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Won by a consortium led by City Developments Limited, the winning bid of S$1.689 billion worked out to about S$1,069 per square foot of potential gross floor area. Construction of the 99-year leasehold development, which was named "South Beach" and has a gross floor area of 146,827 square metres (1,580,433 square feet), started in 2012.
The structure of The Sail is 245 m (804 ft) with 70 storeys and is one of Singapore's tallest condominia/apartment buildings. This development offers panoramic city view of Marina Bay and the sea. It is close to some of Singapore's famous landmarks such as Suntec City, Marina Bay Sands, Esplanade, Telok Ayer Market and the Singapore River.
In January 1918, Meyer applied to raise the rent of the ground floor units from $40 to $50 and the rent of the first and second-floor flats from $55 or $60. [6] However, this decision was criticised by the building's tenants. The Rent Assessment Board for Singapore decided in Meyer's favour. [7]
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Short-term rental (STR) describes furnished self-contained apartments or houses that are rented for short periods of time. [1] They are usually seen as an alternative to hotels . "Short stay" rentals are an offshoot of the corporate housing market, [ 2 ] and are also offered by private owners and investors via online platforms such as Airbnb .
The Pinnacle@Duxton is a 50-storey residential development in Singapore's city center, next to the business district. [1] All seven connected towers are collectively the world's tallest public residential buildings, and featuring the two longest sky gardens ever built on skyscrapers, at 500m each. [2] [3] [4] [5]
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Designed by John Portman, the hotel has one of the largest open atriums in Southeast Asia, which rises through 21 levels and is permeated by natural light. Each of the 575 rooms is accessed from the balconies overlooking the atrium , and has views of the Singapore harbour and the city skyline.
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