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PR Newswire
02-07-2019, 01:34 PM
Located at the corner of River Valley Close and Martin Place, the Martin Modern address has been bought out by housing developer or one of the “property guru”, GuocoLand. Martin Modern GuocoLand placed the top bid for the private housing site just this past year. Other new launches are Riviere, Urban Treasures , Midtown Bay, Jervois Treasures , Infini At East Coast, Sky Everton and One Pearl Bank.
The highly desirable site attracted no less than 13 bids at a state tender when offered by Urban Redevelopment Authority (URA). With a site area of 15, 936.1 m², the future Martin Modern residential address has been leased for a 99-year period. The Martin Modern condo site, as an upcoming residential housing complex, may contain up to 450 residential housing units, though the actual number of units provided by the property developer may vary. In addition, the maximum gross floor area of the site measures at approximately 44, 622m² with the potential of 20-storey height restriction on one part of the development site, and up to 30-storeys for the rest of the Martin Modern Singapore plot.
The released maximum building height in numerical terms is 153 meters Above Mean Sea Level (AMSL). Additionally, the Martin Modern floor plan depicts the availability of dual key condos. Noted for their versatility and often convenience, the Martin Modern dual key units may be defined as, per dual key unit, one space to be subdivided into two separate apartments. The acquisition of the Martin Modern Martin Place development site by GuocoLand was achieved through the prominent housing developer placing the auction’s highest bid at S$595.1 million. This bid exceeded those of other prominent names in Singapore housing development, including the second-highest bid of S$588 million placed by a four-way partnership between TID Residential, Garden Estates, Hong Leong Holdings’ Intrepid Investments, and City Developer’s unit Verwood Holdings.
The highly desirable site attracted no less than 13 bids at a state tender when offered by Urban Redevelopment Authority (URA). With a site area of 15, 936.1 m², the future Martin Modern residential address has been leased for a 99-year period. The Martin Modern condo site, as an upcoming residential housing complex, may contain up to 450 residential housing units, though the actual number of units provided by the property developer may vary. In addition, the maximum gross floor area of the site measures at approximately 44, 622m² with the potential of 20-storey height restriction on one part of the development site, and up to 30-storeys for the rest of the Martin Modern Singapore plot.
The released maximum building height in numerical terms is 153 meters Above Mean Sea Level (AMSL). Additionally, the Martin Modern floor plan depicts the availability of dual key condos. Noted for their versatility and often convenience, the Martin Modern dual key units may be defined as, per dual key unit, one space to be subdivided into two separate apartments. The acquisition of the Martin Modern Martin Place development site by GuocoLand was achieved through the prominent housing developer placing the auction’s highest bid at S$595.1 million. This bid exceeded those of other prominent names in Singapore housing development, including the second-highest bid of S$588 million placed by a four-way partnership between TID Residential, Garden Estates, Hong Leong Holdings’ Intrepid Investments, and City Developer’s unit Verwood Holdings.