Project Name: One-North Eden
Property Developer: TID Pte Ltd (a joint venture between Hong Leong Group and Mitsui Fondan)
Neighbourhood: Clementi, District 5
Address: 8 Slim Barracks Rise, 138492
No. of Units: 165 residential units and 6 commercial units
Tenure: 99-year leasehold
Completion Date: 2021
Where do you go when the city gets a little too loud, too fast? If there’s any place that can offer comfort, peace, and rest, it is home. At the heart of a bustling city centre like the One-North research and business park, it is One-North Eden.
The joint venture between Hong Leong Group and Mitsui Fondan is a 99-year leasehold, 165-unit new launch condo located along Slim Barracks Rise in District 5. It is rising as a property hotspot as more global tech giants set up their regional offices in the area, bringing new employment opportunities that add to One-North Eden’s investment potential.
The Investment Potential of One-North Eden
- One-North: A Silicon Valley-inspired cluster of key growth sectors
- Global tech giants moving to the neighbourhood
- One-North Eden is one of the only residential options in the area
- Upswing in new private home sales in March 2021
- Strategic location to major transformation
- Excellent transport connectivity
- Diverse amenities
One-North: A Silicon Valley-inspired cluster of key growth sectors
One-North Eden can be found within the One-North neighbourhood, 200-hectare research and business park where residents can enjoy a live-work-play lifestyle.
It was conceptualised in 2001, master-planned and master-developed by JTC, to be an integrated community where industry-centric developments blend seamlessly with residential communities like One-North Eden.
Much like its name, One-North Eden is a residential paradise for those looking to have the best of both worlds: live at the forefront of innovation and hide away at home for rest and rejuvenation.
You’ll find autonomous mobile robots and driverless cars just as easily as trendy cafes and restaurants, building a vibrant ecosystem of indoor and outdoor collaborative spaces that foster interaction and provide relief from work—reminiscent of the Google and Facebook campuses in Silicon Valley.
Global tech giants moving to the neighbourhood
One-North is home to prestigious tenants such as Google, Unilever, Shoppee, and Grab, with Tencent, ByteDance, Paypal, and more planning to set up their regional offices in Singapore.
The influx of such employment generators may be a boon to the real estate market as their expansion plans can attract a large group of high-income talent to move into the neighbourhood, driving up rental demand along with their company’s wealth growth.
Grab, for example, is expecting to hire 350 more employees at its new headquarters in One-North, which may draw investor attention. Investors and buyers intending to purchase new private properties for rental income may find a sufficient supply of future hires ready to move closer to their workplace, which may raise property prices or the rental rates.
The new hires will be developing Grab’s digital banking businesses and supporting micro-enterprises in their digital transformation. According to Nikkei Asia, the government has been working on introducing a new framework to facilitate the investment of funds as billionaires continue to invest in Singapore.
Two of such investors are Zhang Hanzhi of the Haidilao dynasty and Google co-founder Sergey Brin, with investment portfolios worth billions in real estate and assets.
Well-heeled investors and cash-flush buyers like Zhang and Brin may continue to grow their investment portfolios in tandem with their wealth through real estate, primarily private residential properties that can give more stable returns in the long run.
Foreign buyers and investors like them will most likely provide developers with the bulk of demand for the condo units to be released this year, especially as there’s a shortage of mega-launches in the mass market and city-fringe areas—like One-North.
One-North Eden is one of the only residential options in the area
One-North Residences was the only resident option in the neighbourhood for a time. Many tenants chose to live in the Buona Vista area, even though One-North is a tech and media hub with a good supply of prospective tenants.
Normanton Park has since remedied the situation, a mega-project that became one of the top-selling developments this year; accountable for about 600 transactions in January. And now, the addition of One-North Eden will provide buyers and investors with a new investment opportunity.
Upswing in new private home sales in March 2021
The current new home sales prove there is healthy demand for private homes as reports show developers have sold 1,296 private homes just last month (excluding ECs), 16 of which were priced at more than $5 million each. The rest were sold at above $1.5 million.
In fact, the total investment sales in the first quarter of the year rose 25.8 per cent from the previous quarter, and 47.9 per cent from a year earlier to $2.9 billion, as sentiment improved amid the reopening of the city-state’s economy.
Analysts have attributed the surge in sales to FOMO—the fear of missing out on investment opportunities before the new property cooling measures are implemented, which limits investors’ ability to own a second or third property.
While that may be true, a more plausible reason for the upswing in private new home sales can be due to typical factors that attract buyers, such as good location, attractive facilities, diverse amenities, and right pricing.
Strategic location to major transformation
One-North Eden isn’t just connected to One-North, but also other upcoming developments projected to increase demand in the area.
Jurong Lake District
The new project is sandwiched between Jurong East and Lakeside, a commercial-business hub and recreational hub, respectively.
URA has long since released its plans to make Jurong East the second CBD of Singapore, a 360-hectare business district offering quality offices, housing, amenities, and green spaces.
A complementary leisure and recreational cluster will also be developed around it to spotlight its unique lakeside and green setting.
You can also look forward to the Greater Southern Waterfront, which is expected to create spaces for redevelopment between Marina East and Pasir Panjang. It will stretch along Singapore’s southern coastline and is about six times the size of Marina Bay and twice the size of Punggol.
Positioned to become a new destination for urban living, Greater Southern Waterfront is expected to raise employment opportunities. With giant corporations like Unilever, Cisco, and Google establishing their offices near Labrador Park, plans to create more office spaces in the Greater Southern Waterfront are well underway. It could drive up the rental demand from foreign talents, recruited by major corporations, who prefer living near their workplaces.
Development plans also include improving accessibility across the region: A continuous waterfront promenade will seamlessly connect various places of interest along the Greater Southern Waterfront. Along this corridor, the new Pasir Panjang Linear Park will connect West Coast Park to Labrador Nature Reserve, and Sentosa Island to the 24-km Rail Corridor.
Thomson-East Coast Line (TEL)
Public transport links will also be added in the Greater Southern Waterfront, headed by the upcoming Thomson-East Coast Line (TEL). It was first announced on 15 August 2014, formed by the merger of the planned Thomson Line (TSL) and Eastern Region Line (ERL).
The TEL is expected to open in stages from 2020 to 2025, although originally slated to open by 2019. It’s linked to all five existing MRT lines, strengthening the resilience of the rail network by providing alternative travel routes for commuters on other lines.
List of Train Stations:
Thomson-East Coast Line 1 (Opened 31 January 2020)
- Woodlands North
- Woodlands South
Thomson-East Coast Line 2 (Opening Q3 2021)
- Bright Hill
- Upper Thompson
Thomson-East Coast Line 3 (Opening 2022)
- Mount Pleasant
- Orchard Boulevard
- Great World
- Outram Park
- Shenton Way
- Marina Bay
- Marina South
- Gardens by the Bay
Thomson-East Coast Line 4 (Opening 2023)
- Founders’ Memorial*
- Tanjong Rhu
- Katong Park
- Tanjong Katong
- Marine Parade
- Marine Terrace
*The Founder’s Memorial station will open in tandem with Founders’ Memorial itself in the future.
Thomson-East Coast Line 5 (Opening 2024)
- Sungei Bedok
When fully operational by 2025, the TEL is expected to serve approximately 500,000 commuters daily in the initial years, with the figure rising to about one million commuters in the longer term.
In the Land Transport Master Plan 2040, a future extension, the Thomson-East Coast Line Extension, was mentioned. The extension will extend the line from the eastern Sungei Bedok terminus to Tanah Merah, via Changi Airport Terminal 5 and Expo.
One-North Eden has excellent transport connectivity
Other transportation nodes include the One-North Rider shuttle bus, which offers routes to most establishments within the neighbourhood. The One-North MRT can also connect you to the rest of Singapore via the Circle Line.
Meanwhile, those who prefer driving will find the nearby Ayer Rajah Expressway (AYE) extremely convenient. It’s only a 15-minute drive to the CBD and a 14-minute drive to the Orchard shopping district via Holland Road.
There are also diverse amenities surrounding One-North Eden
One-North Eden is also close to educational institutes, which eases the situation for families with children of varying ages.
Here are the list of schools in the area:
- Clementi Primary School
- Nan Hua Primary School
- Pei Tong Primary School
- Qifa Primary School
- Clementi Town Secondary School
- Nan Hua High School
- New Town Secondary School
- Tanglin Secondary School
- Kent Ridge Secondary School
- NUS High School of Math and Science
- School of Science and Technology Singapore
Tertiary Educational Institutions
- National University of Singapore (NUS)
- SIM GE (Global Education) / Singapore University of Social Sciences (SUSS)
- Ngee Ann Polytechnic
Malls and eateries
Rochester Mall is an eight-minute walk away from the condo, and The Star Vista is 11 minutes away on foot. This brings you to a vast array of entertainment and retail options, especially as more pedestrian malls will be added as part of the Holland Village Extension.
The Holland Village Market Food Centre and Commonwealth Avenue Wet Market & Food Centre are only a short walk away for tasty and affordable hawker fare,
Green spaces and parks
One-North Eden is also close to an abundance of green spaces and parks, such as One-North Park (less than a five-minute walk away from the condo) and Kent Ridge Park (a six-minute drive). These are two great weekend destinations for those looking to surround themselves in nature or for parents to spend time with their kids doing something fun and active.
More on One-North Eden: An Urban Oasis
One-North Eden provides a good mix of one- to -four-bedroom units with 13 types of configurations, most of which come with high ceilings that enhance a space. They are also designed for today’s remote workforce, with USB ports in various areas, including the living, dining, and master bedrooms.
The one-bedder and two-bedder units have a dumb-bell layout, which refers to when bedrooms are on either side of a central living or dining room, to maximise the space. It is the ideal unit for shared tenants as the separate bedrooms allow for more privacy.
Most of the bigger units have living and dining rooms, as well as both bedrooms, located side by side in a rectangular shape. It would be ideal for families with children as it makes taking care of their kids at night more effortless.
One-North Eden’s smart homes
Each unit is equipped with quality brands such as Zuchetti, Mitsubishi Electric, Bosch and Geberit, and Daikin. And each resident will have access to the Smart Community mobile app for visitor management, facilities, estate management, and concierge services.
Besides that, residents can control the air conditioners (in the living and master bedrooms only) with just one tap.
Those with an affinity for online shopping can also securely access their parcels 24/7 via Smart Parcel at One-North Eden.
It is also equipped with a facial recognition system at the lobbies (for the basement and the first and second stories only) and varied access modes via a digital lockset at the doorstep to facilitate safe entry.
A look at their facilities
The number of facilities in One-North Eden is not as extensive as those in bigger developments but that is to be expected with the limitation of space.
But the facilities offered are still adequate for a project of its size: Besides the usual 50-metre lap pool, jacuzzi, and gyms, there are also quite a few unique offerings like the Nature Tree Walk, Nature Playground, and Visual Sky Garden.
Here’s the full list of facilities in One-North Eden:
- BBQ Pavilion
- Grass Lawn
- Nature Tree Walk
- Ginger Bud Gazebo
- Outdoor Shower Point
- Alfresco Pavilion
- Nature Playground
- Chill Out Deck
- Outdoor Fitness Court
- Hammock Lawn
- Relaxation Alcove
- Island Deck
- Wading Pool
- 50m Lap Pool
- Kids Pool
- Cantilever Gym
- Sun Deck
- Clubhouse (Function Room & Changing Room)
- Visual Sky Garden
Express your interest in One-North Eden Condo
There’s no better time than now to invest in such a hot-ticket new launch condo! Get the price details, schedule an appointment to visit the showroom, and learn more about the project with an Ohmyhome Super Agent.