Seeking expression of interest.
Midtown Modern is a new launch development located at Tan Quee Lan Street im Singapore's District 7. Flanked by North Bridge Road and Beach road, Midtown Modern Condo is set to be part of the wider Bugis transformation. In this vibrant location with Bugis Junction, Bugis + and Bugis Village nearby, this mixed-use development will further inject life into district 7.
Midtown Modern was sold for $800.19 million on September 5 2019 to a joint venture between Guocoland and subsidiaries of Hong Leong Holdings, namely Intrepid Investments and Hong Realty. This land price translates to $1,535 psf per plot ratio. There was only 1 other bid for the site, submitted by City Developments Ltd (CDL), at $1,473 psf ppr.
The site area for Midtown Modern is at 11,530.8 sqm. The maximum gross floor area (GFA) for this land parcel is 521,301 sqft and this could yield about 580 private resident units. There will also be commercial units on the first level.
The breakeven price is at about $2,200 for this project, with an expected selling price of around $2,400 psf.
|Project Details||Midtown Modern|
|Developer||Guocoland And Hong Leong Holidings|
|Tenure||99 Years Leasehold|
|Gross Land Area||11,530.8 sqm|
|No. of Units||~580|
|Expected Date of TOP||2024|
|Land Price||1,535 psf ppr|
Located in District 7 (RCR), Midtown Modern condo is part of the new prime residential district. Coupled with its prime location within the district, being right beside the Bugis MRT, Midtown Modern is set to be the signature residential project in Bugis.
Midtown Modern is located right beside the Bugis MRT interchange station for Downtown and East-West Lines. The downtown line allows residents to have direct links to Marina Bay, CBD and Chinatown. This prime location with direct connection to the MRT station serves as an attractive proposition for home owners as well as investors.
Wallich Residence occupies the highest floors of Guoco Tower, an ambitious vertical city that comprises a dynamic mix of commercial, residential, retail, hotel and urban park components. Rising directly above Tanjong Pagar MRT station, this new global icon is set to position Tanjong Pagar as the premier business and lifestyle district in the CBD.
The Avenir is the dynamic new condo development that will occupy the former site of the Pacific Mansion, located in the heart of Singapore’s stunning River Valley neighbourhood. The property was acquired by developers GuocoLand, Intrepid Investments and Hong Realty in a collective sale for $980 million, making it one of the highest sales in the past ten years. Set in the Robertson Quay enclave, the condo development will feature 376 luxury units in a 36-storey high rise across a 118,844 square foot site.
3 major expressways also connect Midtown Modern to other parts of Singapore. There are East Coast Parkway (ECP), Kallang Paya Lebar Expressway (KPE), Marina Coastal Expressway (MCE). These expressways will enable residents to have an easy commute to work and other dining/shopping options in the vicinity.
For bus connections, several bus stops are availabe in the area, including Opp Suntec City, Opp Raffles Hotel and Raffles Hotel.
For medical care, Raffles hospital is 500 meters away from the condominium. This is the flagship medical facility of the Raffles Medical Group, consisting of 22 storeys, with more than 100 multi-disciplinary specialists and 16 specialist outpatient clinics.
Luxurious living at this property is epitomized by the various shopping centers right in its vicinity. Suntec City Mall (800m), Raffles City Shopping Centre (750m), Marina Square (1km), Bugis Point (150m).
For food centres, Albert Centre Market and Food Centre is only 800m away. Other hawker centres near to this property include Tekka Market, North Bridge Road Market and Food Centre, Goodlen Mile Food Centre.