TMW Maxwell offers 80 units, sells seven units in phase 1

The initial phase saw seven units sold at prices ranging from $1.5m to $2.5m.

TMW Maxwell has commenced the first sales phase at the former Maxwell House site, offering 80 units.

The initial phase saw seven units sold at prices ranging from $1.5m to $2.5m, equating to $3,143 to $3,739 per square foot (psf). The remaining units will be released in subsequent phases.

“Recent transactions of Midtown Bay and Midtown Modern in the city-fringe location already range $3,275 to $3841 psf. So, TMW Maxwell’s prices from $3,100 psf is very reasonable,” Marcus Chu, Chief Executive Officer, ERA Singapore said.

This innovative mixed-use project by CEL Development, Singhaiyi Investments, and Chuan Investments redefines the hybrid lifestyle by integrating home, office, park, and galleria.

ALSO READ: Buyer fatigue? LakeGarden Residences sells less than 25% of its units during launch

The TMW is convenient with connectivity, with 4 MRT Lines, 5 Parks, and 6 MRT stations within walking distance, including the nearby Maxwell MRT station.

“With more new projects to be launched in the next two quarters, I foresee the demand for TMW homes and retail spaces to gather pace along with a return in interest for properties in the Central Area, backed by future growth plans at Southern Singapore,” said Alice Tan, Head Consultancy, Knight Frank.

Designed by Formwerkz Architects, TMW features a single block housing three levels of commercial space and 324 apartment units spanning levels four to 20.

“We expect this concept to be well accepted by new homeowners,” according to Desmond Sim, Chief Executive Officer, Edmund Tie.

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