A NEW LUXURY RESIDENCE UNVEILING AT 8 MARTIN PLACE - Martin Modern Pte Ltd

Page created by Claude Ortiz
 
CONTINUE READING
A NEW LUXURY RESIDENCE UNVEILING AT 8 MARTIN PLACE - Martin Modern Pte Ltd
Martin Modern Pte Ltd

                          A NEW LUXURY RESIDENCE
                        UNVEILING AT 8 MARTIN PLACE
A NEW LUXURY RESIDENCE UNVEILING AT 8 MARTIN PLACE - Martin Modern Pte Ltd
2017 CONDO LAUNCHES
                                1550 Units Sold In 4 Months!!!

                                                      Abt 210
                                                      SOLD!                            Abt 510
                                                                                       SOLD!
   Abt 290                                           Park Place
                                                     Residences             Grandeur Park
    SOLD!                                          District 14, 99 yrs       Residences
               Clement                             Est. $1,8xxpsf            District 16, 99 yrs

               Canopy                                                        Est. $1,4xxpsf
           District 5, 99 yrs
           Est. $1,4xxpsf

                                                                                    Abt 410
Abt 130                                                                             SOLD!
SOLD!                                                                     Seaside
              ARTRA                               Martin                 Residences
          District 3, 99 yrs                      Modern             District 15, 99 yrs
          Est. $1,6xxpsf                       District 9, 99 yrs    Est. $1,7xxpsf
                                                     ? psf

                         Martin Modern is the only D9 launch this year!
A NEW LUXURY RESIDENCE UNVEILING AT 8 MARTIN PLACE - Martin Modern Pte Ltd
Bullish Land Bidding By Developers!
   13
bidders!
                                                          PSF PPR
$1,239            14             11
                bidders!                      24
                              bidders!
    D9                                      bidders!
                 $998         $1,001
                                            $939
                   D3            D8                          9
                                             D21          bidders!
                                                           $565
                                                            D18

Martin Place   Margaret Drive Perumal Road Toh Tuck Road Tampines Ave
                                                         10 (Parcel C)

 1-Jul-16       12-Dec-16     18-Jan-17     18-Apr-17     25-Apr-17
A NEW LUXURY RESIDENCE UNVEILING AT 8 MARTIN PLACE - Martin Modern Pte Ltd
$939 psf ppr

Breakeven at least
   $1400 psf!
A NEW LUXURY RESIDENCE UNVEILING AT 8 MARTIN PLACE - Martin Modern Pte Ltd
$939 psf ppr
Analysts had expected heated competition for the site, but
the number of bids and the price far exceeded
expectations.

Analysts were expecting between eight and 16 bids.

The top bid translates to a price of $939 per square foot
per plot ratio, far exceeding the $600 to $700 psf ppr
range of estimates.

The last residential site to be launched in the area was in
Jalan Jurong Kechil in 2012, on which The Hilford - a 60-
year leasehold development - is being built.
A NEW LUXURY RESIDENCE UNVEILING AT 8 MARTIN PLACE - Martin Modern Pte Ltd
$565 psf ppr
The tender for a 2.17ha residential site at Tampines Avenue 10 (Parcel C) closed yesterday after attracting nine bids from property developers, said the
Urban Redevelopment Authority (URA).
Bellevue Properties, a unit of City Developments Limited (CDL), submitted the top bid of $370.1 million for the 99-year leasehold site. This translates to
about $565 psf per plot ratio (psf/pr).
Chinese developers Kingsford Development and Qingjian Realty were the next two highest bidders at $350 million and $345 million, respectively.
A spokesperson for CDL said that its bid for the site topped the tightly contested tender by a 5.7 percent margin over the second highest bid.
Launched for sale on 14 March under the confirmed list of the first half 2017 Government Land Sales Programme, the site could yield about 715 homes.
It is sandwiched between two condominium projects, The Santorini and The Alps Residences. The nearest MRT station is the upcoming Tampines West
station along the Downtown Line.

Nearby amenities include Courts Megastore, Giant Hypermarket and IKEA Tampines. There are also various schools within the vicinity, including
United World College of South East Asia (East Campus) and Temasek Polytechnic.
“Although nine bidders is a good turnout, it is less than expected and this could possibly be due to bidders being drawn to the Stirling Road site as
well as the Lorong 1 Realty Park parcel, which are more attractive sites,” said Ong Teck Hui, National Director, Research & Consultancy at JLL.
Despite this, he noted that the top bid is 17 percent higher than the $483 psf/pr paid for The Alps Residences site in April 2015, and is almost
similar to The Santorini’s land price of $562 psf/pr, awarded in July 2013 before the effects of the Total Debt Servicing Ratio were felt.
“This shows that the outlook of the top bidder is for prices to at least remain stable or turn upwards when the project is launched. The average selling
price of nearby projects such as The Santorini and The Alps Residences is $1,070 to $1,090 psf,” revealed Ong.
Said CDL’s spokesperson: “In the event that we are awarded the site, CDL will explore a condominium development of about 15 storeys with about
800 units. All units are expected to enjoy a North-South orientation and the development will also include a childcare centre on site.”
A decision on the award of the tender will be made after the bids have been evaluated, said the URA.
A NEW LUXURY RESIDENCE UNVEILING AT 8 MARTIN PLACE - Martin Modern Pte Ltd
Project Name           Address               Tenure          Units   Highest   Land Size:   TOP
                                                                        Floor
OUE TWIN PEAKS           District 9             99-year         462      36      130,981      2015
                    33 Leonie Hill Road,    Leasehold from                        sq ft
                         S239197               May 2010
   UNIT TYPE         SIZE sq ft       LOWEST Price/PSF       AVERAGE Price/PSF HIGHEST Price/PSF
      2 BR              1055               $2,758,300           $2,982,903          $3,217,500
                                             $2,615               $2,828              $3,050
      3 BR              1399               $3,266,000           $3,687,967          $4,029,200
                                             $2,335               $2,636              $2,880
                        1604               $3,833,560           $4,398,784          $4,865,000
                                             $2,390               $2,743              $3,033

                                                                93% sold!
Source: PropQuest
                                                         Since its sales relaunch last
                                                         April 2016, OUE Twin Peaks
                                                        sold around 428 units to date!
A NEW LUXURY RESIDENCE UNVEILING AT 8 MARTIN PLACE - Martin Modern Pte Ltd
Project Name          Address              Tenure           Units    Highest    Land Size:      TOP
                                                                       Floor
 Cairnhill Nine        District 9      99-year Leasehold     268            30   114,355        Just
                    9 Cairnhill Road   from 12 May 2014                           sq ft       obtained
                        S229723
  UNIT TYPE            SIZE sq ft      LOWEST Price/PSF    AVERAGE Price/PSF      HIGHEST Price/PSF
     2 BR             1033-1066           $2,464,000           $2,712,187             $3,044,000
                                            $2,384                 $2,607               $2,915
     4 BR                1528             $3,684,000           $3,842,150             $4,008,000
                                            $2,410                 $2,514               $2,622

                                                            91% sold!
Source: PropQuest                                       Since its sales launch last
                                                      March 2016, Cairnhill NIne
                                                     sold around 246 units to date!
A NEW LUXURY RESIDENCE UNVEILING AT 8 MARTIN PLACE - Martin Modern Pte Ltd
Project Name          Address             Tenure          Units   Highest   Land Size:   TOP
                                                                    Floor
  GRAMERCY             District 10        Freehold         174       24      169,189      2016
    PARK -          57 Grange Road,                                           sq ft
  Apartment             S249569

  UNIT TYPE            SIZE sq ft     LOWEST Price/PSF   AVERAGE Price/PSF    HIGHEST Price/PSF
   2+Study            1184-1292         $2,980,000          $3,407,451           $3,770,400
                                          $2,517              $2,726               $2,919
     3 BR             1884-2207         $4,708,000          $4,734,525           $5,964,800
                                          $2,499              $2,584               $2,785
     4 BR             2562-3132         $6,401,600          $7,050,711           $7,600,000
                                          $2,468              $2,585               $2,836

                                                       Phase 1 sold 70 out of 87
Source: PropQuest
                                                      units at average $2600 psf
                                                     Phase 2 (March 2017) sold 11
                                                      units at average $2800 psf
A NEW LUXURY RESIDENCE UNVEILING AT 8 MARTIN PLACE - Martin Modern Pte Ltd
Project Name            Address                Tenure         Units    Highest    Land Size:      TOP
                                                                         Floor
 THE PEAK @             District 9             Freehold         60            18   16,242.88       2015
 CAIRNHILL II       61 Cairnhill Circle,                                             sq ft
                        S229789
  UNIT TYPE             SIZE sq ft         LOWEST Price/PSF   AVERAGE Price/PSF     HIGHEST Price/PSF
     2 BR                  829                $2,160,000         $2,338,667             $2,409,000
                                                $2,606               $2,822               $2,910
                           904                $2,359,000         $2,383,222             $2,511,000
                                                $2,494               $2,636               $2,777

                                                                98% sold!
Source: PropQuest

                                                           Left a 2+study PH at
                                                             $4,266,000 only!
LUXURY DEVELOPMENTS IN D9 SINCE 2010
           (Non Freehold)

         Overall Average: $2,600 psf
SURROUNDING DEVELOPMENTS
                                     RENTAL COMPARISON

TOP   2011   2016   2014   2011     2010   2009   2012   2007   2009   1995   2010   1999   1997
If based on developer guide price from $2,300 psf,

Unit Types     Estimated Floor Area (sq ft)   Estimated Quantum

2 Bedroom                  820                   $2,000,000

 2+Study                   880                   $2,200,000

3 Bedroom                 1050                   $2,500,000

 3+Study                  1300                   $3,100,000

4 Bedroom                 1800                   $4,200,000
Market Trends:
                                    Increase in demand for Luxury Condos

                                                                                                              Following an overall price
BEING the crème de la crème of the non-landed residential market, homes in the Core Central Region            easing in the last three
(CCR) are commonly referred to as high-end or luxury homes. According to the Urban Redevelopment
Authority (URA), the CCR comprises postal districts 9, 10, 11, Downtown Core and Sentosa.                     years, sales momentum
The URA CCR Non-Landed Residential Price Index rose 0.3 per cent quarter on quarter (q-o-q) in Q2             in the CCR finally picked
2016, marking a second consecutive quarter of increase after 11 quarters of price decline since Q2 2013
to Q4 2015. That said, flash estimates showed a 1.8 per cent price drop in the third quarter; the actual
                                                                                                              up in the first half of
statistics for the full quarter will only be released at end-October.                                         2016. The total
When viewed in a broader context, Singapore recorded the ninth highest growth in ultra-luxury home            transaction volume of
prices out of 37 cities, with values rising 7.9 per cent in Q2 2016 from a year ago, according to Knight
Frank's Prime Global Cities Index.                                                                            high-end homes
Following an overall price easing in the last three years, sales momentum in the CCR finally picked up in     increased by 31.3 per
the first half of 2016. The total transaction volume of high-end homes increased by 31.3 per cent q-o-q, or
22.3 per cent year on year (y-o-y), to 767 units in Q2 2016. Buyers are capitalising on the relatively low
                                                                                                              cent q-o-q, or 22.3 per
prices to snap up luxury homes at more affordable levels.                                                     cent year on year (y-o-y),
The softened prices have also provided an opportune time for investors to explore bulk-purchase of high-      to 767 units in Q2 2016.
end homes, as some developers look to avoid paying extension charges for the remaining unsold units in
some of their projects which are at the tail-end of the seven-year grace period under the Qualifying
Certificate rules. In May this year, 23 units of Starlight Suites were bought by private equity firm Evia
Capital for about S$48 million.
This consistent healthy absorption in the new sales CCR market has resulted in the unsold private homes
island-wide shrinking by 33.8 per cent to about 23,300 units in the last five years. Among the three market
segments, the CCR experienced the largest decline in unsold inventory over the five-year period, falling by
half to about 5,800 units in Q2 2016.

                                       http://www.businesstimes.com.sg/hub/property-2016/high-end-homes-see-price-uptick
                                                                                                                              Oct 6, 2016
Prices and yields holding up
Despite the slew of cooling measures, CCR home prices have remained fairly resilient. Average prices of private non-landed new home
sales in the Rest of Central Region (RCR) and Outside Central Region (OCR) fell by 5.2 per cent and 2.1 per cent y-o-y respectively in
Q2 2016.
Conversely, CCR homes saw average prices rising by 15.7 per cent y-o-y over the same period. The resale market saw similar trends;
while RCR and OCR home prices softened 0.4 per cent and 2.8 per cent y-o-y respectively in Q2 2016, average CCR home prices
increased by 10.5 per cent over the same period.
Capital appreciation is a key consideration for homebuyers, especially those with long-term investment horizons. Despite a weakening
leasing market, high-end homes continue to generate attractive rental yields for investors.
Knight Frank's analysis of a basket of private residential properties reveals that average yields of high-end homes rose 12 percentage
points (ppt) to 3.15 per cent in Q2 2016, outpacing the 5 ppt and 6 ppt increases in the mid-tier and mass-market segments,
respectively. This uptrend in investment returns is expected to spur greater interest in CCR properties.

Sweet deals
The table shows a list of the top 10 private residential projects in the CCR, ranked by total number of units transacted over the last one
year (Q2 2015 - Q2 2016). Analysing caveats lodged, the S$1-million to S$1.5-million price quantum proved to be the most common
"sweet spot" price range for more than half of these developments.
Leading the competition in terms of transaction activity is mixed-use development Cairnhill Nine. With its prime Orchard location and
direct connectivity to Paragon, the project had sold more than 75 per cent of its total units by end-Q2 2016.
Another key driver behind the strong sales is the realistic pricing strategy; based on caveats lodged as at the end of Q2 2016, more
than half the units transacted had price tags ranging between S$1 million and S$2 million.
Sustainable price recovery
Based on Q2 2016 URA data, about 46,800 private homes are slated for completion by end-2020. Despite the looming
supply glut, most of the units are in the OCR, while the CCR is projected to constitute only 16 per cent of this upcoming
completion.
On a shorter-term perspective, new project launches in the CCR are expected to be few and far between. The
Government Land Sales site at Martin Place awarded in July this year is likely to be the only new launch in the CCR
from now till end-2017. With its prime location and proximity to the upcoming Great World MRT station, the project is
expected to draw strong interest when launched.
As the site can only yield a maximum of 450 residential units, some homebuyers may have to delve into the resale
market or existing CCR project launches such as Cairnhill Nine (57 unsold units ) and Marina One Residences (670
unsold units) to fulfil their luxury home aspirations.
According to Knight Frank's Wealth Report Attitudes Survey 2016, Singapore has re-emerged in the top-three most
important global cities to ultra-high net worth individuals (UHNWIs). This accolade is reinforced by Mercer's 2016 Quality
of Living City Rankings, in which Singapore has been named Asia's best city for expatriates.
Despite facing higher stamp duties for their property purchases, foreign homebuyers continue to be drawn to Singapore.
Foreign purchasers of CCR homes rose from 33 per cent in Q1 2016 to 33.5 per cent in Q2 2016, marking a second
consecutive quarter of increase.
As more expatriates and UHNWIs look towards the city-centre as their ideal place of residence, competition for CCR
homes is expected to heighten further.
In light of the renewed interest in CCR homes, potential homebuyers keen on securing a "value-buy" in the high-end
segment may find this period a reasonable time to enter the market.
As buyers continue to scour the high-end market for value-for-money properties, this return of interest is expected to
further strengthen the green shoots of recovery for the luxury home segment.
Increased connectivity and new amenities in
the precinct would refresh price and rents by
        lifting them to a higher plane

                Martin Modern is only the third site in District
                 9 to be made available in the past 10 years

                  http://brandinsider.businesstimes.com.sg/martinmodern/
                  new-catalysts-to-boost-prices-in-district-9/
Market Trends:
Increase in demand for Luxury Condos

                                         Mr Ong Teck Hui, JLL Singapore's
                                         national director for research and
                                         consultancy, said that the segment
                                         has picked up this year. Compared
                                         with last year, there has been an 80
                                         per cent increase in transactions of
                                         non-landed homes with prices of
                                         $2,000 psf and above, he noted,
                                         citing caveats lodged.

http://www.straitstimes.com/business/property/sales-of-upmarket-condo-units-perk-up

                                                                         Dec 12, 2016
The strong bids for the Toh Tuck Road site on April 11 and high developers’ sales numbers unveiled by URA on April 17 are more signs that the Singapore residential market may be turning the corner,
says JLL.

According to JLL, signs of recovery began last year with the luxury residential sector when prices bottomed out in 3Q2016. Based on its basket of luxury properties, JLL says prices of luxury properties
fell 18.3% in 3Q2016 from their peak in 2013.

Tay Huey Ying, JLL’s head of research for Singapore, says: “Prices of luxury homes have since recovered by 1.1% over the past six months.”

The recovery in the luxury sector was largely due to the various types of deferred payment schemes that developers such as OUE and Wheelock Properties rolled out for OUE Twinpeaks and Ardmore III,
respectively, as well as the attractive pricing of CapitaLand’s Cairnhill Nine project, notes Tay.

The same cannot be said, however, about prices for mass market homes. According to JLL’s basket of properties, prices have fallen 11% since their peak in 2013. That could soon change, following the
strong monthly developers sales of 1,780 units achieved in March.

“Barring unforeseen circumstances, we could see prices bottoming by year-end or early next year if sales volumes continue to strengthen,” says Tay.

“We could be looking at monthly developer sales averaging 750 to 800 units a month, which means we could see full-year developers’ sales coming in 20% more than the 7,900 units achieved last
year.”

According to JLL’s research based on household income versus average private property prices in 2016, Singapore was ranked the most affordable among key gateway cities at only 4.8 times compared
                                                                                                    The strong bids for the Toh Tuck Road site on April 11
with Hong Kong, at 18 times, and global cities such as London, San Francisco, Tokyo and Sydney, at least 10 times. In 2010, the affordability level for Singapore, London, San Francisco and Tokyo were
on a par at 7.3 times; Sydney was at 10 times and Hong Kong at 11.4 times.
                                                                                                    and high developers’ sales numbers unveiled by URA
That means the average person working in Singapore will be able to buy a home after 4.8 years versus 18 years in Hong Kong and at least 10 years in London, San Francisco, Tokyo and Sydney. As
such, the affordability level in Singapore has improved compared with the other key gateway cities.on April 17 are more signs that the Singapore

                                                                                                    residential
Although sales volume is picking up, JLL believes developers are unlikely to raise prices anytime soon               market
                                                                                                       because of uncertainties     may
                                                                                                                                in the      be turning
                                                                                                                                       job market           the
                                                                                                                                                  and economic     corner,
                                                                                                                                                               outlook          says JLL.
                                                                                                                                                                       for Singapore.

According to Chris Fossick, JLL’s managing director for Singapore and Southeast Asia, developers have refrained from raising prices because there is an element of competition among them to sell
down their projects.
                                                                                                 According to JLL, signs of recovery began last year with
Another sign that the residential market may be bottoming is the recent aggressive bidding for government land sales programme sites on the confirmed list. For example, the Toh Tuck Road site
attracted 24 bids.                                                                               the luxury residential sector when prices bottomed out
                                                                                                 inbeing
“The motivation to buy land is becoming more urgent for developers as unsold inventories are slowly   3Q2016.           Based
                                                                                                            cleared,” says Tay.  on its basket of luxury properties,
                                                                                                 JLL   says      prices      of luxury     properties
Property consultants were not surprised by the aggressive bidding by developers looking to replenish their landbanks, owing to the lower number              fell 18.3%
                                                                                                                                                of GLS sites available         in
                                                                                                                                                                       on the confirmed list. This may
just be the impetus needed to revive the collective sale market.
                                                                                                 3Q2016 from their peak in 2013.
“We could see a repeat of 2005/06, where developers had no choice but to go for collective sale sites, owing to the lack of GLS sites available,” says Tay.

                                                                                                     Tay Huey Ying, JLL’s head of research for Singapore,
Three sites were sold last year: Shunfu Ville, Raintree Gardens and Harbour View Gardens. There could be more, with the recent launches of two former HUDC sites for sale: Rio Casa at Hougang Avenue
7; and Eunos Ville in Eunos.
                                                                                                     says: “Prices of luxury homes have since recovered by
JLL’s Tay warns, however, that not all sites put up for collective sale will succeed because developers are also mindful about not paying over-the-top prices for sites, given the uncertainties in the
market.                                                                                              1.1% over the past six months.”
“In current market condition, collective sale sites costing below $500 million, which could be redeveloped into [projects] of about 800 units, are more palatable to developers,” says Tay.

                                        https://www.theedgeproperty.com.sg/content/residential-market-likely-recover-early-2018-says-jll
Good time to buy Singapore luxury homes: JLL
Romesh Navaratnarajah • March 3, 2017                          The outlook for this segment is positive
                                                               as foreign purchases of high-end
                                                               homes or those costing above $2,000
                                                               psf doubled last year after dropping 80
                                                               percent since 2010 following the
                                                               Singapore government’s easing of its
                                                               stringent manpower policy in late 2015.
                                                               Notably, buyers from Malaysia,
                                                               Indonesia, China, Hong Kong and
                                                               Australia surged by around 300 percent
                                                               in 2016 on an annual basis.

                                                             Artist’s impression of Sophia Hills, a 493-unit luxury
                                                             condominium near Orchard Road.

                                        http://www.propertyguru.com.sg/property-management-
                                        news/2017/3/147684/good-time-to-buy-singapore-luxury-homes-jll
COMMERCIAL PROPERTY | Staff Reporter, Singapore
Published: 12 Apr 17

                                 http://sbr.com.sg/commercial-property/news/cdls-gramercy-park-records-healthy-take
A D9 sale site is rare!

                                         Martin Place… is just the third site
                                         in District 9 to be made available
                                         in the past 10 years, noted Mr
                                         Nicholas Mak, SLP International
                                         executive director.

                                         The location is attractive…a
                                         vibrant nightlife offered at nearby
                                         Robertson Quay…connected to the
                                         central business district via park
                                         connectors, appealing to those who
                                         may want to cycle to work. The plot
                                         is close to River Valley Primary
                                         School and the future Great World
                                         MRT station, Dr Lee added.

"While the absolute land price would be high, and pricey end-products more
difficult to market, the lack of new development opportunities as well as
an improved mood in the market will probably result in keen competition
for this site," said Mr Ong
Rennie Whang
A plum River Valley site is set to sell for what is believed to be a record price for a Government Land Sales (GLS) residential plot outside of Sentosa Cove.
The Martin Place site in District 9 drew 13 bidders, 10 of them local developers - a clear vote of confidence for the Singapore market.
GuocoLand, which is controlled by Malaysian Quek Leng Chan, submitted the top bid of $595.1 million or $1,239 per sq ft per plot ratio (psf ppr). This was just above
the next bid of $588 million or $1,224 psf ppr by companies also under the Kwek family - City Developments unit Verwood Holdings, Hong Leong Holdings unit
Intrepid Investments, TID Residential, and Hong Realty unit Garden Estates.
The offer price of $1,239 psf ppr would be a record for a pure GLS residential site and exceeds the $1,163 psf ppr cost for the Highline Residences site in April 2013
and the $1,157 psf ppr for the Sophia Hills plot in September that year. The Sophia Hills site was the last time a District 9 site was put up for sale.
In terms of absolute quantum, the $595.1 million bid is still lower than the $624.2 million a Siglap Road condo site went for in January. But the Siglap site is larger
and can support 800 to 900 units. The Martin Place site has a cap of 450 homes, which works out to average unit sizes of about 100 sq m or 1,076 sq ft.
"Many developers interested in this site were aware of the potential fierce competition... In order to have a fair chance... the bid had to be bullish," said SLP
International executive director Nicholas Mak.

GuocoLand is likely looking to set benchmark prices for 99-year leasehold homes in the area, said Savills Singapore
research head Alan Cheong. These could be about $2,300 psf, exceeding even prices of freehold homes in the area.
"The site is large and we will be creating a beautiful development," said GuocoLand Singapore managing director
Cheng Hsing Yao.
It is close to Orchard Road and the Singapore River, and just a short walk to the future Great World MRT station, he
added.
The upbeat sentiment displayed by developers at the tender could be due to the recent increase in sales, noted JLL
national research director Ong Teck Hui.
"For example, within the River Valley planning area where the site is, monthly transaction volumes of non-landed
units averaged only 15 units last year but rose to 86 units in May," he said.
The bidders were also probably encouraged by recent strong sales at Cairnhill Nine, said Mr Desmond Sim, CBRE
research head for Singapore and South-east Asia. They were expecting to launch when the market recovers, possibly
due to a tweak in cooling measures.
Response to the tender "is a good sign for the prime residential market... The strong representation from Singapore
developers shows that market confidence may be coming back", Mr Sim added.
Be transported into a tranquil and enchanted garden right in the heart of the city

                       Name of housing project: Martin Modern • Name of housing developer: Martin Modern Pte. Ltd. (Reg no. 199603059R) •
                       Licence number of housing project: C1215 • Tenure of land: Leasehold of 99 years commencing on 28 September 2016
                         • Encumbrances on land: Presently encumbered to Oversea-Chinese Banking Corporation Limited (as mortgagee and
                        security trustee) pursuant to an Assignment and Mortgage executed-in-escrow in favour of Oversea-Chinese Banking
                       Corporation Limited (as mortgagee and security trustee) • Location of the housing project: Lot 01590P of TS21 at Martin
                             Place • Expected date of vacant possession: 30 June 2022 • Expected date of legal completion: 30 June 2025
SITE
PHOTO
SITE
PERIMETER
PLAN
2 Towers

15 blocks

2 – 4 BR Units

800 to 1800sf

KEY PLAN
About Martin Modern
   Located at Martin Place, Martin Modern is a new luxury residential project by GuocoLand Limited,
    following closely the success of its earlier luxury projects Goodwood Residence and Leedon Residence.

   The master architect for the project is Yip Yuen Hong from ipli Architects, a four-time President’s Design
    Award winner who has designed good class bungalows for some of Singapore’s most affluent and
    sophisticated residents. The project architect is ADDP Architects, a multi-faceted architectural practice,
    while the landscape work will be undertaken by ICN Design International, an award-winning landscape
    architectural firm.

   Sitting on 15.936 sqm of land, the 450-unit project will comprise two- to four- bedroom apartments
    across two 30-storey towers, set in lush greenery. Over 80 per cent of the land area will be turned into an
    enchanting garden.

   It is a 15-minute walk from Somerset MRT station, 5-minute walk to the upcoming Great World MRT
    station and is close to a number of established schools and amenities.
Preliminary Information
Location: Martin Place
Developer: Martin Modern Pte Ltd (subsidiary of GuocoLand Limited)
Land area: 15,936.1sqm (171,535 sq ft)
Max GFA: 44,622 sq m (480,307 sq ft)
Tenure: Leasehold 99 yrs
Expected date of vacant possession: 30 June 2022
Land Use / Plot Ratio: Residential / PR 2.8
Estimated no. of units: 450

      Unit Types           Estimated Floor Area (sq ft) Estimated No Of Units
     2 Bedroom                           820                         150
      2+Study                             880                        90
     3 Bedroom                           1050                        90
      3+Study                            1300                        60
     4 Bedroom                           1800                        60
 A Prestigious address, in District 9 
      • Short walk to GREAT WORLD MRT (Thomson-East Coast Line) & FORT CANNING MRT (Downtown Line)

 • Within the vicinity of including River Valley Primary School, Singapore Management University, School of The Arts
                                         Singapore, and other international schools.

          • Short walk to Robertson Quay, River Valley, Boat Quay where fine dining, entertainment prevails

                                    • Short drive to CBD, Orchard Road, Marina Bay

                                      A Home within a Botanic Garden 
                • A rare & luxury resort-home concept within the posh Robertson Quay neighbourhood.

 • Two towers (South Tower| North Tower – up to 30 Storeys) of high-end luxury residential development with communal
                                                 facilities & concierge service

 • Luxurious landscape concept – 80% of land used for lush greenery/ landscaping/ facilities & 2 rooftop Secret Gardens

                 • 450 units, all of which come with a view of the gardens, the city or the Singapore River

• An unforgettable gardenscape is spread over 3 levels on the site with a 10-metre upward slope from one end to the other.
   Yip Yuen Hong from ipli Architects is the appointed master
    architect for Martin Modern while ADDP Architects will take on
    the role of the project architect. The landscape work will be
    undertaken by ICN Design International.

   Mr Yip is a four-time President’s Design Award winner. An
    extremely exclusive architect, he has designed one-of-a-kind,
    highly-crafted Good Class Bungalows for some of Singapore’s
    most affluent and sophisticated residents. He has established a
    signature style that is unique in Singapore.

   ADDP Architects is a multi-faceted architectural practice with
    the expertise to do a wide spectrum of projects. ICN is an
    award-winning landscape architecture firm.
Location                    Martin Place
Address                     TBC. Vehicular ingress from Martin Place.
Company name                First Bedok Land Pte Ltd

Company registration no.    199603059R

Land area                   15,936.1sqm (171,535 sq ft)

Max GFA                     44,622 sqm (480,307 sq ft)

Tenure                      99 yrs

Land Use / PR               Residential / PR 2.8

Maximum building height     Mid-rise 20-sty & High-rise 30 sty

Allowable use               Residential

Project completion period   60 months from date of acceptance of tender

Estimated no. of units      Max 450 units

                                                                    PROJECT DETAILS
Vantage Views at Site

     Singapore River View
Vantage Views at Site

      City View
Martin Modern Landscape Concept –
   Secret Gardens at the Roof Tops
Martin Modern Landscape Concept –
     more than 200 species of plants and
more than 50 species of trees and palms,
   including native ones like the jelutong,
                     meranti and chengal
Your rare abode in the heart of the city
                   Martin Modern
Surrounded by
Kim Seng Road,
 Orchard Road,
   Scotts Road,
    River Valley
    and Killiney
Be surrounded by
         PRESTIGIOUS
          PRECINCTS

      Orchard Road,
 Asia’s most famous
  shopping street, is
    home to fashion
          favourites,
specialist stores and
       loads of other
   lifestyle choices.
DISTRICT
                   9/10/11
  CIVIL          Be surrounded by
                    PRESTIGIOUS
DISTRICT
                     PRECINCTS

            The Civic District is
            home to important
           buildings such as the
             Parliament House,
           the former Supreme
             Court, and the City
                   Hall building.
DISTRICT
                    9/10/11
                 Be surrounded by
                    PRESTIGIOUS
                     PRECINCTS

             Part of Singapore’s
CENTRAL    Downtown Core, the
BUSINESS      Central Business
DISTRICT               District is
           Singapore’s business
              and financial hub.
The NEW
                                                   District 9
                                            Be in an area of GROWTH

                   MARTIN
                   MODERN          FORT
                                  CANNING
     KIM SENG
     PRECINCT
                                               KIM SENG &
                                                OUTRAM
SINGAPORE RIVER GROWTH CORRIDOR                 PRECINCT

                                            Upcoming exclusive
                                             residence enclave
                              CLARKE
                 OUTRAM        QUAY
                PRECINCT
The NEW
                                District 9
                                  Be in an area of
                                    GROWTH
                          THE CBD EXTENSION:
                        MARINA BAY FINANCIAL
                                  CENTRE
                           Marina Bay has been
                        planned as an extension of
                       Singapore’s downtown. With
                        a vibrant mix of uses and a
                        high quality live-work-play
 THE CBD EXTENSION:       environment, this locale
                            draws a diversity of
MARINA BAY FINANCIAL     individuals who enjoy the
       CENTRE                  urban lifestyle.
SOMERSET
                         MRT

                                                  BY
                                                 FOOT
GREAT                    MARTIN
WORLD                    MODERN
 MRT    RIVER VALLEY
          PRIMARY
                                                  2 mins to
                                   FORT     River Valley Primary
                                  CANNING          School
                                    MRT

                                                10 mins to
                                             Great World MRT

                                                 15 mins to
                                             Fort Canning MRT

                                                15 mins to
                                              Somerset MRT
BY TRAIN

                                   GREAT WORLD MRT
                                 Thomson East-Coast
GREAT   MARTIN
                                         Line
WORLD   MODERN
 MRT
                                 4 mins to Outram Park
                        FORT
                                 8 mins to Shenton Way
                       CANNING
                         MRT
                                 14 mins to Gardens by
                                        the Bay

                                   FORT CANNING MRT
                                   Downtown Line

                                  6 mins to Downtown

                                    12 mins to Bugis
DTL3: JOURNEY TO THE EAST
Estimated date of completion: 2017
Length: 21km
Stations: 16
Interchanges: MacPherson, Tampines, Expo

Fort Canning – Bencoolen – Jalan Besar – Bendemeer – Geylang Bahru – Mattar
 – MacPherson – Ubi – Kaki Bukit – Bedok North – Bedok Reservoir – Tampines
           West – Tampines – Tampines East – Upper Changi - Expo
2021: THOMSON-EAST COAST LINE
                                DIRECT ACCESS TO THE CBD AND MARINA BAY

Hop on to the TEL for work or leisure! Commuters going to Shenton Way, Orchard or Gardens by the Bay have the
option of breezing there by train.

Mount Pleasant - Stevens - Napier - Orchard Boulevard - Orchard - Great World - Havelock - Outram Park - Maxwell -
Shenton Way - Marina Bay - Marina South - Gardens by the Bay

Estimated date of
completion: 2021
Stations: 13
Interchanges:
Stevens
Orchard
Outram Park
Marina Bay
BY
      CAR

  3 mins to CTE

  7 mins to MCE

5 mins drive to CBD

     6 mins to
  Nicoll Highway
BY
  RIVER TAXI

7 mins to Clemenceau
15 mins to Clarke Quay
 25 mins to Boat Quay
 35 mins to Esplanade
BY
    CYCLE

4 mins to Alexandra
  Park Connector

  6 mins to CBD

    20 mins to
Gardens By The Bay
ROBERTSON QUAY
        A UNIQUE QUAINT NEIGHBOURHOOD
 This tranquil enclave is a hip precinct right beside
   Singapore River. Filled with an eclectic mix of
  international restaurants with alfresco dining,
    wine bars, arts houses, cafes and luxurious
residential, Robertson Quay has come into its own
  with a string of pleasant dining spots that have
           attracted their own following.

  The perfect place for an intimate dinner by the
 River or a hip and happening evening to chill out
                    with friends.
ART HOUSES
                                                 @ ROBERTSON QUAY

STPI is a global leader in contemporary art practice with   TheatreWorks is an independent, non-profit Singaporean
print and paper, creating unique and quality artworks in    theatre company that develops and nurtures professional
   collaboration with leading artists from around the       arts skills. It supports Singapore artists, and articulates the
                           world.                               Singapore arts through its various productions and
                                                                              developmental programmes.
SCHOOLS
                                            NEAR ROBERTSON QUAY
      8 min drive to SMU                                          4 min walk to River Valley Pri Sch

Some of the country’s most well-known schools can also be
found within the vicinity of Robertson Quay, including River
Valley Primary School, Singapore Management
University, School of The Arts Singapore, and other
international schools.

                                                                               8 min drive to SOTA
F&B / NIGHTLIFE
               @ ROBERTSON QUAY
                                   SUPERLOCO

P.S. CAFE
                                  COMMON MAN
                                  CAFE
NEW DEVELOPMENTS
                                                @ ROBERTSON QUAY

                                    THE WAREHOUSE HOTEL

Open as of January 2017, The Warehouse Hotel delivers
thoughtful hospitality with historically-detailed rooms,
classic local dishes and craft cocktails in the vibrant
neighbourhood of Robertson Quay.
NEW DEVELOPMENTS
                                          @ ROBERTSON QUAY

         INTERCONTINENTAL ROBERTSON QUAY AND QUAYSIDE

The project comprises the luxurious 5-star InterContinental hotel, along with 100,000 square feet of lifestyle
retail fronting the Singapore River. Together, they promise to create an unparalleled experience and become
                         Singapore’s most vibrant F&B retail and lifestyle destination.
NEW DEVELOPMENTS
                                  @ ROBERTSON QUAY

                                  M SOCIAL

Nestled in the heart of vibrant Robertson Quay along the iconic Singapore River, M Social
      Singapore offers accommodation away from the hustle and bustle of the city.
It’s nice that it’s on the fringe of all the
excitement… Robertson Quay is one of the
most diverse neighbourhoods in Singapore,
with a good mix of locals to expats.
- Mr. Wee Teng Wen (The Warehouse Hotel)

Our guests have given us feedback that it
almost feels like a different place altogether
— a truly unique and amazing environment.
- M Social’s spokesperson

…easy access to several iconic attractions
and Singapore’s major landmarks — it is
close to the Orchard Road shopping area
and the heritage district of Chinatown…
- Mr. Mark Winterton (Robertson Quay
InterContinental’s general manager)
TARGETED BUYERS

       The New Rich
                                                     Families
       •   Has recent wealth                         •     Like the neighborhood due to excellent
           establishment                                   location and reputable schools.
       •   Aspirational and affluent
           class.

The Artist
•   Appreciate a different lifestyle.                    Savvy Investors
•   Enjoys arts/architecture.
                                                 •       Looking at renting as area is popular
•   Likes living in a hip/trendy locale
                                                         among expatriates
    with interesting range of
                                                 •       Know that it is right time to commit a
    facilities.
                                                         purchase as luxury segment has bottomed
                                                         out in price and this is the opportunity to
                                                         acquire a good quality product.
Estimated Targeted Timeline
 Preview starts on 8 July 2017

 Launch on 22 July 2017

Formation of Core Team Taggers

6 Appointed DDs In-charge

 Bryan Setho    Don Ng       Kelly Yu   Mark Kong   Raymond Ho   Zac Huang
 9062 1168                  8666 7222   9388 8897    9009 1122   9276 8000
               9748 8168
You can also read