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After eight long years that saw a venture pull-out and a financial crisis threatening its completion, the South Beach Residences is finally going to open for sale. The project was so highly anticipated, that an unnamed buyer could not wait for it to be launched and offered $26 million for one of the penthouses. The 190-unit ultra-luxury condominium is the only high-rise development that is connected underground to City Hall MRT station. Industry watchers noted that many foreign and well-heeled investors were waiting on the side-lines for the project to open for sale.
The date of sales is confirmed to be 8 September 2018. Residential units range from 950 sq ft for a two-bedroom unit to 6,500 sq ft for a five-bedroom penthouse. Each penthouse has its own swimming pools and almost all the units enjoy an unblocked view of the marina barrage area. Each unit is furnished with quality appliances and fittings from leading international brands such as Miele, Duravit and Keuco, infusing every unit with a sense of modernity and timelessness. Exquisitely designed, these homes set the benchmark for urban luxury.
Spread over a 3.5ha plot parcelled by Beach Road, Bras Basah Road, Middle Road and Nicoll Highway, South Beach was designed by architects Foster + Partners. The $3-billion project is a joint venture between City Developments Limited and IOI Properties Group Berhad that forms the South Beach Consortium.
The condominium is part of a sprawling compound integrated with a retail mall, hotel as well as office spaces. It is also Singapore’s largest integrated project.
The tenants of the project boasts cool, multinational companies such as aerospace company Boeing and tech giant Facebook which, at 70,000 sq ft, is the largest tenant at the South Beach Tower, which houses the office spaces.
Acclaimed French designer Philippe Starck was brought into the project to design the hotel component of the project. The super-trendy 654-room, five-star hotel – is his first hotel in Singapore. Industry watchers say Starck’s daring, jazzy designs are shaking up a relatively staid hospitality industry.
More information on South Beach Residences condo units for sale is available at http://southbeachresidencesproject.com.
Release ID: 402976