THE M CONDO
The Urban Redevelopment Authority Singapore (URA) has 2 mixed development sites in Middle Road and Tan Quee Lan Street, as part of Government Land Sales (GLS). Both developments are opposite upcoming Guoco Midtown, which comprises of offices, commercial retails and also residential apartments.
The land parcel at Middle Road is bounded by North Bridge Road, Liang Seah Street, Beach Road and Middle Road. It is located at the Central Region of Singapore. It is listed under the confirmed list of sites and is to be developed into a mixed development. It has a site area of about 80,300 square feet and come with a commercial space of 16,146 square feet. It will house approximately 390 residential apartments.
Wingcharm Investment, a unit of Wing Tai Holdings won the top bid of S$492 million, which translates into S$1,458 psf ppr.
This well-located Middle Road site is in the Beach Road/Ophir-Rochor Corridor and offering 20-storey residential towers and one block of low rise residences atop a row of commercial units, offers homebuyers a prime city location that is rarely available.
This development in Middle Road will complement the increasing number of offices in the vicinity. It is in a premier city location, an up-and-coming destination for work, live and play; surrounded by commercial developments, hotels, retail facilities, an array of F&B options and educational institutions. yet it shares so much of the rich heritage of the arts and civic district.
The bustling retail amenities of the Bugis district with its colourful heritage attractions offer an unmistakable city vibe with superb connectivity and convenience. It is directly served by the North-South Corridor including MRT networks viz. East-West, Downtown and Circle lines, and major expressways, all providing easy access to the CBD, Marina Bay and major shopping, dining and entertainment areas at Orchard Road.
This Middle Road site is poised to benefit from the limited housing supply in the vicinity and is aligned with Singapore's goal to introduce more housing within the CBD area.
Connectivity
New and upcoming mixed development at Middle Road is walking distance to Esplanade Circle Line Station with just a mere 2 minutes’ train ride to to Orchard and 6 minutes to Raffles Place. The City Hall MRT Interchange is also just short walk away where its future residents can use the North South Line and the East West Line train services. This makes it a breeze for New Condo at Middle Road's future residents to travel to any parts of the island. New condo at Middle Road is also just 3 minutes’ drive from the Shenton Way and 4 minutes’ drive to the Orchard Shopping Belt. It is highly accessible for drivers as it is near to Nicoll Highway and is easily connected to various expressways such as the East Coast Parkway (ECP), the Central Expressway (CTE), the Kallang Paya Lebar Expressway (KPE) and the Ayer Rajah Expressway (AYE).
Amenities
When it comes to dining, retail and entertainment options, New Residences at Middle Road's future residents have the conveniences of having them just right at their doorsteps below. Plenty of options are also available at the nearby shopping malls such as Suntec City Mall, Shaw Leisure Gallery, Marina Square, Millenia Walk, Raffles City, Esplanade Mall, Bugis Junction, Funan Digitalife, Peninsula Shopping Centre and Bugis+, which are just within walking distances from New Condo at Middle Road. New Residences at Middle Road is also near to many food centres such as Gluttons Bay, Albert Centre, Tekka Market, Golden Mile Food Centre, Hong Lim Market & Food Centre, North Bridge Road Market & Food Centre, Berseh Food Centre, People’s Park Complex Food Centre and Chinatown Complex Market & Food Centre.
New and upcoming condo at Middle Road is near to Kallang Riverside Park which offer jogging track, cycling track, outdoor fitness equipment and other outdoors facilities for its future residents. Kallang Riverside Park is also a haven for water sports lovers and there are numerous sea sports activities held their during the weekends. The park also offers new condo at Middle Road's future residents moments of serenity and lush greenery for them to relax their minds. Other parks nearby new condo at Middle Road include War Memorial Park, Esplanade Park and Fort Canning Park.
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| Project | Middle Road New Condo |
| Developer | Wing Tai Holdings (Wingcharm Investment) |
| Location | Middle Road |
| District | 07 |
| Tenure | 99 years lease |
| Site Area | 80,300 square metres/ 864,349 square feet |
| GFA: | sqft |
| Plot Ratio | 4.2 |
| Expected TOP: | |
| Total Units | Approximately 390 residential apartments |
| Total Carpark | |
| Development | Mixed development comprising of 16,146 square feet of commercial space and approximatley 390 residential units |
| Unit Type: | |
| Architect | |
| Eligibility | SC, SPR and Foreigner can buy |
| Project | Tan Quee Lan Street New Condo |
| Developer | |
| Location | Tan Quee Lan Street |
| District | 07 |
| Tenure | 99 years lease |
| Site Area | 11,530 square metres/ 124,117.5 square feet |
| GFA: | 48,429.5 square metres/521,295 square feet |
| Plot Ratio | 4.2 |
| Expected TOP: | |
| Total Units | Approximately 585 residential apartments |
| Total Carpark | |
| Development | Mixed development comprising of 2,000 square metres of commercial space and approximatley 585 residential units |
| Unit Type: | |
| Architect | |
| Eligibility | S C, SPR and Foreigner can buy (No restriction) |
LOCATION AND AMENITIES- The M Condo
Amenities Near New Condo at Middle Road
FACILITIES and SITE PLAN E-BROCHURE- THE M CONDO
Both the Facilities and Site Plan of New Condo and New Mixed-use Development in Middle Road are currently seeking approval from relevant authorities.
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RESIDENTIAL FLOOR PLANS E-BROCHURE- THE M CONDO
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SHOWFLAT LOCATION- THE M CONDO
The Middle Road government land sale (GLS) site (zoned residential with first-storey commercial) received 10 bids – the highest number of contenders for a residential GLS site since the Mattar Road site (off Aljunied Road) also received 10 bids in May 2018.
Wingcharm Investment, a unit of Wing Tai Holdings, placed the top bid for the site at $492 million ($1,458 psf per plot ratio). “We are excited with the opportunity to create a quality development that integrates residential and commercial offerings in this prime location,” says a Wing Tai spokesperson.
“This would be Wing Tai’s first residential site acquisition since the Garden Residences site in August 2017,” says Tricia Song, Colliers International’s head of research for Singapore. Although the site was hotly contested, she considers the bid prices to be “fairly conservative”, with the bulk of the bids bunched below $1,300 psf ppr.
The site falls within the Central Area, and hence, will not be subject to a minimum unit size. It can be built into 375 residential units, with up to 1,500 sq m of commercial space on the first floor. Colliers expects the potential selling price of the new project to be in the $2,200 to $2,300 psf range.
The second highest bid for the site came from a joint venture between Chinese property developers, MCC Land and Greatview Investment. The bid of $470 million by was 4.7% lower than the highest bid.
“The developers’ bidding behaviours are not as aggressive as observed in previous GLS tenders before the introduction of the cooling measures in last July,” notes Nicholas Mak, executive direct and head of research at ZACD Group.
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