Qingjian-Forsea doubles down on one-north with Hudson Place Residences; prices above $2,200 psf
Ouyang Jing (left), director of Qingjian Realty, with Wang Xin, director of Forsea Holdings (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Ask Buddy
One-north, Singapore’s 200ha R&D hub, is entering a new phase — with private housing gaining momentum in Mediapolis, its 19ha digital media cluster.
The latest project is the 327-unit Hudson Place Residences, which is set to preview on May 1, ahead of its launch on May 16.
The development marks the second project in the precinct by a consortium led by Qingjian Realty and Forsea Holdings, together with Hoovasun Holding and Jianan Capital.
The group secured the 82,125 sq ft, 99-year leasehold site on Media Circle in March last year for $315 million, or $1,037 psf per plot ratio (psf ppr).
It sits directly opposite Bloomsbury Residences — the consortium’s maiden one-north project. The 358-unit development, launched in March 2025, is about 85% sold to date.
Building on a growing one-north presence
According to Wang Xin, director of Forsea Holdings, the consortium’s interest in one-north stems from its evolution from a business park into a more vibrant mixed-use district.
“We saw an opportunity to play a meaningful role in shaping its residential identity,” he says.
This shift is expected to accelerate under the URA Master Plan 2025, which outlines plans for about 5,000 new homes in the Greater one-north area.
The 327-unit development along Media Circle is jointly developed by a consortium comprising Qingjian Realty, Forsea Holdings, Hoovasun Holding and Jianan Capital. (Photo: Samuel Isaac Chua/EdgeProp Singapore)
“Bloomsbury Residences was the first step, and the strong take-up gave us confidence that buyers share our conviction,” adds Wang.
The launch of new homes is also helping to inject life into a precinct that was previously quieter after office hours, says Ouyang Jing, director of Qingjian Realty.
Building on this momentum, the consortium — together with Jianan Capital — also clinched the Dover Drive Government Land Sale site in March this year with a top bid of $951 million, or $1,556 psf ppr, setting a new benchmark for the Rest of Central Region (RCR).
Wang describes the site as “a natural extension” into the Dover-Medway neighbourhood, which is being positioned as a residential complement to one-north. The site could yield about 625 units, adding to the 685 units across Hudson Place Residences and Bloomsbury Residences.
First RCR launch of 2026
According to Marcus Chu, CEO of ERA Singapore, Hudson Place Residences is the first new project launch in the RCR this year.
“It is likely to draw strong interest from buyers who have been waiting for a city-fringe project,” he says.
Beyond one-north, the Qingjian-Forsea consortium also launched the 748-unit executive condo Coastal Cabana in Pasir Ris earlier this year. The project is about 81% sold at an average price of $1,790 psf, based on caveats.
Two-bedders make up over half the units
At Hudson Place Residences, unit types range from two- to four-bedroom apartments sized between 646 and 1,432 sq ft, along with five penthouses of up to 2,196 sq ft.
Two-bedroom units at Hudson Place Residences span between 646 and 689 sq ft, and feature an efficient dumbbell layout (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Prices start from above $2,200 psf. Two-bedroom units are expected to exceed $1.4 million, while three-bedders are priced from above $2 million and four-bedders from about $2.7 million.
“These are attractive entry prices for a high-growth location with long-term transformation potential,” says Kelvin Fong, CEO of PropNex.
Two-bedroom units make up the bulk of the project, accounting for 183 units (56%). These come with two bathrooms and efficient dumbbell layouts, which are popular among both investors and owner-occupiers, says Qingjian’s Ouyang.
Three-bedroom units form 22% of the project, while four-bedders account for 21%.
The development will also feature 4,306 sq ft of ground-floor retail space, which will be held under the Management Corporation Strata Title and could help offset maintenance fees through rental income.
The development features two elevated residential towers of 23 and 15 storeys (Photo: Qingjian Realty)
Inspired by New York’s Hudson Yards
Hudson Place Residences draws inspiration from New York’s Hudson Yards, bringing what Qingjian describes as a “metropolitan design sensibility” to Media Circle.
Hudson Place Residences draws inspiration from New York’s Hudson Yards, bringing “a distinctly metropolitan design sensibility to Media Circle”, says Qingjian Realty’s Jing (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Designed by P&T Consultants, the development comprises two residential towers of 23 and 15 storeys overlooking the conserved black-and-white bungalows in Wessex Estate.
A covered walkway will link the retail component to Bloomsbury Shoppes next door, adds Qingjian.
Benchmarking against recent launches
According to PropNex’s Fong, pricing at Hudson Place Residences is broadly in line with Bloomsbury Residences.
At Bloomsbury, two-bedroom units were transacted at prices from $1.34 million ($2,351 psf), while three-bedroom units were sold at prices from $2.14 million ($2,367 psf). Four-bedroom units fetched prices from $2.85 million ($2,430 psf), based on caveats lodged.
Earlier one-north launches have also seen strong take-ups. The 275-unit Blossoms by the Park (2023) and the 142-unit The Hill @ One-North (2024) are almost fully sold, with average prices of about $2,439 psf and $2,486 psf, respectively.
Table: PropNex Research, URA Realis (*up till April 12)
The 343-unit Lyndenwoods at Science Park Drive, launched last July, is also nearly sold out, with an average price of $2,454 psf.
Meanwhile, resale prices at the 165-unit One-North Eden — completed in 2024 — averaged about $2,376 psf, based on caveats lodged for transactions in 2025.
Chart: URA, Huttons Data Analytics (data downloaded on April 22)
Older developments such as the 334-unit The Rochester Residences (completed in 2011) and the 405-unit One-North Residences (completed in 2009) continue to trade at lower levels of around $1,590 psf and $1,663 psf, respectively.
Limited housing stock relative to working population
Including One-North Eden, there are just 904 completed private homes in one-north, notes ERA’s Chu, highlighting a limited housing stock relative to the growing working population.
The area hosts about 50,000 workers across sectors such as biomedical sciences and technology — a figure expected to rise with the introduction of Kampong AI, an AI park in one-north which could bring in about 70 AI companies.
This supports a deep tenant pool of expatriates and researchers, which Fong describes as “uniquely positioned as Singapore’s Silicon Valley”.
Hudson Place Residences is also likely to appeal to families, given its proximity to schools such as Tanglin Trust School, Fairfield Methodist School, Anglo-Chinese Junior College and the National University of Singapore.
Showflat of a four-bedroom premium suite plus flexi unit, which is served by a private lift (Photo: Samuel Isaac Chua/EdgeProp Singapore)
New housing supply in the RCR down 50% in 2026
According to PropNex, 4,481 new homes were sold in the RCR in 2025, accounting for 41% of total private home transactions.
Chart: URA, Huttons Data Analytics (data downloaded on April 22)
However, only about 2,407 new units are expected to be launched in the RCR this year — roughly half of last year’s supply, notes Huttons Asia CEO Mark Yip.
This supply-demand imbalance could support prices and take-up at upcoming projects.
“This should bode well for Hudson Place Residences,” says Yip.
For more news and analysis, read our weekly e-paper. Prefer a print copy? Get it delivered to your home every Monday.
Ask Buddy
Follow Us
Property updates, 24/7.
Subscribe to Newsletter
Market insights, delivered weekly.
Top Articles
Search