As one of Singapore’s leading business parks, one-north is home to many tech startups, biomedical firms, and research-driven companies. Many transformative changes are afoot for the neighbourhood, especially following the announcement that Singapore’s first AI hub will be built in one-north. Given Singapore’s strong push towards an AI-enabled economy, exciting changes can be expected for the area.

Master Plan for one-north

Located in District 5 within the Queenstown Planning Area, one-north is an established business park. It is also near Singapore Science Park and the National University of Singapore (NUS) (see Map 1).

As part of the latest Master Plan for the neighbourhood, more housing options can be expected, especially in Dover and near Mediapolis. More shops and eateries are also expected in the neighbourhood. Geneo was opened in June 2023. This mixed-use development is located near Kent Ridge MRT Station and features both office and retail space.

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Robust demand for nearby 99-year leasehold new condos

To fulfil the Master Plan’s vision of adding more homes near one-north, three 99-year leasehold condos – Penrith, LyndenWoods and Bloomsbury Residences -  were launched in the neighbourhood last year. Buyers’ response to these new residential developments has been positive, with most achieving healthy take-up rates. Given the popularity of these three new condos, the upcoming Hudson Place Residences is expected to see keen interest and robust demand from buyers.

Penrith achieved a take-up rate of 97% during its launch in October 2025. Based on the caveats lodged at the time of writing, 449 units have been sold at an average price of $2,805 psf. The popularity of the 462-unit condo could be due to its proximity to Queenstown MRT Station.

Launched in July 2025, LyndenWoods also achieved a high take-up rate of 94.5%. At the time of writing, 341 sale caveats have been lodged for the 343-unit condo, indicating that it is almost sold out. The units were sold at an average price of $2,453 psf. The development’s proximity to Kent Ridge MRT Station and Geneo could have contributed to buyers’ interest.

Demand for Bloomsbury Residences has improved significantly since its launch in April 2025. At the time of writing, 280 sale caveats have been lodged for the 358-unit condo, indicating a take-up rate of 78.2%. The units were sold at an average price of $2,518 psf.

Hudson Place Residences is expected to be launched in April and will feature 327 units. The condo will be built on the Media Circle (Parcel A) Government Land Sale (GLS) site that was awarded to Qingjian Realty and Forsea Holdings in March 2025. The upcoming condo is in District 5 and the Queenstown Planning Area.

Among the three condos that were launched last year, Bloomsbury Residences is the only one within walking distance of Hudson Place Residences. Both condos are adjacent to one-north and are a short drive from the Ayer Rajah Expressway (see Map 2).

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Other amenities within a 1km radius include Tanglin Halt Market, Queenstown Stadium, Swimming Complex and Sports Centre, Mei Ling Market and Food Centre, as well as Kent Ridge Park.

There are only two schools within a 1km radius, namely Tanglin Trust School and New Town Primary School. If the distance is expanded to 2km, more schools fall within the radius, including Queenstown Primary School, Queensway Secondary School, Fairfield Methodist School (primary and secondary), Anglo-Chinese Junior College and NUS.

Strong profitability for nearby condos in the resale market

Thus far, Normanton Park is the only completed condo within a 1km radius of the upcoming Hudson Place Residences. However, if the distance is expanded to 2km, completed 99-year leasehold condos within that radius include Commonwealth Towers, Dover Parkview, Heritage View, Kent Ridge Hill Residences, Margaret Ville, One-North Eden, One-North Residences, Queens, Queens Peak, Stirling Residences, The Interlace and The Rochester Residences.

Of the above-mentioned condos, only Dover Parkview, Heritage View, Kent Ridge Hill Residences, One-North Eden, One-North Residences and The Rochester Residences are in District 5 and the Queenstown Planning Area. Among these six condos, Kent Ridge Hill Residences and One-North Eden are the newest, having obtained their temporary occupation permits (TOP) in 2023 and 2024, respectively. The other four condos received their TOP before 2020.

Kent Ridge Hill Residences is located along South Buona Vista Road. It features 498 condo units and 50 strata-landed homes. The condo is likely to appeal to nature lovers because of its close proximity to The Southern Ridges. Pasir Panjang MRT Station is about 550m away (see Map 3).

In comparison, residents of One-North Eden enjoy easier access to the MRT network, as it is within walking distance of the dual-line Buona Vista MRT Station as well as one-north MRT Station (see Map 4). Other nearby amenities include one-north business park, The Star, Rochester Park, Anglo-Chinese Junior College, Fairfield Methodist School (Primary and Secondary), and INSEAD.

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Notably, both condos have enjoyed healthy price growth since their launch. The average price for condo units at Kent Ridge Hill Residences has grown from $1,713 psf in 2018 to $2,040 psf this year, representing an increase of 19.1% (see Chart 1). Meanwhile, the average price for One-North Eden has grown by 19.6% since 2021 to $2,377 psf.

So far, Kent Ridge Hill Residences has recorded 89 profitable transactions, while One-North Eden has chalked up 32 such transactions. Profits for Kent Ridge Hill Residences range from around $35,000 to $610,800, while those for One-North Eden range from approximately $139,000 to $741,800. At the time of writing, no unprofitable transactions have been reported for either condo.

The highest profit of $610,805 for Kent Ridge Hill Residences involved a four-bedroom unit on the fifth storey. The seller bought the 1,927-sq ft unit from the developer in July 2020 for $3.139 million ($1,629 psf) and sold it in April 2024 for $3.75 million ($1,946 psf). Thus far, only two transactions from the condo have yielded profits exceeding $300,000 (see Table 1).

In comparison, the unit that recorded One-North Eden’s highest profit of $741,800 is a three-bedroom unit on the sixth storey. The seller bought the 1,410-sq ft unit from the developer in April 2021 for $2.538 million ($1,800 psf) and sold it in May 2024 for $3.28 million ($2,326 psf). Thus far, only two transactions for the condo have yielded profits above $700,000 (see Table 2).

Expected to appeal to tenants

The average rent for condos in District 5 ($4.84 psf/month) is higher than that of its peers in the West Region ($4.58 psf/month) and islandwide ($4.79 psf/month) (see Chart 2). Additionally, condos in District 5 have recorded strong rental growth of 60.3% since 2020, comparable to the 64.7% increase in the West Region and significantly stronger than the 51.6% increase islandwide. This strong rental growth is expected to make such condos appealing to investors.

Despite their higher average rents, condos in District 5 are still expected to be attractive to tenants because of their proximity to international schools and several business nodes.

For example, the upcoming Hudson Place Residences is near Tanglin Trust School, NUS, one-north, as well as Singapore Science Park. Proximity to Tanglin Trust School could make the upcoming condo appealing to expatriate families with children studying at the school. Meanwhile, foreigners working at NUS or the two business parks might be keen to rent a unit in the upcoming condo.

Conclusion

In summary, the one-north neighbourhood is poised for continued growth, supported by ongoing transformation plans, which are expected to result in strong demand for housing, especially condo units from newer developments.

The healthy take-up rates of recent condo launches, as well as the robust price and profit performance of condos in this neighbourhood, highlight buyers’ confidence in the area’s long-term potential. Coupled with solid rental growth and proximity to key employment nodes and educational institutions, the upcoming Hudson Place Residences is well positioned to attract both owner occupiers and investors.

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