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GuocoLand’s Midtown Modern has a strong start: DBS

Atiqah Mokhtar
Atiqah Mokhtar3/22/2021 12:30 PM GMT+08  • 2 min read
GuocoLand’s Midtown Modern has a strong start: DBS
More than 60% in sales was recorded at launch weekend.
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Following the launch of GuocoLand’s Midtown Modern project, DBS Group Research says the development is “potentially one of Guocoland’s best-selling projects during launch weekend in recent times”.

In a research note dated March 22, DBS analysts Derek Tan, Rachel Tan, and the DBS Singapore research team noted more than 60% in sales was recorded at launch weekend. In comparison, GuocoLand’s other projects, with the exception of Martin Modern (with current sales of 92%), have current take-up rates of 18% - 28% respectively.

DBS says that the project, which comprises 558 units, saw good demand across the 1-bedroom to 3-bedroom units while a majority of units sold were the 1-bedroom and 2-bedroom units with selected stacks fully sold out.

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