HomeBuyAll1RMD07 - Beach Road / Bugis / Rochor1 Bed Condo for Sale in Midtown Modern

1 Bed Condo for Sale in Midtown Modern

16 Tan Quee Lan Street 188144, Bugis, Central Region, Singapore

$1,520,000

Added 5 months ago
Beds: 1Baths: 1Area: 474 sqft
Above Market· 9.0% above market
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IMAGES GALLERY

Nearest MRT Station

Property Details

Property IDUgRyrezBsQdSisFJNnCm4x
PriceS$1,520,000
Property TypeCondo
StatusFor sale
Beds1
Baths1
Built Area474 sqft
PSF
S$3,207
Year Built2024
Furnished StatusUnknown

Description

Development Information

District & Area

D07 - Downtown Core

Nearest MRT

Bugis MRT · 2 min walk

Tenure

99 years

TOP Date

30 June 2024

Project Size

Medium (558 units)

558 units

Building Structure

2 Blocks, 30 Floors

Developer

Guoco Midtown II Pte Ltd/Midtown Modern Pte Ltd (Guocoland/ Hong Leong Holdings/ Hong Realty)

Unit Configuration
Bedroom Types1, 2, 3, 4, 5 Bedroom
Floor Plan Details

Midtown Modern has a total of 558 units, from 1 Bed - 1 Bath to 5 Bed - 7 Bath units. There are 36 types of floor plans from 409 sqft to 3,520 sqft.

Site Plan

Midtown Modern has 2 blocks and up to 30 storeys.

Development Facilities
ClubhouseGymJacuzziLap PoolLibraryLoungePavilionPlaygroundPondPool DeckSwimming PoolTennis Court

Loading Nearby Amenities...

Features & Amenities
Library
Pool deck
Jacuzzi
Gym
Clubhouse
Pavilion
Swimming pool
Tennis court
Pond
Balcony
Playground
Lounge
Lap pool

Location

16 Tan Quee Lan Street 188144, Bugis, Central Region, Singapore

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Mortgage Calculation

S$
20 yrs
410203035
75 %
1020406075
4 %
0.1123456

Mortgage calculation on 4% interest rate

S$ 0
Loan Amount (75%)
Downpayment (25%)
S$ 0
S$ 0
/month
Principal
S$ 0
Interest
S$ 0

Total Transactions

13

Average Price

S2.4M

Total Value

S30.6M

Sales Timeline

Home Report · AVM Fair Value

Automated Valuation based on 203 URA transactions · 6 outliers removed (IQR)

Fair Value

S$1.39M

S$2,942 psf

Asking Price

S$1.52M

S$3,207 psf

vs Market

+9.0%

Above Market

vs Last Done

+3.6%

Market Price

Tenure

97 yrs

99-year Leasehold · Balance remaining

Confidence

High

203 comps

High = 10+ comps
Medium = 5–9 comps
Low = <5 comps

Nearest MRT

Bugis

245m away · +3% premium

URA PSF Trendline vs Listing Price

Hedonic Adjustment Breakdown

Base URA PSF

203 comparable transactions

S$2,974

Floor Premium

0.5% per floor vs median

+0.0%

Tenure Decay

Bala's curve (99yr leasehold)

×0.941

MRT Proximity

Within 500m / 1km

+3%

AI Condition Premium

HELIOS scan of listing description

0%

Adjusted Fair Value PSF

S$2,942

Recent Comparable Transactions

10 shown · 203 total
Last Done

TAN QUEE LAN STREET

Jun 2025 · Floor 26-30

S$3,097 psf

+5.3% vs FV

1,066 sqftS$3,300,00099 yrs lease commencing from 2019

TAN QUEE LAN STREET

Jun 2025 · Floor 26-30

S$3,097 psf

+5.3% vs FV

1,066 sqftS$3,300,00099 yrs lease commencing from 2019

TAN QUEE LAN STREET

Jun 2025 · Floor 06-10

S$2,911 psf

-1.1% vs FV

904 sqftS$2,632,00099 yrs lease commencing from 2019

TAN QUEE LAN STREET

Mar 2025 · Floor 11-15

S$2,920 psf

-0.7% vs FV

904 sqftS$2,640,00099 yrs lease commencing from 2019

TAN QUEE LAN STREET

Mar 2025 · Floor 11-15

S$3,312 psf

+12.6% vs FV

721 sqftS$2,388,88899 yrs lease commencing from 2019

TAN QUEE LAN STREET

Mar 2025 · Floor 11-15

S$2,918 psf

-0.8% vs FV

904 sqftS$2,638,00099 yrs lease commencing from 2019

TAN QUEE LAN STREET

Mar 2025 · Floor 16-20

S$3,423 psf

+16.3% vs FV

409 sqftS$1,400,00099 yrs lease commencing from 2019

TAN QUEE LAN STREET

Dec 2024 · Floor 21-25

S$3,328 psf

+13.1% vs FV

721 sqftS$2,400,00099 yrs lease commencing from 2019

TAN QUEE LAN STREET

Nov 2024 · Floor 26-30

S$3,638 psf

+23.7% vs FV

409 sqftS$1,488,00099 yrs lease commencing from 2019

TAN QUEE LAN STREET

Nov 2024 · Floor 26-30

S$3,256 psf

+10.7% vs FV

1,808 sqftS$5,888,00099 yrs lease commencing from 2019

TAN QUEE LAN STREET

Nov 2024 · Floor 26-30

S$3,638 psf

+23.7% vs FV

409 sqftS$1,488,00099 yrs lease commencing from 2019
Below Fair Value
Above Fair Value
FV: S$2,942 psf

HELIOS AI Analysis

Based on 203 URA transactions (6 outliers removed), adjusted for: Tenure decay (5.9% discount); MRT Bugis 245m away (+3%)

⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.

Henry Lim

Henry Lim

HUTTONS ASIA PTE. LTD.

License: L3008899K

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