The AI Era Is Here: Are one-north Property Prices Set to Take Off?

The AI Era Drives one-north's Transformation: Condo Demand Expected to Keep Rising

As one of Singapore's leading tech and research hubs, one-north has long been a cluster for tech start-ups, biomedical firms, and R&D institutions.

With the government announcing plans to establish Singapore's first AI hub here, one-north is embarking on a new wave of transformation. Amid Singapore's concerted push into artificial intelligence and technology, the area's growth potential has garnered significant market attention.

Planning Upgrades: Expanding Residential Supply and Amenities

Located within the District 5 Queenstown Planning Area, one-north is adjacent to Singapore Science Park and the National University of Singapore (NUS).

Under the latest master plan, more residential developments will be introduced to the area, particularly clustered around Dover and Mediapolis.

At the same time, surrounding commercial and lifestyle amenities will be further enhanced with more dining and retail options.

Geneo, an integrated development that opened in 2023, has already injected fresh commercial and office vibrancy into the precinct.

Hot New Launches: Strong Buyer Demand Proven

Aligning with the planned housing supply, three 99-year leasehold new launches debuted in the area in 2025: Penrith, LyndenWoods, and Bloomsbury Residences.

All of these developments delivered standout sales performances.

Notably, Penrith achieved a 97% take-up rate at launch with an average price of around $2,805 psf; LyndenWoods is virtually sold out at a 94.5% take-up rate; and Bloomsbury Residences currently stands at a 78.2% take-up rate.

Market consensus attributes their success closely to their proximity to MRT stations and tech clusters.

Upcoming Launch: Hudson Place Residences Set to Debut

The upcoming launch of Hudson Place Residences is expected to spark another wave of market interest. Situated along Media Circle and developed from a Government Land Sales (GLS) site, it occupies a prime position in District 5.

The development is not only close to one-north, but also well-connected to major expressways and established neighbourhood amenities.

Additionally, nearby amenities include several hawker centres, sports facilities, and parks, providing a mature and comprehensive living environment.

Resale Market: Resilient Prices and Profitability

In the resale market, condominiums surrounding one-north have similarly demonstrated solid capital growth potential.

For instance, prices at Kent Ridge Hill Residences have appreciated by about 19.1% since 2018, while One-North Eden has gained roughly 19.6% since 2021.

More impressively, almost all resale transactions in both projects have been profitable to date:

Kent Ridge Hill Residences recorded gains ranging from approximately $35,000 to $610,800

One-North Eden saw profits between about $139,000 and $741,800

This underscores the precinct's robust capacity for capital appreciation.

Rental Market: Sustained Growth in Tenant Demand

From a leasing perspective, District 5's performance has been equally impressive.

Average rents currently hover around $4.84 psf/month, outpacing both the West Region and islandwide averages.

Since 2020, rental rates in the area have surged by around 60.3%, highlighting sustained leasing demand.

This is driven primarily by a high concentration of tech firms, proximity to top universities and international schools, and a dense working population.

For example, developments close to Tanglin Trust School, NUS, and science parks are particularly popular among expatriate families and professionals.

The Next Growth Node Takes Shape

The greatest advantage of one-north is that demand does not stem purely from short-term speculation, but rather from tech professionals, researchers, students, and expatriate families. This genuine, organic residential demand offers greater stability and supports sustainable long-term price and rental appreciation.

In summary, one-north is at a pivotal stage of development. The burgeoning AI industry, infrastructure upgrades, and growing residential supply will collectively propel the precinct forward.

Strong sales across recent launches, profitable resale transactions, and robust rental growth all reflect solid market confidence in the area.

Against this backdrop, upcoming projects—especially Hudson Place Residences—are well-positioned to draw keen interest from both owner-occupiers and investors alike.