South Beach

South Beach Residences, located in the upper half of the South Tower of the mixed development South Beach, Singapore - comprises 190 elegantly designed residential units and penthouses from levels 23 to 45. The luxurious residences command 360 panoramic and unsurpassed views sweeping across Marina Bay all the way through to the Central Business District skyline, and the Orchard shopping...

The South Beach Consortium is in the process of appointing Marriott International to manage the hotel at South Beach, which will be rebranded as the JW Marriott Singapore if the deal goes through. Hong Leong Group Head of Corporate Affairs Gerry de Silva confirmed this to Channel NewsAsia on Wednesday (May 11). This will be Singapore's first JW Marriott hotel - the chain's five-star offering - when...

South Beach Tower at Beach Road has yet to open its doors to corporate tenants, but analysts have said it has already had an impact on office rents in the vicinity. Over the next 10 years, the Bugis-Beach Road office submarket could become a preferred choice of location for cost-conscious businesses. The S$3 billion South Beach project has some 500,000 square feet of office space, and tenants are...

The downtown skyline in Singapore will see another addition once the S$3 billion South Beach project - a mega mixed development at Beach Road - is up and running over the next year. The project's developers City Developments and IOI Group have secured leases for 80 per cent of the office space, and its first corporate tenant will move in early next year. Office space comprises about 30 per cent of...

The mixed-use development South Beach saw the “topping out” of its South Tower on Tuesday (Dec 2). The 45-storey tower along Beach Road is the taller of two buildings within the development. Jointly developed by City Developments and Malaysia's IOI Group, the project blends four historic conserved buildings with contemporary design. The South Tower will house a luxury hotel called The South Beach,...

A consortium established to develop South Beach, the commercial and lifestyle hub at Beach Road, has successfully secured S$1.6 billion in new funding. The funds will be used to refinance its S$800 million bank loan facility and to finance the construction of South Beach. The five-year secured term loan is provided by a syndicate of banks including DBS, UOB, OCBC, HSBC and Sumitomo Mitsui. The...

City Developments Limited (CDL) is poised to increase its stake in the consortium developing the South Beach project, after it exercised its right of first refusal to acquire one-third stake of Dubai World in the consortium and met conditions for the transaction, said sources. This means that CDL's stake will increase to two-thirds, from the previous one-third. In 2007, Dubai World, CDL and Elad Group...

CITY Developments (CDL) is aiming to start building its landmark $2.5 billion South Beach project in Beach Road next year, said its boss Kwek Leng Beng yesterday. Mr Kwek gave an update on the project - shelved in late 2008, owing to high construction costs, then slated for a start this year - as he unveiled a far- better-than-expected 77 per cent surge in fourth quarter net profits for CDL. He brushed...

The iconic South Beach development project along Beach Road is back on track, after a City Developments-led consortium secured S$1.2 billion in new funds. The South Beach Consortium will get money in the form of an S$800 million bank loan, and S$400 million in secured convertible notes. The South Beach project came about after a hot contest for a land parcel at Beach Road. The South Beach consortium,...

Property firm City Developments (CityDev) has posted net profits of S$150.8 million for the third quarter of this year – down 11 per cent from last year. Revenue for the period came down 13.6 per cent to hit S$688 million. The firm said it would hold back the launch of new residential projects for the time being, in light of the subdued property market and global economic uncertainty. It has also...