Midtown Modern is an upcoming new condo at Tan Quee Lan Street, located on top of Bugis MRT. It is slated as mixed use development located at a hip, urban and trendy area in Bugis. It was won on 5 September 2019 as a joint venture between Guocoland and Hong Leong Holdings with a bid of S$800.19 million. This translates to $1,535 psf per plot ratio (psf ppr).
Besides the many shopping and entertainment options available, the new condo at Tan Quee Lan Street will be the crown jewel in the future Beach Road/Ophir/Rochor Corridor – A new business hub as indicated in URA’s 2019 masterplan.
The area around Midtown Modern at Tan Quee Lan Street is currently being transformed from a history-rich and predominantly commercial precinct, into a vibrant lifestyle-centric haven.
Investors and homestayers are sitting up and taking notice. With high rentability, potential for capital appreciation and seen as a great place to start/raise a family, Midtown Modern at Tan Quee Lan Street is likely to be one of Singapore’s most hotly contested new launches.
Convenience is a key reason why Midtown Modern at Tan Quee Lan Street is attractive to potential buyers. MRT stations such as City Hall, Bugis, Rochor and Esplanade are within the vicinity, allowing residents to travel around the island from a centralized location.
It is also near to Nicoll Highway, and easily connects to AYE, CTE, ECP and KPE.
For parents, there are nearby schools of all levels to choose from. They include Rosemary Hall Montessori Kindergarden, Stamford Primary School, St. Margaret’s Primary School, Singapore Management University (SMU), Nanyang Academy Of Fine Arts and Laselle College Of The Arts.
In terms of amenities, not many other areas can boast the variety of shopping, dining and entertainment options around.
Nearby shopping malls like Suntec City, Shaw Leisure Gallary, Bugis Junction, Marina Square and Bugis Plus are some of Singapore’s most popular hang-out spots.
Retail-therapy, cinemas and restaurants are plentiful and easily accessible. Residents will be spoilt for choice!
For more affordable eating options, Midtown Modern at Tan Quee Lan Street is near to hawker havens Gluttons Bay, Albert Centre, Tekka Market and Golden Mile food centre.
Due to the reasons listed above, some experts believe that District 7 (Bugis area) can become Singapore’s most prime residential area in the near future.
Prices are increasing rapidly, with even more room for growth once ongoing developments are complete.
This gives investors a limited window of opportunity to capitalize on the area’s rejuvenation. Midtown Modern at Tan Quee Lan Street could be the perfect opportunity to snag a property with high potential capital appreciation.
Midtown Modern project summary
|TOP Date||Estimated 2024|
|Total number of units||585|
|Tenure||99 year leasehold|
|Address||Tan Quee Lan Street|
|Facilities||50m swimming pool, BBQ pits, gym and retail outlets on first floor|
Midtown Modern Location
Midtown Modern on Tan Quee Lan Street is located adjacent to Bugis MRT and has a centralized location close to many bus stops and MRT stations. Other MRT stations and lines such as City Hall, Rochor and Esplanade stations are close by, allowing residents to conveniently access other parts of Singapore through the various MRT lines.
For drivers, Midtown Modern on Tan Quee Lan Street is near to Nicoll Highway, and easily connects to AYE, CTE, ECP and KPE.
Midtown Modern unit mix
It is estimated that Midtown Modern at Tan Quee Lan Street will have a total of 585 units, from 1 to 3 bedrooms. Sign up below to receive exclusive invites, floorplans and pricing once they are released!
Midtown Modern nearby amenities
Midtown Modern at Tan Quee Lan Street is close to many schools of all levels. They include Rosemary Hall Montessori Kindergarden, Stamford Primary School, St. Margaret’s Primary School, Singapore Management University (SMU), Nanyang Academy Of Fine Arts and Laselle College Of The Arts.
As one of the leading lifestyle-centric areas in Singapore, residents will have plenty of shopping, entertainment and dining options to choose from.
Popular nearby shopping malls like Suntec City, Shaw Leisure Gallary, Bugis Junction, Marina Square and Bugis Plus offer a healthy dose of retail therapy and exemplary dining choices.
For residents who prefer hawker fare, the new condo at Tan Quee Lan Street is near to hawker havens Gluttons Bay, Albert Centre, Tekka Market and Golden Mile food centre.
Midtown Modern floorplans
To be announced. Sign up below to receive exclusive invites, floorplans and pricing once they are released!
Midtown Modern comparative market analysis
There may not be a whole lot of residential properties in District 7. However, this scarcity trend is actually working in their favor.
Due to an increasing demand for centralized properties which offer convenience and a quality lifestyle, sales volume for District 7 properties have shot up in recent years.
With not a whole lot of choices, the current properties in the area are enjoying intense attention from buyers.
When Midtown Modern at Tan Quee Lan Street is added to the mix, it has the potential to surpass other District 7 properties in terms of sales transactions.
This is because of its mixed use development status which offers even greater convenience, and a slightly better location that its counterparts.
Which means that interested buyers should act fast and secure their preferred units before the likely buying frenzy.
Midtown Modern rental volume comparison
As mentioned above, District 7 properties are high in-demand now due to its close-to-town location and promise of an idyllic lifestyle.
This has led to a surge in rental transactions, especially from working professionals looking for homes close to CBD, with a host of amenities nearby.
Midtown Modern at Tan Quee Lan Street is likely to enhance this trend, especially when the Beach Road/Ophir/Rochor corridor (part of the URA’s masterplan) is developed.
This will create even more jobs in the area, naturally leading to more rental demand.
Midtown Modern rental comparison (per square feet)
Experts have predicted that District 7 will soon become Singapore’s leading residential area. This is reflected in the rental income enjoyed by current landlords.
While a few other areas still command higher rental fees, District 7 is fast catching up and could soon overtake its “competitors”.
The good news is that the developments in District 7 are far from complete. As the area progresses year after year, landlords can command higher rental fees and still have no lack of potential tenants.
This is why tMidtown Modern at Tan Quee Lan Street can be a sensible investment for long-term rental income.