Guoco Midtown, the mega mixed-use development by GuocoLand Limited located on Beach Road, Singapore, is expanding its footprint in the central business district (CBD) with the addition of Guoco Midtown II at Tan Quee Lan Street, which will also feature a new residential project named Midtown Modern.
The new combined master development now offers 1.5 mil sq ft of gross floor area (GFA), sprawling over 3.2 ha of prime land. It is believed to be the largest project currently under construction in the Singapore CBD.
The expanded Guoco Midtown will be the centre of innovative businesses and new lifestyle concepts, revealed GuocoLand. “Coined as a ‘City of the Future’, the development is based on sustainability principles and new concepts of working and city living. It is expected to attract a new community of companies, talents, residents and visitors into the area, redefining the vicinity into an exciting confluence of business, lifestyle, culture and heritage,” explained the company.
The mixed-use master development will comprise a 30-storey office tower with 770,000 sq ft of premium Grade A office space, retail clusters, two condominiums - Midtown Bay and Midtown Modern - and a five-storey Network Hub building, which is a business and social networking club. The development will also come with around 3.8 ha of landscape areas, providing more than 20 concept gardens and public spaces.
Guoco Midtown’s first residential development, Midtown Bay, is a 33-storey tower with 219 units. The second one, Midtown Modern, will have two 30-storey towers offering more than 500 units.
There will be three concept retail and F&B clusters, each surrounding a key public space. They are Midtown Garden along Beach Road, Midtown Market directly behind the conserved Old Beach Road Police Station building, and Midtown Square right above the Bugis interchange MRT Station along Tan Quee Lan Street (at Guoco Midtown II).
Guoco Midtown is scheduled to be completed in phases between 2022 and 2024, and is expected to bring an additional 10,000 office workers, residents and visitors daily into the district. The development is led by GuocoLand with a group of investors, namely Hong Kong-listed Guoco Group, Hong Leong Holdings and Hong Realty.
“Guoco Midtown was conceived with a vision of how people will work, live and play in the future. Part of that future has arrived much sooner. Guoco Midtown will serve as a demonstration of how cities of the future can be liveable and sustainable while engaging its occupants and the community,” said Cheng Hsing Yao, group managing director of GuocoLand Singapore.
“We are also hopeful that Guoco Midtown will transform the vicinity into an exciting new district of innovation, commerce and community, and create a new identity for the district.”