One North Eden

[marxace]

What do you guys think if I buy this for own stay? Amenities wise, I think hawkers are quite far away

Nearest"hawker" should be Timbre

 

[Milquetoaster]

What do you guys think if I buy this for own stay? Amenities wise, I think hawkers are quite far away

I used to work at Fusionopolis and I really don't see a lot of reason to buy around there. No close hawkers (your best bet is to take the train to Holland Village or drive to Ghim Moh), and a pretty dead feel on weekends. The area isn't very walkable with lots of busy roads and no sheltered walkways. It will feel a bit like you live at an office park.

 

[japst3r]

What do you guys think if I buy this for own stay? Amenities wise, I think hawkers are quite far away

Not very good for own stay. The vibe is just totally clinical and pretty dead. No better way to explain other than doing your own site survey. You should go down and walk the area on a weekend and weekday for yourself, and perhaps day time and night time. It's a super utilitarian development to cater for the needs of people working in the offices there. Nearest 'hawker' would be Timbre+ but prices are not that cheap. Nearest true hawker should be Holland Drive Market and Food Centre, about 1.3km walk away.

 

[japst3r]

can't the AMDK just take one north mrt to holland v to go meet other SPGs?

can also take mrt to botanic gardens to run topless, gym/swim at NTU alumni club and meet SYT NTU xmm and in the future circle line complete can go marina bay direct

Lol this reply...I don't even know what is the point being made here? Take this kind of discussion to EDMW la...

 

[mementomori]

Not very good for own stay. The vibe is just totally clinical and pretty dead. No better way to explain other than doing your own site survey. You should go down and walk the area on a weekend and weekday for yourself, and perhaps day time and night time. It's a super utilitarian development to cater for the needs of people working in the offices there. Nearest 'hawker' would be Timbre+ but prices are not that cheap. Nearest true hawker should be Holland Drive Market and Food Centre, about 1.3km walk away.

isn't the nearest "hawker" at one north mrt? if you're looking for food options?

and yes you're right, it's dead right now, but lyf (by capitaland, 300m away) is about to be built in Q42021 with Grab and Razer also moving back and offices getting back to normal, and target for a 2024 TOP (in line with holland v residences), i think it's fine? you're comparing the situation now vs situation next time.

Lol this reply...I don't even know what is the point being made here? Take this kind of discussion to EDMW la...

it means that you're essentially getting a 500 psf discount vs holland v for something that is 2 mrt station away from holland v. and the circle line mrt station to one north at eden is uncovered but 6/7 mins away (yes i walked and yes i'm a bbfa so it's not very far. cold storage also big in one north, seems like a good place for foreigners to live.

anyhow, already so late, those who would have made up their mind would have done so already. i'm not buying but seriously thought of buying for investment.

 

[japst3r]

isn't the nearest "hawker" at one north mrt? if you're looking for food options?

and yes you're right, it's dead right now, but lyf (by capitaland, 300m away) is about to be built in Q42021 with Grab and Razer also moving back and offices getting back to normal, and target for a 2024 TOP (in line with holland v residences), i think it's fine? you're comparing the situation now vs situation next time.




it means that you're essentially getting a 500 psf discount vs holland v for something that is 2 mrt station away from holland v. and the circle line mrt station to one north at eden is uncovered but 6/7 mins away (yes i walked and yes i'm a bbfa so it's not very far. cold storage also big in one north, seems like a good place for foreigners to live.

anyhow, already so late, those who would have made up their mind would have done so already. i'm not buying but seriously thought of buying for investment.

Uhhh the question asked is nearest 'hawker' not food court. Unless there's a hidden hawker centre at one-north mrt? Also no guarantee whether most of the food court stalls will open on weekend or stay open for the whole day. From what I recall, most do not operate at full hours on weekends.

Not disagreeing with the future commercial tenants and companies setting up shop. But that just reinforces my point that this is not a good place for ownstay unless you work in the area. Also even if big companies move in, to create a nice lifestyle you need an entire ecosystem to come along with it, such as cafes, dive bars, pubs, restaurants etc (think Tanjong Pagar). There's simply no guarantee that will happen in the area. I haven't checked the URA master plan zoning but I don't think there will be enough zones and demand for f&b in this area. Ultimately I don't think just living in the middle of offices and laboratories elicits an image of ideal family lifestyle, or a hot bachelor / bachelorette pad.

But there's certainly good utility to this development for people working in the area and who treasure proximity to work space. There's also a cold storage in One North which will cater for groceries as you pointed out. For investment, it should capture a rather strong rental market of the workers (should be local singles or couples not planning to setup family, or foreigners without families) in this area. I really doubt expat families would choose this place as from what I know of such colleagues, they tend to pick based on lifestyle choices. I'm not yet a family man so I'll leave it to people who actually have families to share their thoughts on the livability of this area for families.

For the 500psf discount, as you said, you are trading off by being 2 mrt stops away from Holland V itself. Extending that logic, people in Jurong are getting over 1.5k psf by being 10 stops away from city centre (figures are just an to make an example and not checked). My point here is that meaningful analysis of the trade-off between price and distance cannot be done on such casual relationships. There needs to be harder science and data to back up whether the 'discount' is actually valuable, or simply reflects the true market value of the locale. There are plenty of cases where people buy into a development and the price remains stagnant for years. I'm not saying you're wrong, but it looks like a shot in the dark and riding simply on a growth story of the companies coming in.

 

[Falafell]

isn't the nearest "hawker" at one north mrt? if you're looking for food options?

and yes you're right, it's dead right now, but lyf (by capitaland, 300m away) is about to be built in Q42021 with Grab and Razer also moving back and offices getting back to normal, and target for a 2024 TOP (in line with holland v residences), i think it's fine? you're comparing the situation now vs situation next time.




it means that you're essentially getting a 500 psf discount vs holland v for something that is 2 mrt station away from holland v. and the circle line mrt station to one north at eden is uncovered but 6/7 mins away (yes i walked and yes i'm a bbfa so it's not very far. cold storage also big in one north, seems like a good place for foreigners to live.

anyhow, already so late, those who would have made up their mind would have done so already. i'm not buying but seriously thought of buying for investment.

That hawker is indeed the Timbre+. Its not your usual hawker. Prices are very upmarket there. Nearest hawkers are as japst3r mentioned.

The one-north area is the same as the traditional CBD, disregarding COVID. Weekdays office hours many office workers. Weekdays after working hours crowds quickly dissipate and Weekends most shops are closed.

If you think that office/mixed use injections really help, why not those at Tanjong Pagar instead.

 

[Passerboy]

That hawker is indeed the Timbre+. Its not your usual hawker. Prices are very upmarket there. Nearest hawkers are as japst3r mentioned.

The one-north area is the same as the traditional CBD, disregarding COVID. Weekdays office hours many office workers. Weekdays after working hours crowds quickly dissipate and Weekends most shops are closed.

If you think that office/mixed use injections really help, why not those at Tanjong Pagar instead.

Add in the new norm and the WFH culture, where we even have prop expert attributing Tanjong Pagar as a “ghost town”, would there be sufficient amenities in the one north area?

 

[marxace]

Heard from my agent that loa and cheques received oversubscribed already

 

[daheigou999]

Add in the new norm and the WFH culture, where we even have prop expert attributing Tanjong Pagar as a “ghost town”, would there be sufficient amenities in the one north area?

Tanjong Pagar definitely has more amenities than One North lol

 

[Passerboy]

Heard from my agent that loa and cheques received oversubscribed already

sell out within a day?

 

[japst3r]

sell out within a day?

It's a small development with a potentially strong rental market. Wouldn't be surprised for it to sell out quickly.

Edit: oh and from photos and videos of the showflats shared, the furnishing looks good. So that's also a plus point that would encourage stronger sales.

 

[Falafell]

It's a small development with a potentially strong rental market. Wouldn't be surprised for it to sell out quickly.

Edit: oh and from photos and videos of the showflats shared, the furnishing looks good. So that's also a plus point that would encourage stronger sales.

Hehehe if LINQ can sell out quickly despite known poor rental yield, I dont see how ONE cant sell out within an hour

 

[japst3r]

Hehehe if LINQ can sell out quickly despite known poor rental yield, I dont see how ONE cant sell out within an hour

Haha but to be fair, LINQ and ONE not easy to compare. LINQ has all the sexy points that draw in Singaporean property pundits, such as FH, direct connection to mrt and mixed used commercial. And its the only FH with such connection. These points alone enough to make many Singaporean buyers buy without thinking more.

 

[Milquetoaster]

Add in the new norm and the WFH culture, where we even have prop expert attributing Tanjong Pagar as a “ghost town”, would there be sufficient amenities in the one north area?

Lol. Not sure if Eric has ever set foot in Tanjong Pagar, it's definitely not a ghost town

But yeah, in contrast to One North, Tanjong Pagar has tons of amenities (destination hawkers like Amoy and Maxwell within walking distance, 3-4 grocery stores, lots of F&B), two large HDBs (Tanjong Pagar HDBs and Pinnacle@Duxton) to give it a neighborhood feel, and much closer connectivity to everything. While the One North area will develop, it's uncertain that it'll build up enough of an ecosystem to compete with the likes of TP. Like Passer mentioned, you can get Landmark units for a similar price but with much less uncertainty - why buy ONE?

 

[jeanniechuah8@gmail.com]

Lol. Not sure if Eric has ever set foot in Tanjong Pagar, it's definitely not a ghost town

But yeah, in contrast to One North, Tanjong Pagar has tons of amenities (destination hawkers like Amoy and Maxwell within walking distance, 3-4 grocery stores, lots of F&B), two large HDBs (Tanjong Pagar HDBs and Pinnacle@Duxton) to give it a neighborhood feel, and much closer connectivity to everything. While the One North area will develop, it's uncertain that it'll build up enough of an ecosystem to compete with the likes of TP. Like Passer mentioned, you can get Landmark units for a similar price but with much less uncertainty - why buy ONE?

Boils down to entry price.... landmark can get below 2K???

 

[Passerboy]

Boils down to entry price.... landmark can get below 2K???

I think now may not have any below 2kpsf for Landmark, minimal 21xxpsf (low floors) up, which I still think it’s a very decent entry price. Won’t expect One North Eden to have many units below 2kpsf either..

 

[Rxgn]

Heard from my agent that loa and cheques received oversubscribed already

Need cheque meh? My agent said register interest can le.

Anyway im not balloting either

 

[fearhimwhofearsnothing]

Need cheque meh? My agent said register interest can le.

Anyway im not balloting either

Don't need yet I think, but I heard very good reviews abt ONE. Heng I bought EC back then but for investment this seems good, especially when the world opens up, Holland v area will be revitalised, people back to offices, foreign students back, but who knows what's happens in 3/4 years

 

[marxace]

Need cheque meh? My agent said register interest can le.

Anyway im not balloting either

Technically just need loa, but seems like giving cheques 'appear' more sincere.. haha.. dunno what they thinking also