Martin Modern, this new 99-year leasehold residential site at Martin Place was launched for public tender on 28th April 2016. The tender closed on 28th June 2016 and have attracted 13 bids with the highest bid coming from First Bedok Land, a unit of GuocoLand Limited. The price of $595.1 million for the land was translated to $1,239 psf per plot ratio (ppr). This is also one of the highest psf price achieved for a purely residential site under the Government Land Sales (GLS) Programme. The lowest bid came from Multi Wealth (Singapore) at $402.8 million ($839 psf ppr). The approximately 171,535 sq ft land has a maximum gross floor area(GFA) of 480,307 sq ft and it could also yield about 400 to 500 Condo units.
The availability of prime residential site in this market now is very limited. The affordable quantum also makes this land very attractive to many developers, therefore many bids were received for this site. The last site of land that was sold in the vicinity was 6 years ago in March 2011 at Robertson Quay ($938 psf ppr). It is located close to the future Great World City MRT station on the Thomson-East Coast Line.
First Bedok Land is a unit under GuocoLand Limited (GLL), a public listed company listed on the Singapore Exchange. It is an award-winning developer whose development are distinguished by quality, innovative designs and concept. It has been honoured with numerous awards and accolades both locally and internationally. The main business activities of GuocoLand and its subsidiaries are property development, property investment, hotel operations and property management. The Group’s total assets amounted to S$7.9 billion as at 30 June 2016.
Location & Amenities
Martin Modern is located at the corner of Martin Place, right in the heart of the city. It is surrounded by many amenities, restaurants and shopping malls. Upcoming Great World City MRT station and Great World City Shopping Mall is just a few minutes walk away. Great World City is a mixed development of offices and shopping centre, with cinemas and Cold Storage. Orchard road, Singapore biggest shopping district is about 10 to 15 minutes walk away. Nearest eateries will be Roberson Walk where you can find all kinds of foods. From Japanese to Korea, Chinese, Indian as well as many other Western restaurants. Further down from Robertson walk, thru an underpass you can actually walk to Clarke Quay. Here is the place where you can find all the nightspots entertainment outlets and also many types of restaurants here as well as a Japanese supermarket too.
Just opposite Martin Modern is River Valley Primary School, one of the top primary school in Singapore. There are also many other schools around the area, such as Alexandra Primary School, Gan Eng Seng School, Dimensions International College (City Campus), The University of Chicago Booth Sch of Business, Singapore Management University (SMU).
Martin Modern will be launching in 2nd quarter 2017, more info on the development will be available at a later date.
Others New Residential Launches (Condo/Cluster Houses)
District 01 – 08
V on Shenton, Spottiswoode Suites, Alex Residences, Highline Residences, Principal Garden, The Orient, 28 RC Suites, Cityscape @ Farrer Park, Forte Suites, Sturdee Residence, The Citron Residences
District 09 – 11 & 21
Espada, Liv on Wilkie, Oxley Edge, Sophia Hills, The Boutiq @ Killiney, The Rise @ Oxley, UP @ Robertson Quay, Goodwood Grand, Hallmark Residences, Liberte, Mon Jervois, Pollen & Bleu, Robin Residences, Steven Suites, Three Balmoral, White House Residences, 26 Newton, Lincoln Suites, The Whitley Residences
District 12 – 14
Ascent 456, i Residences, Kallang Riverside, The Venue, Rezi 3Two, Sims Urban Oasis, Singa Hills, Terra Villas, Tre Residences,
District 15 – 18
8M Residences, Seven Crescent, The Cristallo, The Line @ Tanjong Rhu, Coco Palms, D’Nest
District 19 – 20
Bliss @ Kovan, Botanique @ Bartley, Hilbre 28 @ Hillside Drive, Kingsford Waterbay, One Surin, Stars of Kovan, The Bently Residences @ Kovan, The Tembusu, Trillive, 183 Longhaus, Adana @ Thomson, Thomson Impressions
District 22 – 24
Lakeville, Lakegrande, Hills TwoOne
District 25 – 28
Junction Nine Residences, North Park Residences, Skies Miltonia, Flora Ville, High Park Residences, RiverTrees Residences, Seletar Park Residences