Hidden between District 07 and Tan Quee Lan Street, is a luxurious development -Midtown Modern, developed by Guocoland.
This real estate in District 07 has an enviable position in Singapore’s central region. Midtown Modern is situated in a wonderful part of town with a lot of history and a lot of good sites to check out. Its proximity to the central business district (CBD) makes it an attractive investment location. When you live here, everything you could need is within easy reach. With the region’s improved transportation infrastructure, locals can easily travel to and from various locations, making the most of the convenient access to services and conveniences.
Whether you’re relocating to Singapore or just want to invest in a desirable area, this district is a fantastic option to consider. Midtown Modern has everything a family needs in a development for a price tag that is not too painful on your budget. A multitude of shopping attractions, restaurants, and intriguing places can be found within a short walking distance of Midtown Modern. Having so many convenient amenities close at hand makes this area an ideal spot to establish a business or to enjoy a high-class lifestyle while commuting to and from work.
We have compiled a list of the most fascinating aspects of life in this part of Singapore so, let’s take a closer look at the factors that have made Midtown Modern such a unique gem! Don’t forget my honest review of this project too!
Renowned and Reputable Developer
Midtown Modern is part of the latest integrated project situated in the prime location of Singapore – Guoco Midtown.
Guoco Midtown with a huge size of 3.2 hectares, is set to be the new lifestyle center complete with services and facilities, located in the hip and happening Bugis neighborhood, which is a contrast between heritage structures and sleek, modern buildings. Residents of Midtown Modern will have an advantage over those in competing high-end communities because of the building’s central core.
Midtown Modern condo is jointly developed by Guocoland and two subsidiaries of the Hong Leong Group, Hong Leong Holdings Limited and Hong Realty.
Award-winning GuocoLand is a very renowned and reputable developer in Singapore. It has very strong presence locally as well as overseas and hold a huge property portfolio. Buyers of this development will not be disappointed by what they have bought when the project completes in 2024.
Architect
Designed by award-winning architect Yip Yuen Hong, he envisioned Midtown Modern as a botanical retreat in the middle of the city, complete with multifunctional areas, ample natural light, and high-quality materials. Midtown Modern is a stunning fusion of natural wildness and contemporary resort, showcasing a wide range of natural expressions from lush woodland to minimalist rockscape.
Despite being located in an area dominated by glass and concrete towers, a Midtown Modern building’s brick tones evoke images of a cozy garden retreat. Inside, a woodland garden leads to a resort-like urban refuge built of rustic stone and brick.
Project Details
| Project Name | Midtown Modern |
| Developer | Guocoland, Hong Leong Holdings and Hong Realty |
| Total Units | 558 |
| Site Area | 11,539sqm |
| Expected TOP | Q2 2024 |
| Address | 16 Tan Quee Lan St |
| District | 07 |
| Tenure | 99 Leasehold |
Detailed Location Map
To what extent do you know about the location of this integrated development?
Midtown Modern Condo is located in the highly desirable Bugis area of District 07 in Singapore where it is undergoing some major transformation to serve as a business extension to our Central Business District (CBD). The location of Bugis is very unique where it lies alongside with new business-focused areas like Marina Centre yet at the same time it is so close to heritage-rich neighborhoods like Kampong Glam and Civic District.
In short, Bugis is “right at the intersection of modernity, culture and heritage.” where it will be an area of business focused with a strong infusion of our local heritage and culture.
As Midtown Modern is sitting right on top of Bugis MRT and with the opening of Downtown line at Bugis. It has definitely enhanced on the connectivity of the location and makes travelling to other parts of Singapore so much easier.
Image source: LTA
This prime position is conveniently situated within walking distance of both the city center and the Central Business District.
Residents in Midtown Modern Singapore are within walking distance of several shopping complexes, including Bugis Junction, the planned Guoco Midtown, and Duo Galleries. Near the Midtown Modern location, you will also discover a wide variety of transit choices like Bugis MRT.
What Can You Expect from the Location
Excellent Accessibility
The neighborhood of District 07 now has improved transportation options, making it easier for locals to go about and to other parts of Singapore. Tan Quee Lan St is conveniently located near Midtown Modern, making it easy to get to the neighborhood. Since there are so many bus stops and MRT stations in the vicinity, getting around is a snap.
The major expressways in Singapore, such as the Central Expressway (CTE), East Coast Parkway (ECP), and Ayer Rajah Expressway (AYE), make it easy for drivers to go about the city. If you live in Midtown Modern and wish to take a trip to Malaysia, the Queen Street Bus Terminal is only a ten-minute stroll away.
The Midtown Modern is a one-minute stroll from the Bugis MRT station. As the North-South Corridor (NSC) nears completion, local transportation is expected to improve even more. There will be dedicated bike lanes and uninterrupted bus lanes, making this the first integrated transit corridor of its kind in Singapore. The NSC will connect the central business district to neighborhoods in the north. The commute to and from the Downtown Core Area will be simplified.
The future NSC will connect cyclists to the new Central Area cycling network, which will bring the existing Marina Bay cycling network to other areas such as Bras Basah and the Civic District.
Convenience to Local Schools and Universities
When compared to other parts of Singapore, District 07 lacks a sufficient number of good schools that is within walking distance. Nonetheless, there are plenty of reputable institutions of higher learning that are easily accessible by public transport.
Within easy traveling distance from Midtown Modern on the East West MRT Line (green line) are some prestigious universities like National University of Singapore (NUS) and Nanyang Technological University of Singapore (NTU). Nanyang Academy of Fine Arts is within 1km. Tertiary education like Singapore Polytechnic and Ngee Ann Polytechnic are easily accessible by East West MRT Line (green line).
Those with school-aged children will value this location for its convenience to good educational opportunities. More than that, though, you can find a school that’s appropriate for your child’s academic needs.
Conveniently Located to Many Renowned Retail Stores
The shopping in District 07 is among the best in all of Singapore. A wide selection of stores selling all sorts of items may be found in the area. Residents of Midtown Modern Bugis will enjoy the area’s proximity to a wide variety of shopping options. One of the most popular shopping in Singapore may be found on Bugis Street, home to the city’s largest market. The adjacent contemporary malls are great for some shopping therapy, but they also provide great places to chill out and enjoy some entertainment.
Some of the popular shopping spots near Midtown Modern are:
- Bugis Junction
- Bugis+
- Suntec
- Marina Square
And many more.
Easy Walk to Restaurants
Several excellent restaurants serving some of Singapore’s most renowned cuisine can be found in this area. Just across the block from Midtown Modern, you’ll discover an array of restaurants serving everything from regional specialties to exotic flavors from around the world. Local eateries provide delicious takes on Japanese classics, Indian fare, and a variety of other international cuisines. The trendy Midtown Modern neighborhood is about 9 minutes away from the renowned Hjh Maimunah. This restaurant is well-known for its traditional kampung-style cooking and trademark dishes. If you’re in the mood for Chinese food, go over to Bugis Cube, which is conveniently located close by.
The area is also home to several hawker centers, where you can get authentic food at a low price. Malls aren’t the only places where you can get a wide variety of food options; hawker centers do too. North Bridge Road Market, Golden Mile Food Centre, and Albert Street Food Centre are all within walking distance.
Additionally, there are several culinary options available at the Golden Mile Food Centre. Try Golden Banana’s goreng pisang (fried bananas), Mr. Baguette’s cheese lava or red velvet baguettes.
Medical Facilities
Midtown Modern is conveniently located in the heart of Singapore. It is adjacent to some of the most popular healthcare institutions and medical centers in Singapore. So, in the future, people living in Midtown Modern won’t need to worry about where to get medical treatment. The Raffles Hospital can be reached on foot in fewer than six minutes from Midtown Modern.
Raffles Hospital is a hospital that was designed so that it would cater to the requirements of its patients. It offers specialized care along with some of the most cutting-edge medical technology.
The Mount Elizabeth Hospital, Singapore Cardiac Society, Farrer Park Hospital and Children’s Hospital, and several other hospitals and medical facilities are located in the neighborhood. In addition, there are several clinics in the area that offer the services of medicine.
Family-Friendly Hot Spots
The abundance of kid-friendly establishments in District 7 makes it a wonderful area to bring up a family. The prospective inhabitants of Midtown Modern will never be at a loss for things to do in this area, whether they are looking for hip places to hang out or delicious restaurants.
Some of the popular spots which you can visit near Midtown Modern are:
- The National Museum of Singapore
- Singapore Art Museum
- Mint Museum of Toys
Siteplan :
Unit Mix
Unit Type | Unit Size | No of Units |
1 bedroom | 409sqft – 474sqft | 168 |
2 bedroom | 592sqft – 721sqft | 139 |
3 bedroom | 904sqft – 1,066sqft | 139 |
4 bedroom | 1,432sqft – 1,464sqft | 55 |
4 bedroom Premium | 1,733sqft – 1,808sqft | 55 |
Penthouse | 3,272sqft -3,520sqft | 2 |
Floor Plan
1 Bedroom (409sqft – 474sqft)
2 Bedroom (592sqft – 721sqft)
3 Bedroom (904sqft – 1,066sqft)
4 Bedroom (1,432sqft – 1,464sqft)
4 Bedroom (1,432sqft – 1,464sqft)
Is This Development a Good Buy?
Midtown Modern is a hidden gem in the heart of District 07. This condominium project offers its residents a luxurious lifestyle with modern amenities and proximity to schools, hospitals, and commercial establishments.
Midtown Modern is a 30-storey building with a total of 558 units, which are categorized into 1, 2, 3, 4 bedroom and penthouse with an expected TOP end Q2 2024. The first floor is designated as the podium level and houses common facilities like a swimming pool, gymnasium, function room, and parking space. The other floors are occupied by residential units while the upper floor serves as penthouse units.
The condominium boasts an impressive design concept that reflects simplicity yet elegance through its clean lines and minimalist features resulting in a comfortable living space for its residents. Furthermore, Midtown Modern also offers wide-open spaces with high ceilings making it perfect for families who want to enjoy comfortable living in their homes without sacrificing style and quality.
A Bold Vision
Midtown Modern is not just an integrated development. Rather, it is part of a huge development that set forth to revitalize Bugis area. To be in line with Government’s vision of incorporating “Work, Live and Play” in Downtown Core, Guoco Midtown will be the first development in Bugis to materialize the vision. Working in Grade A offices located in Guoco Midtown, quality of life in Midtown Modern, unwinding with friends and family at the array of alfresco dining options and shopping experiences.
With excellent connectivity by MRT, it makes travelling to schools, medical facilities, meeting up with friends for shopping and dining experience and even museum indulgence to be so much easier and convenient.
Pricing
Honestly, the entry price for Midtown Modern Condo is fairly reasonable, taking into consideration of the tons of advantages that this development provides.
At the point of writing this article, the balance units left are:
- 1-Bedroom
- 3-Bedroom
- 4-Bedroom
- 4-Bedroom premium
- Penthouses
How does Midtown Modern compare to other similar developments in Downtown Core like South Beach Residences and Marina One Residences?
As you can see from the recent transactions of both South Beach Residences and Marina One Residences, the transacted price for Marina One Residences is more comparable to Midtown Modern. While the prices for South Beach Residences are much higher than Midtown Modern.
The development for Marina One Residences is quite similar to Midtown Modern with Grade A office, dining options at its basement and Level 1 and very close proximity to Circle Line and Downtown MRT. The main difference of Midtown Modern to Marina One Residences is its location. Currently, Bugis is much more developed and matured as compared to Marina South area but Bugis is undergoing a major rejuvenation.
As for South Beach Residences, it consists of a 5-star hotel, JW Marriott, Grade A offices and 190 luxurious residential homes. Prices have shot up beyond $4000psf mark on average. One of the main reasons for the much higher transacted psf is due to its location. Its location is more prime and central as compared to Midtown and Marina One Residences and the target audience for this development are those who prefer much bigger space in city living.
| South Beach Residences | |||
| Unit Type | Size | PSF | Price |
| 2 Bedroom | 1,593sqft | $4,193 | $6.68M |
| 3 Bedroom | 2,099sqft | $4,097 | $8.6M |
| 4 Bedroom | 4,446sqft | $3,599 | $16M |
| Marina One Residences | |||
| Unit Type | Size | PSF | Price |
| 1 Bedroom | 667sqft | $2,640 | $1.76M |
| 2 Bedroom | 1,163sqft | $2,655 | $3M |
| 3 Bedroom | 1,561sqft | $2,819 | $4.4M |
| Midtown Modern | |||
| Unit Type | Unit Size | Avg PSF | Avg Price |
| 1 bedroom | 409sqft – 474sqft | $3,800 | $1.58M |
| 3 bedroom | 592sqft – 721sqft | $2,983 | $2.69M |
| 4 bedroom | 904sqft – 1,066sqft | $2,879 | $4.21M |
| 4 bedroom Premium | 1,432sqft – 1,464sqft | $2,884 | $5.21M |
If you take a deeper look at the pricing for Midtown Modern, Guocoland has not really factor in the potential future value of Bugis into its pricing yet. You may think that current average psf of $2,900 is considered high. However, if you have done your research, new launches which are located outside of central region of Singapore like for instance AMO Residences located at Ang Mo Kio is sold with an average psf of $2,100.
Lentor Modern, another project of Guocoland, located at Upper Thomson, is sold for an average psf of $2,150 when it is launched in September 2022.
Come to think of it, if locations such as Ang Mo Kio and Upper Thomson can sell at about $2,100psf, do you think Midtown Modern is still attractively priced?
Singapore is becoming the country where Ultra High Net Worth Individuals (UHNWIs) choose to call home. According to The Business Times, the number of HNWIs has increased by 8.6% to 4,206 in 2021 as compared to 3,874 in 2020.
Thing is changing in Singapore. More MRT lines are built to improve on overall connectivity. More car-lite regions especially in the CBD and downtown core are seen where there are plans to transform Singapore into a green and sustainable city. Rejuvenation to regions with older buildings are underway. All things for a single purpose: Quality of life.
Coming back to this question:
“Is Midtown Modern a good buy?
If you enjoy city living surrounded with lush greenery and with higher budget set aside, this can be a very good piece of investment to be added into your portfolio. Location itself is already an excellent boost to future potential capital appreciation. With plan to revamp and rejuvenate District 07, all these will definitely impact positively on the project.
To conclude, holding property in Singapore no longer like before where you can sell and make a nice profit within 3-5 years. You must be able to hold for at least 10 years before you can see a decent profit from your property.
You ought to be forward-looking especially buying property in Singapore. Past transactions no longer can give you a good indication of how much the property should worth. The vision of Singapore will impact considerably on its property market. Regardless how volatile is the property market, it is going up generally.
Lastly, Midtown Modern is definitely a property that you should consider seriously.
