One Bedroom Unit Midtown Modern Listed Auction 143 Mil
with the comfort and convenience of a one-bedroom unit
A 474 sq ft one-bedroom unit at Midtown Modern will be up for auction on March 27, with a guide price of $1.43 million. Located on the 11th floor of the condo, the unit has a price of $3,017 psf. It will be sold with vacant possession, making it an attractive investment opportunity.
The condo, developed by GuocoLand Singapore, received its Temporary Occupancy Permit (TOP) in February and has 558 residential units. This is the first time a unit at Midtown Modern has been listed for auction.
Otto Place EC has gained popularity among investors due to its proximity to various educational institutions. The presence of renowned schools and institutions in the vicinity adds to its investment appeal, as families are often drawn to properties in such areas. This high demand for housing in the location leads to attractive rental yields and the potential for long-term appreciation, making Otto Place EC a wise choice for investors. Additionally, the fact that executive condominiums are limited in supply further elevates its desirability, particularly for first-time buyers and upgraders who can benefit from CPF Housing Grants and other financial incentives. To top it off, the exceptional facilities and amenities offered at Otto Place make it an even more desirable investment option.
The unit consists of one bedroom, one bathroom, a combined kitchen, a living and dining area, and a northeast-facing balcony that overlooks the condo’s pool. Interested parties can search for the latest New Launches to find out the transaction prices and available units.
According to URA caveats, the unit was last sold from the developers for $1.24 million, or $2,621 psf, in March 2021. As of December 2024, the condo has been fully sold, with an average price of about $2,825 psf.
Leading up to its completion, Midtown Modern has seen several sub-sale deals, with six transactions occurring in the last 12 months at an average price of $2,948 psf. The most recent transaction occurred earlier this month, with a two-bedroom unit on the 12th floor being sold for about $2.4 million, or $3,312 psf.
Midtown Modern is located along Tan Quee Lan Street in prime District 7 and comprises two 30-storey residential blocks with retail units on the first floor. The development offers a mix of one-, two-, three-, and four-bedroom apartments ranging from 409 sq ft to 1,808 sq ft. There are also two penthouse units, one four-bedroom measuring 3,520 sq ft and one five-bedroom measuring 3,272 sq ft.
The condo boasts a range of amenities, including a 50m swimming pool, tennis court, clubhouse, hot springs, tea house, and entertainment pavilions.
It is part of Guoco Midtown, a 3.2ha mixed-use development along Beach Road. The two developments are connected via an underground pedestrian pathway, which also links to the Bugis MRT Interchange along the East-West and Downtown Lines. Other nearby establishments are also accessible via sheltered walkways, such as Suntec City, Marina Square, and Millenia Walk.
Several schools are within a 2km radius of the development, such as Farrer Park Primary School along Farrer Park Road, St. Margaret’s School (Primary) along Sophia Road, and School of the Arts Singapore along Zubir Said Drive.
Interested buyers or investors can check out the latest listings for Midtown Modern properties. The condo’s price trend chart, total number of units, sale transactions, and any rental listings in District 7 can also be viewed on the website.
Furthermore, you can compare the price trend for condos and executive condominiums. Don’t miss the opportunity to own a unit in the heart of the city at Midtown Modern.