Despite the perceived negativity in District 09 properties as well as other prime district condos, there has been numerous statistics that District 09 property prices have hold up very well over the long term. The graph of the prices of District 09 properties will have a good indication of Martin Modern price as an investment.
Martin Modern Price PSF Guocoland
Most of the buyers will be comparing Martin Modern with the next door Martin Place Residences. The development has TOP in 2011 and is located as well on Martin Place. Please see the below for the transacted prices of Martin Place Residences.
It can be seen at the transacted prices for Martin Place Residences has been kept steady despite the property downturn cycle which indicate that prices are resilient for core city centre condos. This is in particular reference to condos around Martin Place near Great World City. Therefore, Martin Modern prices should be kept steady in the short to mid term given that there is still demand for core city centre condos.
Martin Modern Condo 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 centre 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.