Martin Rise is a new condo by Guocoland located at the city centre in District 09. It is located along Martin Place and represents one of the most prestigious address located near the Orchard and city centre. Martin Rise represents an iconic address which brings many conveniences and transportation options for the affluent investor looking for a prestigious development in the downtown city centre. The developer for Martin Rise is Guocoland.
Martin Rise Condo Guocoland
The site for Martin Rise Guocoland was put up for sale by the Government Land Sales Programme (GLS) on April 28. Analyst note that the size of the land stands at 171,535sqft and the plot ratio of 2.8 means that the total Gross Floor Area (GFA) for the plot stands at 480,307sqft. Guocoland submitted the top bid for the land under its subsidiary First Bedok Land. There were a total of 13 bidders for the plot of land which is an indication that developers are still upbeat on the local property market and that the core city centre real estate has always proved to be a resilient choice of investment. The total GFA for the plot of land puts an estimate of 450 units to be built on the plum site.
Iconic and Scenic Boat Quay and Singapore River next to Martin Rise
Boat Quay is one of Singapore’s historical places when it is one of the busiest part of the port of Singapore. It has many shophouses that serves the trade during the early settlement of Singapore. Currently, the shophouses are now part of Singapore’s nightlife scene where it is host to many pubs as well as F&B restaurants that is now situated along Singapore River.
Boat Quay is now conserved and is now part of Singapore’s iconic place for tourism. Martin Rise owners are just a short walk away from Boat Quay and therefore make gathering with your friends and colleagues a breeze from your home.
The location of the site is also near to many amenities that are highly sought after by buyers. For example, Martin Rise is located just minutes walk away from Great World City MRT Station on the Thomson-East Coast Line. For car owners, Martin Rise is also located near to Central Expressway (CTE) and therefore traveling to other areas of Singapore including Toa Payoh and Bishan is a breeze. It is also seamlessly connected to the Orchard Shopping District buy buses that run along River Valley Road.
Great World City
Great World City is a 6 storeys shopping mall located right next to Great World City MRT Station. It is also has a office component that is 18 storeys as well as a 35 storeys serviced apartment. The shopping mall as a total of 400,000sqft that comprises of a wide variety tenant mix for the residents of Martin Rise.
Great World City consist of anchor tenants such as Cold Storage Supermarket for your everyday grocery needs as well as Food Junction if you are looking for a quick meal fix.
Wny Martin Rise by Guocoland
- Located right in the hear of the city
- Prestigious and iconic address
- Great World City Shopping Centre located nearby
- Great World City MRT Station on the Thomson-East Coast Line
- Wide range of F&B and retail outlets at Tanglin Shopping Centre and Robertson Quay
- Spacious and efficient layout
Martin Rise Condo Martin Place
For owners looking at shopping near Martin Rise, the development is located next to Great World City Shopping Centre where a wide variety of F&B outlets and retail shops are available. Martin Rise is also near to Fort Canning Park where pubs and restaurants are aplenty in the area. Your family and love ones can also enjoy a short hike at the park which also lead to Fort Canning Service Reservoir. For buyers looking for more dining options, Martin Rise is located near to the F&B outlets at Robertson Quay. River Valley Primary School which is a highly sought after academic institution is also located next to Martin Rise at Martin Place.
It is also noted that Martin Rise has a height restriction on the plot of land. The maximum storeys can that be built is 30 and there is also some height restrictions of 20 storeys on certain section of the development. There is also a max unit allocation of 450 units for Martin Rise. The bidding price on the plot of land also meant that the breakeven pricing for the developer is around $1,800psf to $1900psf and Guocoland could be launching Martin Rise at around $2,200psf. Interest for the development will preview soon and the price list and TOP Date is yet to be announced. The showflat viewing date will be available soon.
Martin Rise Tender First Bedok Land
Guocoland has advised that they are not in a rush to launch the project. This will be a project that carry Guocoland’s trademark for lush and quality residential projects and the timeline to launch the project could be around in 2018 or later in 2019. It is also note that sentiment might improve for Core City Centre projects in 2019 thereby putting more focus on the iconic project at Martin Place. Based on the Government Land Sales Programme, there is also a lack of city centre new projects and the outlook for Martin Rise will be better if the project is to launch later.