One-North Eden is a mixed development with commercial at the first storey. The site, which occupies an area of 62,201 Sq ft , is estimated to house 165 units. Due to growing housing demands and limited private residential projects in the One-North estate, the One-North Gateway Government Land Sales (GLS) site was launched for sale to inject more residential developments. TID Residential, a joint venture between Hong Leong Holdings and Mitsui Fudosan Co came in at the top among 9 bids at $155.7 million, or $1001 per square foot per plot ratio.
One North-North Eden is targeted to launch in H2 2020. Please follow Quick Links in this review to find out more facts and analysis or feel free to register your interest / contact us for latest movement.
One-North Eden Overview
This 99 years leasehold site is located at district 5, along One-North Gateway Road. District 5 has been developing rapidly these few years to be known as a major commercial, business and lifestyle hub today. The site is strategically located right in the middle of One North area, within walking distance to 2 MRT stations. Other than that, its close proximity to leading companies, research facilities, world-class universities in Singapore also gave it an unrivalled edge and to be highly sought after.
As aforementioned, TID is a joint venture between Hong Leong Group and Mitsui Fudosan since 1972. Mitsui Fudosan is a major real estate developer in Japan with more than 300 years of establishment. On the other hand, Hong Leong Group is a globally-diversified company with over half a century of experience in the real estate industry and an impressive portfolio, making them one of the most coveted providers in the market. Hong Leong Group holds the largest non-government residential land bank, and is also ranked as one of the largest residential developers and biggest commercial landlords in Singapore’s core Central Business District.
Reasons for considering One-North Eden
1. 5 mins walk to reach MRT and Shopping Malls
2. Developers are experienced and reputable.
3. Located at high demand and low supply area
4. Close to many local and International Schools
Project Details
| Project Details | One-North Eden |
| Developer | TID, joint venture between Hong Leong Holdings and Mitsui Fudosan Co. |
| Location | 8 SLIM BARRACKS RISE SINGAPORE 138492; 10 SLIM BARRACKS RISE SINGAPORE 138493 |
| District | D05 |
| Site Area | 62,201 sqft / 5778.7 sqm |
| No. of Blocks/Storeys | 2 blocks of 13 & 15 storeys with restaurant at 1st storey |
| Payment Scheme | Normal Progressive |
| Site Use | Residential with Commercial at first storey |
| Tenure | 99 years leasehold WEF 10 Dec 2019 |
| Total No. of Units | Est. 165 |
| Expected Date of TOP | Est. 2024 |
Location
CONNECTIVITY
| Nearby MRT Station | Approximate Distance | Approximate Travel Time |
| One-North (CCL) | 353 m | 5 min walk |
| Buona Vista (CCL, EWL) | 350 m | 5 min walk |
| Nearby Bus Stop Bus services | Approximate Distance |
| Opp Anglo-chinese Jc 74, 91, 92, 95, 191, 196, 198, 200 | 212 m |
| Opp One-north Stn 191 | 220 m |
| One-north Stn 191 | 239 m |
| Aft Anglo-chinese Jc 74, 91, 92, 95, 191, 196, 198, 200 | 239 m |
Within a 5 to 6 minutes walk, future residents of One-North Eden will be able to arrive at either the One North MRT station (CL) or the Buona Vista MRT station (CL, EWL).
On the other hand, if residents choose to drive to their destination, the expressways nearby will help cut their travel time. Ayer Rajah Expressway (AYE) is a 5 minutes drive away.
WORK
As mentioned earlier, the site is close to many business hubs like One North, the 2 CBDs in Singapore. Residences working at One North can reach in just a 6 minutes walk or a 2 minutes car ride. One North is a research and business park that houses many technology and innovative international companies and research institutes. For instance, it comprises R&D hubs like Biopolis, Fusionopolis, The Star (a mall and a performing arts centre) and Rochester Park. One North aims to foster a work-live-play-learn environment through integrating various lifestyle amenities with schools, community and of course, the industry-centric hubs. Moreover, big companies like Grab and Razer recently have their headquarters built there too.
Meanwhile, a new Dover Knowledge District, an extension to one-north, will be created. It is a mixed-used site and contains business parks, academic and research institutions. With these talent hubs, more job and learning opportunities will be created in the area, signalling high rental demand.
On the other hand, Singapore’s second CBD area, Jurong Lake District is just 3 MRT stops away or 14 minutes drive away from One-North Gateway condominium. Likewise, the central CBD area is around 12 to 15 minutes car ride from the site too. In conclusion, the location of the condominium is evidently very ideal to people working in these clusters.
SCHOOL
| Level of education | Approximate Distance | Approximate Travel Time |
| Preschool school | ||
| Buttercups Kindergarten (Rochester) | 321 m | 6 min walk |
| Primary School | ||
| Fairfield Methodist School (Primary) | Within 1 km | 6 min walk |
| New Town Primary School | Within 2 km | 18 min by bus |
| Henry Park Primary School | Within 2 km | 18 min by bus |
| Secondary School | ||
| Fairfield Methodist School (Secondary) | 535 m | 12 min walk 8 min by bus |
| Anglo-Chinese School (Independent) | 999 m | 8 min by bus |
| Chij (Kellock) | 1.2 km | 33 min by bus |
| Pre-university | ||
| Anglo-Chinese Junior College | 442 km | 7 min walk |
| Singapore Polytechnic | 1.4 km | 10 min by bus |
| University/ Higher Education | ||
| ESSEC Business School | 290 m | 3 min walk |
| INSEAD Business School | 350m | 5 min walk |
| National University Of Singapore | 1.8 km | 8 min by bus |
| German Institute Of Science And Technology - Tum Asia | 1.8 km | 11 min by bus |
| International School | ||
| Tanglin Trust School | 500m | 8 min walk |
| United World College Of South East Asia | 1.34 km | 14 min by bus |
Not only is the site of One-North Gateway condominium near business parks, it is also surrounded with reputable schools. For instance, prestigious higher education institute, ESSEC Business School & INSEAD Business School is just around the corner, reachable within 5 minutes walk, while National University of Singapore is an 8 minutes bus ride away. Anglo-Chinese School (Independent) and Fairfield Methodist School (Secondary) are diagonally across the road too, very convenient for students in those school.
HOSPITAL
Meanwhile, National University Hospital, Khoo Teck Puat - National University Children's Medical Institute and Alexandra Hospital are 8 minutes drive away.
SHOPPING/FOOD/MARKET
| Location | Approximate Distance | Approximate Travel Time |
| Food | ||
| Holland Drive Market & Food Centre | 747 m | 15 min walk 10 min by bus |
| Blk 20 Ghim Moh Road | 953 m | 12 min by bus |
| Tanglin Halt Market | 961 m | 9 min drive |
| Holland Village Market & Food Centre | 1.1 km | 8 min drive |
| Supermarkets | ||
| Cold Storage Fusionopolis | 448 m | 9 min walk |
| Cold Storage, The Star Vista | 492 m | 9 min walk |
| The Seafood Market Place By Song Fish, The Star Vista | 500 m | 9 min walk |
| Sheng Siong, Ghim Moh Link | 710 m | 14 min walk |
| Fairprice Holland Drive | 842 m | 13 min walk |
| Giant Express, Ghim Moh Rd | 851 m | 16 min walk |
| Shopping Malls | ||
| Rochester Park (including Rochester Mall) | 321 m | 6 min walk |
| The Star Vista | 499 m | 7 min walk |
| Holland Road Shopping Centre | 1.1 km | 7 min drive |
| One Holland Village | 1.3 km | 6 min drive |
| Vivo City | 7.6 km | 7 MRT stops 12 min drive |
| Orchard road | 7.7 km | 14 min drive |
The superb location of One-North Gateway residences is also shown in its proximity to several malls such as Rochester Park and Mall and The Star Vista; they offer various aesthetic cafés, stunning restaurants, services, shopping and entertainment options. Therefore, residents are able to fulfill their dining and grocery needs in these malls, enjoying the convenience of the proximity. Otherwise, they can go a little further to One Holland Village, Vivo City or Orchard road for instance to enjoy more offerings. One Holland Village is an upcoming mixed development project slated to be completed by 2022. It is only 6 minutes drive away. This exciting development will certainly bring out more liveliness in the area while offering a wide array of lifestyle and dining options.
RECREATIONAL
| Location | Approximate Distance | Approximate Travel Time |
| One North Park | 216 m | 2 min walk |
| Queenstown Sports & Recreation Centre | 1.6 km | 7 min drive |
| Queenstown Public Library | 1.8 km | 10 min drive |
| Kent Ridge Park | 2.4 km | 7 min drive |
| Labrador Nature Reserve
| 5.7 km | 9 min drive |
A 2 minutes stroll takes one to the newly built One North Park, a 16 hectares park spanning across the entire length of one-north. This park is built in efforts to create a work-live-play-learn environment in One-North. It is a great destination for residents to stroll and exercise, and for children to play as it has a playground and is spacious.
Residents of One-North Gateway condominium can also seek for a change of environment and visit the Kent Ridge Park or Labrador Nature Reserve which are a few minutes drive away. Moreover, there are nature walks and heritage trails here for residents to explore too.
Also, the Rail Corridor will be connected and transformed into a Green Corridor that links 1 million people within 1 km of the Rail Corridor. One of the community nodes along the Rail Corridor includes the future business park and Art Space underneath Commonwealth Ave West for sports, community and cultural events in Buona Vista.
One-North Eden Floor Plan
One-North Eden Price, Unit Types, Sizes
| UNIT TYPE | No. OF UNITS | SIZE | PRICE |
| 1 Bedroom | 22 | 517 sqft / 48 sqm | 995K |
| 2 Bedroom | 64 | 689 - 797 sqft / 64 - 74 sqm | 1.288M |
| 3 Bedroom | 36 | 947 - 1120 sqft / 88 - 104 sqm | 1.768M |
| 4 Bedroom | 30 | 1259 - 1410 sqft / 117 - 131 sqm | 2.288M |
| Penthouse | 13 | 517 - 1410 sqft / 48 - 131 sqm | TBC |
| 165 |
*Disclaimer: All information is subject to change at developer's discretion.
One-North Eden Price Comparison
TID Residential, a joint venture between Hong Leong Holdings and Mitsui Fudosan Co successfully acquired One-North Eden government land sale with the offer price of $155.7 million. It sits on a 62,201 sq ft land with a plot ratio of 2.5. Price of One-North Eden per sq ft (psf) per plot ratio is $1,001.
The estimated breakeven price for is at $1,500 to $1,550 psf. One-North Eden launch price ranges from $1,800 psf.
Some thoughts on One-North Eden
1. The condominium has an ideal location, for students and adults alike.
2. Given the fact that there has been no supply in the past 15 years in One North and tenant pool is growing, the demand will be extremely high in the area.
3. This site is relatively small, landscaping and facilities will be limited. Good news is the lack of recreational space can be complemented by the nearby peaceful greenery, one north park.
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Related
For more information on how the URA Draft Masterplan 2019 will shape the vicinity surrounding One-North Gateway condominium, click on the following links:
2019 Singapore Draft Master Plan - Economic Gateways & Growth Areas
Here are some related projects and information if you are interested to find out more:
The End
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