MIDTOWN MODERN
UrbanLens Analysis
MIDTOWN MODERN commands $3,135 PSF -- 52% above what District 07 typically fetches ($2,069 PSF). Bugis MRT sits just 219m away (3-min walk), a clear connectivity win.
Prices are up 9.9% over two years, reflecting genuine buyer interest without bubble-level exuberance. 33 transactions over two years gives deep liquidity and reliable pricing signals. For context, CITY GATE has gained 3.8% over the same period.
Roughly 92 years of lease remain. That is comfortably long -- no financing haircuts, no CPF restrictions, no urgency to the timeline. Gross yield of 3.3% tracks the CCR average of 3.0%. At $7,233/month median rent, income is market-rate -- neither a standout nor a weakness.
The 558-unit scale means deep amenities and low per-unit maintenance, but mass listings during market dips can weigh on pricing. In the Core Central region, buyers expect premium finishes and brand cachet -- any shortfall directly impacts resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| AUREA | $2,860 | — | 0.0% |
| DUO RESIDENCES | $2,224 | 3.6% | +2.7% |
| CITY GATE | $2,124 | 2.8% | +3.8% |
| CONCOURSE SKYLINE | $2,013 | 3.4% | +4.8% |
| THE M | $2,645 | 4.1% | -7.8% |
PSF Trend
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