Trophy homes with a view

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A peek at South Beach Residences – a luxury project coveted by the rich, discerning and well-travelled

South Beach Residences previewed on Sept 8, timed to coincide with the Singapore Grand Prix 2018 the following weekend. Within a fortnight, more than 20 units were sold, including the 6,728 sq ft, super penthouse that fetched $26 million ($3,864 psf).
Panoramic view from a high-floor unit at South Beach Residences (Credit: South Beach Consortium)
In November, South Beach Consortium, a joint venture between City Developments Ltd (CDL) and IOI Group, held a roadshow in Hong Kong. “It created heightened buying interest in the larger units which has continued in 2019,” says Samantha Tan, general manager of South Beach Consortium. “The orientation of the larger units was also a strong draw for the buyers.”
By Feb 14, a total of 53 units have been sold. About 70-75% of the buyers are described as “international”, notably from the US, China, India, Indonesia and Japan. “They tend to be well-travelled and embrace the global trend of living in a downtown integrated development,” notes Tan. There were also those who bought multiple units. “As the project has only 190 units, some have bought more than one apartment to enjoy different views of Marina Bay and the city,” she continues.
The most sought-after units were those in “stack 8” with a direct view of Marina Bay and the F1 Pit Building and starting grid. These were the first to be snapped up. “We sold over 20 units during the F1 period, and these were all the four-bedroom units,” recounts Tan.
View of Suntec City, Marina Bay and the sea from one of the units at South Beach Residences (Credit: Samuel Isaac Chua/EdgeProp Singapore)