One North Eden (Singapore)

Upcoming new mixed development, 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 Eden, 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.

Things you want to know more about One North Eden District 05 Singapore.