he new condo at middle road was successfully bidded over by Wing Tai Holdings on a price tag of $492 million or $1,458 per square foot per plot ratio (psf ppr). There are 10 bidders for this prime land parcel at Bugis. MCC Land (Singapore) joint venture with Greatview Investment bidded $1,393 psf ppr, followed by a joint venture between City Developments and MCL Land, another involving GuocoLand, Intrepid Investments and Hong Realty and a solo bid from Far East Organization. JBE Development placed the lowest offer of $351.96 million or S$1,043 psf ppr.
The M at Middle Road land parcel spans 80,334 sq ft with a plot ratio of 4.2. The M will be classify into 2 zones: the low-rise one that can go up to six storeys, and a high-rise zone of up to 20 storeys, comprising 522 units with commercial on the ground floor.
The M architectural building design will take into the modern lifestyle needs of home buyers and residents by creating fresh and exciting living space to the urbanites who desire to live within the central area, and being part of vibrant and cosmopolitan culture.
https://www.condosglaunch.com/properties/the-m/
