Two-bedder at The M sets new psf-price high of $3,245

January 6, 2023


The M is a 522-unit development on Middle Road in the Bugis district. The project is nearly fully sold, with a cumulative take-up rate of 95% as of November 2022.

Among the condominiums that hit a new psf-price high from Dec 3 to 27, 2022, The M by Wing Tai Holdings topped the list when a 592 sq ft, two-bedroom unit that fetched $1.92 million ($3,245 psf) on Dec 24.

The previous record high at the development had been set by the sale of a 764 sq ft, two-bedder for $2.44 million ($3,193 psf) in October 2022.

The M is a 522-unit development on Middle Road in the Bugis district. The project was launched over the Feb 22–23 weekend in 2020, shortly before Singapore’s “circuit breaker” measures to combat the Covid-19 pandemic kicked in.

However, despite concerns over the virus at the time, the project performed well in its initial sales phase, and more than 360 units (70%) were sold at an average price of $2,450 psf. The developer attributed the positive response from buyers to the central location and attractive overall design of the project.

More at: https://www.edgeprop.sg/property-new...rice-high-3245