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District 07 · Downtown Core · CCR

Midtown Modern

Tan Quee Lan Street · Apartment · 99 yrs lease commencing from 2019

Current PSF
$3,041
+47.5% vs district median
Gross yield
3.4%
median rent $6,250/mo
3-year gain
3.3%
Transactions · 5y
197
14 in last 12 months
Nearest MRT
Bugis Mrt Station · 140.602m
DTL,EWL
Future MRT
Bright Hill Mrt Station
CRL · 2030
Vs local HDB
-
Area income
$18,750/mo median
mixed zone
En-bloc potential22 / 100
7 years old · composite of plot use, age, tenure, value gap & size
Lease decay92 years left
worth 95.0%of freehold today (Bala’s Table) · loses ~3.2pts of freehold value over the next decade
Tenanted
100%
units with active leases
Rent momentum
-
latest 2 qtrs vs year ago
Sub-sales
70.4%
flip ratio, last 24 months
Price spread
9%
PSF dispersion within project
3D →
Tan Quee Lan Street, District 07 · 1 km P1 ring · mrt · food · park · mall · health · zones: parks, commercial, reserve - hover
The neighbourhood
Food
Queen Street Blk 270 (Albert Centre) · 438m - 3 hawker centres within 1km
Green
War Memorial Pk · 698m - 5 parks within 1km
Mall
Suntec City Mall · 356m
Health
Raffles Hospital (hospital) · 299m

Who lives in Downtown Core

Census of Population 2020 · planning-area aggregates · SingStat via data.gov.sg

Residents
3,190
Median age
42 yrs
45% under 40 · getting younger
Children 0–9
220
▲ 0% since 2015 · future P1 demand
Household size
2.2 avg
Homes
19% HDB
72% condo · 0% landed
Degree holders
67%
residents 15+
Commute
38% transit
13% drive
45 min+ to work
7%

The neighbourhood, photographed

freely-licensed photographs taken within ~450 m · Wikimedia Commons

Bugis Station Downtown Line platform 16 05 2024(1)LN9267 · CC BY-SA 4.0
DT14 Bugis MRT Platforms 20220605 150927ZKang123 · CC BY-SA 4.0
Bugis Station concourse 11 11 2023(4)LN9267 · CC BY-SA 4.0

The launch, by the record

developer sales + new-sale caveats · URA - the numbers a brochure won’t print

Sold to date
558 / 558
100% taken up · 25 '05
Median price
$0k
$0k$0k band
Unit sizes sold
1066 sqft
4093272 sqft range
Still available
0
units unsold
Take-up over time · cumulative units sold
558024 '0724 '0924 '1125 '0125 '0325 '05
What actually sold · by strata size (sqft)
409887
37
8871365
81
13651843
102
18432321
0
23212799
0
27993272
1

What the record shows

The early buyer’s position

Buyers who bought from the developer in 2021 paid an average of $2,743 psf (69 sales). At today’s $3,041 psf, they are up 11% on paper.

The floor premium

Over the last 3 years, units on the 10th floor and above transacted at a median $3,086 psf - 10% above units on floors 1–5 ($2,809 psf).

Price trend average PSF by year

2021
$2,743
2022
$2,859
+4.2%
2023
$3,018
+5.6%
2024
$3,321
+10%
2025
$3,042
-8.4%
2026
$3,119
+2.5%

Rental by bedroom

BedroomsMedian rentRental PSFYieldContracts
1BR$4,300/mo$9.563.8%76
2BR$5,600/mo$8.623.4%83
3BR$7,500/mo$7.142.8%64
4BR$12,000/mo$6.492.6%23

Recent transactions URA, latest 10

DatePriceArea (sqft)PSFFloor
May 2026$6,008,8881,808$3,32306-10
Apr 2026$1,200,000409$2,93416-20
Feb 2026$1,300,000409$3,17806-10
Jan 2026$3,240,0001,066$3,04026-30
Dec 2025$3,198,0001,066$3,00106-10
Dec 2025$2,648,000904$2,92911-15
Dec 2025$1,300,000474$2,74511-15
Nov 2025$3,185,0001,066$2,98916-20
Nov 2025$2,680,000904$2,96411-15
Oct 2025$3,150,0001,066$2,95611-15
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Grounded in this project’s data - yield, en-bloc, lease, nearby condos.

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More in District 07

The HDB blocks next door

The entry point, measured: what the resale flats around Midtown Modern actually sell for - this project trades at 3.2× the nearest block’s PSF.

Data: URA private residential transactions & rentals (5-year window, updated weekly), data.gov.sg, OneMap, LTA DataMall. PSF and yield figures are computed from actual transactions and rental contracts - not estimates.
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Data: URA, HDB & SingStat (via data.gov.sg), OneMap © SLA, LTA DataMall, MOE - used under the Singapore Open Data Licence.