Midtown Bay Latest Updates
Midtown Bay Latest Updates
Last Updated: 31st March 2020
Latest Unit Sold: COMING SOON on 31st March 2020 | See the Balance Units Chart
- 31-03-2020: Book an Appointment to view Midtown Bay Show Flat and get Direct Developer Price + Discounts.
- 15-03-2019: Find out more on how Midtown Bay can be your next best investment!
- 16-02-2019: Midtown Bay Balance Units: Register For FREE Now! (Get Discount)
- 12-01-2019: Check your loan eligibility by calculating at Max Loan Eligibility Calculator (TDSR) in this website.
- 11-12-2018: Download and view the Midtown Bay E-Brochure.
- 02-11-2018: The Midtown Bay Gallery have been updated. Check them out!
Why Should You Upgrade from HDB to Executive Condo (EC) NOW?
Midtown Bay is proudly developed by GuocoLand Limited, with TID. GuocoLand is one of the most reputable and leading global operating companywith a network spanning 103 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its financially-stable and geographically-diverse portfolio includes residences, offices, hotels, serviced apartments, integrated developments and shopping malls.
Midtown Bay is located at Beach Road, Singapore. Location is easily accessible to Sumang LRT which can get to Compass One, where Central MRT & Bus Interchange are integrated in it. There are other decent shopping malls that are quite a short drive away, such as Seletar Mall, Rivervale Plaza and Rivervale Mall. Midtown Bay is ideally situated to the convenience of the future residences may it be in transportation, lifestyle and groceries shopping.
You will find several shopping, eating places and amenities nearby with the Midtown Bay location map.
Online registrants who have booked an appointment here will be able to receive Direct Developer Price and need not pay any commission. Please be informed that units for sale at Midtown Bay are on first come first serve basis.
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Tender details for Guocoland’s Midtown Bay
After being awarded the tender for the land situated at Beach Road, Bugis. The Guocoland Limited wanted to build an interesting project which it called the Midtown Bay. The main intention of the Guocoland Limited was to build an iconic city center upholding the cultural values promoted by the group. It wanted to build a “work-live-play” style mix integrated development which is fast becoming a trend in Singapore.
Midtown Bay Integrated Development Competitive Bid
The site was auctioned on July 6th, it occupies an area of 88,313 square meter maximum approximately. This offer attracted many developers around Singapore out of which five interest parties positioned their respective bids with the Governing agency. The tender closed after a month. The demand was due to its strategic location at the heart of Beach Road. Guocoland Limited won the bid beating the other four companies in fray. The bid created quite an impact in the Singapore property market for Guocoland’s record breaking quote of price per square feet for the property. Brasbasah which has many exquisite fine dining locations and hotels located near Guocoland Midtown Bay is an example of how upscale and prime the location is situated at the heart of the city. Bugis+ a famous weekend recreational destination for food and beverage enthusiasts is also located near Midtown Bay.
Guidelines for the planning of Midtown Bay
The term of agreement pertaining to the utilization of this site lays guidelines to be followed for the development of Midtown Bay at Beach Street. The guidelines permit the construction of two 45 storey towers at most. Quite a sustantial amount of the available floor space of land can be utilized for developing office spaces. The remaining space can be developed as a residential or retail space such as hotels. The absence of prominent players like Capital Land and Keppel and CDL for this bid of the Midtown Bay site was surprising and four out of the five bidders were foreign developers. Midtown Bay by Guocoland was to be developed as a “work-live-play” based mix integrated development as per the promise of the Guocoland Group’s Managing Director Cheng Hsing Yao.
Architectural Concepts and Designs for midtown bay
To achieve the promised output Mr. Raymond Choong, the Chief Executive Officer of Guocoland outsourced the responsibility of the construction of Midtown Bays at Beach Street to Tanjong Pager Center. Guocoland’s Midtown Bays were built on the popular model of design plus efficiency along with sustaining the environmental attributes as their core architectural concept. The “work-live-play” concept of Guocoland was kept in mind while designing the suites to keep the cultural values of Guocoland Limited intact. Marine Bay and Kallang Basin are at a close vicinity to midtown bays.
Why mix development are popular than other residential developments
The concept of integrating residential and commercial spaces in to one space is known as Mix Integrated Developments. The complex of a small building making a community or a single building, a city block are some common examples of Mix Integrated Development. Usually the first few floors of the building or complex are created for commercial purposes and the rest of the building is designed as residential accommodation.
Benefits of Mix Integrated Developments
The availability of commercial spaces below the residential ones help the occupants of these residential spaces save time for fetching basic necessities from commercial establishments situated far away from the building. This saves time for the occupants. The developers get better value for commercial spaces than residential ones and adds more value to the occupancy residential space midtown bay are built keeping this in mind and help its occupants save time and money drastically over time.
High Resale Value for Mix Developments
Properties such as midtown bays which are located at strategic localities tend to be costlier for purchase. But, the cost comes with a whole lot of benefits as the property is situated close to the MRT station and has road connections to major destinations of Singapore City which may be accessed through personal transport as well as public modes such as buses. Its proximity to premium educational institutions like upscale schools and colleges and important work spaces and recreational spots like shopping malls, food joints etc. The property is a valuable space as it saves travelling time to its occupants to reach their destinations as well as save money by cutting on transportation costs. The value of property steadily increases over time as the land value appreciates. Moreover, the option of renting the property after purchase will provide its owner constant income throughout the year.
Academic Institutions and Schools near Guocoland’s Midtown Bay
One of the top most priorities of potential residents in choosing a residential space is its proximity to good schools and educational institutions. The daily task of shuttling to and fro by parents to drop and pick their child from schools or colleges consumes more time. Cutting down on this task will benefit both the kid to spend quality time at home doing his home work or playing with friends and the parents spend more time at work or at managing their household chores. midtown bays are located at the heart of the town which makes it be situated at a close travelling distance to some of the premium educational institutions like Lasalle of Arts, Nanyang Academy of Fine Arts, INS World Institute, JCS Japanese Language School, City College Singapore, Boston Business School and Global School of Technology and Management to name a few.
midtown bay close to Country Clubs
midtown bays is located at a prime location in Singapore. Its neighbors include the Bugis Beach Road and Suntec City which are premium upscale locations in Singapore. the residents of these upscale localities are generally cosmopolitan and affluent. This by default makes Midtown Bays be surrounded by many country clubs. This is a crucial standards as affluent persons tend to meet up with their peers at places such as country clubs to build their network and stay relaxed. The Raffles Town Club, Hollands Club, Singapore Town Club, American Club, Tanglin Club, Singapore Polo Club, Civil Service Club at Tessensohn are some upscale country clubs located around Midtown Bays. These country clubs give a variety of facilities such as F &B, Golf Course, Function Rooms, Swimming Pools to mention a few.
Lower Debt Ratio and Higher Stamp Duty
Retail and commercial mix development has gained popularity among the property investors in recent times as a viable asset class after the government’s cooling measures on property investments. The government’s decision to improve the stamp duty charges on second property from 7% to 12%, a raise of 5% has led to possible buyers of second properties look at a lower quantum and freehold properties may be more expensive. since the quantum of Midtown Bay Condo at Beach Road will be low for second property investors as it is a lease hold development as the Midtown Bay is found in the prime office and retail space in Singapore, the demand for spaces will always be on the rise and a ready tenant base is always generated, once the project is completed. The amount of loans that are provided to clement property investor especially second home buyers are restricted due to the introduction of the total debt to service ratio.