Midtown Modern Sells 61% Of Units At Launch
Midtown Modern saw an intensified appeal during its debut, with 3hundred 40 flats or 61% of the property’s Five hundred Fifty-eight units marketed accross the saturday and sunday kick off.
Mainly, around Ninety% of almost all 1 including 2 bed room units and close to 50% of all of the three bed room flats were dedaled at the time of the kick off.
8 of 4 bedroom units were also transacted alongside one particular of the two penthouses.
“The value per sq ft gotten by Midtown Modern ranged from $2thousand 4hundred psf to $3.5K per square ft, with flats cost a medium amount close to $2,800 psf,” revealed GuocoLand.
Having this, an one bedroom unit sold for $1.17 million also $5.63 million for a four room unit.
The five bedroom penthouse, that extends 3,520 sq ft, proceeded for $14.83 million or $4,213 psf.
“The overwhelming request for Midtown Modern can be credited to the development’s unique attributes which happen to be non-replicable– immediate entry to Bugis Mass Rapid Transit interchange terminal, belonging to the all-in-one Guoco Midtown, and even comprehensive residence features with at least 1 hectare of patios and woodland directly in the core of the city,” shared Dora Chng, General Manager, Residential at GuocoLand SGP.
Singaporeans accounted for 85% of the overall home buyers, while at the same time long term residents and foreigners represented the last FIfteenpercent.
GuocoLand saw that the shoppers characteristic include “a mix of owner-occupiers and also financiers throughout diverse market, out of singles or partners who favor the one-bedroom and smaller two room units, to families that were impressed towards the highly reliable and liveable larger 2 bedroom (that incorporates 2 bedrooms, two baths plus a laundry room) and also three bedroom units”.
Most of the owner-occupier shoppers arise from smaller house numbers or happen to be of the younger gen, who came across the 3 bedroom and 2 room flat format “remarkably attentively built for liveability”, pointed out Chng.
A few of the investor-buyers furthermore shared their purpose to in the end relocate into Midtown Modern when they get older.
“We are anticipating bigger family groups to roll in as these individuals get improved familiarised with the project,” further mentioned Chng.
Ready to be completed in 2024, Midtown Modern is a association in between GuocoLand, Hong Leong Holdings Limited and Hong Realty (Pte) Ltd.
It released for preview on 6March, having the show gallery found at Kallang Airport Way.