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Wing Tai tops out The M, with 95% of units sold

/ EdgeProp Singapore

January 12, 2023 7:18 PM SGT

propertyeditor@edgeprop.sg

propertyeditor@edgeprop.sg

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From left: Kingsley Ng, director of P&T Consultants; Edmund Cheng, deputy chairman of Wing Tai Holdings; Stéphane Montfort, managing director of Dragages Singapore; and Tan Hwee Bin, executive director of Wing Tai Holdings at the topping out ceremony for The M (Picture: Wing Tai Holdings)

From left: Kingsley Ng, director of P&T Consultants; Edmund Cheng, deputy chairman of Wing Tai Holdings; Stéphane Montfort, managing director of Dragages Singapore; and Tan Hwee Bin, executive director of Wing Tai Holdings at the topping out ceremony for The M (Picture: Wing Tai Holdings)

SINGAPORE (EDGEPROP) - Wing Tai Holdings has topped out The M @ Middle Road, its mixed-use development in District 7’s Bugis area. On Jan 11, a topping-out ceremony was held for the 99-year leasehold project, which is slated for completion in the second half of the year.

Read also: The M: Tapping on central location and future growth prospects

The M has 522 residential units, spread across three 20-storey towers and a six-storey tower. There are also commercial units located on the ground floor. Residential units comprise a mix of studio units as well as one- to three-bedroom apartments measuring between 409 to 1,012 sq ft.

The project, which launched for sale in February 2020, saw 70% of units sold at an average price of $2,450 psf during its launch weekend, despite concerns at the time surrounding the Covid-19 outbreak. Based on caveats lodged with URA as of Jan 12, The M is now 95% taken-up, with units sold at an average price of $2,500 psf.

In December 2022, a two-bedder measuring 592 sq ft unit on the 19th floor fetched $1.921 million, or $3,245 psf. This marks an all-time psf price high for the development, beating the previous high of $3,193 psf registered in October 2022 when a 764 sq ft unit sold for $2.44 million.

The development is within walking distance of a number of MRT stations and interchanges, notably Bugis, Esplanade and City Hall, which collectively provide access to four MRT lines — Downtown, East-West, Circle and North-South. It is also close to several major commercial developments such as Suntec City, Bugis Junction, Plaza Singapura and Raffles City.

Check out the latest listings near The M, Downtown MRT station, Esplanade MRT station, City Hall MRT station

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