Singaporean Hospitality Giant Banyan Group to Enter U.S. Market With Luxury West Palm Beach Condominium

Singapore's Banyan Group debuts in the U.S. with an 88 unit luxury branded tower in West Palm Beach, featuring OMA design and global wellness perks.

By: AXL Media

Published: Mar 28, 2026, 8:41 AM EDT

Source: Information for this report was sourced from Bisnow

A Strategic American Debut for Singaporean Hospitality

Banyan Group, an international hospitality brand recognized for its focus on sustainability and nature centric design, has officially announced its first project in the United States. The firm is collaborating with developers Mast Capital and Curated JCZM Development to bring the Banyan Tree Residences to downtown West Palm Beach. This flagship development marks a significant milestone for the Singaporean company as it seeks to capture the attention of American buyers who have historically frequented its global resorts. Banyan Group Executive Chairman Ho Kwon Ping noted that the cultural energy of West Palm Beach aligns with the brand's core values of purposeful living.

Architectural Ambition and Residential Specifications

The planned 25 story tower, located at 400 Hibiscus Street, will feature a modern architectural design by the renowned firm OMA. The project is set to include 88 luxury units ranging from one to four bedroom configurations, alongside a collection of exclusive penthouses. According to project spokespeople, the development is expected to be completed by 2029. Sales for the residences are being managed by Douglas Elliman, with entry level pricing starting at 1.9 million dollars, targeting an affluent demographic looking for branded residential experiences in a rapidly evolving urban core.

Wellness Integrated Amenities and Global Perks

True to its hospitality roots, the Banyan Tree Residences will offer an amenity package heavily weighted toward wellness and relaxation. Plans submitted for the site include a 5,700 square foot clubhouse and a dedicated spa featuring treatment rooms and meditation spaces. Furthermore, owners will gain membership to The Sanctuary Club, providing them with exclusive access to over 100 resorts and 140 spas across 23 countries within the Banyan Group’s global portfolio. This integration of residential ownership with international travel benefits is a hallmark of the brand's lifestyle oriented business model.