{"id":68156,"date":"2017-10-04T10:32:09","date_gmt":"2017-10-04T03:32:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-to-build-futuristic-project-at-beach-road-site\/"},"modified":"2017-10-04T11:02:49","modified_gmt":"2017-10-04T04:02:49","slug":"guocoland-to-build-futuristic-project-at-beach-road-site","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-to-build-futuristic-project-at-beach-road-site\/","title":{"rendered":"GuocoLand to build 'futuristic' project at Beach Road site"},"content":{"rendered":"


\nThe land parcel won by tender by developer GuocoLand.
\nAfter winning the tender for the commercial site at Beach Road, GuocoLand revealed plans to transform the site into an \u201ciconic city centre work-live-play destination\u201d.
\nA 70:30 joint venture between GuocoLand and Guoco Group Limited has acquired the Beach Road site for $1.62 billion.
\nLaunched for sale on 6 July, the site, which has maximum permissible gross floor area of 88,313 sq m, attracted five bids during the close of its tender on 28 September.
\nURA\u2019s guidelines for the site include an allowance for up to two 45-storey towers. At least 70 percent of the sites\u2019 gross floor area must also be set aside for office space, while the rest can be used for hotel, retail or residential, reported The Straits Times.
\n\u201cWe will be introducing a futuristic project that will cater to the changing trends of work-live-play,\u201d said GuocoLand Singapore\u2019s group managing director Cheng Hsing Yao.
\n\u201cThe large site gives us a lot of space to create amenities, and we will take full advantage of the spectacular views towards Marina Bay and Kallang Basin.\u201d
\nGuocoLand Limited group president and chief executive officer Raymond Choong said the company will draw on its experience at Tanjong Pagar Centre in developing a new destination at Beach Road that will combine \u201cthe best of architectural design, efficiency, environmental sustainability and culture to serve the changing work-live-play trends\u201d.
\nWith a solid track record in mixed-use and residential developments, GuocoLand\u2019s acquisition of the Beach Road site is in line with the company\u2019s business growth plans and is reflective of its confidence in the Singapore property market, said the company in a release.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…GuocoLand to build ‘futuristic’ project at Beach Road site<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The land parcel won by tender by developer GuocoLand. After winning the tender for the...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-68156","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-hJi","jetpack-related-posts":[{"id":101706,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guoco-midtown-project-in-beach-road-to-feature-200-homes\/","url_meta":{"origin":68156,"position":0},"title":"Guoco Midtown project in Beach Road to feature 200 homes","date":"November 27, 2018","format":false,"excerpt":"\r View of the Guoco Midtown site along Beach Road in the CBD. (Photo: URA) Singapore developer GuocoLand recently said it has started construction work on its mixed-use development along Beach Road. Dubbed Guoco Midtown, the integrated project will have a total gross floor area (GFA) of around 950,500 sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121158,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lentor-central-site-awarded-to-guocoland\/","url_meta":{"origin":68156,"position":1},"title":"Lentor Central site awarded to GuocoLand","date":"July 30, 2021","format":false,"excerpt":"\r The Lentor Central site will be redeveloped into a mixed-use development, with 600 residential units and more than 96,000 sq ft of commercial, food and beverage (F&B) and retail spaces. Source: URA The tender for the land plot at Lentor Central has been awarded to GuocoLand, which submitted the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/lentor-central-guocoland.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":93603,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-acquires-casa-meyfort-for-s319-88mil\/","url_meta":{"origin":68156,"position":2},"title":"GuocoLand acquires Casa Meyfort for S$319.88mil","date":"July 11, 2018","format":false,"excerpt":"\r GuocoLand Limited, via its fully owned subsidiary First Meyer Development, has exercised the option to purchase Casa Meyfort condominium along Meyer Road through a collective sale for $319.88 million. Including an estimated development charge of $57.2 million, the price works out to about $1,580 per sq ft per plot\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111075,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-breaks-ground-for-mixed-use-project-in-china\/","url_meta":{"origin":68156,"position":3},"title":"GuocoLand breaks ground for mixed-use project in China","date":"September 26, 2019","format":false,"excerpt":"\r Located in a prime location next to the Jiefangbei (Liberation Square) Central Business District, Chongqing 18 Steps\u2019 first phase features more than 1,000 luxurious modern apartments. GuocoLand has broken ground for the first phase of its mixed-use development project within the Yuzhong District of Chongqing, China. Dubbed Chongqing 18\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118321,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-unveils-expansion-plan-for-guoco-midtown-master-project-to-include-a-second-residential-project\/","url_meta":{"origin":68156,"position":4},"title":"GuocoLand unveils expansion plan for Guoco Midtown Master Project, to include a second residential project","date":"August 21, 2020","format":false,"excerpt":"\r Known as Midtown Modern, the condominium will come with 500 apartment units. Photo: Midtown Bay GuocoLand has unveiled plans for Guoco Midtown II, an expansion of Guoco Midtown. The\u00a0mega mixed-use development along Beach Road will also come with the inclusion of a second residential project known as Midtown Modern\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64770,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/guocoland-q4-net-profit-soars-to-s244-85mil\/","url_meta":{"origin":68156,"position":5},"title":"GuocoLand Q4 net profit soars to S$244.85mil","date":"August 28, 2017","format":false,"excerpt":"\r \u00a0 Developer GuocoLand\u2019s net profit surged to $244.85 million in the fourth quarter ended 30 June 2017 from S$39.85 million in the same period a year ago, while revenue soared to S$407.37 million from S$214.48 million, revealed an SGX filing on Saturday (27 August). \u201cGuocoLand has delivered a creditable\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/68156"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=68156"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/68156\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=68156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=68156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=68156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}