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South Beach Residences
The Best Investment with the Greatest View
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Introduction
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 $3 billion, and the result is a mixed development with a South and North towers that have very different features on each one of them.
| Project Name | South Beach Residences |
|---|---|
| Description | 190 premium residential units from levels 23 to 45 |
| District | D7 |
| Address | Beach Road, Singapore 538672 |
| Expected T.O.P | 2016 |
| Developer | South Beach Consortium Pte Ltd |
| Tenure | 99 years |
| No. Of Units | 190 Units |
| Unit type | 2 / 3 / 4 bedroom and Penthouses |
| PSF ($) | TBA |
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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.
A night view of The South Beach residences, the development features two new towers, 45-stores high and 34-stores tall, one housing luxury hotels and apartments, the other offices and retail space
The imposing view on one of the many apartments located on the South Beach Residences
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Why would you invest in The South Beach Residences?
Summarizing an answer to this question is really easy after taking a first look at the project: The first one is the great natural sea view offered on nearly every angle of the property. The second one is the easy access to public transportation since the project is just shy from a ten-minute walk from the Esplanade MRT station and the third reason is that the location is surrounded by heritage land that does not allow further developments near it.
If we take a direct approach to our analysis and go further in our research, we can also notice the South Beach Residence is truly a luxury development offering a competitive property that will surely have costs measured to their relative high-end location.
While the residences offer living spaces with a wide range of units that go from basic 2-bedroom options measuring 968 sqft to large penthouses of 4 bedrooms measuring 5,629 sqft, the true mettle of the property is the hotel area and the spaces destined to commerce.
Many reviewers such as Alan Barr, the managing director of Greymatters have already stated that while the apartments offer some of the most luxurious high-end finishes he’s ever seen, is the Hotel area the one that can easily entice any investor who is looking for something unique. South Beach Residences has already earned two Green Mark Platinum Awards for their innovative use of green spaces and microclimatic canopy technology used to harvest rainwater as well as the use of lenticular cells and solar panels to convert sunlight into electricity to power at least 50% of the facilities.
The developers managed to overcome the difficulties of making the building look too obscure and darkened by the eco-friendly technology under the advice of Professor Chong Ken of the Singapore University, who works on the Department of Technology and Design Architecture and Sustainable energies. The projects surrounding the South beach residences include the development of almost 40,000 sqft of retail space destined to expand the offering of mall centers and other businesses. Initiatives such as the creation of a high-end gourmet court food rest on the lap of the developers pending approval. Established brands have already leased 14,500 sqft, so if you are looking for a prime location for a startup, this is the right place.
Overall, the best reason to invest in South beach residences could very well be for business interest rather than housing but no matter the angle it seems that each way is a reliable investment option. At least according to Professor Prem Shamdasani, from the National University of Singapore Business School who believes that with the right marketing the residence could become a “Destination Location” for passersby who wish to enjoy the Marina Bay area.
Also Read: Property Taxes in Singapore
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Location – The greatest Asset of the South Beach residences
As we previously stated, the South Beach Residences are located in the 38 Beach Road on Singapore, the site construction area cover approximately 37,6300 sqft and the main feature of the project are the North and south towers located dead center with a front view to the Marina Bay area of the island.
The soaring 34-store North Tower houses nearly 500,000 sqft of grade-A space offices, at least 70,000 of that space has been lent by airplane business juggernaut Boeing and Social Media darling Facebook to set up their main base of operations on the locales.
The imposing 45-store South Tower is home to the South Beach luxury hotel, the outlet as already managed to acquire the 5-star rating offered by the local ranking authority. The main residences will be located in this very same building starting on the 23rd floor and up to the 45th.
The property is directly connected with Suntec City, a commercial project spanning 5 additional towers just across the street in the Nicoll Highway. Both projects will be connected at ground and underground levels.
The retail outlet is primed to offer a number of services that will make the people circling through the South Beach Residence feel guarded and provided at all moments. Restaurants, cinemas, grocery stores, fast food courses and general shops will be at close reach with just a walk across the street.
Here is an overview of the locations of the South Beach Residences and the businesses surrounding the project:
In the next graphic, you can see an overview of the South Beach Residence aerial location, showing the current state of the construction site as well as the general aspects that make the project an inviting investment when it comes to secure sources of amenities, transportation, and the Marina Bay view advertised to potential investors.
Even with the offering of retail space for entertainment purposes offered by Suntec City, the South Beach residences will have their tenants and property owners covered with their own retail spaces inside the residence covering at least 37,000 sqft inside the property.
South Beach residences will also have easy access points to nearby transport stations such as the Esplanade and City Hall MRT. The accessible public transportation will bring closer the general public to the residences and the people who work on site by having an east-west line connecting with the north-south line that takes people directly to the Orchard and the Marina Bay area
The 3.5-hectare land parcel is bounded by Beach Road, Bras Basah Road, Nicoll Highway and Middle Road, and is located next to Esplanade MRT station
Here is the accurate web location of The South Beach residence walking distance to the Esplanade MRT. As you can see, the distance can be covered by a steady peace in less than 2 minutes.
In this other graphic, you can appreciate the distance that has to be covered by walking from the City Hall MRT to the South Beach residence. The distance can be covered in 8 minutes tops.
In this graphic, you can get a glimpse on how close the South Beach Residences are to bus stops and the routes that will bring you directly to them.
The Esplanade MRT station located near the South beach Residence
South Beach Residences near to City Hall MRT
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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.
The Stamford Primary institution, another school with a well-regarded reputation near 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.
Also read: Buying your Second Property in Singapore
South Beach Residence: a Center for Amenities and Entertainment
As we mentioned earlier the South beach residences developed a partnership with Suntec City to offer a good number of services near the main location, but the residences on itself can offer a great deal of entertainment on their own grounds.
For starters, all residents have the chance to enjoy any of the beautiful sky gardens designed by Philippe Starck who infused contemporary sensibilities with ecological designs to offer a unique look and an opportunity to commune with nature in an exclusive way.
The project has a number of green technology-based features that make it stand out as one of the most eco-friendly real estate options out there. The extravagant features such as the video walls featuring animated graphics on the lobby areas also don’t hurt in the innovation department.
All the residents will surely enjoy the panoramic views offered by their own housing units, but they can also have access to shopping services that work on-site to deliver groceries, meals or any other form of service to their doorsteps.
There is more than one choice to indulge in a serious number of different options since the residences also offer high-end services in the form of concept stores, luxury restaurants and world-class theaters where you’ll be able to enjoy the latest cinema releases or stage plays. Big events can also take place on location since the plans include a big convention center for special occasions.
With the added amenities found outside location, the South Beach Residences are a world-class location that is alive at all hours of the days with many pubs, bars and entertainment centers offering their services at walking distances. The easy access to the Marina Bay and all the entertainment locales found on it makes riding to nearby locations such as Clarke Quay pointless.
Here is a gallery of some of the best amenities found near the South beach residences or on it:
Infinity pools located on the highest-end apartments and Hotel rooms on top of the North tower
Chijmes, also known as the Convent of the Holy Infant Jesus Middle Education School, this historic building complex in Singapore began life as a Catholic convent. The building is located at Victoria Street in the Downtown Core, within the Central Area, Singapore’s central business district.
Cold Storage is a popular supermarket chain store in Singapore, owned by Dairy Farm International Holdings. The multinational also operates three other supermarket brands in Singapore and Malaysia. The chain was the first to offer its merchandise online back in 1997. They currently attend 15,000 customers daily on each locale.
Fair Price, a supermarket chain based in Singapore and the largest one in the country. The company is a co-operative of the National Trades Union Congress or NTUC. The group has 100 supermarkets across the island.
Marina Square, one of the first shopping mall in Singapore which opened in the 80’s. It is part of the first building complex built on the reclaimed land at Marina Centre. For a while, it was the largest shopping mall in the country at the time. The complex currently houses three hotels.
Privé is a casual café and bar with alfresco options offering meals at all hours of the day. The restaurant is located in the heart of Chijmes and serves up simple and approachable favorites from day to night.
Wakey is a relatively new concept Cafe developed by the team behind Strangers’ Reunion. The locale is currently in a soft launch phase offering a bright and spacious setting and enticing meals that are very pleasurable on the eye.
One of the meal servings offered at Fika Cafe, the locale takes their name from a social term used in Sweden to refer to break time and enjoying coffee with good companionship
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The main location of all planned features offered in the South beach residences can be appreciated on the stage by stage explained sitemap. The project as presented on these images is the most updated version planning process being developed for every space, as well as the proposed location of all the structures, facilities and amenities as well as a little historical reference of the locale:
The four conservation buildings compromise three 1930s army blocks (Blocks 1, 9 and 14) and the former NCO Club built in 1952. The old concrete buildings were given conservation status in 2002 due to their rich historical and architectural significance.
The development features two brand new buildings, one 45-stores tall and another 34-stores high; the complex is designed to house hotels, business offices, and household spaces. The original military-issued constructions of the Beach Road Camp have been remodeled to be used as retail space and lodging uses.
South Beach Residences were conceived by an architectural team on the Foster and Partners agency, at the request of the developers they applied eco-friendly technology such as the canopy filters strategically covering open spaces on the structure.
The new integrated development offers a mixture of low-rise conservation and medium to high rise buildings for commercial and hotel uses. The Urban Redevelopment Authority of Singapore required the developers to set aside at least 40% of the space for office use, and at least 30% of the space must be for hotel rooms.
The first store is laid out with internal streets and passages aimed to enhance street-level life and to allow residents and passersby to move easily. There will also be a special convention center that can hold 500 guests at all moments and a green axis from the basement MRT station exit to multi-tiered gardens.
At the present moment neither the Singapore’s City Development Limited, nor IOI Properties have released a floor plan for any of the apartments units advertised for the residences when further information becomes available the article will be updated with it. The only information released at the moment is the measure of each unit according to the number of bedrooms available on each one. The proposed list goes as it follows:
| Number of Units Available | Number of Bedrooms | Measures of the unit |
| 88 | 2-bedrooms | 968 – 1647 sqft |
| 61 | 3-bedrooms | 1,733 – 2,260 sqft |
| 35 | 4-bedrooms | 2,282 – 2,627 sqft |
| 3 | 3-bedroom penthouse | 3,581 – 5,048 sqft |
| 2 | 4-bedroom penthouse | 4,127 – 5,629 sqft |
| 1 | 5-bedroom penthouse | 5,768 sqft |
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The team behind South Beach Residences is a joined business venture formed by Singapore’s City Development Limited (CDL), and IOI Properties. Both companies have a reputation as well-established holders of real estate properties in Singapore who perceived the great potential to be exploited on the Beach road Camp housing historical buildings.
For both companies, this was a strategic location back in 2007 when Singapore was an emerging city. The property boarded the civic district and offered easy access to a good number of road, expressways and MRT stations. In a move that is very common for quite a number of real estate companies these days, each firm decided to join efforts to place a winning bid on the property instead of facings against each other.
Both companies have been heavily criticized for taking their time on the development and launch of the Residences, but given the jointed partnership cash flow and the 99-year lease, they have on the location. They have stated more than once that they rather prefer to work out all the details to perfection to launch the sale of apartment units, They currently taking leases for business units and office space.
The South Beach Residences Pricing and Payment Schedule
No information has been released about the pricing of the apartment units advertised on the project, but CDL and IOI have already turned down a $26 million offer for the 5-bedroom Penthouse from a private customer citing unsuitable conditions for the construction.
The South Beach Residences Gallery
A night view of The South Beach residences, the development features two new towers, 45-stores high and 34-stores tall, one housing luxury hotels and apartments, the other offices and retail space
Front view of the final stages of the project
A Panoramic view of the Marina Bay Area from the top floors of the South Beach residences
A Panoramic view of the Marina Bay Area from the top floors of the South Beach residences
One of the many commercial areas inside the project, the block layout features alleyways reminiscent of the nearby Seah Street area. It will also feature sunken courtyards, tiered gardens lined with shops, food courts, and other business outlets.
The inner views of the apartment units and the hotel rooms available on the South Beach Residences.