Guocoland Emerges As Midtown Modern Condo Creator
Everybody has a good time In the video under, we are able to see the bustling surrounding see from the precise precise location of the Midtown Modern Condo.
The Metropolitan Redevelopment Authority’s (URA) tender for the Midtown Modern site underneath the Government Area Revenue (GLS) program has ended. There have been two bids on the tender. GuocoLand and Hong Leong Holdings subsidiaries Hong Truth and Intrepid Investment presented the best bid of S$800.19, equating to S$1,535 psf ppr. The second quote was co-created by MCL Area and City Developments.The maximum major floor section of the site is approximately 521,301 sq ft. The development is estimated to accommodate up to 580 private residential products and commercial spaces. The sum total GFA for retail spots on the first stage is 2,000 square meters, with a maximum GFA of 12,000 square meters for maintained apartments. The projected breakeven price for the Midtown Modern website is just about S$2,200 psf, with a offering cost of more than S$2,400 psf.
The highest bid for the Midtown Modern website is S$1,458 per sq base per year, which can be 5.3 per cent higher compared to the best quote for the nearby Middle Street Site. One possible description for the difference is the Midtown Modern’s convenient location. The Bugis MRT stop, which provides the East-West and Downtown Lines, is nearby.
FOR MIDTOWN MODERN RESIDENTS, THE BENEFITS OF LIVING IN SINGAPORE’S DISTRICT 7