GuocoLand is going to finish a luxury condominium Martin Modern in the second half of this year. It will consist of two 30-story towers and a large botanic garden that will cover more than 80 percent of the Martin Modern site. As an extremely luxury project, it is targeting rich and wealthy people. The apartments will range from two to four bedroom units and will have from 800 square feet to 1.800 square feet. According to the PropNex Realty officials, actual prices are still unknown and uncertain, but the 99-year leasehold project will probably have an average price of 2.300 PSF.
Martin Modern Home with a Botanic Garden
GuocoLand acquired Martin Modern site for 595.1 million on July 2016, and it got a total of 171.535 square feet for the price. The sale went over a government land tender, which is a usual procedure for similar proprieties. It means the square feet cost around 3.469 PSF. obviously, it is not small price but the Martin Modern has a lot of potentials. The botanic garden will definitely be an extraordinary place. It will contain more than two hundred plant species and over fifty tree species. All apartments will have a direct view of the garden, the Singapore River or the city.
Martin Modern Potential Upside Investment
“It is a very rare thing to have a forest in front of your building in prime District nine, in Singapore. That will be very significant for all potential buyers, and this location presents the ultimate luxury,” said the GuocoLand Managing Director, Cheng Hsing Yao. Potential upside of the property is thus seen at this residential property enclave near Robertson Quay.
Martin Modern is located in prime Robertson Quay and both the Great World MRT station and the Fort Canning station are quite near. Many schools, shops, hotels, restaurants and shopping malls are very close, so the location is truly suitable. Still, it is expected that the object will have the highest popularity in 2022. GuocoLand gave an update about its other luxury projects and said that Leedon Residence, located at 12, Leedon Heights, is almost totally sold, while Goodwood Residence in Bukit Timah Road is completely sold. Luxury and convenience is thus met at this property by Guocoland.
Martin Modern Guocoland Residential Enclave
“Buyers have raised an interest for Leedon Residence since the beginning of this year. The apartments have an average price of six million there. We definitely have a feeling that the luxury market offers a great value these days. There is no free space in the prime districts anymore and further expansion will be significantly limited,” said the GuocoLand official Cheng.
Clearly, this is a quite unique opportunity for all those who have enough money to buy a property there. They would get a high-value real estate which price will only rise over the years, and it would be a smart investment.