Midtown Modern


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Midtown Modern View Out to Garden

Last Updated :
24th February 2023

Midtown Modern Condo Latest Unit Sold :

#12-09 (1 Bedroom), #17-01 (2 Bedroom), #19-10 (2 Bedroom),
#16-01 (2 Bedroom), #12-07 (1 Bedroom), #15-01 (2 Bedroom),
#07-10 (2 Bedroom), #18-04 (1 Bedroom), #15-08 (1 Bedroom)

Guoco Midtown | Live, Work & Entertain

Launched in April 2019, the first phase of GuocoLand’s grand plan is to make Midtown Modern a part of Guoco Midtown, a $2.4 billion mega mixed-use development set to complete in 2022.  Located at the site of the former Beach Road Police Station, Guoco Midtown spans across a gross floor area of almost 1 million sq ft. featuring a 30-story office tower, a residential development Midtown Bay of 219-units of one- to three-bedroom layouts, 2 retail clusters, food and beverage stores, entertainment venues and public spaces.  In addition, a new pedestrian network will provide convenient access from Guoco Midtown to Bugis MRT, City Hall, and Marina Centre area making it an attractive location to live, work and entertain.

Midtown_Modern Connectivity

Midtown Modern | Live, Work, Play in the Garden

Following the launch of Guoco Midtown in 2019, GuocoLand unveiled the second phase of their grand plan for the Beach Road – Bugis district in August 2020 with Guoco Midtown Modern.  Seated on a residential site at Tan Quee Lan Street with a land area of 124,122 sq ft, this beautiful development features two 30-story residential towers, with over 500 luxury apartments comprising one- to four-bedroom layouts catering to singles, couples, and families.  Through an underground passage, Guoco Midtown will be linked and together both sites will have a combined footprint of 3.2ha and a maximum gross floor area of 1.5m sq ft.

Midtown Modern | Guoco Midtown | City of the Future

Midtown Modern – One of the major transformations unveiled in the URA Master Plan 2019 is the rejuvenation of the Singapore downtown area which includes Marina South, Rochor, Ophir, and Bugis area. 

Riding on the wave of transformation of the central area in Singapore, GuocoLand has taken on the role of the master developer in rejuvenating the Beach Road-Bugis area with 2 major developments, Guoco Midtown and Midtown Modern.  Being a successful pioneer in developing Guoco Tower, an unmatched embodiment of a vertical city that comprises a mix of commercial, residential, retail, hotel, and urban parks, GuocoLand continues to bring innovative transformation over the landscape of prime central areas of Singapore. 

Compared to Midtown Bay, Midtown Modern focuses on wellness and provides ample green spaces and a wide range of recreational facilities for its residents to relax and bond with loved ones.  Similar to Martin Modern which is developed based on the concept of living in a botanical garden, it carries the name “Modern” to signify the similar theme of living in the midst of beautiful nature and lush greenery. 




Proposed Residential Flat Development Comprising of 2 Blocks of 30 Story Apartments With Car Park And Communal Facilities And Commercial At 1st Story And Basement

No. Of Blocks


No. Of Storeys


No. Of Units


Site Area

11,530.8 sqm

Unit Mix

1 – 4 Bedrooms
2 Penthouses

Site Use


No. Of Car Parks

282 Car Park Lots (279 Car Lots & 3 Handicap Lots)

No. Of Lifts

4 Common Lifts
2 Private Lifts Per Tower


7 (CCR)
Planning Region: Downtown Core


16 Tan Quee Lan Street, Singapore 188144 (Resi South Tower)
18 Tan Quee Lan Street, Singapore 188105 (Resi North Tower)
20 Tan Quee Lan Street, Singapore 188107 (Commercial At 1st Storey)


Leasehold 99 Years Commencing 10 Dec 2019

Mukim Lot No.

01062X TS 12


Joint Venture Between GuocoLand, Hong Leong Holdings And Hong Realty

Developer License No.


Project Account No.

DBS Ltd for Project Account No. 003-700172-3-4 of Midtown Modern Pte Ltd and Guoco Midtown II Pte Ltd


ipli Architects
ADDP Architects LLP

M & E Consultant

United Project Consultants Pte Ltd

C&S Consultant

KCL Consultants Pte Ltd

Landscape Consultant

Ortus Design Pte Ltd

Interior Designer


Lighting Consultant

The Lightbox Pte Ltd

Main Contractor

Tiong Seng Contractors Pte Ltd

Payment Scheme

Progressive Payment Subject To Bank’s Approval


No Restrictions. Singapore Citizens, Singapore Permanent Residents And Foreigners Are Eligible To Purchase.

Expected Date Of Vacant Possession

3rd Quarter 2025

Expected Date Of Legal Possession

3rd Quarter 2026

Appliances & Fittings

De Dietrich, Toto, Vzug, Liebherr


24-Hour Security Guard


Midtown Modern Location

Whenever we hear of a condominium with a garden landscape in the city, the images that conjure up in our minds would be high rise buildings with sky gardens or vertical gardens adorning the walls of residential towers.  And we have seen many such residences all around the city. 


TypeNameArea (sqft)Available UnitsPrice From
1 BedroomA14099$1,487,000
3 BedroomC19046$2,729,000
4 BedroomD1 (PL)1,4427$3,868,000
D1-G (PL)1,4321$3,958,000
D2 (PL)1,46423$3,781,000
D2-G (PL)1,4421$3,876,000
D2-R (PL)1,4641$4,703,000
4 Bedroom PremiumD3P (PL)1,80822$4,693,000
D3P-G (PL)1,7332$4,868,000
5 Bedroom Duplex5BR-D3,6165$15,500,000


Midtown Modern Price – A Winning Twin Development

Midtown Modern Price – Located in the heart of Singapore’s downtown, Midtown Modern is a highly anticipated development by leading property developer GuocoLand and Hong Leong.  There have been a few developers that have launched mixed-use development in the city.  However, GuocoLand and Hong Leong are taking this concept to a whole new level with a pair of twin development, Midtown I and Midtown II, right next to each other.  

Midtown Modern Lobby

The total footprint of land size for both developments is an estimated 350,448 square feet or 3.25 hectare.  Following the success of GuocoLand’s first mixed-use development above Tanjong Pagar MRT station in Central Business District, Midtown I and II are all set to be another winning development.  With its advantageous location and the combined value proposition of Midtown I and Midtown II, investors and homebuyers can look forward to an attractive Midtown Modern Price and also a potential upside in the future. 

High Demand Limited Supply 

Due to the limited land parcels in the Beach Road-Bugis area, future owners can expect the possibility of upside potential to the Midtown Modern Price.  Over the past years, land prices in the vicinity have experienced strong growth.  The white site at South Beach was transacted at $1,069 psf per plot ratio in 2007 while the 80,300 square feet residential site with commercial at first story use at Middle Road was transacted at $1,458 psf per plot ratio in 2019.  

For the Midtown Modern site, GuocoLand and Hong Leong paid an estimated $1,535 psf per plot ratio.  As land is scarce downtown, it is expected that land prices will continue to climb.  As such, Midtown Modern will be an attractive choice to buyers who are looking to invest in a high growth location. 

Property Market Resilience Despite Pandemic

Despite the impact due to the pandemic, the property market in Singapore remained resilient as prices remained stable without any sign of slowing down.  And due to pent up demand over the circuit breaker period, the number of real estate transactions multiplied right after circuit breaker.  Furthermore, interest rates took a dive to record levels and the savings in interest payments motivated many buyers to make the commitment to invest in property.  With such unshakable confidence, the real estate market continues to lend steady strong support to property prices such as the Midtown Modern Price.

Based on the latest data by URA in January 2021, the local private property price index in Q4 2020 enjoyed a 2.1% increase compared to Q3 2020.  At the onset of the circuit breaker, many homebuyers have been sitting on the sideline, expecting property prices to plunge due to the economic downturn.  But to everyone’s surprise, despite the huge economic impact, prices of private property enjoyed a healthy increase of 2.2% for the year 2020 compared to 2.7% in 2019.  Thus, the market is expecting the Midtown Modern Price to take advantage of the positive market momentum and show forth stability and resilience.  

Based on URA data, prices of non-landed properties rose by 3% in Q4 2020, compared with the 0.1% increase in Q3 2020.  For the whole year of 2020, the pricing for non-landed properties grew by 2.5% which is higher than the growth of 1.9% in 2019.  Despite 2020 being a year of economic challenges, the property market held its grounds and continued to grow.  

Furthermore, developers also took advantage of the market’s confidence and continued to launch new projects at price levels that echoed the positive market sentiments.  As such, homebuyers can expect the Midtown Modern Price to reflect the growing optimism in the market outlook.

Rising Private Home Prices in Central Core Region

For the Core Central Region (CCR), the Q4 2020 private home prices showed a growth of 3.2% despite the year-long pandemic crisis.  Similarly, the price index for the Rest of the Central Region (RCR) and Outside Central Region (OCR) also showed growth trends of 4.4% and 1.8% respectively.  With this upward trend across all regions in the midst of the pandemic, property buyers can be assured the Midtown Modern Price will be equally resilient to the different market factors ahead. 

From the 2020 URA data, we can observe that the local property market has deep foundations and it was not easily shaken through the market crisis, unlike other industries.  This firm foundation is a result of many government interventions over the decades.  And during the Covid-19 crisis, this foundation was truly put to the test.  Despite the gloomy forecast by buyers and sellers, the property market proved to be resilient.  With this, investors local and abroad are assured that not only the Singapore market but Midtown Modern Price will be able to weather the unforeseen circumstances ahead.

Some of the regulations that have contributed to the foundation of Singapore’s property market include the Seller Stamp Duty.  This policy was introduced to curb property speculation and discourage buyers from selling their property within 3 years of purchase.  With this policy, buyers can no longer conduct speculative transactions as the stamp duty payable is as high as 12% of the selling price.  With such regulations, investors and homeowners of Midtown Modern can be assured there will not be rampant speculative activities that may adversely impact the Midtown Modern Price.

Secondly, to discourage buyers from over-stretching themselves to own properties beyond their means, the government introduced the Total Debt Servicing Ratio (TDSR) which limits the monthly installment payment for housing loans to 60% of the buyer’s earnings.  As a result, the housing loan quantum is right-sized to match the buyer’s ability to service the required mortgage obligations.  This is to help reduce the incidence of firesale and avoid negative impact to the Midtown Modern Price.  

Lastly, to curb property hoarding, buyers who plan to own more than 1 residential property would be liable to incur additional buyer stamp duty.  For Singapore citizens, the second residential property would attract an additional buyer stamp duty of 12%.  All these regulations in place over the past years, it has helped Singapore property to stabilize and reduce the possibility of property prices taking a nosedive during an unforeseen economic crisis such as the times when SARS hit Singapore in 2003. 

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