Midtown Bay Condominium Updates
: Various Layouts Available at Midtown Bay Mix Development in Bugis
29-Sep-2019: Have Any Questions? Contact Our Midtown Bay Developer Appointed Sales Team Hotline (+65) 6100-8687 For Further Assistance.
17-Aug-2019: Ideal Investment to capitalize on expansion of the Central Business District
14-July-2019: Check out the latest site plan and floor plans for Midtown Bay here.
11-Apr-2019: Upcoming Development located in the CBD by Guocoland.
Midtown Bay Project Information
|Project Name||Midtown Bay|
|Address of Development||Beach Road Singapore|
|Tenure||99 Years Leasehold Development|
|Site Area||226,249 sqft|
|Gross Floor Area||950,592 sqft|
|No of Blocks||05|
|No of Storeys||33|
|No of Units||219 Units|
|TOP||30 Dec December 2022|
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Location of Midtown Bay
Jcube Residence has been designed to provide a high standard of living and is set to complement the government’s plans to transform the area into a vibrant commercial and leisure hub. The development is expected to be a catalyst for further development in the area and is set to boost the housing supply in Singapore. The development is also set to be an attractive investment opportunity, as it is expected to generate attractive rental yields.
The development is also expected to benefit the local economy. The development will create jobs in the construction industry, as well as in the hospitality, retail and retail services sectors. This will help to create more employment opportunities in the area and increase the local economy.
Overall, Jcube Residence is set to be a major boost to Singapore’s housing supply and complement the government’s plans to transform the area into a vibrant commercial and leisure hub. The development will provide a JCube Residence high-quality living environment for its occupants and is expected to be a catalyst for further development in the area. It will also provide an attractive investment opportunity, as it is expected to generate attractive rental yields. The development is also set to benefit the local economy, as it will create jobs in the construction industry, as well as in the hospitality, retail and retail services sectors.
The Myst Condo is an upcoming residential project by CDL Aries, a joint venture between CDL, Hong Realty and Hong Leong Group. The development is set to be a luxurious and modern residential complex boasting excellent connectivity and accessibility, as well as ample green spaces for its residents.
The development will consist of two towers, with the higher tower reaching a height of 34 storeys. The entire development will have a total of 617 residential units, ranging from one to three bedroom units, as well as penthouses. All units come with quality finishes, and are fitted with quality appliances.
The development will also boast excellent connectivity, with the Bukit Timah Expressway, Pan Island Expressway, and major arterial roads all within easy reach. The development is also located close to the Beauty World MRT Station, providing convenient access to the city centre and other parts of the island.
The Myst Condo will also feature ample green spaces and recreational facilities, making it an ideal place for residents to relax and unwind. The development will have a swimming pool, gym, clubhouse, and a host of other facilities. There will also be a variety of landscaping features, including a meandering stream, gardens, and a central park. The central park will be the highlight of the development, allowing residents to enjoy the outdoors The Myst in a lush and tranquil setting.
The development also boasts of a number of transportation options. Residents of Tengah Plantation EC can enjoy easy access to MRT stations, buses, and taxi stands. This makes travelling in and around the area convenient. Additionally, a range of expressways are easily accessible from the development, allowing for easy access to other parts of the city and beyond.
Furthermore, Tengah Plantation EC is surrounded by a variety of shopping and dining options. From supermarkets to upscale restaurants, there is something to suit every taste. Residents can also enjoy a wide range of entertainment options, such as cinemas and karaoke bars.
Tengah Plantation EC offers a great investment opportunity. It is conveniently located, with easy access to amenities and transport links. The development also offers a unique and tranquil lifestyle, surrounded by lush greenery. With its attractive pricing, Tengah Plantation EC is a great choice for those looking to invest in property in Singapore.
Tengah Plantation EC is an ideal choice for those who want to Tengah Plantation EC enjoy a peaceful lifestyle, but remain close to all the conveniences that Singapore has to offer. With its great location, range of amenities and attractive pricing, the development is sure to be a hit with both investors and homebuyers alike.
Tengah Plantation Loop EC is located near the Bukit Batok MRT station, which makes it convenient for commuters. It also has a nearby hawker centre and supermarket. There is also a playground available for children. Despite its convenient location, Bukit Batok EC is not ideal for families who need a lot of parking space. West Mall Shopping Centre – Tengah Plantation Loop EC in Teng Ah is home to West Mall Shopping Centre, which houses many restaurants and cafes. There are also hotels and movie theatres. This is a great place for leisure and shopping. Tengah Plantation Loop Executive Condominiums – This brand new EC in Tengah Town, Singapore, will have 495 units. It will be a smart eco-friendly place to live. In addition to its 100-meter-wide Forest Corridor, it will also feature a 5-kilometer ecological pathway. The EC will include a smart city application for residents. This software system will help monitor utilities, centralised cooling, and other aspects of city life. The app will also educate residents on the benefits of energy conservation. It will also help them save money by reducing energy costs. A dedicated EV charging station will also benefit new residents. The EV charging station will double as a mobility tool, helping them transition to a lower carbon footprint lifestyle. Residents of Tampines EC will enjoy a convenient lifestyle, located near the Tampines MRT station. It is also close to the Tampines Hub and is close to a number of retail outlets. It will also be a good choice for those seeking employment. If you are thinking about buying a new home in the Central Business District, Bukit Batok EC by Qingjian Realty may be a great option. It is close to the MRT station and other amenities such as shopping malls and schools. Once fully developed by 2031, this development will be an ideal home for both couples and first-time buyers. If you are looking for a place to live in the city, you should definitely consider ECs in Bukit Batok. They are near the Bukit Batok MRT station and have excellent accessibility. The area has many amenities, including hawker centres and schools. It also has good access to public transport, making it an ideal place to live for families. The EC in Bukit Batok will be located near the Pan-Island expressway, making it accessible to many parts of the island. It is also near to major commercial areas and the Jurong East MRT station, making it a convenient choice for commuters. Its price tag is also affordable compared to other private condominiums in the area. The EC in Bukit Batok is expected to offer 375 to 400 units. The price tag is set at about $680 per square foot, or $261 million for a mid-sized plot ratio. It is also in close proximity to the Bukit Batok estate, attracting high buyer interest. Buyers will also appreciate the proximity to the Jurong East shopping centre, which is a popular shopping spot for Singaporeans. The EC is located in a prime location in Bukit Batok, near the Jurong East District and the new Jurong MRT station. It’s also close to a number of bus interchanges. It also has a good mix of retail stores and hawker centres. If you’re on the lookout for a good buy but can’t afford to pay the full amount up-front, consider buying an EC. These types of homes come with low maintenance costs and are an affordable alternative to private condos. They’re also a good option if you’re upgrading from a Housing Board flat. One of the most attractive features of ECs is that they are close to many amenities. Bukit Batok EC, for example, is just a short walk from an upcoming Jurong Region Line MRT station. It’s also close to three primary schools and several shops and restaurants. The Tengah EC, which is also located near the Jurong Region Line, is convenient to the city center and bus interchange. It has fully furnished units, an infinity swimming pool, and balconies overlooking greenery. Bukit Batok EC is one of the newer developments in Singapore. It’s near the Bukit Batok MRT station, Lot One Shopping Centre, and Jurong Lake District. Due to its prime location, Bukit Batok is expected to see a booming demand for residential units. Because of the limited supply of ECs in the area, prices have soared. In the first half of 2019, 33.4% of newly-built EC units sold for more than $1 million. By 2022, that figure will be closer to 96%. The EC in Bukit Batok is expected to offer 375 to 400 units. The price tag is set at about $680 per square foot, or $261 million for a mid-sized plot ratio. It is also in close proximity to the Bukit Batok estate, attracting high buyer interest. Buyers will also appreciate the proximity to the Jurong East shopping centre, which is a popular shopping spot for Singaporeans. The EC is located in a prime location in Bukit Batok, near the Jurong East District and the new Jurong MRT station. It’s also close to a number of bus interchanges. It also has a good mix of retail stores and hawker centres. If you’re on the lookout for a good buy but can’t afford to pay the full amount up-front, consider buying an EC. These types of homes come with low maintenance costs and are an affordable alternative to private condos. They’re also a good option if you’re upgrading from a Housing Board flat. One of the most attractive features of ECs is that they are close to many amenities. Bukit Batok EC, for example, is just a short walk from an upcoming Jurong Region Line MRT station. It’s also close to three primary schools and several shops and restaurants. The Tengah EC, which is also located near the Jurong Region Line, is convenient to the city center and bus interchange. It has fully furnished units, an infinity swimming pool, and balconies overlooking greenery. Bukit Batok EC is one of the newer developments in Singapore. It’s near the Bukit Batok MRT station, Lot One Shopping Centre, and Jurong Lake District. Due to its prime location, Bukit Batok is expected to see a booming demand for residential units. Because of the limited supply of ECs in the area, prices have soared. In the first half of 2019, 33.4% of newly-built EC units sold for more than $1 million. By 2022, that figure will be closer to 96%. This new HDB town is near the Tengah Garden Walk, which is a proposed car-free town centre. It has a modern architecture, fully furnished units, and balconies overlooking lush greenery. This EC is expected to fetch a price tag of S$311 million. In addition, it is located near three MRT stations and several restaurants. Tengah is near Jurong Lake District, Tuas Port, and Jurong Innovative District. This location provides its residents with easy access to work and play, which will also increase the price of their property. Moreover, the neighbourhood is located close to several educational facilities, including Singapore Institute of Technology. The new HDB town at Tengah EC is a millennial-friendly neighbourhood. It has a mix of contemporary living and historical architecture. It is a green town, with ample space, ample parking, and convenient public transportation. It is a good choice for anyone looking for a place close to the CBD. The new condominium development in District 23 of Singapore is Senja Close EC. This mixed residential and commercial development consists of 3 blocks of 23-storey residential apartments and ancillary facilities on the podium level. Senja Close EC features one and two-bedroom units with an average ceiling height of 3.15 metres. Other residential units in the complex include penthouse and SOHO units. The DT2 line starts at Bukit Panjang Station and stretches to Tampines Avenue, a popular shopping and entertainment district. The Senja Close EC has a family lifestyle mall in the same development. The complex will feature a supermarket, enrichment centres, health and beauty services, and a garden lounge. A swimming pool, tennis court, and gym will add to the residents’ well-being. The development’s proximity to the city center and shopping amenities will appeal to residents and investors alike. The community has an onsite management team to keep things running smoothly. The new development has a convenient location in Bukit Panjang, which is only 15 minutes’ walk to Newton and Novena. It also has easy access to the existing LRT and MRT stations and a fully-air-conditioned bus interchange. A full MRT station will be built nearby, and the building will be connected to the existing one by the end of 2015. The latest news on the Copen Grand EC Tender Bid by MCL Land and CDL is that all 12 education plots are located within 2 kilometers of the site. This project is being developed by City Development (CDL), a well-known developer in Singapore and the trusted name behind many residential projects. MCL Land, part of the Jardine Matheson Group under Hongkong Land Holdings, has extensive experience in residential development in Singapore, having previously worked on projects such as Sol Acres, Parc Esta, and Leedon Green. A joint venture between developers CDL and MCL Land is proposing to develop a new EC district in Tengah, Singapore. The proposed development will consist of twelve blocks of up to fourteen storeys and 620 units of EC apartments. The developer aims to achieve a BCA Green Mark GoldPLUS rating for the development. It is also within walking distance of three MRT stations and is within Orchard Road. Nearby amenities include Jurong East Shopping Centre and the Agri-Food and Veterinary Konsortium. This area is home to several landmark tourist attractions, public schools, and private facilities. It is also accessible via the Pan Island Expressway, which connects Jurong East to Bedok and Toa Payoh. It is also close to Changi Airport. The project is scheduled to be completed in the first half of 2019. In Tengah Town, there will be two ECs, https://www.bukitbatokec.sg/ and Bukit Timah, and a large shopping mall. Bukit Batok EC offers future-ready car-free living in a convenient location. The development is within walking distance to three future MRT stations on the Jurong Region Line. Other amenities near Tengah EC include schools and shopping malls. The Bukit Batok EC will have 375 units in a 99-year leasehold development and will be adjacent to other BTO projects such as West Scape, West Hill, and West Plains. This area will continue to enjoy strong demand for residential properties as a result of the development’s proximity to the Jurong Region Line. Its proximity to public transport means that it will be convenient to commute and work.
Midtown Bay Condo Mix Development at Bugis
Midtown Bay is a prestigious project developed by Guocoland which situated in the midst of beach road. Guocoland’s futuristic mid town suite is developed in n a prime location of the iconic Bugies and Suntec City with a host of amenities built within the community. The project is a joint venture between Guocoland and Guoco Group Ltd companies in a ratio of 70:30%. The beach road property was acquired by the collaborators at a valuation of $1.62 billion. The launch of this project is scheduled for the first half of 2019 with Grade A office and unblocked view. The amenities provided by mid town suite includes guard house, club house, indoor gym, function room, tennis court, a huge 50 meter swimming pool , sun deck, BBQ pits and children’s play ground.. Experience a lifestyle filled with allurement and enchantment in the plush localities of the Midtonw Bay. The famous Beach Road Police Station building which is located in the vicinity of Midtown Bay is considered as a heritage site and efforts are on to retain the site as a mark of Singapore’s modern history. Another development by Guocoland will be Midtown Modern which is located right on top of Bugis and will be an iconic development as well. Tampines EC is a prime residential area near Downtown and the Central Business District. The new developments offer superb views of the city and a functional space that is perfect for families. It is also near many amenities, including hospitals, shopping malls, and other amenities. The neighbourhood is ideal for working professionals and is close to schools, parks, and amenities. You can find a variety of condominium units and townhouses in Tampines EC. Located near the Expo MRT station, Tampines EC is a prime location for young professionals. The neighbourhood is home to many multinational companies. Residents can easily commute to work by using public transport. The diverse population makes it a great place to live in and work. The new development is expected to open its doors in April 2021. Those who wish to invest in a condominium unit should make sure to make an appointment to visit the upcoming Tampines EC development. Tampines EC is also located near to White Sands Shopping Mall. While many people in Singapore enjoy the convenience of living close to a large shopping mall, the White Sands Shopping Centre is a much better option. The location is ideal for residents who wish to be near the metro, but are also willing to spend some time outside the city. Its proximity to other major shopping areas makes it a convenient place for families with kids. The mall is also accessible by car, bus, and train. Tampines EC is near the Expo MRT station, which makes it easy to travel to work. In addition, this neighbourhood is home to several international companies. There are also 177 outlets for residents to choose from. This area is highly accessible via public transport, including the Downtown Line. With such a diverse population, Tampines EC offers plenty of amenities to attract residents. The amenities are second to none, and are sure to please any buyer. Tampines EC is conveninelty located near to Tampines MRT Station. The Tampines MRT Station is a busy place. It gets packed at times, especially during weekends and peak hours. The MRT’s new expansion has made room for shops, pedestrians and shoppers. While you can still get lost, you can find directions to the Tampines MRT Station using Moovit. The Moovit app is available on iOS and Android. Once you have downloaded the app, you can start using it to find the nearest bus stop or train station. The location is ideal for families, as it is within walking distance to the city centre. Residents can schedule walking time to get to school. There is also no need to worry about traffic or long queues for buses. You can also enjoy the scenic beauty of Tampines EC from your front porch. If you prefer to drive, there are several public transports near Tampines EC. It is important to take public transportation when commuting to the city center. There are also other shopping centres nearby such as IKEA Tampines for your home furniture needs. To celebrate the 75th anniversary of the Swedish brand, the IKEA Tampines outlet is offering meatballs for just $0.75. The promotion is limited to Ikea Family members and is available on a daily basis. Each plate can be purchased for just $1 and is available to the first 750 dine-in customers. Moovit provides free maps and live directions so you can find your way to the store in no time. Tampines EC is located near the Expo MRT station. You can easily commute to work by catching public transport. The area has excellent public transportation, making it a good option for working professionals. The area is near many schools, and you can enjoy the scenic landscape. Tampines EC is also located near to Centruy Square shopping maill. In July 1995, the developers of Century Square launched the project, and it officially opened on 25 November. The mall is the first shopping mall in Tampines. Its main attractions include a K-MART department store, a privately owned Century Cineplex (run by Shaw Theatres), and a Shop N Save supermarket. Later, the project was sold to AsiaMalls Management Pte Ltd. and is currently under renovation. Century Square Shopping Mall is a six-storey shopping mall in Tampines, Singapore. The mall opened in July 1995 and is adjacent to Tampines Mills. In addition to K-MART department store, the mall features a 100-seat cinema managed by Shaw Theatres, Food Junction, SAFE Superstore, and Shop N Save supermarket. In 2005, the mall was sold to AsiaMalls Limited, and it is undergoing renovations. Tampines EC is a residential district located near Tampines Hub. The master plan includes neighbourhood parks, an integrated transport hub, and improved access to MRT. The upcoming developments in this area are ideal for families with young children. This is a great place to raise a family. If you are a parent, you can even work from your home. You will be able to work from anywhere you want.
Midtown Bay Location Near to Shopping Centre and Suntec City
Guocoland’s mid town suite is located near some of Singapore’s renowned shopping destinations such as Bugis junction, Bugis+, Suntec City and marine Square. Esplanade park, a famous outdoor destination where families can spend quality time is also situated nearby to the condos of our mid town suite. Along with all these recreation centers, there are beaches and parks near our mid town suite for entertainment and relaxation. Thus making our Midtown Bay as being located in the midst of Singapore’s best shopping and recreation spots. Located within Central Business District, at the intersection of two key development corridors along Beach Road and Ophir-Rochor Road, Midtown Bay is a key connector between 3 office micromarkets – City Hall, Marina Centre & Bugis. Midtown Nay will rejuvenate the Beach Road by being the final critical piece of jigsaw that completes the transformation of the precinct and will redefine the leasing concept for Grade A office.
Midtown Suites Integrated Development by Guocoland Singapore
The integrated mixed development model of the Midtown Bay gives residents access to many MRT stations such as Bugis, city halls as well as Esplanade. The Esplanade MRT station is located on the circle line near our property. For occupants who frequent in buses there are several bus stations located at Nilcoll Highway and Beach Road. The Central Expressway and East Coast Parkway are a few of the many major roadways connecting Guocoland Midtown Bays with Singapore City. Access to education is not an issue as Midtown Bay is located close to some of Singapore’s elite and well regarded educational institutions such as Singapore Management University, School of the Arts (SOTA) and Farrer Park Primary School. There are many more such premier institutions which provide world class education situated at a commutable distance from our Midtown Bay. This paves way for your children to receive quality education.
Guocoland Developer for Midtown Bay Bugis
Midtown Bay Bugis is the latest project of Guocoland, a highly regarded real estate developer in Singapore. The property is situated near to Downtown Core. Property investment and development are the core business of the Guocoland. Its other business ventures include property management and hotel operations. The main objective of Guocoland is to achieve sustainability, development and scalability of its business in its primary market. According to the June,2017 financial reports Guocoland’s assets are valued at $8.96 billion. The business has developed 35 residential condos and integrated mix developments in and around Singapore. Around 10,000 houses and apartment units are developed by this project. Besides Singapore, Guocoland has invested substantially in China as well, with properties developed in some major cities of china like Tianjin and Beijing. one of the latest projects developed by Guocoland in Singapore is the Midtown Bay.
Projects by Guocoland Win Awards
Guocoland is a proud recipient of several prestigious national and internal awards for its outstanding contribution to infrastructure. The awards are a token of appreciation for the I high standard of innovation and development carried on by Guocoland over these decades International Property Award, Green mark Award, Asia Award and Building and Construction Authority awards are some of the accolades and honors presented to Guocoland. The company was incorporated in the year 1967 as a private limited company in Singapore. The company went public in the year 1978 and is listed in the SDX-ST ( Singapore Stock Exchange)index in the same year. The company ventured into investment holding business after successfully selling its first asset in 1986.
Projects and Investments by Guocoland Singapore
In late 1990 Guocoland started its property investment and development business. The development of a 99 year lease hold apartment house in Singapore was the first milestone achieved by Guocoland. Since then the developer has developed and leased 35 condominiums yielding around 9000 households. In the year 2002 the group floated a new venture Guocoland Limited to redirect its efforts towards property development. The company is currently the leader in the best property corporation index which is listed in the Singapore Exchange Securities. The asset value of the company as on 2015 stood at S$9.51 billion. Midtown Bay site was auctioned for sale under the Reserve List in the Government Land Sale Program and Guocoland emerged as the top bidder in this auction. Guocoland GLL prosper and GLL thrive, which submitted a top bid of $1,706sqft per plot ratio for the site location The land bid was a record as the per square feet value was higher than the neighborhood south beach and bugis alike.
Guocoland in the International Scene
Guocoland Group entered Malaysia in 2005 and Vietnam in 2006 respectively. This are among the global expansion plans of the company in to Asia. Locally the Midtown Bay is the latest project handled by the company. In 2017, Guocoland expanded in to Australia and the United Kingdom further expanding its reach in the property development business outside Asia. Guocoland Group is committed to provide high quality and innovative houses and apartments in the Singapore and the other world markets.
Midtown Bay Work Live and Play Concept by Guocoland
Midtown Bay is being developed by Guocoland at the beach road with the concept of “work-live-play” with amenities suited for business and tourism in Bugis. the unit bid of $1,706 submitted by Guocoland has set a new record for land value per square feet in the region and it purchased the Beach road commercial site for S$1.622 billion which was announced as the highest of the 5 bids received by the auctioning body. The tender had some mandatory requirements that were to be strictly followed such as minimum of 665,424 square feet must be restricted for office use given the total maximum permissible gross floor of 950,594 square feet. The remaining area can be used for hotels, served residence, residential or retail uses and there is a cap of 32,292 square feet for retail. The integrated development by Guocoland will be called the Guoco Midtown and will comprise of the hotel, commercial and residential compound of the development. Midtown Bays will be the name of the residential compound which will be located at the heart of Down Town Bugis. Midtown Hub will be an exclusive urban social club that incorporates the best of business and leisure, it is a place to connect like-minded people to create opportunities for collaboration, and ideas to thrive
Integrated Development with Commercial as well as Residential Units
The Chief Executive Mr. Raymond Choong plans to transform the district in to a business and tourism venue, the Guocoland Midtown Bay is a model community township property developed to support this initiative of work, live, play environment with the completion of the commercial site. Mr. Cheng Hsing Yao, the Managing Director of the Guocoland Group believes that the Midtown Bay has a lot of potential of becoming a model community for Singaporeans who believe in the concept of work, live, play. The vast commercial space offers opportunity to build a variety of amenities of international standards for its occupants. Guocoland’s Midtown Bay joins the list of other integrated development projects in Bugis such as Duo Residence, South Beach Residence which has garnered avid appreciation from both the business and residential communities. The township is located in a short range to many offices and shopping centers in Suntec City which includes the Suntec City Convention Center and different office towers where various international events are hosted. There are a plethora of places where families can enjoy such as whole range of food and shopping options and indoor playground for children at Suntec City.
Attributes of Midtown Bay Similar to Duo Residence and South Beach Towers
Guocoland’s Midtown Bay is being developed keeping the attributes of the hugely popular Duo Residence and South Beach Towers in mind. The plan to retain the old Beach Police Station is a part of Guocolands efforts to integrated mixed development of residential and commercial spaces at the iconic Bugis area. The high profile bid by Guocoland Group for the Midtown Bay property reflects the confidence of the developer in the property market of Singapore and the purchase consider with the company’s roadmap for future growth in the property market. The initial selling price is estimated to be $2200 to $2400 per square feet when it is commercial available for purchase.
Midtown Bay Residential Concept by Guocoland
Nicoll Highway has started witnessing a new trend of mixed integrated suites or the concept of “work-live-play” . Though this is not a new trend the recent spike has encouraged Midtown developers to develop suites on the lines of this latest trend. People find this style of suites to be more practical and helpful for their modern living standards. Now a days people prefer to relocate to residential or commercial places which offer basic amenities, which are near to office areas and good educational establishments along with recreational amenities. The Midtown Bays is built keeping in mind the safety of its occupants and a police station situated across the property in the beach road is of greater help in situations of emergency.
Midtown Bays close to Bugis Streets shopping Centre
Bugis Street is a popular destination for residents and tourists at Singapore. it is a place where are your shopping requirements can be fulfilled. It is not a street but a shopping mall. The name is inspired from the famous streets of old Singapore famous for their shopping complexes.
The Bugis situated near the famous ancient temple of Kawin and in front of the Alberts Center on Queen’s Street is situated close to the Midtown Bays located at Beach Road.
You can find all kinds of goods from traditional to modern goods available at affordable prices. This makes Bugis Street one of the most frequented shopping destinations in Singapore. From the traditional antiques to the modern gadgets everything can be found at Bugis Street. The second floor of the Bugis street is completely dedicated to Korean made products. It is called K Street. The best way to buy products at the Bugis Street is by bargaining as the prices quoted or requested generally is high and through bargaining we can purchase them at a considerably lower price.
Tender details for Guocoland’s Midtown Bay
After being awarded the tender for the land situated at Beach Road, Bugis. The Guocoland Limited wanted to build an interesting project which it called the Midtown Bay. The main intention of the Guocoland Limited was to build an iconic city center upholding the cultural values promoted by the group. It wanted to build a “work-live-play” style mix integrated development which is fast becoming a trend in Singapore.
Midtown Bay Integrated Development Competitive Bid
The site was auctioned on July 6th, it occupies an area of 88,313 square meter maximum approximately. This offer attracted many developers around Singapore out of which five interest parties placed their respective bids with the Governing agency. The tender closed after a month. The demand was due to its strategic location at the heart of Beach Road. Guocoland Limited won the bid beating the other four companies in fray. The bid created quite an impact in the Singapore property market for Guocoland’s record breaking quote of price per square feet for the property. Brasbasah which has many exquisite fine dining locations and hotels located near Guocoland Midtown Bay is an example of how upscale and prime the location is situated at the heart of the city. Bugis+ a famous weekend recreational destination for food and beverage enthusiasts is also located near Midtown Bay. Guoco Midtown’s retail concept and planning will leverage on the latest trends in food and lifestyle New-to-market concepts that create seamless user experiences that combine shopping, dining and entertainment
Guidelines for the planning of Midtown Bay
The term of agreement pertaining to the use of this site lays guidelines to be followed for the development of Midtown Bay at Beach Street. The guidelines permit the construction of two 45 storey towers at most. More than 70% of the available floor space of land can be utilized for developing office spaces. The remaining space can be developed as a residential or retail space such as hotels. The absence of prominent players like Capital Land and Keppel and CDL for this bid of the Midtown Bay site was surprising and four out of the five bidders were foreign developers. Midtown Bay by Guocoland was to be developed as a “work-live-play” based mix integrated development as per the promise of the Guocoland Group’s Managing Director Cheng Hsing Yao. As part of its place-making efforts to inject vibrancy, Guoco Midtown will introduce two main public squares named City Room and Market Place, on either side of the Seawater Street Seawater Street can also be closed to create a combined 60,000 sq ft space to host large-scale events that can accommodate up to 2000 people
Architectural Concepts and Designs for Guocoland’s Midtown Bay
To achieve the promised output Mr. Raymond Choong, the Chief Executive Officer of Guocoland outsourced the responsibility of the construction of Midtown Bays at Beach Street to Tanjong Pager Center. Guocoland’s Midtown Bays were built on the popular model of design plus efficiency along with sustaining the environmental attributes as their core architectural concept. The “work-live-play” concept of Guocoland was kept in mind while designing the suites to keep the cultural values of Guocoland Limited intact. Marine Bay and Kallang Basin are at a close vicinity to Guocoland’s Midtown Bays.
Why mix development are popular than other residential developments
The concept of integrating residential and commercial spaces in to one space is known as Mix Integrated Developments. The complex of a small building making a community or a single building, a city block are some common examples of Mix Integrated Development. Usually the first few floors of the building or complex are designed for commercial purposes and the rest of the building is designed as residential accommodation.
Benefits of Mix Integrated Developments
The availability of commercial spaces below the residential ones help the occupants of these residential spaces save time for fetching basic necessities from commercial establishments situated far away from the building. This saves time for the occupants. The developers get better value for commercial spaces than residential ones and adds more value to the occupancy residential space Guocoland Midtown Bay are built keeping this in mind and help its occupants save time and money drastically over time.
High Resale Value for Mix Developments
Properties such as Guocoland Midtown Bays which are located at strategic localities tend to be costlier for purchase. But, the cost comes with a whole lot of benefits as the property is situated near the MRT station and has road connections to major destinations of Singapore City which can be accessed through personal transport as well as public modes such as buses. Its proximity to premium educational institutions like upscale schools and colleges and important work spaces and recreational spots like shopping malls, food joints etc. The property is a valuable space as it saves travelling time to its occupants to reach their destinations as well as save money by cutting on transportation costs. The value of property gradually increases over time as the land value appreciates. Moreover, the option of renting the property after purchase will provide its owner consistent income throughout the year.
Academic Institutions and Schools near Guocoland’s Midtown Bay
One of the top most priorities of potential residents in choosing a residential space is its proximity to good schools and educational institutions. The daily task of shuttling to and fro by parents to drop and pick their child from schools or colleges consumes more time. Cutting down on this task will benefit both the kid to spend quality time at home doing his home work or playing with friends and the parents spend more time at work or at managing their household chores. Guocoland’s Midtown Bays are located at the heart of the city which makes it be situated at a close travelling distance to some of the premium educational institutions like Lasalle of Arts, Nanyang Academy of Fine Arts, INS World Institute, JCS Japanese Language School, City College Singapore, Boston Business School and Global School of Technology and Management to name a few.
Midtown Bay close to Country Clubs
Guocoland Midtown Bays is located at a prime location in Singapore. Its neighbors include the Bugis Beach Road and Suntec City which are premium upscale locations in Singapore. the residents of these upscale localities are generally cosmopolitan and affluent. This by default makes Midtown Bays be surrounded by many country clubs. This is an important criteria as affluent people tend to meet up with their peers at places such as country clubs to build their network and stay relaxed. The Raffles Town Club, Hollandse Club, Singapore Town Club, American Club, Tanglin Club, Singapore Polo Club, Civil Service Club at Tessensohn are some upscale country clubs located around Midtown Bays. These country clubs offer a variety of facilities such as F &B, Golf Course, Function Rooms, Swimming Pools to mention a few.
Lower Debt Ratio and Higher Stamp Duty
Retail and commercial mix development has gained popularity among the property investors in recent times as a viable asset class after the government’s cooling measures on property investments. The government’s decision to increase the stamp duty charges on second property from 7% to 12%, a raise of 5% has led to prospective buyers of second properties look at a lower quantum and freehold properties may be more expensive. since the quantum of Midtown Bay Condo at Beach Road will be low for second property investors as it is a lease hold development as the Midtown Bay is located in the prime office and retail space in Singapore, the demand for spaces will always be on the rise and a ready tenant base is always generated, once the project is completed. The amount of loans that are provided to clement property investor especially second home buyers are restricted due to the introduction of the total debt to service ratio.
Come and enjoy a life filled with peace and tranquility at Guocoland Midtown Bay Bugis. please refer to the Midtown’s site plan and floor plan for more details.