Even though the city centre is the most developed part of Singapore today, the government is striving to rejuvenate (and expand) Singapore’s CBD to keep it competitive and vibrant. The stakes are high, in Singapore’s quest to be the top global financial centre. Under the URA Master Plan 2019, parts of the traditional CBD such as Anson Road, Cecil Street and Tanjong Pagar will offer an increase in gross plot ratio (GPR) for the conversion of existing office developments to hotel and residential use. In addition to the scheme, the URA also wants to increase the Central Area’s live-in population and is planning for more integrated developments (mix of residential, office, retail and/or hotel) in the increasingly seamless Downtown, Marina Bay and Beach Road/Rochor corridors.
Eventually, D1, D2 and D7 may gradually form the Greater CBD area (bordering the Greater Southern Waterfront), and will increase in vibrancy and hype – as the government’s incentives and action plans gradually unfold over the next decade.
*** Midtown Bay ***
Guoco Midtown (of which Midtown Bay is the residential component) is a proposed new mixed-use development that comprises premium Grade A office space, public and retail spaces, residential units, and the former Beach Road Police Station, a conserved building. It is located within the Central Business District, at the intersection of two key development corridors along Beach Road and Ophir-Rochor Road, and will be served by four MRT lines and Nicoll Highway, as well as the North-South Expressway in the future.
Guoco Midtown is expected to rejuvenate Beach Road by being the final critical piece of jigsaw that completes the transformation of the precinct. Eventually, D7 may join D1 and D2 to form a “Greater CBD” as the government’s Master Plan incentives and action plans to rejuvenate the City Centre gradually bear fruit.
*** South Beach Residences ***
South Beach Residences is the residential component of the iconic integrated development South Beach. It spans from 23rd floor upwards to 45th floor. Sitting atop the 5-star luxurious 654-room JW Mariott Hotel Singapore South Beach, residents can get to enjoy the special privileges from JW Mariott Hotel Singapore, as part of the South Beach Residential Services.
In addition to South Beach Residences and JW Mariott Hotel Singapore South Beach, South Beach also comprises of 4 conservation buildings – the former non-commissioned Officers’ Club Building and part of the former Beach Road camp, one 510,000 sqft office tower, a 32,000 sqft of retail space on street level and basement which offers a wide choice of coffee joints, cafe, restaurants and pubs.
Stategically located in the Marina Bay, each residential unit offers an unparalleled panoramic sea and / or city view which showcases some of the best architectural masterpieces that dot the waterfront, such as The Esplanade Theatres by the Bay, Marina Bay Sands, Gardens by the Bay and the Singapore icon – Raffles Singapore.
Mike Tan | CEA Regn. R059706Z | 98280030
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