Martin Modern was introduced to the luxury market in 2017. The vast land size could actually built three towers, Guocoland opted instead to develop just two and use the remaining ground space for greenery and larger, better facilities.
It was one of the rare luxurious developments launched whereas mostly are freehold tenure. Fortunately, Martin Modern puts its nature theme at the forefront, both in metaphor as a luxury development and as a literal development with wide swathes of greenery surrounding the two towers. Grand, opulent and lavish are key buzzwords one might associate with Martin Modern.
With the luxurious developments more coming to launch, the price likely to be above $3500PSF. Exceptionally one will be on everyone’s radar when it is launching in Sep 2019. The site located at cuscaden enclave with estimated breakeven price between $3100 – $3300PSF. It caught many people by surprise when developer submitted top bid which smashed all records for government land sales program GLS.
From the recent transactions shown (Source: SRX), Martin Modern price point is still below the threshold for luxury market. Comparing to recent launch of Haus @ Handy, it deem to be of better value in term of status and location. There are 3 comparable developments to Martin Modern namely 8 St thomas, 21 Angullia Park and New Futura. As we notice as the location edge closer to the core of orchard shopping belt, the PSF basis rises above $3500. What many people still not aware under Masterplan 2019, Martin Modern is walking distance to Great World city. With the transformation already took place, Singapore River will be more vibrant and exciting added with more lifestyle component.
Under Masterplan 2019, Martin Modern will be 7 mins walk away from Great World MRT station via river valley green. It will be flanked by Hotel planning and green belt earmarked as park run along Singapore river. As River Valley is well known for its lifestyle and nightlight vibrant, many hotels and restaurants eager to bring their brands to showcase at this area.
The price of Martin Modern varies quite a wide gap due to facing and floor levels. From lowest $2400PSF to $3200 PSF, with average units sold at $2800PSF.
They have sold more than 90% as of now, the price of admission is worth it for people who can purchase it since there’s much value to be had in the long-term. If investing is not your cup of tea, then Martin Modern’s lavishly designed homes will be a status symbol to show off every chance you get.
This review is solely done by Littlereddotproperty.sg. All information, calculations, charts and plans are current at the time of publication and are subject to change. All facts & figures are believed to be accurate as much as possible using various real estate subscribed tools but shall not be regarded as statements or representations of fact.