New Launch Midtown Modern At Bugis MRT Interchange By GuocoLand

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Acquiring a home is rarely just about the state of its four walls — location is also paramount. Once Midtown Modern is completed in 2025, the development is set to add further vibrancy to the Beach Road enclave. Situated along Tan Quee Lan Street, the luxury project will be right above Bugis MRT Interchange, offering residents seamless connectivity to the whole of Singapore. Banking on the strategic location, property developer GuocoLand has shared that the move to acquire the land was crucial to controlling access to the MRT station, revealed Cheng Hsing Yao, group managing director at the company. This would then allow residents and visitors to enjoy unparalleled connectivity to two MRT lines – the EastWest and Downtown Lines, and will cater to families looking for a home for a home within the CBD. Altogether, Midtown Modern will comprise 558 residential units spread across two blocks of 30-storey apartments, with commercial units at the first storey. At its launch, prices for a unit at the development will start from $1.1 xx million.

Integration with Guoco Midtown

As part of Guoco Midtown, residents of Midtown Modern will also be able to enjoy amenities beyond the retail offerings that will grace the first level of the development. Guoco Midtown is set to be a bustling lifestyle hub. With 770,000 sq ft allocated for Grade A office spaces; 219 units at Midtown Bay; an 80,000 sq ft business and lifestyle Network Hub; three retail villages spanning some 50,000 sq ft; and landscaped gardens and public spaces that take up over 400,000 sq ft, residents at Midtown Modern will be welcomed into a larger community within the CBD. “If you own a unit at Midtown Modern, you actually own a piece of Guoco Midtown,” comments Dora Chng, general manager for residential at GuocoLand Singapore. “Because our commercial and retail spaces are not for sale, residents can be assured that we will be here for the long term, managing the property for them.”

Source: Edgeprop

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Work, live and play at Guoco Midtown
Source: Edgeprop

GuocoLand is making its mark in the Beach Road neighbourhood. Construction is well underway at Guoco Midtown, a 950,600 sq ft, mixed-use development that comprises residential, retail and office components. By 2021, the developer is also set to launch Midtown Modern, comprising one- to four-bedroom apartments. Separated by Beach Road, both projects are within minutes’ walk from each other.

For residents living at Midtown Modern and Midtown Bay (the residential component of Guoco Midtown), the developer has planned for convenience at their doorstep. GuocoLand Singapore’s general manager (residential) Dora Chng describes Midtown Bay as a “business home”, which is a “unique hybrid of home and office targeted at modern cosmopolitan professionals and entrepreneurs, perfect for those with family offices”.

Chng says Midtown Modern is targeted at “people who enjoy living in the heart of the city and who are also very focused on their family’s wellness and well-being. She adds: “They desire for nature and tranquillity, but also convenience as well as being in a highly liveable development.”

Looking to the future

Despite the pandemic and the challenges it has brought on globally, GuocoLand is optimistic about the year ahead. “Singapore’s property market has shown to be resilient during the pandemic,” says Chng. “The luxury residential market has also been proven to be historically resilient as evidenced by how it has performed during previous crises.”
“Our view is that buyers will still be interested in investing in properties. Those buying for their own stay will be looking for properties that are high in liveability, taking into consideration how their needs have changed since the pandemic started, for example, the ease to work from home and access to the outdoor greenery,” she continues.