It is noted that despite the coronavirus that has since spread in January this year, The M at Bugis has sold more than 300 units today indicating that despite the recent spread in the virus, many buyers are still keeping a lookout for core city development properties that have huge capital upside and The M is one of them. This is because The M is located at Bugis and with prices that start from less than $1.0M making the new launch a very attractive pricing to enter from. More details on Midtown Gardens near to The M can be found here. Midtown Gardens is by Guocoland.
Analyst are surprised that new launch sales has attracted so many buyers given that there is now global uncertainty with regards to the virus. But property agents note that The M is located in the mature estate of Bugis where there are many attractions and eateries and therefore are very looking forward to owning a brand new development in the core city centre. The average selling price is more than $2,400 to $2,500 psf but The M features many extensive amenities to cater to the residents.Singapore’s District 7 may soon enter “unchartered territory” and unseat District 9 as the country’s most prime residential area given the wide range of amenities in Bugis. Bugis is changing from a “history-rich, predominantly commercial precinct” into a “hip and vibrant civic district” where many cosmopolitan individuals stay at and mingle and climb the social ladder.
Analyst also note that the good sales in The M is highly sought after and may set the trend to see more residential units will be for sale. District 7 looks set to become the most expensive residential district in Singapore and may surpass district 09 Orchard. District 7 has the essential attributes such as shopping and eateries for a good residential property purchase – culturally rich, high rentability and potential for capital appreciation.