Overall, based on the factors analyzed, The M Condo scores an impressive rating of 8/10. It is strategically located near major amenities and transport hubs, offers unique co-living/co-working spaces that differentiate it from other condos in its class, and has strong potential for both resale and rental yield as well as long-term appreciation potential given future planned developments in the area.
The M Condo has a leasehold tenure of 99 years which is standard for most new condo projects in Singapore. While it does not offer the long-term security of freehold tenure, it is still highly sought after due to its location, amenities, and design features that make it an attractive place to live.
The M Condo is situated in District 7 and has excellent connectivity to major transport hubs with Bugis, Esplanade, Bras Basah, City Hall and Promenade MRT Stations all within a short 4-7 minute walking distance. It is also surrounded by major commercial developments and malls like Bugis Junction and Suntec City that make for a vibrant retail scene. Many schools are also located within convenient proximity.
According to URA’s Master Plan, the area where The M Condo is located has been designated as a mixed-use zone with plans for future growth and development of commercial and residential properties. This bodes well for its long-term appreciation potential.
Sale PSF Price
The indicative PSF range for The M Condo is $2,128 – $3,277 which is relatively higher than average prices in the OCR but falls within the RCR category. However, it offers unique co-living and co-working spaces that differentiate it from other condos in its class and may justify its premium pricing.
With a prime location near major transport hubs and commercial centers such as Bugis Junction and Suntec City Mall, The M Condo has strong potential for resale given its likely appreciation over time based on these factors as well as market conditions and upcoming developments in the area such as Guoco Midtown II located just next door.
Based on current market trends, condos in Singapore have an average rental yield ranging from 2-4%. While the exact rental yield for The M Condo is not available, given its prime location and unique co-living and co-working concept, it is likely to command a premium rental rate above average rates in the area.
The M is a medium-sized development consisting of 522 units located at 38 Middle Road, in the Downtown Core District (D07). Developed by Wing Tai Holdings, The M offers a range of studio, one-bedroom, two-bedroom, three-bedroom apartments and sky units. The development has an innovative co-living and co-working concept, with flexible spaces that cater to various lifestyle needs. It also offers smart home technology for maximum convenience for its residents.
One of the most significant advantages of The M’s location is its accessibility to public transportation. The development is situated within walking distance to five major MRT stations – Bugis, Esplanade, Bras Basah, City Hall and Promenade – providing convenient access to all parts of Singapore. This makes it ideal for working professionals who need to commute regularly. Additionally, the development is surrounded by various amenities such as shopping malls like Bugis Junction and Suntec City and popular eateries along Arab Street which are only a few minutes away. However, being situated in the heart of the city also means that it can get crowded during peak hours.
The M’s apartments come in a variety of sizes ranging from studios to three-bedrooms. Each unit is designed with practicality in mind with ample storage spaces available throughout the apartment. Additionally, The M’s hallmark provision of flexible work-live-play spaces in each home ensures that residents can tailor their living space according to their needs. The smart home technology provided in each apartment adds another level of convenience for residents.
Based on indicative prices from property portals as of September 2021, price ranges for units are between $962k and $2.54 million with an indicative price per square foot ranging from $2,128 to $3,277 per square foot depending on the size and type of apartment selected.
Overall, The M seems like a good investment opportunity if you are looking for a well-designed, innovative development located in the heart of the city. With smart home technology and flexible spaces, The M offers its residents ultimate convenience and comfort.
Its proximity to public transportation and various amenities makes it ideal for working professionals looking to live in a bustling environment. However, as with any development, it is essential to weigh up the advantages and disadvantages carefully before making a decision that suits your lifestyle needs and budget.