Martin Modern by GuocoLand will launch this year!

Martin Modern Interior

The most awaited residence, Martin Modern, is finally launching this 2017! It will be located at Martin Place District 9 at the corner of Martin Place and River Valley Close. This project is brought to you by the GuocoLand (First Bedok Land). The gorgeous architecture design from their previous projects, its strategic location, and the reputable developer itself are probably the reasons why a lot of people are already excited from this new development. They are an award-winning developer who has shown their excellent quality, concepts and designs from their previous projects. They have also won a lot of awards from SEA, FIABCI, and SG Landscape.

They created this property a 99-year leasehold condominium standing in 2 towers of 15 blocks that will provide you a maximum number of 450 residential units in all 20 to 30 floors. The residence has a site area of 15,936 square meters or 171,471 square feet and a maximum GFA of 44,622 square meters.  It will consist of 2 to 4-bedroom units with an area of 820 to 1,800 square feet.

This residence is definitely the right choice to live in. Enjoy and create a whole new environment living space with us. Register your interest today by visiting the Martin Modern Guocoland Martin Place website.

The upcoming seaside condominium at Siglap Road

A first new project with sea views that will be built along East Coast Parkway in 15 years is going on sale soon! The East Coast plot housing the project was the first government land sale site along the ECP since 2001.

Frasers Centrepoint Singapore is launching the Seaside Residences condominium at the end of April this year. They led a consortium to win the contested tender for the 207,847 square feet plot for $624.18 million, January last year. According to them, the units at Seaside Residences are being designed to maximize the sea views with 70% of its units are orientated towards the sea.

This development will have four 27-storey blocks that will consist of 843 units that will range from 1- to 5-bedroom types and penthouses, with floor areas between 424 square feet and 2,690 square feet. The project will also have a 115m-long infinity pool and a sky terrace.

A Frasers Centrepoint Singapore chief executive called the project “a unique development that will cater to home buyers seeking a seaside home outside the bustling city centre”.

Analysts expect strong demand for the units, with its rarity and attractive quality of the site. It is just next to the Victoria School and less than 1 kilometer from the ECP and just a 3-minute walk to the upcoming Siglap MRT station.

The head of South-east Asia research at Edmund Tie and Co, Dr Lee Nai Jia, expects strong buyer interest as there have been no new sites at the East Coast since 2001. “Based on what we see historically, demand for developments in these mature estates tends to be very high. One example is Gem Residences, which sold about half its units in a day before the public launch…” He added.

The Seaside Residences have a rare combination of sea views and proximity to the future Siglap MRT station on the Thomson-East Coast Line, which runs around the city and is set for completion in 2023.

SG’s URA launched a tender for a condominium site

Martin Place Residences Building

The Urban Redevelopment Authority (URA) of Singapore has launched a public tender for a residential site at Martin Place last 28th of April (Thursday) this year.

This 99-year leasehold residential site has become under the confirmed list of the GLS (Government Land Sales) Programme for the first half year. This development has roughly about 15,936 square meters and has a maximum gross floor area of 44,622 square meters and can probably hold for about 450 units. It also has a maximum building height of 153 meters above mean sea level according to the URA.

The future occupants of this project will have a great access to the said residence as it isn’t far from some MRT stations such as the Great World MRT, Dhoby Gaut MRT, and Somerset MRT. This residence is also nearby to some local and prestigious schools like the Cambridge @ Robertson, EtonHouse Pre-School Robertson, River Valley Primary School, and The Little Skool-House. This offered site is also within the vicinity in a well-established residential are that features splendid condominiums such as the Waterford Residences and the Martin Place Residences.

The tender for this land site has closed at 12 noon last June 28 and the Urban Redevelopment has awarded the tender of this residential site to First Bedok Land Pte Ltd as they have submitted the highest bid for this land parcel.

A new residence in Bugis has sold almost 90% in 3 days

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A new residence in Bugis is the DUO Residences. It has sold for over 468 units out of 540 units that were released last 15th of November 3pm in the year 2013 according to its developer M+S Pte Ltd.

They were sold up for about 87 per cent of the units released in three consecutive days. Most of the units are more likely to sell by the end of Friday, as the lineups of the show flat were still long when The Strait Times visited at 3pm.

Most of the buyers were Singaporeans which are 78 per cent; most of them were investors that were already staying in private homes, while the other 16 per cent are the Malaysians and 6 per cent of Americans, Chinese, and Indonesians according to Ms Tan.

According to M+S Pte Ltd, The average price of the units is about 2,000 dollars per square foot (psf) and the highest per square foot that were achieved for the studio apartment was 2,600 dollars psf.

The chief operating officer of the M+S Pte Ltd, Kemmy Tan, said that the demand was strong enough to achieve a good pricing from the developer’s point of view for a 49-storey residence.

Lendlease and ADIA, Successful bidders for Park Place Residences

Bidding

The URA (Urban Redevelopment Authority) granted permission for the developers last December 2015 to build a project, is now called Park Place Residences, that will comprise a 429 apartment units with a 43,740 sq m and 470,813 sq ft of retail space and a 91,340 sq m and 983,175 sq ft fross floor area of office space.

A spokesman for Lendlease once said that the apartments will occupy three towers and that they are confident that this project will revive the area after it’s completed.

Lendlease has a 30% stake in developing this project, while ADIA has 70%.

The developers, Lendlease-ADIA alliance, were the highest bidder for the 99-year leasehold site at state that was officially closed last March 31, 2015. Its winning bid of S$1.67 billion worked out to an almost S$950 per sq ft of gross floor area.

The site holds for about four plots of 2 land parcels, an underground, and airspace. It can be developed to a maximum gross floor area of 164,794 sq m and about 1.77 million sq ft. This upcoming development will have a direct connection to both Circle Line and Paya Lebar East-West Line MRT stations.

Lendlease is known as an integrated infrastructure group that has operated in Singapore since 1973. It can span an entire development, investment, management, construction and project management, asset, and property management.

The URA also gave provisional permissions to other developers in Hongkong and Malaysia.

Marina Bay Sands, the Famous Singapore Luxurious 5-Star Hotel

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Besides the trending Orchard Property for its residents, the Marina Bay Sands is one of the most high-end resort in Singapore surrounded by plenty of attractive amenities like bars, condominiums, and hotels such as South Coast Bistro and Bar, Marina One Residences and Marina Bay Sands Hotel.

This includes a hotel that has 2,561 rooms, a 120,000 sq and 1.3 million sq ft of convention exhibition center, museum, an 800,000 sq ft of The Shoppes at Marina Bay Sands mall, two floating Crystal Pavilions, two huge theaters, skating rink, “celebrity chef” restaurants, and the world’s largest atrium casino that has opened in the month of April in the year 2010 that consists of 500 tables and 1,600 slot machines. At $8 billion, including the land cost, it was billed as the world’s most expensive casino property.

The ArtScience museum debuted with a 13-minute light, laser, and water show called WonderFull marked the full completion of the result and has opened to the public last February of 2011.

It is topped by the famous SkyPark that has officially opened to the public last June 2010 that could obtain a generous number of 4,000 people and a marvelous infinity swimming pool. Aedas is the architect of this 20-hectare resort and was gorgeously designed by the Moshe Safdie architects.

Resorts World Sentosa and Marina Bay Sands are the two winning proposals for Singapore’s first integrated resorts which incorporates the Universal Studios Theme Park. These two huge resorts were believed to meet Singapore’s tourism objectives for the next ten years.

It was originally planned to finish in a single phase in 2009 but the financial crisis forced the company to open it in phases and was further delayed until 27th of April last 2010. The official opening was pushed to 23rd of June in the same year as the rest of complex remained under construction until its grand opening in the 17th of February in the next year.

Celebrities cashing in on OUE Twin Peaks

oue

The superstar Jackie Chan and the singer-songwriter Wakin Chau purchased some apartments in OUE Twin Peaks condominium that is situated at Leonie Hill Road in District 09, Singapore.

Chau bought only one unit while Chan bought two units on the lower floors of the property according to an article from The Business Times.

These three 1-bedroom units in this 99-year leasehold condominium with a total of 571 suare feet each, have an average price of roughly S$2,850 psf. They (Market Watchers) believe that these two enjoyed a discount.

Chan owned a 3-bedroom apartment unit in the Grangefold Apartments which OUE redeveloped and is now called the Twin Peaks after getting the site in an en bloc sale for the past few years.

The property contains two identical towers that consist of 35 floors and 462 that provides with a combination of 1- to 3-bedroom apartments. OUE began selling apartment units last July in the year 2010 and has sold over 50 units within the same day and the highest selling price was recorded at S$3,170 psf.

Chan and Chau also acquired four apartments in a freehold condominium called Centennia Suites that is situated at Kim Seng Road that was worth more than S$10 million last March 2010. Chan bought 2-, 3-, and 4-bedroom units while Chau purchased the 3-bedroom unit. This is going to be one famous Orchard Property for now.

Paya Lebar Quarter is the future in Paya Lebar Road

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New construction has arrived and it is fronting the Paya Lebar MRT interchange station, a great unique location in one of the future hub in the Payar Lebar Road in District 14.

The Paya Lebar Quarter, developed by Australian property group Lendlease and Abu Dhabi Investment Authority is a mixed development worth $3.2 billion. Lendlease is confident with the project as it features a great unique location as not many launches are featured within the area. With its accessibility through public transportation as well as it is located at the central, soon it will be the future hub in the country.

The development features a wellness theme with its 100k sq ft of lush greeneries and it also features 20k sq ft of covered event space outside the mall. There will also be a 6 meters wide cycling trail and pedestrian pathway as well as facilities for storing bicycles and scooters, aiming for a BCA Green Mark Platinum Award.

Soon this will be transformed in the commercial hub and more new launches are coming in with some like the Orchard condo for sale and the likes of Park Place Residences, a leasehold condominium with 429 residential units and soon to be known commercial spaces. The government is doing a good job on their decentralization plans and we’ll update you on more latest news about Paya Lebar Quarter.