27/09/2019
Whilst CCR, RCR and OCR are no strangers to most of us, Downtown Core Planning Area and Ophir-Rochor Corridor remain relatively unheard of.
Downtown Core Planning Area is the economic and cultural part of Singapore. As the financial Heart of Singapore, Downtown Core houses the HQs and offices of reputable MNCs, as well as Singapore Exchange and the world most expensive standalone casino Marina Bay Sands. It includes Central Business District "CBD", Marina Centre, City Hall, Bugis and Nicoll. Some of these mentioned areas are part of the Greater Southern Waterfront that stretches from Marina Bay to Pasir Panjang including Sentosa.
The area, encompassing properties along the stretch of Beach Road, Rochor Road and Ophir Road is known as the Ophir-Rochor Corridor. These areas are fast becoming a new hotspot for work-live-play, as the timely face-lift has helped to transform the relatively quieter area into a rare gem for the younger generation.
The URA has also earmarked this corridor to be a strategic transit hub for roadways and underground mass rapid transit systems (MRT) by upgrading the Bugis MRT Station to an interchange station to serve the existing East-West line and upcoming Downtown line.
Midtown Bay by Guocoland is one of the first few new developments to open the next chapter of Beach Road's Transformation! A truly integrated development with 219 prestigious units, Grade A offices, commercial space and underground link to the Bugis MRT Interchange.
The fact that Midtown Bay sits on a White Site makes it appealing to property investors! A white site is a plot of land where a range of uses is allowed and the developer is not subjected to government's ABSD if they do not sell out within 5-years. This means that the developer will be able to hold their prices! Important for property investors!
Rental demand is another key factor for consideration. Apart from the Grade A offices within Midtown Bay, located in the Downtown Core will definitely help attracting tenants working in the nearby vicinity. Accordingly to URA's data 2015 to 2018, district 7 ranked top 5 for the highest lease ratio!
Property prices is driven by Demand and Supply! The supply in district 7 remains low in the current market. There are barely over 300 unsold new launch units (including Midtown Bay). Huge upside potential in the future!
Call now to find out more about Midtown Bay and the Public Sales on 5/6 Oct 2019 (specific timings) only! Show flat will be closed from 7 Oct 2019 onwards till further advice.
https://youtu.be/GNm1wfCKs_o