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A new record price was set for a 3,272 sq ft penthouse unit at Midtown Modern in downtown Bugis for $14 million
Singapore-listed property group GuocoLand's iconic integrated city fringe condo development - Midtown Modern has achieved a new record price for a private residential condo in District 07 when a buyer secured the 3,272 sq ft penthouse unit for $14 million last month or $4,278 psf.
This is the last of two penthouses in the 558-unit development to be sold. The first penthouse unit was sold during the project’s initial launch in March last year. That 3,520 sq ft unit was sold for $14.83 million ($4,213 psf) in March 2021.
Till today, 74% of the total units in the whole Midtown Modern integrated development has been sold. Current avail units at Midtown Modern consists of one bedroom units priced from $3,6xx psf onwards, last unit of two bedroom at nearly $3,300 psf, three bedroom units from $2,6xx psf onwards and four bedroom units from $2,5xx psf onwards.
The 99-year leasehold condominium is a joint venture between GuocoLand and Hong Leong and comprises two 30-storey towers and a retail podium, will feature around 10 thematic gardens and landscaped areas, a 50m swimming pool, clubhouse, tennis court, hot spring and tea house, among others.
This is the last of two penthouses in the 558-unit development to be sold. The first penthouse unit was sold during the project’s initial launch in March last year. That 3,520 sq ft unit was sold for $14.83 million ($4,213 psf) in March 2021.
Till today, 74% of the total units in the whole Midtown Modern integrated development has been sold. Current avail units at Midtown Modern consists of one bedroom units priced from $3,6xx psf onwards, last unit of two bedroom at nearly $3,300 psf, three bedroom units from $2,6xx psf onwards and four bedroom units from $2,5xx psf onwards.
The 99-year leasehold condominium is a joint venture between GuocoLand and Hong Leong and comprises two 30-storey towers and a retail podium, will feature around 10 thematic gardens and landscaped areas, a 50m swimming pool, clubhouse, tennis court, hot spring and tea house, among others.
Midtown Modern begins at the arrival lounge. The mood in this high-ceilinged lobby is shaped by the light through the glass elevator shaft. Bright and cheery in the day, quieter and more intimate as dusk approaches
In total, around 90 per cent of all 1- and 2-bedroom units at Midtown Modern, and close to 50 per cent of all 3-bedroom units were sold. In addition, eight 4-bedroom units were also snapped up with the majority of buyers being Singaporeans. Current avail prices ranged from S$1.487 million for a one-bedroom unit, to S$6.86 million for a 4-bedroom unit.
Many owner-occupier buyers of Midtown Modern belong to younger age groups or smaller household sizes who loved the location and felt that the two and three-bedroom unit layouts are well designed for liveability.
Expected to be completed by 2024, Midtown Modern is surrounded by an amazing variety of eateries and range of amenities with direct connection to the Bugis MRT interchange station (served by the East-West and Downtown lines), 5 star hotels, grade A offices, entertainment venues, shopping malls, convention centres and more.
Many owner-occupier buyers of Midtown Modern belong to younger age groups or smaller household sizes who loved the location and felt that the two and three-bedroom unit layouts are well designed for liveability.
Expected to be completed by 2024, Midtown Modern is surrounded by an amazing variety of eateries and range of amenities with direct connection to the Bugis MRT interchange station (served by the East-West and Downtown lines), 5 star hotels, grade A offices, entertainment venues, shopping malls, convention centres and more.
Located in a vibrant neighbourhood in District 07, Piccadilly Grand - a joint development by both CDL and MCL Land - is the perfect home for residents who desire the ultimate convenience of an integrated condo lifestyle.
Real estate agency Huttons Asia's Kiwi Lim felt that Midtown Modern's latest record psf price for its penthouse is not surprising in today's property market because it is a rare brand new integrated condo development especially when its in the city fringe. There are only a handful of integrated condo projects - estimated less than 5% of all condo developments in Singapore offer such ultimate lifestyle convenience to its residents.
For investors or potential buyers who missed Midtown Modern's VIP preview launch, there is another rare upcoming integrated condo development in District 08 developed by two powerhouse developers CDL and MCL Land that will be expected to launch for preview soon next week - Piccadilly Grand.
For investors or potential buyers who missed Midtown Modern's VIP preview launch, there is another rare upcoming integrated condo development in District 08 developed by two powerhouse developers CDL and MCL Land that will be expected to launch for preview soon next week - Piccadilly Grand.
Edgeprop Singapore online article
1 Comments
Great condo
