Straits Times – 22 luxury condo units sold over $10m in Q1
08/Jun 2018 – #02-14 Sold
08/Jun 2018 – #04-09 Sold
25/Jun 2018 – #14-02 Sold
17/Jun 2018- #21-01 Available
10/Jun 2018 – #15-10 Sold
07/Apr 2018 – #21-01 Sold
07/Apr 2018 – #21-01 Sold
06/Apr 2018 – #04-14 Sold
06/Apr 2018 – #18-05 Sold
06/Apr 2018 – #20-05 Sold
06/Apr 2018 – #11-14 Sold
06/Apr 2018 – #10-14 Sold
06/Apr 2018 – #06-14 Sold
06/Apr 2018 – #18-09 Sold
06/Apr 2018 – #08-09 Sold
13/Mar 2018 – #17-05 Sold
13/Mar 2018 – #20-09 Sold
13/Mar 2018 – #14-04 Sold
13/Mar 2018 – #08-14 Sold
13/Mar 2018 – #09-14 Sold
13/Mar 2018 – #07-14 Sold
13/Mar 2018n – #19-09 Sold
13/Mar 2018 – #22-05 Sold
13/Mar 2018 – #21-05 Sold
08/Mar 2018 – #15-04 Sold
07/Mar 2018 – #03-14 Sold
03/Mar 2018 – #05-14 Sold
28/Mar 2018 – #21-04 Sold
27/Mar 2018 – #17-09 Sold
27/Mar 2018 – #16-09 Sold
Singapore Condos are often times very luxurious inside their units and a lot of them have many incredible facilities. Fewer of them have amazing locations as this is a much less available resource, being honest, landing a great location might be the hardest part of starting a project.
Even if many developments gather one or two of the most important aspects that make them attractive for investment, very few of them reunite all the characteristics of a great condominium in Singapore.
The Clement Canopy and 26 Newton are some of the very limited number of projects that combine a great location with an incredible design and a huge amount of facilities. These kinds of projects represent a great opportunity for investment in Singapore as the profit is prone to rise because of the high demand on land in the island at this moment.
|Project Name||Martin Modern|
|Developer||Guocoland / First Bedok Land Pte Ltd|
|Site Area||15,936.1 sqm (171,535 sqft)|
|Gross Floor Area||44,622 sqm (480,307 sqft)|
|No of Blocks||2 Blocks|
|No of Storeys||30 Storeys|
|No of Units||450 units|
|No of Carpark Lots||Estimated 450 Lots|
|Consultants||Master Architect – ipli Architects, Project Architect – ADDP Architects Landscape, Designer – ICN Design International|
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Invest In Martin Modern With Confidence
There are only a few Martin Modern Condo reviews, so by all means utilize this one as a way for you to inform yourself before investing in this amazing property.
Martin Modern condo is located at the corner of River Valley Close and Martin Place; it is currently being developed by one of the “property gurus” called GuocoLand. With this project, GuocoLand placed the top bid for the private housing site just this past year. The project is being developed in a site area of 15, 936.1 m², and has been leased for a 99-year period.
The design of Martin Modern also puts into consideration exclusivity and privacy with a lush undulating terrain for the affluent class. The development is a status symbol which a home for living and entertainment of your guest. Martin Modern also comes with smart home features across different layouts and sizes that provides city or garden views.
The Cheapest Condos In Singapore
If you want to save time and money while buying a new property in Singapore, you should download this PDF.
Cheapest Condos PDF will allow you to obtain information about the best affordable properties in Singapore.
This PDF also shows you the Condos in a convenient list, so you can look at them individually in a easy way.
Investing beyond the Condo/Investing in the area
Investing in Singapore is certainly a good way to “put your eggs in several baskets” as the real estate market is very stable at the moment.
The area surrounding Martin Modern is very desirable, and it can be proven by the amount of bids that several major developers made to acquire a plot of land near Singapore River District.
The reasons so many developers are interested in this area are firstly, the plot of land is huge and spacious, giving the owners the capability to provide amazing scenery and room for outdoor activities; second, it has incredible landscaping potential, which makes any condo more valuable as more investors are going to be attracted by the design, and third, having such a great amount of space gives developers the opportunity to build incredibly spacious units, which is most of the time what the majority of the clients desire.
The List of Overseas Property Investment
Do you know that the downpayment for the cheapest unit in Singapore could possibilly get you a fully paid unit in Thailand, Bangkok or Vietnam?
Allowing you to start receiving Full Passive Rental Incomewith 0 Monthly Instalment and ABSD.
On top of that, the capital appreciation are usually muchfaster due to the low quantum!
Condos That Are Near To Popular Schools
This PDF is especially useful for people with children and students as it will allow them to find incredible Condo’s located less than 1km from the top schools in Singapore.
This PDF will essentially provide you with a list of the most reliable Condos located near one or several good schools along with organized information. This information will go from location to transportation, which are the main things one looks for when looking for a Condo near a good school.
Amenities, a must in Martin Modern
Condos That Are Near to MRT Stations
Transportation is a big issue when looking for a Condo in Singapore as it is one of the most important aspects people take into consideration.
Downloading this PDF will allow you to get a detailed list of the best condos located at walking distance from MRT stations, this will help you save time both when searching for a condo and when you live in it.
Comprehensive List of Penthouse in Singapore
Downloading this PDF will allow you to get the best deals in the most luxurious and extravagant penthouses in Singapore.
The penthouses featured in this PDF are certainly the best, but that doesn’t mean they are the most expensive. With this PDF you will find out which penthouses are really priced at their value. It will help you save time when looking around for penthouses.
Easy Payment Schedule Of Martin Modern
Payment schedule for The Martin Modern is as follows:
Booking the property & Signing of Sale and Purchase Agreement
you will have to pay a 5%booking fee (Cash/ Cheque) and the Option to Purchase (OTP) will be granted.
The “Developer” will then mail the Sale and Purchase (S&P) Agreement to your banker’s solicitor or to you.
After receiving the S&P you will have to check the date in it as you will be given only 3 weeks from that date to proceed with the S&P.
Within 8 weeks
from the day the option money is paid, you will have to pay the remaining 15%.
You can use your CPF to pay for this and any remaining shortfall will be paid for by Cash.
It is very important that you understand and write down this schedule especially if your CPF does not have enough to cover the amount needed to prepare the necessary Cash if it’s necessary to pay a shortfall
Sales Completion Date
Also you should remember that this amount will depend on your LTV (Loan To Value), e.g. if your LTV is 70% then the balance amount to be paid is 25%, 15% to be paid on exercising day, balance 10% will be paid by progressive stages
(Example foundation work completed).
Stamp Duty (3% less $5,400, Cash/CPF outlay) | Additional Stamp Duty (% of the Purchase Price)
Within 14 days of signing the S&P agreement (or within 30 days if the agreement is signed overseas), you will have to pay the Stamp Duty (3%) / Additional Stamp Duty (5% – 15%) (Cash/CPF outlay) to IRAS (Inland Revenue Authority of Singapore).
Progress Payments using Housing Loan
From this point onwards, you can start using funds from your housing loan, which can be up to 80% of the purchase price.
The tenure of the loan can be up to 30 years, depending on your age. You will have to make payments as follows:
- 10% upon completion of foundation work (Estimated 6-9 months later from work commencement)
- 10% upon completion of reinforced concrete framework of unit (Estimated 6-9 months later)
- 5% upon completion of brick walls of unit (Estimated 3-6 months later)
- 5% upon completion of roofing and ceiling of unit (Estimated 3-6 months later)
- 5% upon completion of electrical wiring (without fittings), internal plastering, plumbing and installation of doors and window frames of unit (Estimated 3-6 months later)
- 5% upon completion of completion of car park, roads and drains serving the housing project (To be advised)
- 25% upon receiving Notice of Vacant Possession and Temporary Occupation Permit (TOP), and the last 15% upon Completion Date, when you receive your CSC (To be advised).
The Clement Canopy will certainly be one of the most beautifully designed properties in Singapore, featuring incredible looks and environmentally friendly functionality as well as an advantageous location and proximity to transport.
On top of that we can add the caliber of its developers UOL and SingLand which will certainly make sure that the property is as high end as it needs to be to have a place inside their impressive portfolios.
When Clement Canopy is finished it will most likely be a candidate to win an award for design and sustainability as well as for having zero negative impact in its constructions zone, which in turn will increase its market value and help smart investors secure their profit.
Also read: Property Taxes in Singapore
Why you should invest in this project now
The second reason you should invest in this project in this very moment is because it is still not finished, meaning you still have chances of buying a unit before Martin Modern TOP is reached, which means prices might be a little lower, which in turn maximizes the profit margin of your investment.
The third reason you should invest in this project now, is because you will be seen as a visionary after the project is finished. Since it has a new concept, some investors may detract themselves from buying before Martin Modern launch because it’s outside of their comfort zone so they’ll wait for other people to invest first. But remember, the things that require no risk, often yield no reward, yet there’s no big risk on investing in this project because the site plan, the developer’s name and the pictures can easily ensure that the project is going to be successful.
The fourth and final reason for investing in Martin Modern right now has something to do with a phrase that we said in the previous paragraph, “new concept”, Martin Modern features a new concept of an incredibly huge land area with only 2 blocks of building; this is done so that there’s space to include lush gardens and incredible facilities. In fact, the Martin Modern condo in Singapore will feature a botanic garden with more than 200 species of plants and 50 species of trees, this is certainly an unusual feature that no other development has included before and can certainly be the best selling point for the simple reason that people like unique characteristics in everything they buy. People always want to separate themselves from the rest, and the Martin Modern is certainly the opportunity to invest based on that reason.