Name: Midtown Bay (residential component of Guoco Midtown)
Tenure: 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)
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 official launch in Sep/Oct 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.
In Q3 2019, Guocoland also won the GLS tender for the neighbouring plot of land (residential with commercial on 1st storey) at Tan Quee Lan St for $800m. While Midtown Bay caters to urbanites by blurring the lines between home and office, the Tan Quee Lan St site will focus on family-sized and larger units.
Guoco Midtown (together with the neighbouring Tan Quee Lan St plot) is expected to rejuvenate Beach Road by being the final critical piece of jigsaw that completes the transformation of the precinct. It sits squarely at the heart of the government’s ongoing transformation of the Beach Road / Rochor-Ophir Road corridor (click here for details). 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.
BT 1 Oct 2019: Guocoland’s Midtown Bay condo to open for booking on Oct 5
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
Mike Tan | CEA Regn R059706Z | 98280030
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