On the other hand, one-north has never quite matched the crowds associated with Jurong East, Paya Lebar, or even nearby Holland V. This is an area that's very much in flux, and has the capacity to either go big or die down. Here's what to consider before buying a property in the area:We have seen rezoning by URA, to allow for higher-density housing around the one-north area.
There is also Dover Parkview and Heritage View to consider, but these are much older developments that aren't direct comparisons. This saw many nearby co-living spaces and serviced apartments benefitting from tenant demand here."My concern is my clients in Dover and Clementi might see some tenants being poached, because right now some are working in places ST Engineering, A*Star, P&G, or some SMEs at Ayer Rajah.
"For a long time, the ball was in their court because tenants had very limited choices. I think once there's more housing options, the rental rates in one-north will stabilise to match those in other parts like Clementi."If you look at a map, you might handwave the idea of Normanton Park being close to one-north.
Still, the strong demand for residential units in the area is evident. At first glance on a map, many buyers might see Normanton Park as somewhat inconveniently located — not close to an MRT and directly adjacent to a major highway. NUS, SIM, and SIT are all a short drive away from here. Singapore Polytechnic, located next to Dover MRT , is also just two train stops from one-north, while ACSI and ACJC are within enrolment distance. This could be one of the most convenient places to stay if you want your children close to school.
There has been the development of Rochester Commons, with a Grade A office tower, a hotel, and 12 heritage black-and-white bungalows. The jury is still out as to how successful this would ultimately be, as it does still seem to be a bit of an under-the-radar spot.