One Bernam Pricing Outlook
HY Realty Pte. Ltd. emerged with a winning bid of $440.9 million, beating three other bidders in a government land sales tender. Based on the land size of 3,846.2 sqm and a plot ratio of 7.28, the gross floor area works out to be 28,001.0 sqm which translates to a land price of about $1,463.0 per square foot per plot ratio (psf ppr).
With construction cost, land financing cost, professional/legal/taxes cost, etc. added to the land cost, the estimated breakeven price for the developer is about $2,264 per sq ft per plot ratio. With an initial 10% to 25% profit margin, buyers can expect the units at One Bernam to be priced at around $2,490 to $2,830 per sq ft.
As a reference guide, we have included the expected starting price for you.
| BEDROOM TYPE | UNIT TYPE | SIZE | NO. OF UNITS |
|---|---|---|---|
| 1 Bedroom | A1 | 42 sqm / 452 sqft | 29 |
| 1 Bedroom | A2 | 41 sqm / 441 sqft | 29 |
| 1 Bedroom | A3 | 43 sqm / 463 sqft | 29 |
| 2 Bedroom | B1 | 68 sqm / 732 sqft | 29 |
| 2 Bedroom | B2 | 68 sqm / 732 sqft | 29 |
| 2 Bedroom | B3 | 65 sqm / 700 sqft | 29 |
| 2 Bedroom | B4 | 65 sqm / 700 sqft | 29 |
| 2 Bedroom + Study | BS1 | 77 sqm / 829 sqft | 29 |
| 2 Bedroom + Study | BS2 | 77 sqm / 829 sqft | 29 |
| 2 Bedroom + Study | BS3 | 75 sqm / 807 sqft | 29 |
| 2 Bedroom + Study | BS4 | 81 sqm / 872 sqft | 29 |
| 3 Bedroom | C1 | 132 sqm / 1421 sqft | 29 |
| Penthouse | E1 | 400 sqm / 4306 sqft | 1 |
| Penthouse | E2 | 181 sqm / 1948 sqft | 1 |
| Penthouse | E3 | 162 sqm / 1744 sqft | 1 |
| BR TYPE | UNIT TYPE | SIZE | UNIT QTY |
|---|---|---|---|
| 1 Br | A1 | 42 sqm/ 452 sqft | 29 |
| 1 Br | A2 | 41 sqm/ 441 sqft | 29 |
| 1 Br | A3 | 43 sqm/ 463 sqft | 29 |
| 2 Br | B1 | 68 sqm/ 732 sqft | 29 |
| 2 Br | B2 | 68 sqm/ 732 sqft | 29 |
| 2 Br | B3 | 65 sqm/ 700 sqft | 29 |
| 2 Br | B4 | 65 sqm/ 700 sqft | 29 |
| 2 Br+ Study | BS1 | 77 sqm/ 829 sqft | 29 |
| 2 Br+ Study | BS2 | 77 sqm/ 829 sqft | 29 |
| 2 Br+ Study | BS3 | 75 sqm/ 807 sqft | 29 |
| 2 Br+ Study | BS4 | 81 sqm/ 872 sqft | 29 |
| 3 Br | C1 | 132 sqm/ 1421 sqft | 29 |
| 5 Br PH | E1 | 400 sqm/ 4306 sqft | 1 |
| 3 Br PH | E2 | 181 sqm/ 1948 sqft | 1 |
| 3Br PH | E3 | 162 sqm/ 1744 sqft | 1 |
Competitive Market Analysis (New Launch)
(May 2020 - May 2021)
| PROJECT NAME | TENURE | DISTRICT | AVERAGE SELLING PRICE |
|---|---|---|---|
| The Landmark | 99 | 03 | $2,153 |
| One Pearl Bank | 99 | 03 | $2,463 |
| Riviere | 99 | 03 | $2,599 |
| Irwell Hill Residences | 99 | 03 | $2,636 |
| The M | 99 | 07 | $2,648 |
| Sky Everton | Freehold | 02 | $2,688 |
| Midtown Modern | 99 | 07 | $2,768 |
| Midtown Bay | 99 | 07 | $3,052 |
Competitive Market Analysis (Rental)
(May 2020 to May 2021)
| PROJECT NAME | BUILT | DISTRICT | AVERAGE PSF PER MONTH |
|---|---|---|---|
| International Plaza | 1976 | 02 | $3.00 |
| The Beacon | 2008 | 02 | $3.60 |
| Craig Place | 2000 | 02 | $4.60 |
| Icon | 2007 | 02 | $4.90 |
| Lumiere | 2010 | 02 | $4.50 |
| 76 Shenton | 2014 | 02 | $5.30 |
| Altez | 2014 | 02 | $6.00 |
| Dorsett Residences | 2013 | 02 | $5.80 |
| Spottiswoode 18 | 2014 | 02 | $5.70 |
| Skysuites@Anson | 2014 | 02 | $6.70 |
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