Midtown Modern Sells 61% Of Units At Launch
Midtown Modern saw an overwhelming need over its kick off, with 340 units or 61percent of the project’s 558 flats dealed accross the saturday and sunday debut.
Particularly, more or less Ninety% of all a single including 2 room flats and close to halfpercent of almost all 3 room flats were transacted midst the kick off.
8 of the 4 bedroom flats were also transacted as well as a single of the two penthouses.
“The figure psf achieved by Midtown Modern ranged from $2,401 psf to $3.5K psf, with flats marketed at a mean price close to $2.8K psf,” said GuocoLand.
Through this, an individual bedroom unit fetched $1.17 million and $5.63 million for a 4 room flat.
The 5 bedroom penthouse, which spans 3,520 square ft, proceeded for $14.83 million or $4,213 psf.
“The intensified interest for Midtown Modern can absolutely be credited to the condo’s one-of-a-kind components which happen to be unreplicable– straight access to Bugis Mass Rapid Transit interchange terminal, becoming part of the all-in-one Guoco Midtown, plus detailed condo conveniences with more than one hectare of yards and woods perfectly in the core of the city,” said Dora Chng, GM, Residential at GuocoLand S’pore.
S’poreans made up 85percent of the entire home buyers, while PR as well as foreigners composed the balance FIfteen%.
GuocoLand registered that the shoppers characteristic include “a mix of owner-occupiers also financiers along various market, out of singles or husband and wives that give preference to the one-bedroom as well as smaller two bedroom units, to family groups that get impressed with the livable and extremely efficient wider 2 bed room (that includes two rooms, 2 baths along with an utility room) and three-bedroom units”.
A lot of the owner-occupier buyers originate from smaller household numbers or are actually of more youthful age, who uncovered the two-bedroom and three-bedroom unit outline “extremely attentively designed for liveability”, shared Chng.
Actually, a number of the investor-buyers additionally revealed their idea to in due course move in to Midtown Modern when they age.
“We are foreseing bigger family groups to turn up as these people receive better familiarized with the project,” add on Chng.
Ready to be concluded in 2K24, Midtown Modern is a partnership in between GuocoLand, Hong Leong Holdings Limited plus Hong Realty (Private) Limited.
It started for viewing on 6Mar, having the show gallery situated at Kallang Airport Way.