Guoco Midtown Deveopment to add Housing Retail and Office Spaces to Beach Road District

Highly Anticipated A new mixed-use development found in the Beach Highway district, Guoco Midtown, will offer you 200 residential systems and 770,000 sq ft of work place when it is completed found in the first one half of 2022.

There will also be more than 32,000 sq ft of retail space, which spans two storeys, in a creation that is aimed at rejuvenating the district.

Unveiling the concept and style of Guoco Midtown about Monday (Apr 22), developer GuocoLand stated the project will "redefine people spaces and improve street life".

"Although Guoco Midtown is a good mega mixed-advancement, it really is unlike most such developments that often comprise podium blocks.

"Instead, street level buildings and public areas have been designed to the human being scale," explained GuocoLand, adding that ground floor restaurants could have alfresco dining spilling in to the two large sheltered public areas.

"An internal road - called Seawater Street - has got been created, flanked by public areas and low-rise retail and eating places."

A number of community places will allow public activities and events to be placed, the developer added.

The former Seaside Road Police Station, a three-storey conserved building, is a portion of the advancement as well.

The 99-year leasehold property parcel was sold for S$1.62 billion in 2017, which translates to about S$1,706 per square foot per plot ratio.

The project is the hottest in group of recent advancements in the Seashore Highway district, following a completion of South Beach front and Duo.

"The name Guoco Midtown represents GuocoLand’s vision for the area to end up like the Midtown areas in lots of capital cities around the world where there is an exciting mix of shopping, culture, entertainment, amenities and prime corporate offices," said the developer.
GuocoLand added that it is introducing a "new leasing principle" which allows companies to expand or contract their clubs without having to move or renovate their primary offices.

Fifteen per cent of the office net lettable spot has been reserve for these kinds of “flexible and adaptable spaces”, it said, to focus on companies with "dynamic business necessities and shorter organization cycles".

It added that you will see two floor surfaces for tenants to create “innovation laboratories” or perhaps experimental start-ups.

The 30-storey office tower includes amenities such as a 40m pool, a jogging circuit, a skygarden as well as an outdoor gym.

More details of the home segment will be announced in the next half of this year.