Martin Modern Secret Gardens

A new condo at District 09, Singapore

Martin Modern is a 99-year leasehold property by GuocoLand (First Bedok Land). It will be situated in a prime District 09 at Martin Place within the vicinity of the River Valley. Investors are already expecting so much from this property because of the developer’s previous projects which was a big success.

The location will have a great access throughout the city as this development will be served by some major expressways and public transportations such as the Somerset MRT and the upcoming Great World City MRT, which is a part of the Thomson East-Coast Line. This line will take you directly to various types of shopping choices around the Orchard Road and Marina Bay.

Family occupants with children who still goes to school will have nothing to worry about as this residence is nowhere far from the reputable educational institutions. Some of these are the Singapore Management University, River Valley Primary School and other various international schools.

With its excellent quality of amenities and units, people will certainly love this residence. So before you lose a slot, register your interest today by visiting the Martin Modern Condo website to give you more details about this property.

New Residence by Frasers at Siglap Link

The newest condominium on Siglap Road Singapore, a 99-year leasehold Seaside Residences is taking the area by storm. This is a development by the Frasers Centrepoint Home group. It offers residents a premier access to the area’s best amenities as it is near East Coast Park and popular roads such as Marine Parade and Siglap Road.

It aims to offer residents a supreme living experience unlike anything within the area. It is an investment that is worth over $600 million. It is known for their high-quality work in Singapore and throughout Asia. This development is expected to produce 843 units for future occupants. Facing the beautiful coast, these modern dwellings were created to dazzle and impress both residents and onlookers. This project also offers families options to live in, with 1- to 4-bedroom units. This will be a great spot for people seeking modern and functional designs to raise a family. It provides a quality community feel and a home that can finally be a retreat for those who choose to invest in this project.

Future residents will have the chance to experience all the exclusive amenities that are offered alongside these accommodations. Amenities include are a BBQ spot, courtyard, club house, cabana, 50m lap pool, wading pool, Jacuzzi, and many other exciting features. The facilities at this residence allow inhabitants to feel like they’re on vacation everyday even when they’re just at home.

For young families that are just moving in, they will have a lot of educational options to select from when it comes to schools within the area. Further, for future residents that chooses to move to this residence will also have an easy accessibility to many public transportation lines and expressways. Residents will not have to worry about finding things to do locally from the supermarkets, dining areas and shops within the area.

This Frasers Centrepoint’s development is coming soon and is certain to make a splash for the residents of Singapore. With affordable pricing and excellent amenities, it should be no surprise that these are exciting everyone. Keep updated at their website especially when the Seaside Residences floor plans comes out.

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Martin Place Residences’ resale prices continue to soften

In District 9 alone, there were 22 transactions held from June 12 to 21. Apart from the new OUE Twin Peaks, Martin Place Residences that was officially completed last 2011 also saw a heightened activity.

This residence is located at Martin Place in River Valley Road. Recent series of resale didn’t come as a surprise to some real estate agents marketing units of this property. They attribute it to a site next door which URA had launched for sale last April.

According to an anonymous agent, some of the owners of this residence do not relish living next to a construction site for the next three to five years.

The tender of that site has closed last June 28 and has attracted 13 bids. The highest bid came from the GuocoLand.

There weren’t also new launches within the vicinity. The only residential place in the vicinity is the Martin Place Residences that was fully sold five years ago. Some of the units sold recently in resale are three 3-bedroom units; one is 1,722 sq ft for $3.42 million ($3.44 million before), a 1,421 sq ft for $2.92 million ($3 million before), and a 1,421 sq ft for $2.925 million ($2.11 million before). This translates into a capital upside of 28.4% for over the past 7 years.

Bugis Village Singapore

The first resale transaction in a new residence at Bugis was sold at a loss

Last April 7, 2015, A URA’s (Urban Redevelopment Authority) caveat data was released and it is said that a 1,432 square feet at DUO Residences was sold in a secondary market at a loss of 534,050 dollars in March. It was first resale transaction for this beautiful project of M+S Pte Ltd.

The unit was said first bought on December 10 in the year 2013 of its previous owner at 2,934,050 dollars or 2,049 dollars per square foot and was slightly resold over a year March 18 last year at 2.4 million dollars or 2,049 dollars per square foot.

This is M+S Pte Ltd’s first project that is expected to be completed on 2017. This is a joint venture between Malaysia’s Khazanah Nasional and Singapore’s Temasek Holdings.

The initial launch of this development was a success from its developers as it sold for about 87 percent of its released units. It was reported February last year that it has already sold 94% of its total units including all of its studio and 1-bedroom apartments.

More ‘fire sales’ will be expected from overstretched home owners with the rising interest rates. Larger apartment units are likely to get affected with the tightening of loan policies as seen from abortive transaction as the amount of property price has become limiting factor.

Out of 11,325 transactions, 86.6% that were recorded in 2014 were 1.5 million dollars and below.