Over the weekend of January 11 to 12, One Bernam, a mixed-use development with 351 residential units in Tanjong Pagar, offered 87 units for sale at discounted prices. The 99-year leasehold apartment tower, developed jointly by MCC Land and Hao Yuan Investment, was first launched in May 2021. As of January 10, over 75% of the units were sold at an average price of $2,585 per square foot (psf), based on lodged caveats.The promotional weekend prices applied to all 87 remaining units, ranging from one-bedroom to three-bedroom apartments and penthouses. To find out the transaction prices and availability of units, you can search for the latest New Launches Advertisement. One-bedroom units ranging from 441 square feet to 463 square feet saw discounts of $323,000 to $438,000, with prices ranging from $1.295 million ($2,934 psf) to $1.328 million ($2,869 psf).Meanwhile, two-bedroom apartments ranging from 700 square feet to 732 square feet had discounts of $437,000 to $668,000, with units sold at prices ranging from $1.752 million ($2,394 psf) to $1.78 million ($2,544 psf). Two-bedroom plus study apartments ranging from 807 square feet to 872 square feet saw discounts of between $380,000 to $800,000, with prices ranging from $2.139 million ($2,581 psf) to $2.158 million ($2,475 psf).Three-bedroom apartments of 1,421 square feet had discounts of between $616,000 to $830,000, with units sold at prices from $3.496 million ($2,461 psf) to $3.526 million ($2,482 psf).The sales performance was deemed impressive by ERA Singapore CEO Marcus Chu, who noted the strong interest in the property as a stable and high-potential asset. He also mentioned that 78% of purchasers bought their units as investments, with 87% being Singaporean and 70% in the 31 to 50 age range. After a successful weekend sale with only three penthouses remaining, reaching a total sales of 99%, there will be just those three units available going forward. These sales include two three-bedroom penthouses of 1,744 square feet and 1,948 square feet, as well as a remaining five-bedroom unit at 4,306 square feet.Chu predicts that rental income will cover loan instalments for investors when the project receives its Temporary Occupation Permit (TOP) in March 2026. According to EdgeProp Landlens, existing condos in the same area command monthly rents between $6.90 psf and $7.40 psf, including projects such as Altez, 76 Shenton, and EON Shenton. Furthermore, the decrease in competition from foreign buyers following the Additional Buyer’s Stamp Duty (ABSD) hike in 2023 opens up more opportunities for local buyers to access the market. Chu also believes that local demand will continue to drive Central Core Region (CCR) properties, as competitive pricing makes these developments an attractive and stable investment choice. If you wish to learn more about One Bernam properties, you can click here to view them on Ask Buddy. You can also view the transactions for One Bernam and compare the latest pricing trends for One Bernam properties.