The M - Mixed Development

[Zetrio2006]

Midtown Bay is here.

Directly south-east of Shaw Towers

https://www.streetdirectory.com/sg/midtown-bay/122-beach-road-189770/113609_422774.html

 

[daheigou999]

Midtown Bay is here.

Directly south-east of Shaw Towers

https://www.streetdirectory.com/sg/midtown-bay/122-beach-road-189770/113609_422774.html

Also, generally we would consider Wing Tai to be a good developer right? Any thoughts on them?

 

[NiShiZhu]

Also, generally we would consider Wing Tai to be a good developer right? Any thoughts on them?

Just came back from Bugis Junction for dinner and drive pass M condo site.
Really like the location and the under 1 mil quantum.

For wingtai, can refer to tembusu as reference.

 

[1993newbie]

Just pass by the area from Chinatown. Really love the location honestly. Quantum is ideal . Just gotta wait for official pricing.

Also, generally we would consider Wing Tai to be a good developer right? Any thoughts on them?

 

[daheigou999]

Just pass by the area from Chinatown. Really love the location honestly. Quantum is ideal . Just gotta wait for official pricing.

My slight concern (for own stay) would be the no. of units within the small piece of land, which may be cramped

 

[NiShiZhu]

My slight concern (for own stay) would be the no. of units within the small piece of land, which may be cramped

On the flip side, if 552 units built within a 80,000 sqft of small piece of land, maintenance fee shouldn’t be too high I Guess

 

[1993newbie]

Adding on to your point, car park will be 261 lots so 50%.

Maintenance fee may not be high as it may exclude carpark fees.

On the flip side, if 552 units built within a 80,000 sqft of small piece of land, maintenance fee shouldn’t be too high I Guess

 

[daheigou999]

Adding on to your point, car park will be 261 lots so 50%.

Maintenance fee may not be high as it may exclude carpark fees.

Fair enough. But these CCR buildings usually depreciates faster / require more upkeep as there are more renters

Also, the commercial space is likely strata-titled? Usually in such cases, the tenancy mix is bad?

 

[kiatme]

The M has very limited 3 bedders, the rest are studio / 1 / 2 bedders, don't be fooled by the price quantum, could be for the low floor 6 story stacks only.

Location though is superb considering within 500m only got 3 existing projects and 2 new launches.

But this can be really tricky cause we don't know how will TQL design by like, TQL is also by guccoland, so it could very well mean they'll try to connect the mrt -> TQL -> midtown bay, the design of TQL have a chance of killing off the M.

I feel this project though is a must view

 

[NiShiZhu]

The M has very limited 3 bedders, the rest are studio / 1 / 2 bedders, don't be fooled by the price quantum, could be for the low floor 6 story stacks only.

Location though is superb considering within 500m only got 3 existing projects and 2 new launches.

But this can be really tricky cause we don't know how will TQL design by like, TQL is also by guccoland, so it could very well mean they'll try to connect the mrt -> TQL -> midtown bay, the design of TQL have a chance of killing off the M.

I feel this project though is a must view

Thanks for sharing the insights.
I don’t really look at all these design and connectivity details (by guccoland if any) because if I want to buy at that (Ophir-beach road) location, all these factors will become secondary and a “good to have” to me since the location itself there is already very vibrant, convenient and pack with amenities.
Thus, with all these new launches being almost on par in terms of locality, lowest quantum will take precedent over any other factors imo, especially if quantum is a huge 300k difference for similar size unit.

 

[daheigou999]

The M has very limited 3 bedders, the rest are studio / 1 / 2 bedders, don't be fooled by the price quantum, could be for the low floor 6 story stacks only.

Location though is superb considering within 500m only got 3 existing projects and 2 new launches.

But this can be really tricky cause we don't know how will TQL design by like, TQL is also by guccoland, so it could very well mean they'll try to connect the mrt -> TQL -> midtown bay, the design of TQL have a chance of killing off the M.

I feel this project though is a must view

The <$1m is definitely referring to the studio on the low floor building.

Saw the site plan, and that block is super cramped with 12 studios and 8 1-bedders on each floor. Doesn’t help that most studios face Middle Road directly

http://www.mysgprop.com/the-m-condo-middle-road/

 

[Wimsey]

The M Site Plan

Ya, agree that having so many units per floor seems kind of cramped. But mainly small units, looks like targeted more at working singles and young couples. So hopefully total number of residents per floor not that many.

The view of the M from the top makes it look cramped too, but the street level view looks better.

Basically three 20-storey high residential towers and one 6-storey high block. One level of shops, at ground level only. Here's a look at the M condo site plan. Managed to squeeze in a lap pool in the centre, but guess the selling point about this project is the location rather than facilities.

 

[daheigou999]

Ya, agree that having so many units per floor seems kind of cramped. But mainly small units, looks like targeted more at working singles and young couples. So hopefully total number of residents per floor not that many.

The view of the M from the top makes it look cramped too, but the street level view looks better.

Basically three 20-storey high residential towers and one 6-storey high block. One level of shops, at ground level only. Here's a look at the M condo site plan. Managed to squeeze in a lap pool in the centre, but guess the selling point about this project is the location rather than facilities.

Thanks for posting the images haha, never really figured how to do it

Floorplans could be a concern too. The 12 studios are extremely elongated and thin, while some of the 2 bedders (33) could have excessive walkway into the living room. Some units (32 and 38, 33 and 46) seem so close that you can even look into your neighbour’s room

I guess we can only wait and see. Heard from agent that some of the unit pricing could go as low as 2.2Xk psf? Presume this is for low-floor, road facing and larger units?

 

[Panerex]

Comparing The M vs Kopar, which will be a better investment, incorporating the need to pay ABSD?

 

[NiShiZhu]

Comparing The M vs Kopar, which will be a better investment, incorporating the need to pay ABSD?

Psf/price not out so quite hard to conclude.
Location wise I prefer the M.

 

[daheigou999]

Comparing The M vs Kopar, which will be a better investment, incorporating the need to pay ABSD?

Think M will yield better for investors, but I’m personally more interested in Kopar for own stay

 

[Darwinson]

What would be expected maintenance fees

 

[1993newbie]

$250-300 for the studio/1 bedder. Maintenance excludes carpark lot.

The studio floor plan similar to High Park studio but slightly bigger. Longer entrance walkway.

Will kaypo the showflat once open..

What would be expected maintenance fees

 

[Darwinson]

$250-300 for the studio/1 bedder. Maintenance excludes carpark lot.

The studio floor plan similar to High Park studio but slightly bigger. Longer entrance walkway.

Will kaypo the showflat once open..

Then for other condo can lower maintenance if don’t want carpark lot

 

[daheigou999]

$250-300 for the studio/1 bedder. Maintenance excludes carpark lot.

The studio floor plan similar to High Park studio but slightly bigger. Longer entrance walkway.

Will kaypo the showflat once open..

The studio floor plan is quite sad leh...