South Beach developer set to market project
The much-anticipated South Beach project is gathering pace with the developer preparing to market the homes, offices and shop space.
The City Developments (CDL) and IOI Corporation consortium is "at the stage of preparing to market or pre-lease" the development, but has not finalised the launch date and pricing, a CDL spokesman said.
The mixed-use project - located between Raffles Hotel and Suntec City, and next to the Esplanade MRT station - will feature 190 homes, 651 hotel rooms, 49,000 sq m of office space and 7,900 sqm of retail space. A 2,700 sq m area will also be set aside for a private club.
Some agents gathering interest for the high-end complex told The Straits Times that flats could be sold at about $4,000 per sq ft (psf) on average.