MIDTOWN MODERN UNIT MIX
Midtown Modern Unit Mix
The Midtown Modern Unit Mix offers 4 main types of configurations ranging from 1-bedroom to 4-bedroom units to cater to the different needs of home buyers. With this comprehensive selection of layouts, the Midtown Modern Developer is able to fulfil the different requirements for single residents to small families and even multi-generational families.
The 1-bedroom units which make up an estimated 30% of the Midtown Modern Unit Mix are very appealing to investors. The development offers 4 different layouts for the 1-bedroom units and investors who are seeking low quantum units to maximize their investment yield should consider the compact 1-bedroom unit without the balcony. With the optional balcony, buyers can choose the layout that best suits their needs and budget.
Located right above the Bugis MRT Interchange which serves 2 major MRT lines, Midtown Modern undoubtedly will be well sought after by many potential tenants who are working in the city. Though there are other residences located downtown, however the unique nature resort living experience at Midtown Modern will be very enticing to those who desire nature and tranquillity when they return home from work.
For tenants who are working in other regional workplaces such as One-North Business Park, Paya Lebar Regional Centre, Changi Business Park and Jurong Lake District, commuting to work would be hassle-free via the East-West MRT line which travels directly to all these regional workplaces. For the eastern part of Singapore, Paya Lebar Regional Centre and Changi Business Park are only 4 MRT stops and 9 MRT stops away on the East-West line respectively.
Similarly, for western Singapore, One-North Business Park and Jurong Lake District are 9 and 12 MRT stops from Bugis MRT Interchange respectively. And for those who are working within the Central Business District, Raffles Place and Tanjong Pagar are only 2 and 3 MRT stations away respectively. With such a great pool of ready tenants, it is no wonder that Midtown Modern Unit Mix has a higher percentage of 1-bedroom units.
Besides veteran investors, the younger generation is becoming savvy in property investment and they are motivated to buy their first private property at a younger age. In the past, they may not consider buying any property until they are planning to get married. This growing trend could be due to higher income levels and also their exposure to knowledge in investment and wealth generation. It is very common for their first property to be an HDB BTO (build to order) or a resale HDB unit. For singles, there is an age criterion to be 35 years old and above in order to be eligible to own an HDB home.
As a result, there is a trend amongst young singles or couples to invest in private property as their first home. As such, these trends play an influential role in the Midtown Modern Unit Mix so that the development is able to meet the needs of its future residents.
As smaller families are becoming more prevalent in Singapore, the 2-bedroom units are popular with young couples or small families. Firstly, the unit has a spacious master ensuite and a good-size common bedroom. The overall unit is spacious and functional, every inch of space has been well utilized without any wastage.
Secondly, younger buyers may feel more at ease as they are buying what they need at this juncture of their lives. With all these considerations, the developer has dedicated approximately 25% of the total units for the 2-bedroom layouts in the Midtown Modern Unit Mix. There are 3 types of 2-bedroom layouts which are ideal for young couples or small families.
One of the larger 2-bedroom layout in Midtown Modern Unit Mix consists of 2 bedrooms, 2 bathrooms and a storage room. Depending on the needs of the residents, this storage room can be converted into a utility room, a study room or a helper’s room. Another advantage of this layout is that the dining and living area is located in the centre of the unit, flanked by the master ensuite and a common bedroom. The key benefit of this layout is that there is no wastage of space as there are no corridors outside the bedrooms.
Despite its location in the city, Midtown Modern is a great choice for families. With its location above Bugis MRT Interchange, there are ample good schools that are easily accessible from the development. Through the Downtown Line, the popular Anglo-Chinese Primary School is only 3 stops from Midtown Modern and Singapore Chinese Girls Primary and Secondary school is 4 stops away. Other reputable schools along the Downtown line includes Raffles Girls Primary, Hwa Chong High School, Nanyang Girls School, National Junior College, Pei Hwa Primary and Ngee Ann Polytechnic. With such convenient connectivity to all these good schools, it is no wonder that both the 3-bedroom and 4-bedroom units make up an approximately 45% of the Midtown Modern Unit Mix.
There are a total of 3 different layouts for the 3-bedroom units which makes up approximately 25% of the Midtown Modern Unit Mix. The 3-bedroom configurations include a spacious living and dining area that opens up to a good-sized balcony that provides a lovely venue for alfresco dining or a place to sit back and enjoy the breathtaking views of the city after work. For larger families, they can also consider the 4-bedroom and 4-bedroom premium units which make up an estimated 20% of the Midtown Modern Unit Mix.
These units come with private lift access and offer ample space throughout the unit so that the whole family can enjoy the comfort of the additional living space. The 4-bedroom premium offers both the dry and wet kitchens to provide greater functionality and space, especially for large households. In addition, the master bedroom includes a large walk-in wardrobe and a cosy balcony where you can enjoy the city view in the comfort of your bedroom. Besides these additional features, the 4-bedroom premium layout also includes a spacious utility area and a home shelter which can double up as a storage room.