Midtown Modern

About Midtown Modern

The tender for Urban Redevelopment Authority’s (URA) Midtown Modern site offered under the Government Land Sales (GLS) program has closed. The tender attracted two bidders. A partnership of three developers GuocoLand, and subsidiaries of Hong Leong Holdings, which are Hong Reality and Intrepid Investment submitted the highest bid of S$800.19 translating to S$1,535 psf ppr. The second bid was a tie-up between MCL Land and City Developments.

The site enjoys a maximum gross floor area of around 521,301 sq ft. The development is expected to house up to 580 private residential units and commercial spaces. The maximum GFA for the serviced apartments is 12,000 sq m, and the total GFA for the retail spaces at the first level shall not exceed 2,000 sq m. The estimated breakeven price for the Midtown Modern site is about S$2,200 psf and a selling price more than S$2,400 psf.

Midtown Modern site’s top bid is 5.3% higher than what the nearby Middle Road Site received at S$1,458 psf ppr. A possible explanation for the difference could be the suitable location of Midtown Modern site. It is close to Bugis MRT station that connects with the East-West and Downtown Lines.

Map & Directions

Here are our highlights of the exciting things to expect when living in this exact location of Singapore:

Walking Distance From Midtown Modern To Bugis MRT Station only 2-3 Mins Walk

BENEFITS THAT RESIDENTS OF MIDTOWN MODERN WILL ENJOY LIVING IN DISTRICT 7 OF SINGAPORE

District 7 properties are nestled in an excellent location in Singapore. The area is a historic precinct that is full of exotic cultural vibes, heritage, and several cool places. Situated close to the CBD makes it a suitable area for investment. When living here, everything is within reach. The residents enjoy an enhanced transportation network in the region that allows them to connect to various places and benefit from the nearby amenities and facilities.

If you’re looking for your next home, picking this neighbourhood is a good choice. The area is suitable for a family living since there is everything for all members of your family to enjoy. Apart from the excellent schools which are just a walking distance from Midtown Modern, there is a plethora of shopping destinations, restaurants, and exciting places. With many essential goods and services within reach, the neighbourhood is ideal for work and live in a luxurious setting.

MIDTOWN MODERN -EXCELLENT CONNECTIVITY

Transportation in District 7 is enhanced, allowing residents to easily connect within the neighbourhood and to other regions of Singapore. Midtown Modern sits right close to Tan Quee Lan St, which provides smooth access to the residence. Generally, transportation here is a breeze since the area enjoys a multitude of bus services and MRT Stations. Some of the roads in the area include Rochor Road, Beach Road, North Bridge Road, Nicoll Highway, and more. Major expressways like East Coast Parkway (ECP), Central Expressway (CTE), and Ayer Rajah Expressway (AYE) allow car owners to connect to other parts of Singapore easily. Residents of Midtown Modern who want to travel outside Singapore to Malaysia can use Queen Street Bus Terminal, which is less than 10 mins walk away.

Bugis MRT station is just 1 min walk from Midtown Modern. The underground interchange station borders Victoria and Bugis planning area and connects the Downtown Line (DTL) and East-West Line (EWL). Transportation in the neighbourhood is set to become even better in the near future with the completion of the North-South Corridor (NSC). It will be the first integrated transport corridor to be constructed in Singapore featuring cycling routes and continuous bus lanes. The NSC will link various places in the north such as Ang Mo Kio, Yishun, Sembawang, and Woodland to the CBD. This will ease commuting to the nearby areas from the Downtown Core.

If you are a cycling enthusiast, then you’ll be happy to know that the upcoming NSC will allow you to link to the new Central Area cycling network extending the Marina Bay cycling network to places like Bras Basah, and Civic District. Besides, cycling routes along Queenstown-city, NSC, the Rail Corridor, and Bishan-City will also be connected enhancing your safety and convenience.

Unique Selling Points

  • ✔ Located within Central Business District, at the intersection of two key developments corridors along Beach Road and Ophir-Rochor Road
  • ✔ Key connector between 3 office micromarkets – City Hall, Marina Centre & Bugis
  • ✔ Served by 4 MRT lines and Nicoll Highway, as well as the future North South Expressway
  • ✔ Redefine the leasing concept for Grade A offices
  • ✔ Foster Community street life by providing a series of community spaces that can adapt and cater to different public activities and events

Site Plan

Floor Plans

Studio

1 Bedroom

2 Bedrooms

3 Bedrooms

3 Bedrooms Premium

4 Bedrooms

About The Developers

GuocoLand

GuocoLand is an award-winning developer with an established track record spanning across Asia. Headquartered in Singapore, the company was listed in the Singapore Exchange Securities Trading Ltd in 1978. GuocoLand operates in Singapore and other countries, including Malaysia, China, Vietnam, Australia, and the United Kingdom.

The core businesses of the group include property investment, property development, property management, and hotel operations. Their goal is achieving growth, sustainability, and scalability in its areas of services. It has a portfolio comprising amounting to about $10 billion in hospitality, residential, retail, commercial and integrated developments throughout the region.

In Singapore alone, GuocoLand has over 36 residential projects that add about 11,000 homes and apartments.

GuocoLand is reputable in Singapore for its eco-friendly developments. Through its commitment to environmental sustainability, the group has received various recognitions and awards. Among the top honours is the Building and Construction Authority (BCA), Green Mark Award for excellence in its projects such as Goodwood Residence, Guoco Tower, Sophia Residence, The Waterline, Leedon Residence, The Quartz, East Coast, and Elliot.

MIDTOWN MODERN CONDO – NEAR REPUTABLE SHOPPING DESTINATIONS

District 7 has some of the finest shopping scenes in Singapore. The neighbourhood is home to a plethora of shopping destinations that offer a variety of goods and services. Shopaholics living at Midtown Modern Bugis will appreciate the conveniences that this area offers. Bugis Street features the largest market in Singapore with a unique retail experience. The modern malls nearby are not just ideal for retail therapy; they feature cool hangout spaces and entertainment facilities.

Here’s a list of the famous shopping destinations in the neighbourhood:

Project Details

Project Name Midtown Modern
District 07
Developer & Registered Address GLL D Pte. Ltd., Intrepid Investments Pte. Ltd. and Hong Realty (Private) Limited ( JV Between GuocoLand and subsidiaries of Hong Leong Holdings)
Address Tan Quee Lan, Bugis
Showflat Location TBC
Tenure 99 years leasehold
No of Units estimated 580 units
Land Area 11,530.8 m2 (approx. 124,116.49 sq ft)
Maximum Permissible GFA 48,430 m2 (approx. 521,296.18 sq ft)
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