Singapore will have their very own “midtown” with the construction of new mixed-use development on Beach Road, just off the Central Business District (CBD).
Beach road district to be an extension of the CBD
This new project is very much in line with the government’s objective of making the Beach road and Ophir-Rochor area an extension of the main CBD. The dispersion of businesses into the fringe areas will bring more buzz in the weekday to these regions while creating a work-play-live balance.
The Guoco Midtown development will feature a 30-storey office block, a residential tower with over 200 units as well as public spaces.
Similar to the many midtown districts of cosmopolitan cities around the globe such as New York and London, the new $2.4 billion project will be quite the mainstay in the Ophir-Rochor corridor.
The development will inject an increasingly-popular mix of culture, shopping, entertainment and corporate entities into the area. As Singapore seeks to grow its population and to attract global talents, the need to provide housing and working options the international talent pool are familiar with becomes more inherent.
Project to include former Beach Road Police Station
The Guoco Midtown project will also take heritage conservation into consideration. It will include the former Beach Road Police Station. The 3-storey blocks will eventually house eateries and boutique offices.
Connectivity to other public spaces will also be allowed for, such as a pedestrian network that connects to Bugis MRT station as well as the City Hall, Bugis and Marina Centre districts. The mix of living, working and recreational spaces will no doubt attract a diverse range of tenants for the office units.
The developer GuocoLand will also be offering a new leasing concept that allows for flexibility of expansion without the hassle of relocation.