Straits Times – Private home prices jump by 3.1% in first quarter of 2018
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|
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.
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
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