Martin Modern Phase 1 sold out, says GuocoLand

By Angela Teo / The Edge Property | July 24, 2017 2:39 PM SGT
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Updated, June 24, 2017, 6:39 p.m., to change units sold to approximately 90 units instead of as previously published.
GuocoLand sold approximately 90 units for the first phase of Martin Modern for a total of more than $220 million, over the weekend from July 22 to 23. Each unit was sold at a price range of $1.75 million to $4.55 million ($2,009 psf to more than $2,500 psf). Units sold ranged from two- to four-bedroom units.
“More than 70% of the units sold were larger units and 80% of buyers were high-income Singaporeans,” says Cheng Hsing Yao, Group Managing Director of GuocoLand Singapore. “This is a strong stamp of confidence in Martin Modern in terms of its quality and growth potential.” Cheng adds that many of the buyers are considering the units for their own use.
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According to GuocoLand, Martin Modern buyers were attracted to the ‘home within a botanic garden’ concept. The project is expected to receive its Temporary Occupation Permit (TOP) by end-2021.
Martin Modern Launch Weekend
Source: GuocoLand Singapore

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