If you’re looking for a home that has all the winning factors of city living along with a mix of hipness and trendiness, well, look no further as Martin Modern fits that description perfectly. What comes to mind when we’re talking about living in District 9? The bustling city life. Bright lights. Busyness. Crowdedness. Fast-paced. Non-stop heavy traffic. Roadway noise. To conclude, it’s definitely not a place for anyone who loves some peace and quiet, right? Not exactly..
Martin Modern promises a luxe botanical home that’s strategically located for you to live, work and play. Situated at Martin Place, this 99-year leasehold development by GuocoLand Ltd is expected to TOP in 2021/2022. According to The Straits Times, the property developer saw its profit triple to $32.4m from S$10.9m during the second quarter ended December thanks to higher progressive recognition of sales from Martin Modern. The question now is, what are the elements that make this development a hot seller?
Here’s Why Martin Modern Is an Investment-Worthy Home:
1. Specifications
| Project Name | Tenure | Expected TOP | Unit Type (up to) | Size in sqft (up to) | Average Price PSF (up to) |
|---|---|---|---|---|---|
| Martin Modern | 99-year leasehold | 2021/2022 | 2-bedder + Study 4-bedder Premium (w private lift) | 883 1798 | $3,254 |
Martin Modern units range from two to four bedrooms that can suit the needs of different groups of people namely bachelors, couples and small families. If you’re one who prefers the luxury of a private lift, you should take a look at its three- and four-bedroom units. If you’re a couple and you need an office space, then the ‘two-bedroom + study’ unit is made for you.
2. Monthly Rental Price
Assuming you’re planning to invest in this property and rent it out later, we ought to gauge Martin Modern’s monthly rental by exploring the neighbouring condominiums. A three-bedder in Starlight Suites and Martin No 38 can go up to $8,000. This is good news for future landlords, considering the upcoming developments within close proximity mentioned in URA’s 2019 Draft Master Plan and upcoming revitalisation of Kim Seng and Outram precincts, from new MRT lines to the new financial district – giving you the assurance that your property will keep its value well.
3. Perks for Own Stay
Martin Modern is designed by a four-time President’s Design Award winning architect, Yip Yuen Hong, who is a firm believer in functionality and simplicity. His primary design direction is both timeless and explorative. For this development, the intent is to create a sanctuary of greenery; a physical and spiritual sanctum that gives respite from the busyness of city living.
Therefore, over 80% of land area is devoted to developing a unique botanic garden and an arboretum of native trees and vegetation; where there’ll be more than 200 species of plants including native ones and the birth of 15 curated gardens. Of course, gardens wouldn’t be complete without ponds and water features – get ready to be mesmerised by these.
This condominium is equipped with nothing but top-notch facilities. Stay active with the use of Fitness Courts, Tennis Court, 50m Lap Pool and Gymnasium. Lounge and relax at the Pool Deck, Jacuzzi, Dipping Pool and Reading Pavilions. Thinking of having guests over? Hosts unforgettable celebrations at the BBQ and Dining Pavilions, Club and Dining Lounges and the Party Lawn. Your furry friends are not missing out as there’s a Pet’s Corner too!
Everything on the exterior sounds impeccable and appealing, now you must be wondering what your home would look like at Martin Modern . Each unit comes with a high ceiling and a living/dining area that connects to an expansive balcony which is one of its unique features. You’ll get more inspiration when you visit the showflat, tailored by award-winning interior designer Peter Tay. It is decked with contemporary artwork and modern designer furniture pieces, showcasing a minimalist style in an intimate ambience that defines the Martin Modern lifestyle.
4. Transportation and Accessibility
If connectivity is your top priority, take that off your list of concerns. The upcoming Great World MRT Station (opening in 2021) is a five-minute walk from Martin Modern, it’s just one stop away from Orchard and three stops away from the Central Business District.
You can walk to Fort Canning MRT Station on the Downtown Line in 15 minutes, connecting you to Marina Bay, Botanic Gardens and many prestigious schools in Bukit Timah. Walking to Somerset MRT Station takes about the same amount of time too.
If you’re usually on the road, driving to the major expressways takes less than 10 minutes: to Central Expressway, Ayer Rajah Expressway, Marina Coastal Expressway, and East Coast Parkway. Frequent flyers, fret not, you can reach Changi Airport via Nicoll Highway in roughly 24 minutes.
Going eco-friendly? Cycling to Singapore River Promenade will take two minutes and 20 minutes to Gardens By The Bay. For long-distance cycling enthusiasts, you can reach East Coast Park in slightly over an hour.
5. Amenities and Healthcare
If you enjoy hanging at places where it’s hip and happening yet laid back and cool, Martin Modern’s neighbourhood is the place to be. The list of exciting activities is endless; from checking out that new wine bistro or edgy concept restaurant at Robertson Quay, taking a leisurely stroll along the riverside with a special someone, to watching the latest plays at Singapore Repertory Theatre or Theatreworks – this enclave has something for every well-heeled connoisseur or culture consumer.
Step out of the neighbourhood to nearby areas such as Orchard Road or Marina Bay for dining, leisure and shopping. You can also find hubs for history and the arts nearby, namely The Parliament House and Supreme Court are at the apex, the National Gallery Singapore, Asian Civilisations Museum, Victoria Theatre and Concert Hall, and The Arts House. Bras Basah/Bugis district, a centre for arts, design, and heritage, is within close proximity as well.
Don’t worry if you have a medical emergency that requires immediate attention. Good clinics and hospitals such as Raffles Medical, Mount Elizabeth Hospital, Gleneagles Hospital, Singapore General Hospital and KK Women’s and Children’s Hospital are less than 10 minutes away by car.
6. Future Developments within and near District 9
Future mixed-use developments will be built along the upcoming Thomson-East Coast Line where Great World MRT station is, making it well connected to Orchard Road through side streets to bring more people and add buzz and vibrancy to the precinct. There will be a new Dover Knowledge District, a mixed-use site that is meant to be an extension to one-north, suited to technology companies. The old Pasir Panjang Power District will be turned into the Greater Southern Waterfront, a heritage and lifestyle hub. All these places are less than 25 minutes away from Martin Modern.
Martin Modern is absolutely an investment-worthy home for go-getters; local working professionals and expats who are aesthetes and love to indulge in lavish lifestyles that’s filled with extravagant eats and sophisticated shopping. Is this the property you’ve been meaning to invest in? If the answer’s yes, we can’t wait to make that happen for you.
Talk to our real estate consultants and get VIP agent service. Call 6886 9009 now!
Best Mortgage Rate Across All Banks for Martin Modern
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.95%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.
Buyer’s Stamp Duty for Martin Modern
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.
If you opt to buy a two-bedroom unit at Martin Modern the price is at $1,991,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $64,240.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $640,000 | 3% | $19,200 |
| Remaining $991,000 | 4% | $39,640 |
| BSD Payable | $64,240 | |
Source: IRAS
Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!
Additional Buyer’s Stamp Duty for Martin Modern
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying Martin Modern
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,991,000 |
|---|---|---|
| If Martin Modern is your second residential property | 12% | $238,920 |
| If Martin Modern is your third or subsequent residential property | 15% | $298,650 |
ABSD for Singapore Permanent Resident when Buying Martin Modern
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,991,000 |
|---|---|---|
| If Martin Modern is your first property | 5% | $99,550 |
| If Martin Modern is your second or subsequent residential property | 15% | $298,650 |
ABSD for Foreigners when Buying Martin Modern
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,991,000 |
|---|---|---|
| Foreigners buying any property | 20% | $398,200 |
Agent Service for Home Buyers at $0 Agent Fee
Our real estate consultants will provide you insights about this new launch project and assist you with everything you need to know from Buyer’s Stamp Duty, Additional Buyer’s Stamp Duty, exercising the OTP to sealing the deal.
You can buy your new home with Ohmyhome’s VIP agent service at $0 agent fees!
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