Two upcoming condos in District 9 sparks home-buyers interest

New Futura and Martin Modern Condo will be put up for sales in the second half of 2017 which features a significant pick-up of sales activity in new private homes.

According to analysts, if GuocoLand Group and City Developments (CDL) can price the units "correctly", New Futura and Martin Modern would see the healthy interest from the local, foreign buyers as well as investors.

New Futura -Rare Freehold in The Central Region

Cushman and Wakefield research director Christine Li noted that the high-end residential market seems to be bottoming that can help both New Futura along Leonie Hill Road and Martin Modern will be welll received.

new futura design

New Futura @ Leonie Hill Design Landscape

According to CDL, New Futura Official Price will be only announced closer to the launch date. OrangeTee's Mr Wong said that The Average Price can come around $2,700- $2,900 psf.

New Futura in District 9 takes shape with two 36-storey towers for 124 luxurious units. A variety of Unit types available for choice including two-bedders to five-bedroom penthouses, with sizes from 1,098 sq ft to 7,825 sq ft.

Martin Modern - A Home within "A unique Botanic Garden"

Another outstanding project can take under your consideration is the 450-unit Martin Modern @ Martin Place. "Two 30-storey towers offer a myriad of two- to four- bedroom apartments set in lush greenery" Guocoland said.

The luxury condo is expected to see healthy take-up when it launches with The Best Selling Points - A "Unique Botanic Garden" covering more than 80 per cent of the land area where is the home to over 200 species of plants and more than 50 species of trees and palms.

Martin Modern Facade

PropNex Realty estimated that units at Martin Modern can be priced at about $2,300 per sq ft (psf).

Group Managing Director at GuocoLand Singapore, Mr Cheng Hsing Yao said, "We get a sense that many buyers here take a view that the high-end property segment offers very good value now." Guocoland is fairly confident about the 99-year Martin Modern with its recent robust sales at Leedon Residence.

Only in The 1st Quarter 2017, Leedon Residence, off Farrer Road, saw a total sales value of $250 million for 42 units.


Should I Buy a Property Now? Yes, Right Time Has Come

According to the head of research and consultancy at OrangeTee, Mr Wong Xian Yang: "Non-Singaporean demand for Singapore properties is also slowly recovering, which bodes well for core central region properties."

The price in Non-landed private home segment in the core central region saw a decline to 10.3 per cent at March 31 from the peak in the Q1 2013.

In addition, the brighter economic prospects, as shown in trade growth and strong manufacturing, will the residential property market get more positive recovery despite of the cooling measures effects, said Ms Tricia Song, research head at Colliers International, Singapore.


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