Preview day at The M sees many buyers looking for a unit at the new development by Wing Tai Holdings. The M is a new development located at Downtown Bugis and is highly sought after by real estate investors. Almost 350 units were sold at The M and most of the units sold at the M are the smaller units with the studio and 1 Bedroom units highly popular among investors who are looking for a unit in the core city centre. Please see neighbouring Midtown Gardens location which is located right at the doorstep of Bugis.
The majority of buyers are in their 30s and 40s, comprising both owner-occupiers and investors. This demonstrates that home buyers have confidence in The M and in the precautionary measures we have taken to protect them from any spread of COVID-19. Such sales result is very good news not just for the developer of The M, but the industry as a whole as buyers still remain upbeat about the real estate market. We have not seen such good pace of sales for a core city centre new launch in the past year. Besides its location and design of the overall project, The M’s home/work concept resonated well with investors, many of whom bought the small units to rent out or for own stay.
Wing Tai note that they are encouraged by the response of buyers who are snapping up the units at The M and also the fact that property buying remains Singaporeans favourite past time and that core city centre developments remain highly popular. The prime location of The M in the Ophir-Rochor Corridor attract investors and homebuyers was the work-life (home/work) concept and reasonable pricing.
The M consist mainly of studio, 1 and 2 Bedroom with 3DK units available as well and therefore there are buyers who are buying a 2nd unit for own stay. As of booking date, all the studio units are sold and most of them are investors looking to rent out their studio unit right at the heart of the city. There are also a couple of 1 Bedroom units left with 2 Bedrooms still available for buyers to choose. Despite the new coronavirus, Wing Tai have announced that Property Prices are unlikely to drop given that there is still a core demand for smaller units in the core city centre. Sales at The M is also contributed due to luxurious finishes and super duper Smart Home System.
Hundreds of Buyers already secure their units today as they know surrounding new projects are already selling at an average of $2900ps. The idea is not to miss this opportunity before the VVIP discounts are taken away by Wing Tai Holdings. One of the unique highlights of The M is that there is Traffic light to Bugis Junction and MRT Interchange and a vverhead bridge to Suntec City Convention and Shopping Centre making it one of the most convenient new launch developments. It is no wonder why almost 350 units were sold on launch day with the smaller units almost fully sold. The M Sales Gallery is at Prinsep Street and parking is available at Sunshine Plaza