Short answer: Midtown Bay is a 219-unit, 33-storey condo at 122 Beach Road, the residential part of GuocoLand's Guoco Midtown in District 7. It has a 99-year lease from 2 January 2018 and was completed in 2Q 2024. Units range from 409 sq ft one-bedders to 1,324 sq ft duplexes. GuocoLand reported it 67% sold as at 31 December 2025.
Reviewed 30 September 2026. This page replaces an earlier version that contained incorrect facts; see the correction note at the end.
What is Midtown Bay?
| Developer | Midtown Bay Pte Ltd, 70% owned by GuocoLand; the Beach Road site is a 70:30 joint venture between GuocoLand and Guoco Group |
| Address | 122 Beach Road, Singapore 189770 (District 7, Downtown Core) |
| Part of | Guoco Midtown, with a 30-storey office tower, the Network Hub business club, retail clusters and the conserved former Beach Road Police Station (Midtown House) |
| Tenure | 99-year leasehold from 2 January 2018 (about 90 years left in September 2026) |
| Building | One 33-storey residential tower |
| Units | 219 (one-bedroom to three-bedroom duplex) |
| Launched | 5 October 2019 |
| Completed | 2Q 2024 |
| Green rating | BCA Green Mark Platinum (GuocoLand, 3 March 2021) |
| Nearest MRT | Bugis (East-West and Downtown lines), reached through Guoco Midtown's underground pedestrian link |
Sources: GuocoLand, 3 October 2017 (site, joint venture); GuocoLand, 20 August 2020 (33 storeys, 219 units); GuocoLand Annual Report 2026 (lease start, 70% stake, MRT link); GuocoLand 1H FY26 results, 29 January 2026 (completion, sales); EdgeProp, 4 October 2019 (launch date, unit mix); address from OneMap.
Midtown Bay or Midtown Modern? They are two different condos in the same Guoco Midtown master development. Midtown Bay is the single 219-unit tower on Beach Road. Midtown Modern is the 558-unit, two-tower project across the road on Tan Quee Lan Street, directly above Bugis MRT station. See our Midtown Modern review.
Who developed Midtown Bay, and what did the land cost?
GuocoLand won the Beach Road commercial site in the 2017 Government Land Sales programme for about S$1.62 billion, in a 70:30 joint venture with its parent, Guoco Group. The site has a maximum gross floor area of 88,313 sq m (GuocoLand, 3 October 2017).
We checked the arithmetic: 88,313 sq m is about 950,600 sq ft, so S$1.62 billion works out to about S$1,700 psf of gross floor area. Most of that floor area is offices; GuocoLand's 2019 release describes a 770,000 sq ft office tower, with Midtown Bay as the residential component.
What unit types does Midtown Bay have?
There are no four-bedroom units. EdgeProp reported this mix at launch, which adds up to 219:
| Type | Size from (sq ft) | Units | Share |
|---|---|---|---|
| 1-bedroom | 409 | 107 | 49% |
| 2-bedroom | 732 | 72 | 33% |
| 2-bedroom duplex | 990 | 32 | 15% |
| 3-bedroom duplex | 1,324 | 8 | 4% |
Source: EdgeProp, 4 October 2019. EdgeProp also reported 3.2 m ceiling heights and V-Zug kitchen appliances. GuocoLand says the duplexes were designed so the lower floor can be used as a home office or for entertaining, and that Midtown Bay residents can join the Network Hub, an 80,000 sq ft members' business and social club in Guoco Midtown (GuocoLand, 20 August 2020).
How much has Midtown Bay sold for?
| Date | Figure | Source |
|---|---|---|
| Launch, 5 October 2019 | 1-bedroom from S$1.38 million; 2-bedroom from S$2.08 million | EdgeProp, 4 October 2019 |
| As at 30 January 2024 | 129 of 219 units sold (59%) at an average S$3,068 psf | EdgeProp, via Yahoo Finance, 1 February 2024 |
| As at 31 December 2024 | 63% sold | GuocoLand, 1H FY25 results |
| As at 31 December 2025 | 67% sold | GuocoLand, 1H FY26 results, 29 January 2026 |
| 12 months to September 2026 | Average S$3,168 psf; range S$2,455 to S$3,521 psf | EdgeProp project page, checked 30 September 2026 |
We checked the arithmetic: 129 ÷ 219 is 58.9%. In January 2024 EdgeProp reported a record S$4,190 psf for a 484 sq ft one-bedder sold by the developer for S$2.028 million on 19 January 2024; S$2,028,000 ÷ 484 is S$4,190.
SG Properties estimate: the EdgeProp 12-month average (S$3,168 psf) is about 3% above the January 2024 average across 129 sales (S$3,068 psf): 3,168 ÷ 3,068 = 1.033. The two figures cover different units and periods, so this is only a rough comparison, not a measure of price growth.
Unlike Midtown Modern, which was fully sold by December 2024, Midtown Bay still had about a third of its units unsold at the end of 2025, according to GuocoLand.
How far is Midtown Bay from the MRT?
GuocoLand says Guoco Midtown is linked to Bugis MRT interchange station (East-West and Downtown lines) through an underground pedestrian network, and to Marina Centre by an overhead bridge (Annual Report 2026). Using OneMap coordinates, we measured these straight-line distances from 122 Beach Road; walking routes are longer:
| Station | Lines | Straight-line distance |
|---|---|---|
| Bugis (DT14 entrance at Rochor Road) | Downtown, East-West | about 330 m |
| Esplanade (CC3) | Circle | about 390 m |
| Promenade (CC4) | Circle, Downtown | about 420 m |
| City Hall | North-South, East-West | about 650 m |
Check OneMap for your own route.
Who might Midtown Bay suit?
This is a summary of trade-offs, not a recommendation. What is distinctive: it is a residential tower inside a large office-led development, next to a fully committed Grade A office tower (GuocoLand Annual Report 2026), with its own link to Bugis station and access to the Network Hub. Nearly half the units are one-bedders, and the larger homes are duplexes rather than conventional three- or four-bedroom flats. The trade-offs: there are no four-bedroom units, prices have averaged above S$3,000 psf, and the lease started in January 2018. Our guides on lease decay and ABSD explain how lease length and stamp duties affect a purchase.
FAQ
Who is the developer of Midtown Bay? GuocoLand, through Midtown Bay Pte Ltd, in which it holds 70%. The Beach Road site is a 70:30 joint venture between GuocoLand and Guoco Group.
Is Midtown Bay freehold? No. It is a 99-year leasehold from 2 January 2018.
How many units does Midtown Bay have? 219 units in one 33-storey tower, from 409 sq ft one-bedders to 1,324 sq ft three-bedroom duplexes.
When was Midtown Bay completed? GuocoLand reports it was completed in the second quarter of 2024.
Is Midtown Bay the same as Midtown Modern? No. Both are in Guoco Midtown, but Midtown Modern is a separate 558-unit, two-tower condo on Tan Quee Lan Street.
Is Midtown Bay sold out? Not as at 31 December 2025, when GuocoLand reported it 67% sold.
Correction
30 September 2026: An earlier version of this page gave the wrong address (Tan Quee Lan Street and 131 Beach Road; it is 122 Beach Road), described two residential towers (there is one 33-storey tower), said it was completed in 2022 (it was completed in 2Q 2024), and said the lease began in 2017 (it began on 2 January 2018). It listed Hong Leong Holdings as co-developer; the Beach Road site is a GuocoLand and Guoco Group joint venture. It gave unit sizes of 506 to 1,636 sq ft and one- to four-bedroom types; the actual range is 409 to 1,324 sq ft, with no four-bedroom units. Unsupported claims about a "Midtown Bay Mall", nearby schools, launch prices, rental yields and walking times were removed, as was an offer of a paid "full report".
Disclaimer: This page is for information only and is not investment advice. SG Properties is not a licensed estate agency and is not affiliated with the developer.
Sources
- GuocoLand: GuocoLand secures rare prime commercial site in Beach Road (3 October 2017)
- GuocoLand: Guoco Midtown set to be a game changer in Beach Road (22 April 2019)
- GuocoLand: GuocoLand introduces future-ready Midtown with Guoco Midtown master development (20 August 2020)
- GuocoLand: GuocoLand to launch Midtown Modern (3 March 2021; Green Mark status)
- GuocoLand: Guoco Midtown office tower achieves TOP (31 January 2023)
- GuocoLand: 1H FY25 results media release (sales as at 31 December 2024)
- GuocoLand: 1H FY26 results media release (29 January 2026)
- GuocoLand Annual Report 2026 (lease start, ownership, MRT link)
- EdgeProp: GuocoLand launches Midtown Bay on Oct 5 (4 October 2019)
- EdgeProp via Yahoo Finance: Midtown Bay achieves a new high of $4,190 psf (1 February 2024)
- EdgeProp: Midtown Bay project page (checked 30 September 2026)
- OneMap (Singapore Land Authority) (address, coordinates)
Related reading
Ask a question
Questions about a project, prices, ABSD, loans or timing? We reply by email within one working day, and can connect you with a CEA-licensed partner agent if you'd like help with viewings or buying.
Get new launch updates
Prices, preview dates and sales results for Singapore new launches, when they are officially released. Free, and you can unsubscribe any time.