City Gate New Mix Development @ Beach Road/Jalan Sultan. Showflat / Showroom Appointment Call 84483535
City Gate Developer Discount Price
Call for showflat / showroom appointment today! !!
Star Buys Promotion – Residential
Star Buys Promotion – Commercial
Shop: #B1: Promotional Price $1,591,000
Restaurant: #01: Promotional Price $2,095,000
Shop: #01: Promotional Price $1,842,000
Shop: #02: Promotional Price $1,774,000
Call 84483535 for Appoinment
City Gate Tapping Into Draft URA 2013 Central Area Master Plan
The latest Draft URA Master Plan 2013 envisions some exciting future developments for whole of Singapore Central Area including Bugis-Rochor Area, City Hall, Marina Bay, Suntec and Tanjong Pagar. The New Upcoming Developments of the Central Area will be a place for people to engage community and of arts, creative and artistic expression and links to Singapore past and Future aspirations. There will be more pedestrian friendly precincts, public spaces and green belt, parks, and trees.
City Gate Land History
A JOINT venture by two property developers – Fragrance Group and World Class Land, a subsidiary of Aspial Corporation – has snapped up a downtown commercial building for $360 million.
This sale of KeyPoint, at the junction of Beach Road and Jalan Sultan, was priced at $75 million, or 26.3 per cent, above the last valuation of $285 million as of Sept 30 last year.
Frasers Centrepoint Asset Management, the manager of Frasers Commercial Trust which owned KeyPoint, revealed that this transaction resulted in a gain of $72.8 million for Frasers’ unitholders.
A firm called Bayfront Ventures has been set up to acquire the property, with Fragrance Group and World Class Land having an equal share in the special purpose company.
The cost of the acquisition and development will be funded internally by both firms, and through bank borrowings.
The 25-storey, 7,268.9 sq m commercial block has 62 years left on the lease.
Frasers said that KeyPoint was considered suitable for divestment as it was identified as an asset which had reached its optimal economic life cycle.
Upgrading and rejuvenating KeyPoint would hence entail ‘significant amount of additional capital expenditure’.
The sale and purchase agreement covers all aspects of the development, including its three-storey podium, 22-storey office tower and four-storey carpark containing 227 parking spaces.The 34-year-old site is zoned for commercial use and can potentially yield a commercial gross floor area of approximately 426,421 sq ft.
Bayfront Ventures is considering various options to redevelop the site, including a commercial development with retail shops and offices, or an integrated development comprising retail shops, offices and residential units. Fragrance Group and World Class Land have teamed up before. They developed the 689-unit Parc Rosewood condominium and acquired Tai Keng Court earlier this year, for example.
Mr Koh Wee Seng, director of Bayfront Ventures and World Class Land, said in a statement: ‘We have enjoyed a mutually rewarding partnership with the Fragrance Group and intend to further build on the success of our alliance through the KeyPoint project.’
-quote from Straits Times -April 25, 2012 by Gan Yu Jia
Developer Pass Project:
City Gate Project Detail
Project Name : City Gate
Developer : Bayfront Ventures (Joint Venture btw Fragrance Group & world Class Land.
District : 07
Address : TBA
Site Area : 78,241sqft
Residential: 311 units
Commercial : (Retail, F & B, Supermarket, Food Centre) 188 units
Storey : 30 storey
Tenure : 99yrs lease
Unit Type :
2Bedroom Dual Key 174units
3Bedroom Dual Key 44units
Restaurant (F &B) 29units
Food Court 1unit
CityGate Price Range / Unit Size : contact us.
** Above info subject to change by developer.
City Gate Map Location.
City Gate Features What It In for You?
* 0.36km to Nicoll Highway MRT Station (CC5)
* 0.52km to Lavender MRT Station (EW11) & Bugis MRT Sation (EW12)
*Accessible via Beach Road, Jalan Sultan and Kallang Road.
*City Gate (Former Keypoint @ Beach Road) in D7, right beside CBD area.
*Mixed Development At Beach Road By Fragrance Group + World Class Land
*30 Storey City Living Featuring 311 Residential Units & 188 Retail Units.
*Near Stamford school, Hong Wen Primary, Bugis Malls, ICA, Kallang Waterfront district, New Sports Hub, Beach Rd Food & Entertainment district, Raffles Hospital, Sim Lim Sq, Wet Market, Food Centers and many other amenities.
*Excellent for own stay and rental investment – huge pool of potential tenants from surrounding CBD offices.
**City Gate Seamless Connectivity
• Nicoll Highway MRT via overhead link bridge which will be connected to level 2 of Citygate
• Nicoll Highway MRT (<5min) to Stadium, Bugis, Marina Bay interchange (3 stops)
**City Gate Immense The Potential from:
• Kallang Riverside waterbased recreational activities and beach routes linking to Gardens By the Bay and Sports Hub
• Marina Bay/Marina South zoned for commercial, residential, hotel and entertainment.
• White collared workers as an excellent tenant base from surrounding area.
** City Gate DUAL KEY unit mix available so that you own one title deed but rent it to 2 different groups of tenants! Therefore earning a better rental yield. Value for money.
*City Gate Residential;
– Single Storey Penthouses
– Set Furniture Deck provided
– High Ceiling (up to 3.31m for selected unit NO airspace charge)
– Natural Marble for Living, Dining and Kitchen
– Timber Flooring for bedrooms
– Premium brand kitchen appliances
*City Gate Commercial;
– 3m clear ceiling height with glass façade
Contact us for more info Hp 84483535
City Gate floor plan / site plan / price psf
Yes CityGate Draft Site plan/floor plan is ready. Contact us today for appointment.
We are seeking for indicative of interest for City Gate
Register your interest simply fill up your detail, we will get in touch with you.
Or Call 8448 3535 PropNex Project Sale Team.
Leave your contact, Thanks
**Bulk Purchase (plan own two or more units) Term and Condition Apply.