More than 60% of units at Midtown Modern condo sold on launch weekend

A total of 340 of the 558 units of condominium Midtown Modern sold on launch weekend

SINGAPORE- An overall of 340 of the 558 systems of condo Midtown Modern in Bugis were gotten on its launch weekend break.

The rate of systems ranged between $2,401 as well as $3,501 per sq ft (psf), with those marketed opting for approximately close to $2,800 psf.

Around 90 per cent of all one- as well as two-bedroom systems and also nearly half of all three-bedroom systems were offered, claimed programmer GuocoLand in a declaration on Monday (March 22).

A 3,520 sq ft five-bedroom penthouse setting you back $14.83 million and eight four-bedroom units were additionally grabbed, it added.

GuocoLand said most of the buyers are Singaporeans, with a mix of owner-occupiers and also investors.

Downtown Modern, in Tan Quee Lan Road, is the second condo in GuocoLand’s Guoco Midtown, a 3.2 ha mixed-use mega advancement in Beach Roadway as a result of being finished in phases beginning with 2022.

The 99-year leasehold condominium, making up 2 30-storey towers and also a retail podium, will certainly include around 10 thematic yards and also landscaped areas, a 50m pool, clubhouse, tennis court, hot spring as well as a tea house, to name a few.

The growth is a joint venture between GuocoLand, Hong Leong Holdings, Marina One Residences, and Hong Real Estate (Private) and its sales gallery opened up for a sneak peek on March 6.

Several owner-occupier buyers belonging to younger age groups or smaller household sizes located the two and also three-bedroom unit layouts well developed for liveability stated GuocoLand Singapore general supervisor of property Dora Chng.

She stated: “As a matter of fact, a number of investor-buyers also gave feedback that they mean to relocate into Downtown Modern when they age due to the fact that the substantial series of amenities and also straight link to the Bugis MRT interchange station make their hectic way of lives easier. We are expecting larger families to find as they improve accustomed with the advancement.”

Expected to be completed by 2024, the development is connected to the Bugis MRT interchange terminal, which is offered by the East-West and also Midtown lines.

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