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Borneo Bulletin Yearbook 2021
In October 2020, Autoriti Monetari Brunei
Darussalam
(AMBD)
published
Brunei
Darussalam’s Residential Property Price Index
(RPPI) for the second quarter (Q2) of 2020. The
RPPI in Q2 2020 was at 84.6, a decrease of
7.1 per cent quarter-on-quarter compared to
compared to Q1 2020.
In addition, 115 transactions for residential
properties were recorded in Q2 2020 compared
to 76 transactions in Q1 2020. Most of these
transactions were for detached houses (43.5 per
cent), followed by semi-detached houses (26.1 per
cent), terrace houses (16.5 per cent), apartments
(10.4 per cent) and land (3.5 per cent).
The median purchase price for all types
of residential properties was recorded at
BND238,000. This gure is 4.4 per cent lower
than Q1 2020. The median purchase prices for
speci c types of properties were BND247,500
for detached houses; BND272,000 for semi-
detached houses; BND165,000 for terrace
houses; BND234,000 for apartments; and
BND80,200 for lands.
In August 2020, the Ministry of Development
announced that there would be changes to
the process and procedures to build a single
unit detached house, effective September 1,
2020. Endorsement by departments including
the Department of Road, Department of
Drainage and Sewerage, Department of
Water Services and Department of Electrical
Services must be obtained by the qualified
persons (QP) comprising architects and
professional engineers, and registered
building draughtsmen (RBD).
It is the responsibility of the QPs and RBD to
obtain the departments’ endorsement during
the preparation of a design proposal in ensuring
the overall infrastructure requirements are
available and adequate.
ONE RIVERSIDE
One Riverside is Brunei Darussalam’s rst
luxury residential and commercial development,
situated along the scenic Kedayan River in the
heart of Gadong. The development is made up
of 84 condominium units, with private courtyard
gardens and a riverside promenade. Spacious
and elegant, each apartment comes with three
bedrooms, a study, a utility room and a kitchen.
Residents also have access to a private parking
area on the rst level.
Gadong and Kiulap are a five-minute drive
away. A pedestrian bridge connects the
promenade to Kiulap, ideal for those looking
for a breezy stroll. Alternatively, one can ride a
boat from the promenade to Gadong or Kiulap
for a unique commuting experience.
Brunei’s premier supermarket, Supa Save, opened
its fourth branch at One Riverside in March 2019.
Patrons can also nd popular eateries such as
Excapade, Area 8, Twinkle Kids Café, Amsarra,
Bloom Café, Chocolate Origins, Coffee Bean & Tea
Leaf Brunei, Iskandar Curry House and Ximply Chriz.
Sports enthusiasts will enjoy shopping at Cycle
Nation and Under Armour. There is also Bloom
Project Co with beautifully designed bouquets and
owers arrangements for all occasions.
Fitness enthusiasts can head to the boutique
gym TKO at One Riverside for an invigorating
workout. The Copper Kitchen is located on
the ground floor of TKO, offering an extensive
array of wholesome food and drinks.
REAL ESTATE AND PROPERTY DEVELOPMENT
TRENDS IN BRUNEI