One North Gateway Residences – Mixed Development near Business Park & Education Center

One North Gateway Residences 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 Gateway Residences 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 Gateway 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 Gateway

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 Gateway
Developer TID, joint venture between Hong Leong Holdings and Mitsui Fudosan Co.
Location One-north gateway
District D05
No. of Blocks/Storeys
Payment Scheme Normal Progressive
Site Use Residential with Commertial at first storey
Tenure 99 years leasehold
Total No. of Units Est. 165
Expected Date of TOP Est. 2024

URA launches one-north Gateway site for tender

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 Gateway Residences 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 Gateway Site Plan

One North Gateway Floor Plan

One North Gateway Price, Unit Types, Sizes

UNIT TYPE No. OF UNITS SIZE PRICE
Studio
1 Bedroom
1 Bedroom + Study
2 Bedroom
2 Bedroom + Study
3 Bedroom

*Disclaimer: All information is subject to change at developer's discretion.

One North Gateway Price Comparison

TID Residential, a joint venture between Hong Leong Holdings and Mitsui Fudosan Co successfully acquired One-north Gateway 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 Gateway 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 gateway launch price ranges from $1,700 psf.

Some thoughts on One North Gateway

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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