According to their assessment of the two new 99-year leasehold sites at Rivergate,Cairnhill Nine and Martin Place, GuocoLand condo may have a fast and easy sale in the current years because of the prime location and amenities nearby. The average size of 450 units will be around 1,067 Sq. Ft. Which measures smaller than Martin Place and Rivergate but is still bigger than Cairnhill residential projects.
The planning, designing and management of site may take time and therefore GuocoLand may launch this condo site in December next year or can also be early 2019.This site will possess not one but much lavish opulence that is already seen in Leedon and Goodwood residence by GuocoLand. GuocoLand could turn this overpriced land into a source of huge profit but they will need to have the right and perfect sales team for their condos. According to market research and people’s need, waiting for few more year for Martin Place Condo launching can gain much more profit and fast business than present market conditions.
Martin Modern Condo Landscape Design at Martin Place
June 30,2021 is planned to be the five years limit for the project to be complete and sell the 450 units. This is a part of Upfront remission condition by 15 % additional buyers stamp duty on condo sites. GuocoLand does not make an overpriced bid alone but in the Martin Place tender, the second highest bid was just 1.2 percent lower than Quek Leng Chan’s bid. The remaining bid was lower than S$1200 per sq.ft. per plot ratio. This deal can prove to bring great profits for GuocoLand it perfectly utilized the construction site potential. We are now looking at the top bid for Martin Modern Guocoland site at River Valley.
Martin modern is a name which you will be hearing a lot about in the coming days. If you are interested in a prestigious address in Singapore, then you won’t get any better than Martin place residences. Martin Modern is a new condo being developed by Guocoland and not just anywhere but near the Orchard in a prime district. It is located right in the heart of the city and has all the things that one can need of in a city nearby. If you like to shop, then it has got shopping malls like Robertson Walk Shopping Centre, and Central Mall at walking distance. Even schools like River Valley Primary School and Outram Secondary School are nearby. So children don’t have to go far from home to study. And one don’t even have to worry about transportation as it is located near to many bus routes along River Valley Road and Havelock road.
Martin Modern Guocoland River Valley Site
A home is something that everybody wants to own. It is a place where one can come back from work and relax. Where one can raise his/her children and make happy memories. So it a very costly investment most of the time and people are very cautious while investing in something like a new home. A person while always look at the location where he is intending to have a home. He wants it to be just perfect. If you are looking for one such location, then Martin Modern is just the place for you. This property is located in the heart of the city. It has all the facilities like school, shopping malls, transport etc. available nearby. According to the plan developed, Martin Modern will have around 450 units consisting of 1, 2 and 3 BHK homes. In-house facilities like gym, pool, clubhouse, BBQ area, garden, and ground for kids are also included in the project.
Guocoland Top Tender at River Valley Site
It is located at such a good location that Civic District for art and cultural treats is estimated to be about at a distance of just 8-min. drive. For Canning Park and Alexandra Park Connector are just about 15 min. walk away. The 450 units of Martin Modern will consist of 1, 2 and 3 BHK homes, with mostly 2 facings, either Martin Road or River Valley Road facing. It is expected that units above 6th floor will get an unblocked view. Since the maximum number of units that can be built on Martin Modern Condo is 450, the average development size is around 1,067 sqft. Guocoland seems to have overpaid for the site based on the top bid.
If you are not worries that the prices of Martin Modern will be very high s it is located in such a prime location, then you need not worry. The prices for Martin place residences have been kept steady around 1800-2000 $/sqft despite the property downturn cycle. The prices were estimated to be about 1900 $/sqft around March 2017. So it is expected to be relatively cheap. So, if you are in need of a new home, and want it to have all the facilities nearby with a really good home address, then Martin Modern Condo is place for you.