Hudson Place Residences is open for its first weekend preview, and will mark the newest private residential development to launch for sale in the developing one-north precinct. Buyers will once again have to gauge what is their acceptable level of pricing in an area where the residential fixtures are developing.
The 327-unit development is developed by a consortium of Chinese developers comprising Qingjian Realty, Forsea Holdings, CYZ Land, and Jianan Capital. The new condo is located on Media Circle in District 5.
Hudson Place Residences is located in the Mediapolis district, one of the eight districts that make up one-north. Previously dominated by business park complexes and commercial office buildings, the area is gradually transforming into a more established mixed-use precinct with a stronger residential profile.
This makes a price analysis especially tricky, since the area doesn’t have the same benchmarks as older and more established neighbourhoods, such as nearby Commonwealth or Queenstown.
To date, most of the completed condos in one-north are boutique developments that support a limited number of facilities. But in recent years, larger residential projects have hit the market such as Bloomsbury Residences, a project next to Hudson Place Residences that is being developed by a Qingjian-led consortium.
The emergence of new projects in the vicinity, like Bloomsbury Residences, offers us natural points of comparison. Moreover, Qingjian’s strong development footprint in the area – since it is developing two major projects in close proximity – lends the developer a stronger hand in shaping the pricing and positioning of this emerging mixed-use district.
In this Stacked Pro deep dive, we’ll take a closer look at Hudson Place Residences’ value proposition, and assess how its pricing holds up for its unique situation:
Indicative prices at Hudson Place Residences
| Unit type | Estimated size (sqft) | Starting price |
| 2 Bedroom | 646 – 689 | $1.4xM |
| 3 Bedroom | 893 – 1055 | $2.0xM |
| 4 Bedroom | 1152 – 1432 | $2.7xM |
The list of indicative prices already signals a departure from previous pricing strategies by other developments in one-north. Notice the lack of one-bedders, which previously comprised a sizeable proportion of the unit mix, especially when housing demand in one-north was led by rental demand.
Overall, we consider that the indicative prices at Hudson Place Residences appear to keep the quantum within the $1.8 million to $2 million range – a relatively affordable price band for most HDB upgraders, especially those who are eyeing two- and three-bedroom units.
What is the expected buyer profile for Hudson Place Residences?
| Likely buyer profiles | Less suitable for |
| Buyers looking to be among the earliest movers in One-North as a true residential enclave | Buyers who want a more established residential zone |
| Those who value mixed-use convenience (retail/F&B within the development) | Buyers who feel having a commercial element is disruptive |
| Investors who feel One-North continues to have an excellent tenant base as a tech and business hub | Investors who are expecting CBD-level rental results; One-North is not yet as developed as that |
The challenge for many buyers today isn't access to information.
It's interpreting that information in a way that makes sense for their finances, goals, and stage of life.
Over time, that's also why we decided to work with agents who shared the same data-driven and advisory-led approach behind our editorial, consultants who could help readers think through decisions more objectively, rather than simply push transactions.
Today, the team has worked with more than 2,000 clients across over $5B in property transactions.
Now let’s look at the overall performance of District 5, where Hudson Place Residences is located.
This will help frame our expectations by benchmarking it against other condos located there. We’re using all transaction types for a more general perspective.
All tenures
| Year | D5 | All non-landed private properties |
| 2015 | $1,186 | $1,180 |
| 2016 | $1,218 | $1,232 |
| 2017 | $1,257 | $1,304 |
| 2018 | $1,430 | $1,435 |
| 2019 | $1,478 | $1,560 |
| 2020 | $1,536 | $1,513 |
| 2021 | $1,659 | $1,600 |
| 2022 | $1,633 | $1,712 |
| 2023 | $1,940 | $1,869 |
| 2024 | $1,857 | $1,886 |
| 2025 | $2,191 | $2,092 |
| Annualised | 6.33% | 5.90% |
99-year leasehold
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