Midtown Modern's Developer
Midtown Modern will be developed by a trio of well-known Asian development companies, all collaborating to bring the world-class quality they are known to. A partnership of three GuocoLand developers and subsidiaries of Hong Leong Holdings, Hong Reality and Intrepid Investment sent the highest bid of S $ 800.19 to S $ 1,535.
This site has a maximum floor area of about 521,301 m2. The development is expected to accommodate up to 580 private residential units and commercial space. The maximum GFA for serviced apartments is 12,000 m2 and the total GFA for first-level retail spaces will not exceed 2,000 m2. The estimated break even price for the Midtown Modern website is about S $ 2,200 and the selling price is more than S $ 2,400.
Listed on the Singapore Exchange Securities Trading Limited since 1978, GuocoLand Limited ("GuocoLand") is a premier regional property company with operations in the geographical markets of Singapore, China, Malaysia, and Vietnam. In 2017, GuocoLand marked its expansion beyond Asia into the new markets of the United Kingdom and Australia through a strategic partnership with Eco World Development Group Berhad in Eco World International Berhad.
Hong Leong Group
Founded in 1963, Hong Leong Group proudly shares its birth with the nation of Malaysia. From its humble beginning as a building materials trading company, Hong Leong Group's entrepreneurial journey was charted alongside the industrialization and economic growth of Malaysia. With an unwavering commitment to quality, honor, and integrity, and its ability to identify and respond to the needs of a vibrant developing nation, Hong Leong Group's early years of growth was indeed built upon the strength of the nation.
Hong Leong Investment Holdings
Hong Leong Holdings Limited (HLHL) was established in 1968 as the privately-held property development and investment arm of the Hong Leong Group. As one of the pioneers of the real estate scene in Singapore, HLHL has since emerged as a major player in the property market, making it one of the most sought-after providers of a comfortable home. To date, it manages 8 commercial projects and has developed close to 100 residential properties, including a range of mid to high-end residential projects in some of the country’s most coveted neighborhoods.
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