City Gate at Beach Road, a new and upcoming property in Singapore, located at the junction of Jalan Sultan and Beach Road. City Gate is set to be the most rewarding investment opportunity for investors thinking of buying Singapore Property as there are numerous areas of growth. Allow me to list down my take about City Gate at Beach Road and why I would recommend investors to invest in City Gate.
1. Mixed Development Project.
The City Gate along Beach Road is a 30-storey high development made up of 188 Retail units and 311 Residential units on a piece of land 78,242 sqft in size. With a unit mix of 43 one-bedroom units, 42 two-bedroom units, 174 two-bedroom Dual Key Units, 44 three-bedroom Dual Key Units and 8 Penthouse units ranging from one to four bedrooms. Majority of the units have been designed with ease of rental in mind.
Amenities will include a supermarket(anchor tenant for the development is not decided yet), a food court, 157 retail outlets and 29 dining restaurants for residents and visitors. This project will provide a wide range of amenities for its residents from departmental stores to posh restaurants right at your doorstep. With Education Institutes like Singapore Management University (SMU), Nanyang Academy of Fine Arts (NAFA) and Stamford Primary School nearby, the potential gains upon completion is high, especially with a Dual Key unit that will bring in double the income for investors.
Keypoint building is where City Gate at Beach Road will be located in future. Being within walking distance to Golden Mile Complex, Textile Centre, Sultan Plaza, Park Royal Hotel, Concourse Skyline and Concourse Shopping Centre, it could be the rented homes of expatriates working in the above mentioned office complex. With not 1 but 3 MRT Stations (Nicoll Highway, Lavender and Bugis) just minutes walk away, getting to City Hall Interchange, Marina Bay MRT Station will be a breeze. Should you choose to drive, driving into the Central Business District(CBD), Orchard Shopping Belt and even the Marina Financial Centre are just easily within minutes. Convenience and location has always been the essence when it comes to negotiating for a good price for your home.
3. Reliable Developers
City Gate at Beach Road has been successfully tendered by Bayfront Ventures which is a joint venture between the Fragrance Group and World Class Land. No introduction is required if you are familiar with these 2 developers as they have been the ones responsible for transforming the skylines of Singapore by building popular developments, which were a sell-out, like Novena Regency, 8 Bassein, Urban Vista, East Village, Le Regal, Kensington Square, Icon and many more.
Invest in City Gate at Beach Road will definitely be the best choice considering its location, its developers and not forgetting the layouts of the units, mostly dual-key, which gives each of your tenants privacy and yet at the same time gives you double your studio apartment income minus the extra Additional Buyer Stamp Duty(ABSD).
In my opinion, it would be a pity to miss out on this lucrative opportunity to own a unit for investment in Beach Road.
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