23 March 2021 Singapore Property Advisors – Just over the weekend, Midtown Modern saw an overwhelming demand during its launch, with 340 units or 61% of the development’s 558 units sold.
Specifically, around 90% of all one- and two-bedroom units and close to 50% of all three-bedroom units were sold during the launch.
Eight four-bedroom units were also sold as well as one of the two penthouses.
The price per sq ft (psf) achieved by Midtown Modern ranged from $2,401 psf to $3,501 psf, with units sold at an average price close to $2,800 psf.
With this, a one-bedroom unit fetched $1.17 million and $5.63 million for a four-bedroom unit.
The five-bedroom penthouse, which spans 3,520 sq ft, went for $14.83 million or $4,213 psf.
The overwhelming demand for Midtown Modern can be attributed to the development’s unique features which are unreplicable – direct access to Bugis MRT interchange station, being part of the transformative Guoco Midtown, and full condo facilities with more than one hectare of gardens and forest right in the heart of the city
Out of the the total buyers, Singaporeans accounted for 85%, while permanent residents and foreigners made up the remaining 15% with a mix of owner-occupiers and investors across different demographics, from singles or couples who favoured the one-bedroom and smaller two-bedroom units, to families who were impressed with the highly efficient and liveable larger two-bedroom (that comes with two bedrooms, two baths and a utility room) and three-bedroom units”.
Set to be completed in 2024, Midtown Modern is a joint venture between GuocoLand, Hong Leong Holdings Limited and Hong Realty (Private) Limited.
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| Development Name | Midtown Modern (Click to Learn More) |
| Address | 16-20 Tan Quee Lan Street |
| Developer | JV Guocoland and Hong Leong |
| Tenure | 99 Year Leasehold |
| District | 7 |
| Total Units | 558 |
| Total Size | 11,530.80 sqm |
| Expected TOP | 3rd Quarter 2025 |
| Nearest MRT | Bugis MRT Station (103m) |
| Primary School
Price |
N.A
1 Bedroom From $1.465M 2 Bedroom From $1.894M 3 Bedroom From $2.353M 4 Bedroom From $3.720M |
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COMING SOON - 27th MARCH
| Development Name | Irwell Hill Residences (Click to Learn More) |
| Address | Irwell Hill |
| Developer | CDL |
| Tenure | 99 Year Leasehold |
| District | 09 |
| Total Units | 540 |
| Total Size | 12,820.51 sqm |
| Expected TOP | Est. 2024 |
| Nearest MRT | Great World MRT Station (328m) |
| Primary School
Price |
River Valley Primary School (Within 1km)
Studio From $99xK 1 Bedroom + Study From $1.1xM 2 Bedroom From $1.4xM 3 Bedroom From $2.1xM 4 Bedroom From $4.0xM |
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COMING SOON 3rd APR
| Development Name | Provence Residences Executive Condo (Click to Learn More) |
| Address | 23-39 Canberra Crescent |
| Developer | MCC Land |
| Tenure | 99 Year Leasehold |
| District | 27 |
| Total Units | 413 |
| Total Size | 16,690.00 sqm |
| Expected TOP | 2026 |
| Nearest MRT | Canberra MRT Station (735m) |
| Primary School
Price |
Sembawang Primary School (Within 1km)
Likely 11xxPSF |
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COMING SOON - 10th APRIL
| Development Name | One-North Eden (Click to Learn More) |
| Address | 8-10 Slim Barracks Rise |
| Developer | TID Pte Ltd |
| Tenure | 99 Year Leasehold |
| District | 05 |
| Total Units | 165 |
| Total Size | 5,778.7 sqm |
| Expected TOP | Est. 2023 |
| Nearest MRT | Buona Vista MRT Station (412m) |
| Primary School
Price |
Fairfield Methodist (Within 1km)
Likely 18xxPSF-21xxPSF |
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COMING SOON APR/MAY
| Development Name | One Bernam (Click to Learn More) |
| Address | Bernam Street |
| Developer | Haoyuan Investment & MCC |
| Tenure | 99 Year Leasehold |
| District | 02 |
| Total Units | 520 + 2 Shops |
| Total Size | 3,846.20 sqm |
| Expected TOP | Est. 2024 |
| Nearest MRT | Tanjong Pagar MRT Station (397m) |
| Primary School
Price |
Cantonment Primary School (Within 1km)
PSF Likely 2600-2800PSF |
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