{"id":61680,"date":"2017-07-25T05:00:26","date_gmt":"2017-07-24T22:00:26","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/90-units-at-martin-modern-sold-amounting-to-220m\/"},"modified":"2017-07-25T05:09:07","modified_gmt":"2017-07-24T22:09:07","slug":"90-units-at-martin-modern-sold-amounting-to-220m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/90-units-at-martin-modern-sold-amounting-to-220m\/","title":{"rendered":"90 units at Martin Modern sold amounting to $220m"},"content":{"rendered":"


\nFirst phase of Martin Modern condo sold out. (Photo: GuocoLand Singapore)
\nThe 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.
\nAlthough more than 2,000 people visited the luxury condominium\u2019s showflat during its first weekend preview on 8 and 9 July, the sales result was better than expected with the first phase snapped up. \u00a0
\nIn fact, the initial plan was to launch between 50 to 60 apartments, but more units were subsequently released due to high demand.
\nSEE ALSO: Martin Modern condo draws over 2,000 people
\nThe 450-unit project comprises a range of two- to four-bedroom units from 764 sq ft to 1,798 sq ft.
\nAccording to GuocoLand, the units sold were priced from $1.75 million to $4.55 million, or $2,009 psf to over $2,500 psf.\u00a0
\n\u201cThe response is fantastic as this is a high-end project and each unit is relatively big-ticket,\u201d said Cheng Hsing Yao, Group Managing Director at GuocoLand Singapore.
\n\u201cWhat is more encouraging is that more than 70 percent of the units sold were the larger units and 80 percent of the buyers are high-income Singaporeans. We also understand that many of the buyers are considering the units for their own use,\u201d he noted.
\nLocated at Robertson Quay in District 9, more than 80 percent of the 171,535 sq ft residential site will be turned into a botanic garden.
\nThe area is undergoing a major transformation with two new MRT lines and upcoming stations at Great World and Fort Canning, as well as redevelopment of the Kim Seng Road corridor.
\nMartin Modern is expected to receive its temporary occupation permit by end 2021.\u00a0\u00a0
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…90 units at Martin Modern sold amounting to 0m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

First phase of Martin Modern condo sold out. (Photo: GuocoLand Singapore) The official launch of...<\/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-61680","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-g2Q","jetpack-related-posts":[{"id":52814,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-to-launch-martin-modern-in-second-half-of-2017\/","url_meta":{"origin":61680,"position":0},"title":"GuocoLand to launch Martin Modern in second half of 2017","date":"April 25, 2017","format":false,"excerpt":"\r More than 80 percent of the Martin Modern site will be turned into a botanic garden. Image source: GuocoLand Property developer GuocoLand is targeting to launch Martin Modern, a new luxury condominium in District 9, in the second half of this year. Located at the corner of Martin Place\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60292,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/martin-modern-condo-draws-over-2000-people\/","url_meta":{"origin":61680,"position":1},"title":"Martin Modern condo draws over 2,000 people","date":"July 10, 2017","format":false,"excerpt":"\r Strong turnout at preview of Martin Modern\u2019s showflat. (Photo: GuocoLand) Martin Modern, GuocoLand\u2019s latest residential development, attracted more than 2,000 visitors to its showflat preview over the weekend (8 \u2013 9 July). Located at Martin Place in Robertson Quay, it is the first large-scale condominium to be launched in\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":61680,"position":2},"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":110501,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-to-preview-meyer-mansion-this-saturday\/","url_meta":{"origin":61680,"position":3},"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":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":61680,"position":4},"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":111050,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-tales-at-recent-condo-launches\/","url_meta":{"origin":61680,"position":5},"title":"Two tales at recent condo launches","date":"September 25, 2019","format":false,"excerpt":"\r Despite the slim profit margin, the developers of Cuscaden Reserve and The Antares probably deemed it better to launch the projects now considering the significant supply.\u00a0However, both GuocoLand and Low Keng Huat had enough room to price their projects more attractively and sell more units at launch.\u00a0 Four new\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\/61680"}],"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=61680"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/61680\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=61680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=61680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=61680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}