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One-North Eden is a mixed-development project that is located at One-North Gateway, District 05 Buona Vista / West Coast. This GLS site is not only within walking distance to one MRT Station (Buona Vista MRT Station) but also just within 3 minutes walking distance to One-North MRT Station.
With a land site of 5778.7 square meters (sqm) or 62,202 square feet (sqft), the maximum allowable Gross Floor Area (GFA) is 14,447 sqm or 155,506.21 sqft. One-North Eden will be featuring commercial space on the first floor and a total of 165 residential units comprising of 1-bedroom to 4-bedroom which is targeted to complete by 06 March 2023.
A total of 9 developers submitted their interest for the One-North Eden GLS site. TID Residential Private Ltd, which is a consortium between Hong Leong Holdings and Mitsui Fudosan won the tender with the highest bid at S$155,738,074 This is equivalent to around S$1001 per square foot per plot ratio (psf ppr). Peak Vista came very close with a bid of S$153.6 million, which translates to $987.74 psf ppr. Winvale Investment Private Ltd tendered the lowest bid of S$797.39 psf ppr.
Government Land Sale (GLS) Land Parcel (One-North Eden) Tenders
|Tenderer||Tender Bid ($)|
|TID Residential Pte. Ltd.||$155,738,074|
|Peak Vista Pte Ltd||$153,550,000|
|Laguna Garden Limited||$151,777,000|
|UED Alpha Pte. Ltd.||$150,181,051|
|JBE Development Pte Ltd||$147,325,000|
|HD Universal Pte. Ltd.||$141,290,000|
|HY Realty Pte. Ltd.||$138,900,000|
|Sim Lian Land Pte Ltd||$138,500,000|
|Winvale Investment Pte. Ltd.||$123,999,999|
There are a few reasons that One-North Eden manages to attract a healthy number of bidders. The last launch for residential development at the One-North area was in the Year 2005.
With the limited unit availability in the private residential market and growing tenant pool due to Razer, a technology firm and Grab, a ride-hailing start-up having their headquarters in One-North Region, One-North Eden show great potential as there is already strong demand for housing in the area.
One-North Eden Project Details
|Showflat Location||One-North Gateway|
|Developer Sales Hotline||+6561000203|
|Est Indicative Selling Price Range||Estimate S$2000 psf|
|Tenure||99 years leasehold|
|No of Units||165 Units|
|Land Area||5,778.7 SQM|
|Developer’s Licence No:||C1380|
|Project Account No:||10505800|
|Financial Institution:||Sumitomo Mitsui Banking Corporation|
One-North Eden is truly a mixed-development that emphasis the concept of living. The convenient access to various shopping malls and the ease of travelling to the other parts of Singapore are vital for day-to-day activities.
The time save on essential day-to-day activities like travelling and grocery shopping can be redirected into quality time spend with your loved ones.
One-North Eden as the name suggests is located in proximity to business hubs like One-North. One-North is designed to house technology and innovative companies. Biopolis and Fusionpolis are 2 Research and Development (R&D) hubs that are located within One-North.
Razer, a gaming hardware and fintech firm is going to establish their new South-East Asia headquarter (HQ) at One-North technology business park. They are going to hire about 1000 positions for their new HQ.
The ride-hailing giant, Grab is also building a new HQ at One-North technology business park as they expand their operations.
With the existing workforce and new employment opportunities, the current residential supply (limited) around the One-North region is not able to keep up with the housing needs.
One-North Eden is the latest residential development since the Year 2005. We expect that the development will have a very healthy number of interested buyers as the development show great potential in terms of high rental demand and capital appreciation due to limited supply.
One-North Eden is located within walking distance from several reputable educational institutions. These popular schools will be able to provide an excellent learning environment for your children which is a very important phase for every child.
Below are some popular schools that are within proximity of One-North Eden:
For higher education, the National University of Singapore (NUS) and Singapore Polytechnic are also nearby to provide additional great options for residents in One-North Eden.
For pre-schools, there are plenty of choices in-terms of kindergartens, nurseries, and child-care centres that are located close to One-North Eden.
When it comes to PLAY in One-North Eden, there are plenty of entertainment s available for the residents of One-North Eden. Rochester Mall and The Star Vista are within walking distance from One-North Eden. Besides a great retails experience provided by the malls, excellent dining options are also available for you.
For nature lovers, One-North Park and Kent Ridge Park have a lot to offer for you.
One-North Park is just around 5 minutes walking distance from One-North Eden. With a size of 16-hectare, the park has sufficient space for you to relax and engage in various activities.
Kent Ridge Park offers jogging tracks and 20 fitness stations. Besides a chance to see doves, sunbirds, squirrels, and lizards along the 280 meters Canopy Walk that links HortPark, a natural pond at the eastern side of the park also has fishes and turtles.
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