Martin Modern Condo
Martin Modern is a new condo located in the prime District 9 at the Martin Place. It is developed by First Bedok Land Ltd a subsidiary of GuocoLand, a highly reputable developer with projects such as Leedon Residence, Wallich Residence, and Goodwood Residence.
Government Land Sales (GLS) plot always attracts high bids of $595 million and there were 13 bidders who evinced interest in the plot of land. The plot of land is huge and large beautiful landscapes with quality and spacious layouts can be built on Martin Modern to complement the cosmopolitan life set near the Clarke Quay and Singapore River District.
|Project Name||Martin Moden|
|Developer||Guocoland / First Bedok Land Pte Ltd|
|Gross Floor Area||44,622 sqm|
|No of Blocks||TBA|
|No of Storeys||TBA|
|No of Units||Approximately 450|
Martin Modern Price
It is noted that a total of 13 bids were submitted for the tender of Martin Modern at Great World City which also means that developers are optimistic of the plot of land at Martin Place. It was expected that many developers will be bidding a competitive pricing for the prime piece of land in expectation of general pick up in demand for core city center properties, in particular, land near Great World City MRT Station and River Valley.
The price which Guocoland has submitted for the plot of land will be in line with expectations that there will be some relaxation in property cooling measure thereby bringing demand back for Core Centre Region properties.
Martin Modern Price Guide as of 12 July 2o17
- 2-Bedroom (764 sq ft) – S$1.8m to S$1.96m
- 2-Bedroom + Study (850 to 883 sq ft) – S$1.93m to S$2.08m
- 3-Bedroom (1,012 to 1,087 sq ft) – S$2.12m to S$2.46m
- 3-Bedroom Premium(1,324 to 1,421 sq ft) – S$2.88m to S$3.18m
- 4-Bedroom (1,701 to 1,798 sq ft) – S$3.86m to S$4.26m
Please note that the above Martin Modern price is subjected to future changes, Please Contact us by clicking the blue button to have updates.
Martin Modern Location
This brand-new development is a few minutes’ walk from Great World City MRT which also puts it close to Great World City and Orchard Road shopping belt. The development is also near Robertson Quay where you can find shop houses, coffee shops, pubs, and bistros.
This new condo is part of the rejuvenation of the Robertson Quay and Martin Place area together with other upmarket condos in the area.
Central Business District (CBD) is also not far off as well as other financial districts such as Marina Bay, Shenton Way, and Raffles Place.
Amenities Near Martin Modern
It is noted that the launch date of Martin Modern Condo might be in time for the number of prime residential sites that are for sale is very limited and with the recovery of the core central region market, the development by GuocoLand might receive great interest from the buyers. This might prove to be a fact as the recent launch of Cairnhill Nine next to Paragon Shopping Centre was launched last year and it receives great feedback from investors. Guocoland might launch the project which might be in the time when some of the cooling measures are lifted. The location of Martin Modern is also right next to Great World City MRT Station on the Thomson-East Coast Line which brings in great convenience for owners of the development.
Martin Modern Site Plan
Martin Modern Floor Plans
Martin Modern consist of 1,2,3 bedroom units available. Typically, there are 2 types of facing. Martin Road or River Valley Road facing. As a general guide, units 6th floor and above are able to get a unblock view. Martin Modern by Guocoland represents an iconic development with true city living right in the heart of Orchard and a few minutes’ walk to Great World City MRT Station.
There is also a cap placed on the maximum number of units that can be built on Martin Modern Condo. The cap is at 450 units which mean that the average size of a unit at the development is around 1,067sqft. There are restrictions on the max number of units as the authorities may be concerned about traffic in the Martin Place as well as the River Valley area.
Martin Modern Review
MARTIN MODERN REVIEW
Martin Modern ReviewMartin Modern: ERA senior trainer and the no. 1 Top Group Division Director Chris Chen said: "We are in the second quarter 2017 now. In the past few months, we were seeing a healthy improvement in private condo sales in Singapore, for both resale and new home sales. This increase in buyer's confidence in private condo market started when Park Place Residences @ PLT was launched in Q1 2017. With 50% sold in one day, Developer Lendlease has stopped sales in anticipation of an even better property market, in the next release. What triggers this upswing in the Singapore private condo sales? In my 15 years of experience in real estate sales and marketing, Singapore is going through a major transformation in real estate market. With multiple major world economic events, for example Asia Economy Crisis, SARS, US subprime, Singapore real estate market is maturing. We used to be a localised buyer's market, with some investors from Malaysia, China and Indonesia. Now, the pool of buyers keen in buying Singapore is worldwide. This translates into a huge demand in private condo sales because foreigners are not allowed to buy landed residential property without government approval. 7 years ago, the Singapore property market cooling measures started. The measures were intended to tame the real estate market, and they were first introduced when the buying frenzy was progressing to the peak. In other words, the cooled property market in Singapore now is due to artificial suppression by the authority. Seven years of suppression has been quite a long time. Now, when the government tweaked the cooling measures in March, we began to see a change in the sentiment amongst potential buyers, many of them take this as a signal that the Singapore property market has now reached the bottom and the government is willingly to start to remove some of the cooling measures, and they feel that the March tweaking could well be the beginning of a series of more tweaking in time to come. Hence, the buying sentiment goes back to the market and the private condo sales starts to increase." www.erasg.sg