GuocoLand set to expand its footprint in the Beach Road area
SINGAPORE: GuocoLand Limited is set to expand its footprint in the Beach Road area with the addition of the newly-awarded Tan Quee Lan Street site.
It also allows GuocoLand to create a much more seamless and attractive connection between the Bugis MRT interchange station and Guoco Midtown. Guoco Midtown will introduce new concepts that support new work and lifestyle trends. It will be the final piece of jigsaw puzzle that completes the transformation of the Beach Road district.
Guoco Midtown’s residential component, Midtown Bay, will be the only residential launch of an integrated development in the Central Business District (CBD) in the coming year. It opens for viewing and sale on 5 October 2019.
Midtown Bay will be plugged into the vibrancy, convenience and abundant facilities of Guoco Midtown. Residents will have access to a wide range of amenities, services and activities, including a first-of-its-kind business and social club –Midtown Hub.
Raymond Choong, GuocoLand Group President & Chief Executive Officer said, “Guoco Midtown will anchor the expansion of the CBD. We have drawn on our successful experience as a master developer of transformative developments for Guoco Midtown’s overall concept and design strategy. In Tanjong Pagar, Guoco Tower has helped to elevate the value and positioning of the district. With increased accessibility to amenities and public transport, place making activities and wider food options, Guoco Tower manages to attract approximately two million people every month. We envision Guoco Midtown to do the same for the Beach Road area.”
The concept of Guoco Midtown was well-received by the industry when it was unveiled in April 2019. When it is completed in the first half of 2022, it is expected to bring in an additional estimated 10,000 office workers, residents and visitors daily, and will be linked to an estimated 100,000 population catchment in the surroundings.
With the increased footprint via the Tan Quee Lan Street site, GuocoLand will enhance underground, ground level and elevated pedestrian networks to connect people living, working and visiting the area. Guoco Midtown will become the new heart of the expanding Central Business District (CBD).