MIDTOWN MODERN
TAN QUEE LAN STREET · District 07 · 99 yrs lease commencing from 2019
Median Price
S$3.1M
Price Range
S$1.2M - S$14M
Tenure
Leasehold
Avg Rent
S$8.40 psf
What is the price of MIDTOWN MODERN?
The median transaction price at MIDTOWN MODERN is S$3,132,765, based on 218 URA-recorded transactions. Prices range from S$1.2M to S$14M. MIDTOWN MODERN is a leasehold development on TAN QUEE LAN STREET in District 07 (Golden Mile). High-floor units cost 36% more than low-floor units. Average rent is S$8.40 per square foot per month.
MIDTOWN MODERN Price Analysis
MIDTOWN MODERN is a leasehold development on TAN QUEE LAN STREET in District 07 (Golden Mile). According to URA transaction records, 218 private residential transactions have been recorded at this development, with a median price of S$3,132,765. Prices range from S$1.2M for the smallest units to S$14M for premium configurations.
The development offers units across 5 size categories. The most traded segment is studio (<50 sqm) at a median of S$1,472,130. Larger units (5+ bed (170+ sqm)) trade at S$14,000,000, reflecting the premium for additional space.
Floor level significantly impacts pricing at MIDTOWN MODERN. High-floor units (01-05) command a median of S$3,886,000, while low-floor units (21-25) sell for S$2,850,210. That is a 36% premium for higher floors, worth S$1.0M in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.
On the rental side, MIDTOWN MODERN commands an average of S$8.40 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 2.8%.
Price Trend
Median transaction price by contract month.
Source: URA Private Residential Property Transactions
Price by Floor Level
Price by Unit Size
| Size Band | Median Price | Avg Size | Transactions |
|---|---|---|---|
| Studio (<50 sqm) | S$1.5M | 40 sqm | 27 |
| 1-Bed (50-70 sqm) | S$2M | 61 sqm | 9 |
| 2-Bed (70-100 sqm) | S$2.7M | 91 sqm | 84 |
| 4-Bed (130-170 sqm) | S$4.6M | 152 sqm | 102 |
| 5+ Bed (170+ sqm) | S$14M | 304 sqm | 1 |
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What is the average price of MIDTOWN MODERN?
The median transaction price at MIDTOWN MODERN is S$3,132,765, based on 218 URA-recorded transactions. Prices range from S$1.2M to S$14M.
Does floor level affect prices at MIDTOWN MODERN?
Yes. High-floor units (01-05) sell for a median of S$3,886,000, while low-floor units (21-25) sell for S$2,850,210. That is a 36% premium for higher floors.
What is the rental rate at MIDTOWN MODERN?
The average rental rate at MIDTOWN MODERN is approximately S$8.40 per square foot per month, based on URA median rental data.
Source: URA Private Residential Property Transactions. Analysis by FairComparisons.