Straits Times – Private home prices jump by 3.1% in first quarter of 2018
Singapore is experiencing the benefits of an increasing number of real estate developments after being on the slump for a long time in the earlier 2010’s. Almost all these projects have a strong selling point or a special feature that makes them unique to the market. Such is the case of the South Beach residences.
The project is being built on a piece of land located near 38 Beach Road that spreads over 3.5 hectares of surface parceled by well-transited routes surrounding the area. The land was purchased over by Singapore’s City Development Limited (CDL) and IOI Properties, a business conglomerate that has a deep role as landlords of high-end properties across the island.
CDL and IOI acquired the lot back on 2007 for $1.70 billion with tenure of 99 years on their leasehold. The project was developed shortly, and construction was concluded back in 2016. The total cost of the complex was $3 billion, and the result is a mixed development with a South and North towers that have very different features on each one of them.
|Project Name||South Beach Residences|
|Description||190 premium residential units from levels 23 to 45|
|Address||Beach Road, Singapore 538672|
|Developer||South Beach Consortium Pte Ltd|
|No. Of Units||190 Units|
|Unit type||2 / 3 / 4 bedroom and Penthouses|
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Invest In South Beach Residences With Confidence
The special location of the South Beach Residence at the seaside limits of the city, the property boasts 190 residential units with the most diverse amenities, a 5-star hotel, and over 500,000 square feet of the most luxurious space offices offered across the nation. The magnificent view of Marina Bay will offer easy access to conserved land where no further real estate developments will be built.
The project has already gathered the attention of investors all over the world because of the involvement of extraordinary French designer Phillippe Starck who was brought in by the CDL and IOI to give the project an edgy design full of daring and unconventional features combining green spaces with architectural wonders that mesh on a single unique ambiance.
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The City Hall MRT station located close to the South beach Residence.
Not only does the South beach Residence give their residents and tenants access to a number of amenities and businesses that are specially positioned to make keep them provided and entertained. There are also a couple of well-reputed educational institutions that could make things very easy for working parents to keep their kids close to their work site.
St. Margaret’s Primary School and the Stamford Primary School are located within 2km near the South beach residences.
Saint Margaret’s Primary School, one of the two nearest institutions close to the South beach residences.
Since South beach residences are located in the heart of Singapore, there are not many options for conventional schools to set shop since the price of land in this area is very expensive, even so, there is still room for certain tertiary schools such as the Singapore Management University in Raffles city just three bus stops away from the project.
The other noticeable education outlet near the Residences is the Nanyang Academy of Fine Arts located on the Beach road near Bencoolen and Waterloo Street. The rest of the institutions are international schools that only attend a specific audience.
One important piece of information regarding location: the South Beach residences are 30 minutes away from the nearest airport by car. The Changi airport can be reached from the project by taking a train at the City Hall MRT using the east-west
The original conserved military buildings of the old Beach Road Camp were restored for retail and hotel-related uses such as function rooms.
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