• Christopher Chitty
  • 17 July 2017

Interested in this project? Visit our listings page.

Project Name: Martin Modern

Address: 8 Martin Place

Type: Condominium

Site area: 171,534.8 sq ft.

Tenure: 99-year leasehold

District: 9

Configuration: 450 units

Unit Types: 150, 2BR

90, 2BR+study

90, 3BR

60, 3BR Premium

60, 4BR Premium

Expected TOP: 2021

Martin Modern is developed by Guocoland, an award-winning developer that has been listed in the Singapore Stock Exchange since 1978. Over the pasts 26 years, the Group has developed and sold 34 residential projects with more than 9,000 units in total. 

Project Details

Propshort: Though the land was large enough for three towers, Guocoland opted instead to develop just two and use the remaining ground space for greenery and larger, better facilities. Each tower also has a ‘secret garden’ which is essentially a sky garden but on the roof, that is accessible by lift to any resident living on any floor. Several of the stacks will get some west sun but shaders have been built onto the balconies to mitigate the heat and glare. As for the units, they’re suitably luxurious, from the smaller 2BRs to the impressively massive 4BR Premiums. These are top-notch units, designed with such extravagance that you’d want to invite people over often, if just to show off.

Martin Modern will launch on the weekend of the 8 and 9 July 2017. Based on the luxurious nature of Guocoland’s venture and its seemingly affluent district, expectations is running at a fevered pitch that the slightest misstep can potentially derail the entire agenda.

Martin Modern

Martin Modern ascends a slope

Fortunately, Martin Modern puts its nature at the forefront, both in metaphor as a luxury development and as a literal development with wide swathes of greenery surrounding the two, 30-storey towers. Grand, opulent and lavish are all buzzwords one might associate with Martin Modern and its three show units easily justifies the use of them.

2BR+study (872 sq ft.)

The 2BR unit despite being the smallest on display has big, functional spaces proportionate to its size. Ceiling height of all units from second floor and up are 3.2m and this extra verticality imbues the living room with a spaciousness that is encompassing, rather than concentrated at just the eye-level.

 

BR living and dining and kitchen

BR living and dining and kitchen

The study room, which will be walled off with a door in the actual unit, is just after the main door. It can be used as a guest room, though there are many other ways that the 41 sq ft. space can be used, least of which as a study room.

 

2BR study

2BR study

Regardless of the opulence or luxurious nature of the development, 1 & 2BR units usually offer open kitchens. It is no different here but where Guocoland differs is through an open kitchen with a pleasant U-shape design that is both utilitarian and aesthetically pleasing.

 

2BR open kitchen

2BR open kitchen

Both top and bottom laminate cabinets are included, with a melamine finish. The counter top is composite stone and there is glass backsplash behind the cooker. The appliances that come with the unit aside from the sink and tap are the induction hob, cooker hood, built-in combi steam oven, built-in fridge and washer/dryer.

2BR kitchen

2BR kitchen

A dining table that can sit six is also displayed in the unit, thus showing off a 2BR+study home that is not limited by its size and instead, presents an image of a home that is spacious. Adding to this would be the common bedroom which can take a queen-size bed and have space for not just a side table, but ample distance from the foot of the bed to the far wall.

2BR common bedroom

2BR common bedroom

The master bedroom is significantly larger and so a king-size bed wouldn’t look out of place neither would it take up all the space. Aside from the built-in wardrobe, residents can build extra shelving and mount a television on the far wall.

2BR master bedroom

2BR master bedroom

Both sides of the bed have room for side tables and the resident might even decide to arrange the furniture in such a way that a quaint work table may be installed.

 

The bathroom is decked out in marble from floor to walls and the quality is immediately apparent.

 

The 2BR+study proves itself as a fantastic, base standard from which the bigger units build upon.

3BR Premium (1,421 sq ft.)

The 3BR premium has a private lift lobby that leads residents to a view of an extremely grand and lavish living room.

3BR premium living room

3BR premium living room

Compared with many developments, this living room with balcony looks like a 1BR unit on its own. In Martin Modern, it’s a vast living space fit for more than one couch and demanding of an entertainment system just shy of a cinematic experience. The balcony, like the floors of the living room is marble, albeit mosaic marble for some of that traditional, luxury aesthetic.  

The dry kitchen shares part of that space although it is expansive on its own, and capable of having a long, eight to 10-seater dining table without fear of congestion.

3BR premium dining

3BR premium dining

The dry kitchen leads to the wet kitchen with its winding corridor that belies its true strength; excellent, large set pieces where the cooking is handled in one area and the pantry and yard spaces are segregated so as not to clutter the entire room. There is also a back entrance for when such an exit is required.

The 3BR Premium comes with a junior master bedroom in addition to the common bedrooms. The junior master is located on the opposite side of the living room, away from the other bedrooms, with its own bathroom.

 

3BR premium junior master bedroom

3BR premium junior master bedroom

The master bedroom may appear smaller in comparison but only because it is currently host to a king-size bed while the junior master has a queen-size.

3BR premium master bedroom

3BR premium master bedroom

The rooms are extremely spacious and with high ceilings, residents might even build additional furniture deck to accommodate a bigger family. The 3BR Premium can easily handle four to five people living together.

But as big and extravagant as the 3BR is, it dwarves in size and delivery by the 4BR Premium.

4BR Premium (1,798 sq ft.)

The 4BR Premium is an eye-catcher. It is a showstopper and one that comes with all the connotations of wealth and prestige.

4BR Premium

4BR Premium

Distinctively rectangular compared to the square-like 3BR, the living area in this unit benefits from the elongated size and as such, looks longer but more proportionate. Where the 3BR unit’s living room is perfect for hosting parties, group sessions or even a movie screening, the 4BR’s living space is cosier, despite being bigger, on account of its shape.

The layout of the 4BR Premium is also unique in that the dining area which is attached to the dry kitchen, comes with its own balcony. The living room and dining room are totally distinct however and the resident might even choose to build a wall or sliding doors to further separate the two if they so wish, without worry of using up too much space.

4BR Premium living and dry kitchen and dining

4BR Premium living and dry kitchen and dining

The wet kitchen shares a similar layout with the kitchen in the 3BR Premier, with its snaking but spacious corridors and opulent tiles. It’s an attractive kitchen and the way it is laid out, the outside will be properly insulated for when there’s heavy cooking going on.

4BR premium wet kitchen

4BR premium wet kitchen

The 4BR unit also comes with a private lift, which is close to where the junior master bedroom is and overlooking the dining area. The junior master bedroom and common bedrooms are of the same, consistent standard seen throughout. One significant difference here is that in the show flat, one of the common bedrooms has direct access to the common bathroom.

 

And as for the master bedroom, it is easily double the size of what was seen in the 3BR Premium. The room might even be a studio apartment in its own right with far more available space should a single bed be inserted within. Of course, even with a king-size bed, the space hardly appears cramped. 

4BR premium master bedroom

4BR premium master bedroom


 

The closest adjective that may suitably describe the bedroom is luxurious. Pictures and videos do it little justice as standing in the room elicits a vastly different experience than just observing through a lens. But as far as lens goes, there’s still a lot that can be taken in. In particular, the bathroom.

4BR premium master bathroom with bathtub

4BR premium master bathroom with bathtub

It’s a unique blend of modern design with minimalism as punctuated by the bathtub in the shower area. The bathtub is available for the 4BR Premium units and adds just that much more to an extravagant home.

 

The marble tiles and dim lighting lends the bathroom a warm aura tinged with a deep layer of style that is neither ostentatious or overwhelming. It’s a good, strong look to end the visual feast that is the master bedroom in a highly impressive 4BR unit.

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Location

Propshort: There’s no denying that River Valley is an affluent district and Martin Modern comes onto the location at a time where rapid construction of several key conveniences like the Great World MRT station is occurring and well within walking distance to the property. There’s a school, a park, even a taxi ferry pickup point about five-minutes from Martin Modern. Great World City Mall is also within walking distance and will be significantly closer once the MRT station and the construction around it is complete and cleared.

Situated between River Valley Close and Kim Yang Road, Martin Modern is a new 99-year leasehold condominium to be developed in the affluent River Valley Road. The condominium is somewhat in the middle of three MRT stations, one of which – Great World City MRT – is currently being built. The other two stations are Somerset and Dhoby Gaut.

Great World City MRT under construction

Great World City MRT under construction

However, Somerset MRT station is about a 15-minute walk away. Tangentially, this does mean that the Orchard Road shopping belt is relatively close by. Residents can get there in under 10-minutes by vehicle, barring traffic.

Dhoby Gaut and the future Great World MRT station will be around eight-minutes of travel time by vehicle. Kim Yang Road and River Valley is dotted with old condominiums and there is even a Chinese temple within walking distance of where Martin Modern will be. Great World City MRT station and Martin Modern is separated by Kim Seng Park and once ready for use, will be about a five-minute walk from Martin Modern.

Kim Seng Park to the left of where Great World City MRT is being built

Kim Seng Park to the left of where Great World City MRT is being built

Nearby amenities include two cafes – P.S Café at Martin Road and Common Man Coffee Roasters – along Martin Road and in front of the Art Xchange gallery. Down the road from that is the Book Café followed by the rest of Robinson Quay with its’ bars, bistros and restaurants along the Singapore River. It’s also fairly straight forward walk out along River Valley Road to Clarke Quay that will take roughly 16-minutes.

As for schools, the closest would be River Valley Primary, within 1KM and walking distance of Martin Modern. The school is directly across the road from martin Modern and shouldn’t take more than five-minutes of walking. Other schools within the 1 to 2KM range are Alexandra Primary, Zhangde Primary, St. Margaret’s Primary and Anglo-Chinese Junior School.

River Valley Primary School

River Valley Primary School

Great World City Mall, which is across the road from where Great World MRT station is being built but will be connected to it, is about a 13-minute walk currently. That timing will be shaved significantly once the MRT station is up and running, as there are barricades and areas closed off for now.

Great World City

Great World City

Another unique thing about Martin Modern’s location is that aside from buses, cabs and even trains, residents can adopt another method of transportation if they work or intend to visit the CBD; the river taxi. The pickup point is across the bridge at Kim Seng Park (Jiak Kim) and the intervals is about 25-minutes.

Water taxi

Water taxi @ Jiak Kim

But once on the water, it’s essentially a quick and painless way to get to the CBD without having to deal with traffic.

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Analysis

Thus far, 90 units amounting to SGD220 million have been transacted at Martin Modern. 

The lowest transacted was for a 764 sq ft. unit at SGD1.75M while the highest was for a 1,798 sq ft. unit at SGD4.55M. Almost all the transactions occurred between 21 and 22 July with at least one happening on the 23rd.

Source: URA, PropertyGuru

Source: URA, PropertyGuru

Guocoland had a strong start but now with hype evening out, it remains to be seen how they can maintain momentum. The project sells itself as does the area but as a pricier development, it may take some time to close the gap from 90 to 450.

Rental

According to URA, the monthly psf for Martin Place is SGD4.94. Using the 850 sq ft. unit as a guide, monthly rental yield with a 20% new build premium added comes up to approximately SGD5,000. The median transacted price for the 850 sq ft. unit is SGD1,967,877 which places annual rental yield at a healthy 3%.

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Summary

Martin Modern is a stylish and well-designed exclusive condominium. Its location is convenient and it comes with the potential for future investment once the MRT station is up and running. Many things are within walking distance, like a school, the future MRT station, a park, a river taxi and even Great World City Mall. It’s hard to find fault with this development and there’s no reason to anyway.

The price of admission is worth it for people who can purchase it since there’s much value to be had in the long-term. If investing is not your cup of tea, then Martin Modern’s lavishly designed homes will be a status symbol to show off every chance you get.  

Interested in this project? Visit our listings page.

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Eric Wong

Christopher Chitty

"I read, I write, I lift. I am content"