The new condo at Bernam Street is an upcoming premium mixed use development right in the heart of the CBD.
Its attractive and convenient location is bound to be a major draw for investors and home stayers alike.
Even though the new condo at Bernam Street is surrounded by office buildings aplenty, the layout is specially designed to provide tranquility amidst the noise.
With many on-site facilities like an alfresco kitchen, a party pavilion and a sky BBQ area (just to name a few), residents will get to bask in luxury and comfort without stepping out of the premises.
Just 3-4 minutes away from Tanjong Pagar MRT station, the new condo at Bernam Street is strategically located to provide ease of access for residents.
It is also close to major expressways like AYE, CTE and MCE.
One of the biggest perks of the new condo at Bernam Street is the centralized CBD location. Any and all amenities associated with quality living is close by, including dining, shopping and entertainment.
Shopping malls within walking distance include 100 AM and Icon Village. Residents can satisfy all their food cravings with the large variety of international cuisine available in those malls and nearby buildings.
For cheaper alternatives, the critically-acclaimed Amoy Street food centre is home to many famous stalls selling affordable yet mouth-watering hawker fare.
Investment-wise, the new condo at Bernam Street is likely to attract a higher class of tenants, who don’t mind paying top dollar for a truly luxurious lifestyle close to their work places.
With the development of the nearby Greater Southern Waterfront set to get underway, residents can enjoy the inevitable capital appreciation as a by-product of improved area conditions.
In other words, investors of the new condo at Bernam Street can expect a variety of profit paths that can easily fulfil their investment goals.
Bernam Street Mixed Development Project Summary
|Developer||Hao Yuan Realty Pte Ltd|
|Condo Name||To Be Announced|
|TOP Date||To Be Announced|
|Total Units||Estimated 250 in total|
|Tenure||99 year leasehold|
|Address||Bernam Street Singapore|
|Facilities||Swimming Pool, BBQ Pits, Gym, Function Room. Retail Outlets On Lower Floor|
Bernam Street New Condo Location
The new condo at Bernam Street is just 3-4 minutes away from Tanjong Pagar MRT station, and also close to other stations like Clarke Quay, Shenton Way, Raffles Place and Maxwell. It is also located in between the upcoming Cantonment MRT and Prince Edward MRT station which is along the Circle Line.
An abundant array of bus stops are scattered across the vicinity, making traveling by public transport convenient and simple.
For drivers, it is close to major expressways like AYE, CTE and MCE.
Bernam Street New Condo Pricing
Based on the bid price of $1,463 psf ppr submitted by Hao Yuan, the estimated breakeven price for the Bernam Street land would be $2,100 psf.
Bernam Street New Condo Floorplans
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The new condo at Bernam Street’s centralized CBD location makes it a hotbed for all types of amenities. There are many dining, shopping and entertainment options within walking distance.
Popular malls in the area include 100 AM and Icon Village. The large variety of restaurants in the area are sure to satisfy every resident’s taste buds.
A more affordable option is at the nearby Amoy Street food centre; home to many famous hawker stalls. Best to go early to avoid the snaking long queues!
Comparative Market Analysis
There aren’t many residential developments in District 2 (Tanjong Pagar area), compared to other parts of Singapore.
In an area dominated by high-rise office buildings, residential developments are forced to play second fiddle in terms of quantity.
Quality-wise however, less is in this case, definitely more.
District 2 properties make up for their fewer numbers with high prices; some of the steepest in Singapore as seen from the table above.
However, the value it provides is well-worth the money. District 2 properties tick all the boxes for key considerations like convenience, amenities, and transport.
The new condo at Bernam Street can potentially do better than its District 2 counterparts. Especially since its location is arguably the most strategic of the lot.
This is likely to attract high-quality tenants who can afford pricier rental rates, in exchange for a better quality of life.
Rental Volume Overview
As mentioned above, District 2 properties have the ability to command high rental rates.
This may affect rental volume to a certain degree. But it’s more than adequately compensated by the higher quantum/profits per rental.
A quick glance at the table above will show that even though rental volume isn’t as high as other more affordable areas, numbers are still healthy.
The good news is that rental volume is projected to grow in future. As Singapore begins importing more C-Level executives to our shores, the new condo at Bernam Street is very possibly, a prime choice for their temporary homes.
Rental Yield Overview
Traditionally, District 2 properties tend to make sizable profits for landlords.
District 2’s centralized location is a key factor in attracting tenants looking for fast commutes to their work places in the CBD.
The new condo at Bernam Street has a slight advantage over other District 2 properties, as its status as a mixed use development offers greater convenience.
The unique structural design aimed at providing tranquility also differentiates it positively from other run-of-the-mill condos.
Although prices have not been released, it’s safe to assume that the new condo at Bernam Street will be a savvy investment that can reap long-term rental income.