City Gate, former KeyPoints set to launch soon

CITY GATE, Beach Road Singapore

Project name: City Gate
Address: 371 Beach Road Singapore 199597
District: 07
Developer: Bayfront Ventures Pte. Ltd. 
(JV of Fragrance Group Ltd and World Class Land Pte Ltd)
Tenure: 99 Years Leasehold
Type: Mixed Development
Combination: 

  • 311 of residential units
  • 188 of commercial units
City Gat Map

click to enlage: City Gate Map

Expecting launch: 3Q 2014
Expecting price/rent:

  • Residential units: Est. $$2,000 psf and above
  • Commercial units: TBA

Nearest MRT: 

  • Nicolle Highway Station
  • City Hall Interchange Station
  • Kallang Station
  • Lavender Station

Nearby Shopping Centres: 

  • City Gate (U/C)
  • Suntec City
  • Raffle City
  • Marina Square
  • Funan IT Mall
  • Marina Bay Sand

Nearby Office zone:

  • Suntec City
  • Raffles City
  • Raffles Place
  • Marina Bay
  • Shenton Way
  • Robinson Road
  • Cecil Street
  • Tanjong Pagar

From Straits Times News during the purchase of City Gate (ex-KeyPoints) Site:

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.

Joint venture buys KeyPoint for $360m…

Keypoints News-s

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