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How to put my listings for South Beach Residence
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South Beach Residences is a luxury residential development located along Beach Road in the Downtown Core of Singapore, within District 7. Here are some key points about this property:
- Development Details: South Beach Residences is a leasehold property with a 99-year lease starting from 2007. It was completed in 2016 and developed by South Beach Consortium Pte Ltd.
- Size and Units: The development spans a land area of 34,959 sqm and has a Gross Floor Area of 146,828 sqm. It comprises 190 residential units.
- Ownership: The buyer profile includes 16% Singaporeans, 20% Permanent Residents, and 64% foreigners, with no company-owned units.
- Accessibility: The property is conveniently located near several MRT stations, including Esplanade CC3 and City Hall EW13, NS25.
- Amenities: Residents have access to various amenities such as grocery stores (e.g., Cold Storage), shopping malls (e.g., Esplanade Xchange, CityLink Mall), and several cafes and restaurants within the complex.
- Views and Layout: Many units offer panoramic views of the city and Marina Bay. The development is known for its modern design and serene atmosphere amidst the bustling CBD area.
- Market Performance: Recent transaction data shows sale prices ranging from S$4,315 psf to S$4,504 psf, with an average of S$4,410 psf. The highest recorded transaction was S$4,748 psf for a 3,897-sqft unit in October 2021, and the lowest was S$2,795 psf for a 1,216-sqft unit in September 2018. The current rental yield is approximately 2.9%.
- Future Developments: The area is set to benefit from upcoming infrastructure improvements, including the Stage-6 opening of the Circle Line by 2025, which will enhance connectivity in the Central Region. According to the Master Plan 2019, the Orchard and Downtown areas will be rejuvenated as lifestyle hubs with more mixed developments offering live, work, and play opportunities.
- Size and Units: The development spans a land area of 34,959 sqm and has a Gross Floor Area of 146,828 sqm. It comprises 190 residential units.
- Ownership: The buyer profile includes 16% Singaporeans, 20% Permanent Residents, and 64% foreigners, with no company-owned units.
- Accessibility: The property is conveniently located near several MRT stations, including Esplanade CC3 and City Hall EW13, NS25.
- Amenities: Residents have access to various amenities such as grocery stores (e.g., Cold Storage), shopping malls (e.g., Esplanade Xchange, CityLink Mall), and several cafes and restaurants within the complex.
- Views and Layout: Many units offer panoramic views of the city and Marina Bay. The development is known for its modern design and serene atmosphere amidst the bustling CBD area.
- Market Performance: Recent transaction data shows sale prices ranging from S$4,315 psf to S$4,504 psf, with an average of S$4,410 psf. The highest recorded transaction was S$4,748 psf for a 3,897-sqft unit in October 2021, and the lowest was S$2,795 psf for a 1,216-sqft unit in September 2018. The current rental yield is approximately 2.9%.
- Future Developments: The area is set to benefit from upcoming infrastructure improvements, including the Stage-6 opening of the Circle Line by 2025, which will enhance connectivity in the Central Region. According to the Master Plan 2019, the Orchard and Downtown areas will be rejuvenated as lifestyle hubs with more mixed developments offering live, work, and play opportunities.
Overall, South Beach Residences is known for its convenient location, luxurious amenities, and stunning city views, making it a desirable choice for those looking to live in the heart of Singapore.
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