BERNAM RESIDENCES
Tanjong Pagar
District 2
AN ATTRACTION FOR HOME BUYERS AND INVESTORS
Bernam Street site is an eye-catching address in the densely commercially populated area of the Shenton Way precinct. This property have a great potential to be redeveloped into a luxurious and high-end property. Based on the 2019 URA Master Plan, the property is zoned for residential use with provision for commercial space.
With a majestic land size of 3,846.2 square meters, this area has a maximum allowable gross floor area of 28,001 square meters.This new project can potentially yield about 325 units of residence with a spacious commercial space on its first level.
With the success of various 99-year leasehold sites and en blocs in the area, there is an excellent opportunity for a great sell on the units for this future project. If going to based on the sale price of the GLS site, there is a great potential to sell the units at an average price of $2,430 per square foot with a breakeven amount at $2,100 per square foot.
Another attributing factor to the exceptional potential that this new development have is its proximity to Tanjong Pagar MRT and Prince Edward MRT stations, and its notable distance to the Central Business District.
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Amenities
Bernam Street have a wide range of amenities in its surrounding neighborhood. This address is easily reached through different connectivity that are conveniently enclosing the property. Both commuters and vehicle owners can enjoy the same level of convenience when they travel to their chosen destination.
MRT
Just close to the property site are MRT stations that awesomely offers comfort of travel to commuters. These stations include Tanjong Pagar MRT, Maxwell MRT, Clarke Quay MRT and Shenton Way MRT which sits across an abundant array of bus stops. Enclosing the property are different routes which include the main road Central Expressway (CTE). Links to other nearby destinations are through the Raffles Quay and Keppel Viaduct.
Schools
To balance the ambiance, the residents are also within close proximity to various educational institutes that offers high quality standards of teaching. Schools like Coleman College, Cantonment Primary School, New Asia Academy and a lot more allows the residents in the area to chose the ideal program suitable for them.
Entertainment
All the way to the centre of the area are various shopping malls. This ensure that entertainment and leisure are possibly within a hand’s reach. Malls of various retail shops, dining hubs and recreational spots are only within a two-minute drive from the site address. In the list are malls like the Tanjong Pagar Plaza, Amara Shopping Centre and Hong Lim Food Centre & Market, and many more.
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