With her flagship Guoco Tower above Tanjong Pagar metro, after 2010 GuocoLand, has inclined more of her development towards luxury residential sector.

Scheduled for completion in 2022-2023, Midtown Bay a lux residential development; with lush landscaping and public communion spaces; est. 770,000 sq ft of Grade A office space as well as retail. Midtown concept in time to come also include Midtown Modern, upcoming new 30 storey lux development above Bugis metro.

GuocoLand MD Mr Cheng believes HNWIs are looking beyond former mindset that upmarket homes should be freehold and in d9, 10 as well as 11. Increasing leasehold properties are in reality commanding premium prices as well as desirable locations are emerging in CBD such as Tanjong Pagar. Rather than just location. 3 of greater complimentary important words should also be – location, lifestyle and community. Lifestyle relating to the development concept and the amenities made available. As time emergence, its observed high-end purchasers give priority to living in a like-minded community whereby they can become an extension of their social circle. Green spaces are must another aspect of livability designing concept from the ”inside out”; functionality of the apartment proportion of space and light and ventilation into unit.

Source: businesstimes

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