{"id":52814,"date":"2017-04-25T11:11:55","date_gmt":"2017-04-25T04:11:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-to-launch-martin-modern-in-second-half-of-2017\/"},"modified":"2017-04-25T11:19:03","modified_gmt":"2017-04-25T04:19:03","slug":"guocoland-to-launch-martin-modern-in-second-half-of-2017","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-to-launch-martin-modern-in-second-half-of-2017\/","title":{"rendered":"GuocoLand to launch Martin Modern in second half of 2017"},"content":{"rendered":"


\nMore than 80 percent of the Martin Modern site will be turned into a botanic garden. Image source: GuocoLand
\nProperty developer GuocoLand is targeting to launch Martin Modern, a new luxury condominium in District 9, in the second half of this year.
\nLocated at the corner of Martin Place and River Valley Close in prime Robertson Quay, the 450-unit project will comprise two 30-storey towers with two- to four-bedroom units from 800 sq ft to 1,800 sq ft.
\nAccording to marketing agent PropNex Realty, the 99-year leasehold project has an indicative average price of $2,300 psf. Actual prices of the units will only be released during the official launch, said GuocoLand.
\nThe 171,535 sq ft Martin Modern site was acquired for $595.1 million in July 2016 through a government land sales tender. This works out to about $1,239 psf per plot ratio.
\nMore than 80 percent of the site will be turned into a lush botanic garden containing more than 200 species of plants and over 50 species of trees and palms. All units come with views of the gardens, the city or the Singapore River.
\nGuocoLand Singapore\u2019s Group Managing Director, Cheng Hsing Yao, said: \u201cIn land-scarce Singapore, space in a prime location is the ultimate luxury. It is extremely rare to find a large lush site in prime District 9.\u201d
\nMartin Modern is situated near the Great World MRT station along the Thomson-East Coast Line and the Fort Canning station along the Downtown Line, both of which will be up and running by the time the project is completed. Various schools, eateries, hotels and shopping malls are also located within the vicinity.
\nThe project is expected to obtain its TOP in 2022.
\nGiving an update on its other luxury residential projects, GuocoLand revealed that Goodwood Residence along Bukit Timah Road is fully sold, while Leedon Residence at Leedon Heights is 90 percent sold.
\nSaid Cheng: \u201cLeedon Residence has seen a surge in interest among buyers since the beginning of 2017. The average price of the apartments there is around $6 million. We certainly experienced a growing sentiment that the luxury market seems to be offering great value now, especially since the supply of land in the prime districts is finite and new supply will be increasingly limited.\u201d
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…GuocoLand to launch Martin Modern in second half of 2017<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More than 80 percent of the Martin Modern site will be turned into a botanic...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-52814","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-dJQ","jetpack-related-posts":[{"id":61680,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/90-units-at-martin-modern-sold-amounting-to-220m\/","url_meta":{"origin":52814,"position":0},"title":"90 units at Martin Modern sold amounting to $220m","date":"July 25, 2017","format":false,"excerpt":"\r First phase of Martin Modern condo sold out. (Photo: GuocoLand Singapore) The official launch of Martin Modern last weekend (22-23 July) saw close to 90 units sold at a total value of more than $220 million, said developer GuocoLand. Although more than 2,000 people visited the luxury condominium\u2019s showflat\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60066,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-launches-first-large-scale-launch-in-robertson-quay-area-in-eight-years\/","url_meta":{"origin":52814,"position":1},"title":"GuocoLand launches first large-scale launch in Robertson Quay area in eight years","date":"July 7, 2017","format":false,"excerpt":"\r Landscaping, gardens and pools will utilise 80 percent of the 1.6-ha site. Source: GuocoLand Developer GuocoLand is launching luxury project Martin Modern on 22 July. The development is the first major condominium launch in the last eight years in the Robertson Quay area. Nearby amenities include the upcoming Great\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110501,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-to-preview-meyer-mansion-this-saturday\/","url_meta":{"origin":52814,"position":2},"title":"GuocoLand to preview Meyer Mansion this Saturday","date":"September 5, 2019","format":false,"excerpt":"\r The latest edition of GuocoLand\u2019s collection of luxury residential properties in prime districts, Meyer Mansion follows the success of projects such as Leedon Residence, Goodwood Residence, Martin Modern and Wallich Residence. Meyer Mansion, GuocoLand\u2019s freehold seafront residential development at Meyer Road, will be opened for preview this Saturday (7\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63296,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-cuts-back-unit-releases-at-martin-modern\/","url_meta":{"origin":52814,"position":3},"title":"GuocoLand cuts back unit releases at Martin Modern","date":"August 10, 2017","format":false,"excerpt":"\r The developer plans to increase the selling price of Martin Modern in 2018. Believing that private home prices will increase, property developer GuocoLand trimmed the number of units offered for sale at its luxury condominium Martin Modern in Martin Place, reported the Straits Times. It noted that 110 out\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63696,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buyers-and-developers-turn-attention-to-river-valley\/","url_meta":{"origin":52814,"position":4},"title":"Buyers and developers turn attention to River Valley","date":"August 15, 2017","format":false,"excerpt":"\r View of high-end apartments in Robertson Quay. (Photo: Christopher Chitty) Move over Marina Bay and Sentosa Cove because there is a growing number of luxury home buyers in Singapore who are turning their attention to the River Valley area in District 9, particularly the Robertson Quay stretch. Already an\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29437,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapores-tallest-building-nears-completion\/","url_meta":{"origin":52814,"position":5},"title":"Singapore's tallest building nears completion","date":"October 11, 2016","format":false,"excerpt":"\r Strong take-up of offices at Guoco Tower, but many residential units remain unsold, including a $30 million super penthouse. (Photo: GuocoLand) Tanjong Pagar Centre, Singapore\u2019s tallest building at 290 metres high, is close to full completion, said property developer GuocoLand. The 890,000 sq ft office component Guoco Tower and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52814"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=52814"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52814\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=52814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=52814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=52814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}