15 Feb 2020: Despite the COVID-19 outbreak that dampen sentiment, The M Condo at Middle Road draw crowds with more than 1000 prospective buyers headed to the showflat on the 1st day of preview. “Life should goes on”, said Wing Tai deputy chairman Edmund Cheng.
Other property developers seems to agree with Edmund Cheng as they launch their developments this weekend too namely OLA EC and Luxus Hills Landed.
Stacey Ow, head of marketing at Wing Tai said “We are encouraged by the turnout rate that exceeded our expectations”. Visitors demographics are mainly in their 30s to 40s, are attracted to this place likely due to the location, at Ophir-Rochor corridor.. Being “The M”, put this development close to town with Bugis MRT, Bugis Junction, Bugis Cube, Bugis+ at doorstep.
Still, there are proper precautionary measures at The M Condo such as checking temperature, collecting survey from customers for tracability, tent for holding area to lessen crowd at showflat and also isolation room if needed. There will be regularly cleaning on an hourly basis or when required to ensure proper hygiene are in place.
With choice unit from studio, 1 to 3 bedrooms units, The M provide home buyers and investors a good choice of unit mix with sizes ranges from 409 to 904sf
The M Price Guide
- Studio: $9xxk+
- 1RM: $1.0xm+
- 2RM: $1.3xm+
- 3RM: $2.0xm+
Ismail Gafoor, Propnex CEO said “The M would be one of the best selling development in 2020 even with the coronavirus outbreak that dampen sentiment across most of the industries”. Developments with unique selling propositions will continue to sell well as home hunters will be be cautious in their property purchase.
The M likely will do well as the rare concept of mixed development with Live, work and play under one roof together with its low quantum will appeals to home buyers on the market.
The M: In the Middle of Everything
The M condo is part of Rochor Planning area, right between Beach road and Bugis where major transformation set to take place. This is where culture and education institutions are located such as Schools of the Arts, Singapore, Singapore Management University, Nanyang Academy of Find Arts, LaSalle College of the Art.
The M at the Downtown Core in the Core Central Region (CCR), is in a strategic location. Other than numerous shopping mall, local gourmet, it is also rich in heritage and culture with all the old shophouses and national monuments nearby such Raffles Hotel. There are also various integrated mixed development upcoming such as Midtown Gardens, Guoco Midtown and South Beach. Shaw Tower just opposite The M will also be transformed into Grade A office development in the future.
Other than offices and shopping, there’s also alot of F&B and retail shops nearby. Residents here can head to Bugis village or Liang Seah street where a rows of restaurants and coffee shops await you. The restaurants also operate late at night to give residents here at The M a 24*7 lifestyle for those who work late at night who need to eat supper. The restaurants here has a good of Korean food, china food, local gourmet and dessert.
Being right at the Middle of everything give this area the vibrant that you need without having to go far. Be it schools, eateries, shopping malls, offices, night activities and cafes, you never far from them. Within walking distance, residents staying in The M can walk to 3 MRT stations namely Bugis MRT, City Hall MRT and Esplanade MRT for difference choices of MRT lines.
This development at The M therefore will appeal to the young and investors. Developments should provide good rental yield with all the offices nearby. Tenants here likely to be managerial position working in Grade A offices or in CBD. The right place with the right size and price incorporate together for co-playing, co-living and co-working.
The M Condo Facilities
The M first level is commercial retail space that can be used as F&B and Retail outlet. Giving residents addition convenience just under one roof.
The second floor is the carpark while the condo facilities start on level 3. The Clubhouse known as Club M span over 3000sf. Club M include a gaming room, baking studio, multi-purpose room and a residents’ lounge. There’s also a 50 meters infinity pool and gym for those who need a workout.
Home and Work Concept at The M
Developer has introduced a new concept here at The M with its “Home/Work” concept where the “transformer furniture” are designed to be flexible and efficient for versatility. The sliding wardrobe in the living area can be converted to book shelf while the long kitchen top can be used as a meeting table or dining table or even be converted as a bar counter. The kitchen cabinet light up from within and with translucent glass that can be converted to display cabinet too.
The 2+1 unit type is well configured too for best rental yield. Other than the 2 bedrooms in the unit, the study room can be configured into a bedroom too as there’s space for bed and also wardrobe. On top of that, the living room itself can also be converted into a 4th bedroom by installing a partition wall. The 2+1 therefore can be rented as 4 bedrooms with the kitchen and dining area being a shared space. This setup is an ideal layout for investors to maximise the rental yield.
About The M Land Sales
Wing Tai came in top bid of $492 million in this highly contested site at Middle road. 2nd top bidder is MCC Land follow by CSC Land at $470 million and $441 million respectively. This land is sold on a 99 years tenure.
