Martin Modern Phase 1 sold out, says GuocoLand
By Angela Teo / The Edge Property | July 24, 2017 2:39 PM SGT
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.
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.
Source: GuocoLand Singapore
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