf).

Understanding Buyer Trends at One Bernam

According to Marcus Chu, CEO of ERA Singapore, the weekend’s sales performance underscores strong interest in One Bernam as a stable and high-potential investment. He revealed that 78% of purchasers were investors, and 87% of buyers were Singaporeans, with the majority aged 31 to 50.

With nearly all units sold, only three penthouses remain available: two three-bedroom units (1,744 sq ft and 1,948 sq ft) and a spacious five-bedroom unit (4,306 sq ft).

Rental Yields and Investment Outlook

Slated for completion in March 2026, One Bernam is expected to generate rental income for investors. Nearby properties such as Altez, 76 Shenton, and EON Shenton currently fetch monthly rents of $6.90 psf to $7.40 psf, according to EdgeProp Landlens.

The project also benefits from local demand, especially after Additional Buyer’s Stamp Duty (ABSD) increases in 2023 reduced foreign competition.

Lentor Central Residences Condo

Final Thoughts: Why One Bernam Stands Out

One Bernam’s near sellout is a testament to the project’s appeal in Singapore’s property market. Would you explore similar promotions?