South Beach Residences
The Best Investment with the Greatest View
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⭐️ WHY SHOULD YOU INVEST IN SOUTH BEACH RESIDENCES
🚉 2 Mins walking distance to Esplanade MRT, 9 Mins walking distance to city hall MRT, 5 minutes drive to the Central Business District
🛣️ 10 minutes to Singapore main shopping street of Orchard Road
✈️ 15 minutes to Changi Airport
🏫 Within 2km away from Margaret’s Primary School and Stamford Primary School
🏙️ Close proximity to Esplanade Theatres on the Bay, Marina Bay Sands and Gardens by the Bay. Shopping malls such as Suntec City, Marina Square, Bugis Junction, and Raffles City
🦥 Minutes to CBD and a direct link to Suntec Exhibition & Convention Centre
👍 Enjoy easy and convenient access to the rest of the city via major arterial roads, expressways and the Mass Rapid Transit System.
Introduction
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 |
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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Why would you invest in The South Beach Residences?
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
The List of Overseas Property Investment
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Location – The greatest Asset of the South Beach residences
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:
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
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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
South Beach Residence: a Center for Amenities and Entertainment
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:
Condos That Are Near to MRT Stations
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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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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.