Midtown Modern Sells 61% Of Units At Launch
Midtown Modern encountered an engulfing demand midst its own commencement, by having Three hundred Forty units or Sixty Onepercent of the condo’s 5hundred 58 flats sold over the weekend break kick off.
Especially, near Ninety% of all 1 and two bed room flats and near 50% of total three room units were sold throughout the launch.
Eight of the 4 bedroom flats were also offered as well as a single one of both penthouses.
“The value per sq foot obtained by Midtown Modern ranged from $2,401 psf to $3.5K per sq foot, with units transacted at an average amount close to $2.8K per sq ft,” revealed GuocoLand.
By having this, a single bed room unit fetched $1.17 mil and $5.63 million for a four bedroom flat.
The 5 bed room penthouse, in which spans 3,520 sq ft, went for $14.83 million or $4.213K per sq ft.
“The engulfing request for Midtown Modern can absolutely be credited to the project’s distinct attributes which happen to be non-replicable– direct connectivity to Bugis MRT interchange station, belonging to the all-in-one Guoco Midtown, including full condo conveniences with more than 1 hectare of patios and forest ideal in the middle of the city,” stated Dora Chng, General Manager, Residential at GuocoLand S’pore.
Singaporeans represented Eighty-fivepercent of the overall shoppers, while at the same time PR as well as foreigners comprised the remaining 15percent.
GuocoLand noticed that the home buyers profile involve “a combination of owner-occupiers also investors across various group, out of singles or couples who give preference to the one-bedroom as well as smaller sized two bed room units, to households that were thrilled with the livable and greatly efficient larger two room (that comes with two bed rooms, 2 bathrooms plus an utility room) and three room units”.
A lot of the owner-occupier buyers originate from smaller home sizes or happen to be of younger age groups, who spotted the three bed room and 2 bedroom flat configuration “very thoughtfully crafted for liveability”, pointed out Chng.
Actually, a couple of the investor-buyers at the same time declared their objective to gradually relocate into Midtown Modern when they grow older.
“We are expecting larger families to come up as these people receive improved informed with the project,” added Chng.
Prepare to be wrapped up in 2024, Midtown Modern is a partnership of GuocoLand, Hong Leong Hldg Ltd and Hong Realty (Pte) Limited.
It began for sneak on 6Mar, with the show room found at Kallang Airport Way.