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Thread: Martin Modern By GuocoLand @ District 09 Orchard

  1. #11
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    http://www.propertyguru.com.sg/prope..._content=links

    Martin Modern condo draws over 2,000 people



    Martin Modern, GuocoLand’s latest residential development, attracted more than 2,000 visitors to its showflat preview over the weekend (8 – 9 July).

    Located at Martin Place in Robertson Quay, it is the first large-scale condominium to be launched in the area in the past eight years.

    When completed by end 2021, it will comprise 450 units set within a botanic garden. A range of two- to four-bedroom apartments from 764 sq ft to 1,798 sq ft are available. Prices start from $1.8 million.

    One of the visitors, X. J. Yan, a Singaporean in her early 50s said: “The layout is elegantly designed and is functional as well as practical.”

    Mohamed Ismail, CEO of marketing agent PropNex Realty, said the response was very strong.

    “In fact, we have been getting numerous enquiries on the ground about Martin Modern over the past few months,” he noted.

    The 99-year leasehold project is expected to be officially launched on 22 July.

    “Many people recognise that the high-end market presents very good value now and are waiting for the right opportunity to enter the market,” said Cheng Hsing Yao, Group Managing Director at GuocoLand Singapore.

    “Martin Modern is coming into the market at a very opportune time. On top of that, it will benefit from the continuing growth and transformation of the Robertson Quay area when the new MRT line and future developments there come up.”

  2. #12
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    Looks like lots of flippers around waiting to flip for a profit (without wanting to come out with too much cash upfront at the time of purchase)...........

    For all the reasons quoted to buy Martin Modern, there are many more which are Freehold and of cheaper price (and most likely of better built quality) than Martin Modern nearby......................

    Quote Originally Posted by Laguna View Post
    http://www.propertyguru.com.sg/prope..._content=links

    Martin Modern condo draws over 2,000 people



    Martin Modern, GuocoLand’s latest residential development, attracted more than 2,000 visitors to its showflat preview over the weekend (8 – 9 July).

    Located at Martin Place in Robertson Quay, it is the first large-scale condominium to be launched in the area in the past eight years.

    When completed by end 2021, it will comprise 450 units set within a botanic garden. A range of two- to four-bedroom apartments from 764 sq ft to 1,798 sq ft are available. Prices start from $1.8 million.

    One of the visitors, X. J. Yan, a Singaporean in her early 50s said: “The layout is elegantly designed and is functional as well as practical.”

    Mohamed Ismail, CEO of marketing agent PropNex Realty, said the response was very strong.

    “In fact, we have been getting numerous enquiries on the ground about Martin Modern over the past few months,” he noted.

    The 99-year leasehold project is expected to be officially launched on 22 July.

    “Many people recognise that the high-end market presents very good value now and are waiting for the right opportunity to enter the market,” said Cheng Hsing Yao, Group Managing Director at GuocoLand Singapore.

    “Martin Modern is coming into the market at a very opportune time. On top of that, it will benefit from the continuing growth and transformation of the Robertson Quay area when the new MRT line and future developments there come up.”

  3. #13
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    Quote Originally Posted by teddybear View Post
    Looks like lots of flippers around waiting to flip for a profit (without wanting to come out with too much cash upfront at the time of purchase)...........

    For all the reasons quoted to buy Martin Modern, there are many more which are Freehold and of cheaper price (and most likely of better built quality) than Martin Modern nearby......................
    The good days for flipping is gone for good. Cost of flipping, SSD, ABSD, LTV is too high and must have lots of cash.

  4. #14
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    Quote Originally Posted by Laguna View Post
    The good days for flipping is gone for good. Cost of flipping, SSD, ABSD, LTV is too high and must have lots of cash.
    His flipping is after 3 years.

  5. #15

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    heard additional 5% discount thrown in. not that many people buy their "why this 99 year leasehold should sell for more than the freeholds surrounding it" story.

  6. #16

    Default Martin Modern condo draws over 2,000 people

    Martin Modern, GuocoLand’s latest residential development, attracted more than 2,000 visitors to its showflat preview over the weekend (8 – 9 July).

    Located at Martin Place in Robertson Quay, it is the first large-scale condominium to be launched in the area in the past eight years.

    When completed by end 2021, it will comprise 450 units set within a botanic garden. A range of two- to four-bedroom apartments from 764 sq ft to 1,798 sq ft are available. Prices start from $1.8 million.

    One of the visitors, X. J. Yan, a Singaporean in her early 50s said: “The layout is elegantly designed and is functional as well as practical.”

    Mohamed Ismail, CEO of marketing agent PropNex Realty, said the response was very strong.

    “In fact, we have been getting numerous enquiries on the ground about Martin Modern over the past few months,” he noted.

    The 99-year leasehold project is expected to be officially launched on 22 July.

    “Many people recognise that the high-end market presents very good value now and are waiting for the right opportunity to enter the market,” said Cheng Hsing Yao, Group Managing Director at GuocoLand Singapore.

    “Martin Modern is coming into the market at a very opportune time. On top of that, it will benefit from the continuing growth and transformation of the Robertson Quay area when the new MRT line and future developments there come up.”

  7. #17

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    I'd be amazed if Guocoland can manage to sell 30% of the units by end July.

    High relative psf, blocked views, 99-year leasehold, and the relatively high maintenance fees for the 'concierge' service. Eats into a huge part of the rental. Not exactly near to mrt either.

    To move units at this psf range, it should be selling 500-600sqft units instead.

    The upkeep of the estate, with its extensive greens, will be a hefty burden to the 450 proprietary owners over time.

    At this price point and quantum, there are no lack of choices.

  8. #18

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    Received SMS on the project

    This is Final weekend to preview Martin Modern showflat and submit interest to enjoy up to 6% Early Bird Discount.

    2 Br from $1.71M
    2+Study from $1.84M
    3 Br from $2.02M
    4 Br from $3.67M

    The indicative price is now lower than the earlier $1.8m.

  9. #19

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    yup, that's the 5% discount.

  10. #20

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    If they continue to drop a further 5% on launch day, I think they can move the 2+S/3 (non premium) bedroom units at lower quantum. It's all a quantum game these days.

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