GuocoLand launches Midtown Bay on Oct 5

View from some of the units at Midtown Bay (Credit: GuocoLand Singapore)
In an unprecedented move, property developer GuocoLand has decided to open the sales gallery of its latest residential offering, Midtown Bay, for public preview and for sale on the same day, that is Oct 5.
Midtown Bay is a 33-storey, residential tower that forms part of GuocoLand’s $2.4 billion integrated development, Guoco Midtown, located on Beach Road. The 219 residences at Midtown Bay are made up of a mix of one- to three-bedroom apartments with sizes from 409 to 1,324 sq ft.
The development is marketed jointly by Edmund Tie, ERA Realty Network, Huttons Asia and PropNex Realty. It is said to be the only residential project within an integrated development in the CBD to be launched this year.
GuocoLand purchased the Guoco Midtown site, which is a 2.1ha commercial site in a Government Land Sale (GLS), for $1.62 billion in October 2017 jointly with Guoco Group. The development for this site is planned for completion in 1H2022.
In September this year, GuocoLand also won the GLS site on Tan Quee Lan Street located directly across Beach Road for $800.19 million. GuocoLand’s joint-venture partners for the Tan Quee Lan Street GLS site are Hong Leong Holdings’ subsidiaries, Intrepid Investments and Hong Realty.
Midtown Bay will be plugged into the vibrancy, convenience and abundant facilities at Guoco Midtown, an integrated development that will boast a total built-up area of 950,600 sq ft once it is completed in 2022 (Credit: GuocoLand Singapore)

Expanded Guoco Midtown

With the Tan Quee Lan Street GLS site, GuocoLand will be able to enlarge the Guoco Midtown area by 50% to 3.2ha and bring total gross floor area to 1.5 million sq ft. The Tan Quee Lan Street site will feature luxury residences that cater to families who want a CBD location, says Cheng Hsing Yao, GuocoLand Singapore group managing director.
The new project at Guoco Midtown is expected to draw an additional 10,000 visitors to the Beach Road area when completed.
Excluding the Tan Quee Lan Street site, the upcoming Guoco Midtown is largely...