One-North Eden, new launch mix development at one-north Gateway
A Signature Development by Hong Leong Holdings
One-North Eden, a new launch condo at one-north Gateway, is jointly developed by TID Residential, a joint venture between Hong Leong Holdings and Mitsui Fudosan Co.
In a hotly contested land bidding exercise, the one-north Gateway GLS (Government Land Sale) site garnered 9 bids in its latest round of tenders. The top offer was $155.7 million or $1,001 psf lodged by TID Residential. The demand for the One-North Eden site was unsurprising given its palatable size and strategic location. The developers participating in the land bid were encouraged by the growing tenant pool in one-north business park, as well as the limited options available in the private residential market, noting that the last residential site in the area was launched in 2005. For example, technology firm Razer and ride-hailing start-up Grab are building their headquarters in one-north, which could contribute to strong demand for housing in One-North Eden, as affluent tech workers who work long hours might prefer to live nearby to shorten their commute.
One-North Eden is expected to launch in 4Q2020. The highly anticipated blockbuster launch of One-North Eden is set to attract overwhelming response from both home buyers and savvy property investors. Please register your interest to receive your VVIP Priority Preview invitation to One-North Eden exclusive soft launch events. Visit One-North Eden official website www.One-North-Eden.com to register your interest today.