Martin Modern is situated in the District 9 in the prime city centre. This new condo is established and developed by Guocoland’s subsidiary, First Bedok Land Pte Ltd, a reliable and highly reputable developer, with great track records in previous projects, including the Goodwood Residence, Wallich Residence and Leedon Residence.
Buyers of the Martin Modern will likely associate this property with the nearby Martin Place Residences.
Despite the negative impressions of the District 9 property and other prime district condos, various statistics have shown that District 9 property costs hold up well in the long run: the prices of transacted Martin Place Residences have remained steady, unaffected by the property downturn cycle. Prices of these ‘core city center condos’, located at Martin Place near Great World City, are irrepressible.
The price of Martin Modern is thus kept steady in the short and mid-term, provided the current demand. Guocoland could launch the sale of Martin Modern in the second half of 2017.
Designs for the development have been contained: 80 per cent of the site will submit to a lush botanic garden. Unique units facing the Singapore River, the city or gardens are very popular, and designed to meet the demand. This development will also include a garden featuring about 200 unique plant species and 50 tree-and-palm species.
The Price of Martin Modern Condo
Developers were really enthusiastic about the land in Martin Place; 13 bids were received for the tender of Martin Modern at Great World City.
There were high expectations for developers to bid competitively for this prime plot of land, as there was an increase in demand for central city center property, especially the land near River Valley and the newly built Great World City MRT Station.
The price to be submitted by Guocoland for the piece of land is based on the expectation that there will be moderation in property cooling extent, and as a result bring back the interest for the Core Center Region property.
Martin Modern condos feature eminence, class, and distinction and are the best in the market. There is a variety of property offered by the newly launched condo, and there are a lot of information on the home page regarding the condo’s price and value in the competitive market.
Martin Modern Condo’s launch might happen during the time when a number of major residential places are up for sale and very limited.