(GUOCO) MIDTOWN BAY

MY CONDO REVIEW

Guoco Midtown 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.

In June and July 2019, the developer (Guocoland) gave a series of agent briefings for Guoco Midtown (of which Midtown Bay is the residential component) — ahead of Midtown Bay’s private preview planned for end July, and its official launch in Sep 2019.   The official launch is intentionally timed to coincide with the upcoming results of a GLS tender for the opposite plot of residential land at Tan Quee Lan Street which will be announced in Sep 2019.

During the briefings, there was a palpable sense of excitement about the possibility of yet another iconic landmark in Singapore’s city centre.  This development may turn out to be in the same class as Guoco Tower and the neighbouring South Beach integrated development, perhaps even better?    This is because the developer has taken the insights learnt from these 2 earlier mixed-use developments in conceptualising Midtown Bay.

Straddling between the Bugis MRT vicinity developments on one side, and Suntec City / Marina Centre developments on the other side, Guoco Midtown will provide the seamless connectivity between these 2 precincts.  In future, it would be possible to walk from Guoco Midtown via an underground pedestrian link to Bugis MRT and Bugis Junction (via DUO Residences), and also possible to walk to City Hall MRT and Raffles City via an overhead link to Suntec City and then making use of the underground CitiLink Mall connection.

In addition to its excellent connectivity, residents at Midtown Bay will have easy access to the facilities / amenities at Guoco Midtown, including free membership (for a limited period) at the latter’s WeWork-type offices.  To serve the tenants in its office complex, Guoco Midtown will have its own lap pool and jogging track.

Guoco Midtown is expected to rejuvenate Beach Road by being the final critical piece of jigsaw that completes the transformation of the precinct.    Eventually, I see D1, D2, and D7 forming a “Greater CBD” as the government’s Master Plan incentives and action plans to rejuvenate the City Centre gradually bear fruit.


PROJECT DETAILS

Project Name:  Midtown Bay
Tenure:  Leasehold tenure of 99 years from 2018
Address: 122 Beach Road
Expected T.O.P. Date: 2022
No. of Storeys: 33 storeys
No. of Units: 219 units

Types of Units
1 bedroom – 107 units (409 – 527 sqft)
2 bedroom – 72 units (732 – 775 sqft)
2 bedroom duplex – 32 units (990 – 1152 sqft)
3 bedroom duplex – 8 units (1324 sqft)

NEWS

ST 3 Oct 2017:  GuocoLand wins Beach Road commercial site tender with $1.622 billion top bid, plans to build ‘work-live-play’ project

ST 26 Nov 2018:  GuocoLand starts work on Midtown project on Beach Road

ST 2 Dec 2018:  New Shaw Tower to blend in with Ophir-Rochor makeover

ST 29 Mar 2019:  URA tenders Tan Quee Lan Street site

BT 21 Mar 2019:  Ongoing makeover adding value to Beach Road’s commercial markets

ST 22 April 2019:  Guoco Midtown to jazz up Beach Road and feature new flexible leasing concept

BT 22 April 2019:  GuocoLand to debut flexible leasing concept at Guoco Midtown on Beach Road