GuocoLand Limited today announced the groundbreaking of Guoco Midtown, unveiling the name of the prime site that is set to rejuvenate the Beach Road district. It will provide a new epicentre for this side of Singapore’s Central Business District (CBD). Guoco Midtown is expected to be completed by the first half of 2022. Nestled within the City Hall office micromarket, Guoco Midtown will be the final critical piece of jigsaw that completes the transformation of the area.
The development has a total gross floor area of approximately 950,500 sq ft. It comprises 770,000 sq ft of premium Grade A office space; 30,000 sq ft of retail and entertainment; more than 200 units at its exclusive residences; and the former Beach Road Police Station, a conserved building.
The integrated development will be served by four MRT lines (the East-West, Downtown, North-South and Circle lines). It will also connect the three major office micromarkets of City Hall, Marina Centre and Bugis. There will be a direct underground link to the Bugis MRT interchange station and above ground links to surrounding developments. It will also have fantastic unblocked views of Marina Bay, Kallang Basin, Orchard Road and the sea. It is served by major arterial roads in the city centre and the Nicoll Highway, as well as the North-South Highway in future.
Mr Raymond Choong, Group President & CEO of GuocoLand said, “We have a strong track record of building successful and transformative mixed developments. Our Guoco Tower has uplifted the image of the Tanjong Pagar District; it is now perceived as a prime office location and leisure destination in the Central Business District. In the same way, Guoco Midtown will redefine the Beach Road area by introducing trend – setting concepts for office, retail and residential. It will also have some unique public spaces which will attract many people to Guoco Midtown.”