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.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
