Description

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South Beach Residences is a leasehold (99 yrs from 2007) apartment completed in 2016. It is developed by SOUTH BEACH CONSORTIUM PTE LTD. The development occupies a land area of 34,959 sqm and a Gross Floor Area of 146,828 sqm. It consists of 190 units. According to records, buyers of this development are Singaporean 16.0%, PR 20.0%, Foreigner 64.0%, Company 0.0%.

SOUTH BEACH RESIDENCES is located along Beach Road in Downtown Core, in District 7. It is accessible through the nearest MRTs including Esplanade CC3 and City Hall EW13, NS25.

Based on transaction data in the last 12 months, sale prices range from S$ 4,504 psf to S$ 4,504 psf at an average of S$ 4,504 psf. Its highest recorded transaction was S$ 4,748 psf in Oct 2021 for a 3,897-sqft unit. Its lowest recorded transaction was S$ 2,795 psf in Sep 2018 for a 1,216-sqft unit. Its current rental yield is at 2.8%. Other nearby amenities include: 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, SF (313) PTE. LTD., COLD STORAGE SINGAPORE (1983) PTE LTD, and 3 Shopping Mall(s): ESPLANADE XCHANGE, SHAW LEISURE GALLERY, CITYLINK MALL.

Buyers and tenants are attracted to District 7, which consists of Beach Road, Bugis, the Golden Mile, Middle Road and Rochor areas. Most of the properties in this district are commercial properties with a small selection of residential properties. Home buyers looking for Bugis properties can choose from a small selection of HDB flats off Middle Road, at Bras Basah Complex and at Rochor Centre. The private residential properties at Bugis are similarly scarce, with projects such as Duo Residences and Midtown Modern witnessing strong demand. Shopping and dining options abound in District 7, with many malls in the area including Bugis Junction and Bugis+. Many hotels such as the Intercontinental Singapore, Carlton Hotel and Raffles Hotel are located within the district or in close proximity to cater to tourists visiting the region.

As a major financial and business hub, the Central