The bid for the Midtown Modern land in the Urban Redevelopment Authority (URA) provided by the Government Land Sales (GLS) program has ended. Two bidders gathered this offer. For the partnership between Hong Realty and Hong Leong Holdings, a three-nation real estate developer and Intrepid Investment’s subsidiary, the highest bid was 800.19 Singapore dollars, which is equivalent to 1,535 Singapore dollars per square foot. The second offer is the link between MCL land and urban development.
The maximum gross floor area of the site is approximately 521,301 square feet. The development will accommodate up to 580 Midtown Modern units and commercial spaces. The leading construction area of serviced apartments is 12,000 square meters, and the total construction area of the first-floor commercial space should not exceed 2,000 square meters. The break-even Midtown Modern Price is estimated to be approximately S$2,200 per square foot, with retail prices exceeding S$2,400 per square foot.
The highest Midtown Modern Price is S$1,458 per square foot, which is 5.3% higher than the neighboring Middle Road site. One possible explanation for the difference may be the better location of the Midtown Modern Site. It is located near the Bugis MRT Station, which connects the East-West Line and the Downtown Line.
Benefits of Living in Midtown Modern
District 7 property is conveniently located in Singapore. The area is a historic area full of exotic cultural atmosphere, heritage and some interesting places. This is excellent place for investment because it is close to the central business district. When you live here, everything is at hand. Residents can use the area’s enhanced transportation network to connect to different locations and benefit from nearby services and facilities.
If you are looking for your next home, choosing this neighbourhood is the right choice. The whole family has many places to enjoy, which is very suitable for family life. In addition to the top schools within walking distance of Midtown Modern, there are countless shopping destinations, restaurants and exciting locations. Midtown Modern Condo necessities and services around the area, making it an ideal place to work and live in a luxurious environment.
Excellent Connectivity
The improvement of transportation in District 7 has made the vehicle more convenient for residents in the autonomous region and other parts of Singapore. Midtown Modern is very close to Tan Quee Lan Street and can easily reach your house. There are many bus services and subway stations in the area, and it is usually easy to get here. Some streets in the area include Rochor Road, North Bridge Road, Beach Road and Nicoll Highway. Major expressways such as East Coast Highway (ECP), Ayer Rajah Expressway (AYE) and Central Expressway (CTE) allow car owners to connect to other parts of Singapore easily. residents of Midtown Modern, who want to travel from outside Singapore to Malaysia, can walk to the Queen Street Bus Terminal in 10 minutes.
Bugis MRT Station is only a 1-minute walk from Midtown Modern. The underground interchange station is adjacent to the Victoria and Bugis planning areas, connecting the City Line (DTL) and the East West Line (EWL). With the completion of the North-South Corridor (NSC), the adjacent traffic is expected to be further improved shortly. This will be the first comprehensive transportation corridor to be built in Singapore, with bicycle passes and priority bus lanes. NSC connects multiple locations in the north (such as Ang Mo Kio, Yishun, Sembawang and Woodland) to the CBD. This makes commuting from the city center to nearby areas easier.
If you are a cycling enthusiast, you will be happy to know that the next NSC will allow you to connect to the new Central Regional Bicycle Network, which will extend the Marina Bay Bicycle Network to areas such as Brass Basa and Civic District. Besides, along with Queenstown, New South Wales, the railway corridor and Bishan bicycle lanes will be connected to improve safety and convenience.
Nearby Schools
Compared with some areas in Singapore, educational institutions in District 7 are not so lucky. But parents will still find a good school nearby. There are good schools in the area, and District 7 is ideal for families. There is a well-known educational institution near Midtown Modern. With the convenience of going to school, parents with school-age children can live a happy life here. Besides, there are schools suitable for all levels of education for your children. If you have children under six years old, nearby Pat’s Schoolhouse @Prinsep is the right choice.
Art schools such as the Nanyang Academy of Fine Arts (NAFA) and Lasalle College of Arts (LASALLE College of Arts) have convenient transportation, which is convenient for children to pursue their dreams. There are also PoMo and Kaplan near your home. If you want to continue studying, it is very suitable for children or yourself. Private institutions offer a variety of courses, from bachelor’s degree to bachelor’s degree, and from part-time to full-time in an appropriate manner.
Here are other schools within the neighbourhood that your kids can attend:
- Stamford Primary School
- Queensfield International Business School Pte Ltd
- House on The Hill Montessori Pre-School
- Singapore Management University campus
- Greentree School of Education
Reputable Shopping Destinations
District 7 has the best shopping places in Singapore. There are countless shopping destinations in the community, offering a variety of goods and services. Shoppers living in the modern Bugis Midtown will appreciate the facilities provided in the area. Bugis Street provides a unique retail experience for Singapore’s largest market. The nearby modern shopping mall is not only ideal for retail therapy. It has stylish meeting places and entertainment facilities.
Here’s a list of the renowned shopping destinations in the neighbourhood:
Bugis Street Market
It is also known as Bugis Village. It is not only one of the largest and best shopping destinations in Singapore, but also one of the cheapest shopping destinations. The street market is home to many boats and retailers, selling garbage, antiques, shoes, accessories and food to tourists. Fashion hot spots offer a variety of clothes. There are also many restaurants that open until late, stylish bars and cafes.
Bugis Junction
From Midtown Modern, it only takes 3 minutes by car to reach this extraordinary Bugis Junction shopping center. Modern shopping malls have many attractions. Many shops sell locally designed accessories, T-shirts and clothes. The shopping center also has several bars serving sweet coffee. There are also great restaurants, vendors and fast-food restaurants.
Bugis+
A fabulous shopping mall in a 10-storey shopping mall, known as Bugis + or Bugis plus. From its beautiful appearance, you can see that it is a gem. The mall has many major brands such as Bershka, Pull & Bear and Uniqlo, as well as an independent store selling local clothing. The upper Midtown Modern have fast-food chains and restaurants, and the higher floors have multi-screen cinemas.
Sim Lim Square
Sim Lim Square, widely known as SLS, is a large technology shopping mall, within walking distance of Midtown Modern. The shopping mall has as many as 200 stores on six floors, offering various electronic products such as computers, TVs, cameras, phones and DVDs. Several restaurants can improve your shopping experience, such as Manzeel Tandoor.
Nearby Dining Spots
This part of Singapore is a gastronomic paradise, with many dining venues serving some of Singapore’s most famous dishes. On the corner of Midtown Modern, you will find all the local international food. The restaurants here serve delicious traditional Japanese, Korean and Indian cuisine. The famous Hjh Maimunah is a 9-minute walk from Midtown Modern. This place is renowned for its conventional kampong-style dishes and specialities such as Sudanese Roast Chicken and Rendan. The nearby Bugis Cube is an ideal place to taste Chinese cuisine.
There are also many vendors nearby offering delicious and affordable food. Besides, the Hawke Center is near your home. Like a shopping mall, vendors also provide a lot of food. The nearby hawker centres include Albert Street Food Center, Golden Mile Food Center and North Bridge Road Market.
The Albert Centre Market and Food Centre is a 5-minute drive from Midtown Modern Bugis Condo. This is an excellent place to eat. The walking center is trendy among locals and offers delicious food at reasonable prices. Some of the popular stalls here are Singapore’s famous Rojak, Indonesian BBQ. Food and Hockley Fish Ball Noodle, Fu Lee Fish Ball Noodles, Bedok Ku, say mature food, Bedok Ku, Bedok, etc.
The Golden Mile Food Centre also offers many food options. You can go for goreng pisang (fried bananas) from Golden Banana, red velvet or Cheese lava baguettes from Mr Baguette, and Roasted duck rice served by Tiong Bahru Roasted Duck Specialists. Other stalls here include Hainan Fried Hokkien Prawn Noodles, Kheng Fatt Hainan Beef Noodles, Fishball Story, Chung Cheng Chilli Me and 76 Golden Mile Claypot Rice.
Cool Chill-Out Spots
District 7 is famous for its bustling hip cocktail hangouts, late-night cafes, nightclubs and more. Only a 3-minute drive from Midtown Modern Guocoland, you will arrive at Kampong Gram, where you can taste Tarik and pull tea. Other cafes nearby include Shop Wonderland at Haji Lane, La Marella on Baghdad Street and Fika Cafe on North bridge Road.
Residents eager to taste delicious Southeast Asian cocktails will love the service provided by Loof. This place is located in the urban garden on the top floor of the Odeon Tower in Downtown Core. Resident DJs spend all night here which entertained you.
If you need to relax after a busy day, you can go to Torido Espresso Nook nearby. This place is reasonably priced and offers unique old-fashioned coffee and delicious food. This is a calm and relaxing place to enjoy a comfortable atmosphere in a simple atmosphere. Coffee is made with high-quality coffee beans and natural flavours, but the price is still affordable.
You can also enjoy unique cocktails and plenty of drinking options in other places, such as Kilo Camping Charcoal Club, Bar Story, Beaver Bar and Grill. Most of these venues also provide delicious food and are located in unique locations suitable for night parties. The advantage of living in Midtown Modern is that you can easily reach these leisure places from home.
Nearby Healthcare Services
The future residents of Midtown Modern do not have to worry about using medical facilities. There are enough hospitals and clinics in the area to treat various diseases. In this way, the community is suitable for family life and people with special medical needs. Raffles Hospital is within a 6-minute walk from Midtown Modern.
Raffles Hospital on North Bridge Road is owned by Raffles Medical Group, one of Singapore’s leading private medical institutions. The group has more than 50 clinics in Singapore and provides various medical services throughout Singapore.
Other nearby medical service providers include the Singapore Heart Association, Farapak Hospital, KK Women, Mount Elizabeth Hospital and Children’s Hospital. Besides, some clinics also provide specialized medical services, such as Singapura Clinic, Rochor Center Clinic, Rochor Medical Center, Parklane Medical Center and Shalom Medical Center.
Kid-Friendly Places
District 7 is an excellent place to raise children because many sites are friendly to children. The future of residents of Midtown Modern, whether it is an exciting place to visit or eat, will never run out of things here.
Bras Basah Complex
Bras Basah Complex, often referred to as Singapore’s Book City has existed for more than 40 years. The Art and Book Center is located near Midtown Modern. Parents living in Midtown Modern can quickly get to this place through famous bookstores such as Maha Yu Yi and Basheer Graphics book for arts. The playground on the 5th floor is a great place to explore books and other school supplies.
The National Museum of Singapore
What makes District 7 stand out is that it has one of the most valuable museums in Singapore. The National Museum of Singapore is less than a 5-minute drive from the future home of Midtown Modern. The museum hosts exciting events on the last Saturday of every month. Activities include live handicraft activities, interactive tours, storytelling and exciting performances.
Singapore Art Museum (Sam)
SAM is another good museum nearby. The museum is unique and is a great place to spend adequate time. The museum is dedicated to art and displays the latest trends, innovations and manifestations. It is not just an exhibition platform. A vibrant space with some of Singapore’s most talented artists.
Mint Museum of Toys
Mint Museum of Toys is another great place that your children will love. Children can’t play with toys, but they can learn a lot from a lot of old toys. They educate your child about the history of birth time. It is considered the most extensive collection in Southeast Asia, with more than 50,000 toys. Toys come from more than 40 countries/regions, some of which are more than 100 years old.
Interested Buyers can book an appointment to view the Midtown Modern Showflat here.
It is also important to identify the loan to value for your scenario as MAS has strict regulations on home loans. For more information regards to financing or stamp duties, please fill up the contact form and we will be glad to assist.
Interested parties of Parc Greenwich can find more project details in this site. The site plan and floor plans will be out soon and updated here. The elevation chart depicts the distribution of units in the development and the balance unit chart will updated regularly upon launch of the project. Please check back on this site to be kept posted.
