Time is GMT + 8 hours
Posted: 30 September 2004 1807 hrs

CDL, AIG to launch upmarket The Sail @ Marina Bay in October
By Chua Chin Chye, Channel NewsAsia

http://business-times.asia1.com.sg/mnt/media/image/launched/2004-09-20/city-185307.jpg

http://straitstimes.asia1.com.sg/mnt/media/image/launched/2004-03-27/H7_0327.jpg

http://photo.starblvd.net/Raffles/4-4-5-1083355759?m=1&pg=3&ro=3&co=4

http://www.skyscrapercity.com/photopost/data/3130/2829marina.jpg

SINGAPORE : Property developer City Developments and partner AIG have put a name to their landmark waterfront residential project.

Called TheSail@MarinaBay, it will be Singapore's tallest residential project, and the world's 10th tallest.

The 99-year project will have two towers with 1,111 units, and is targeted at both locals and foreigners alike.

Assuming a sale price of S$1,000 per square foot, and breakeven cost of S$700 per square foot, analysts predict CityDev could book a gross profit of some S$300 million from the project.

CDL will launch it in late October.

TheSail@MarinaBay will be the first residential development to rise from the new Downtown@MarinaBay, to support the upcoming Business Financial Centre.

The two towers are clad in glass and sculpted with fluid lines, as if formed by flowing water.

The avant garde design is by world-renowned Norwegian-American architect Peter Pran.

Both towers are designed to maximise prime views of the marina, the park and the sea beyond.

"This is the first time we are doing a 70-storey residential tower. It's something very special to us also. And we will make sure that in terms of quality finishing, it will be very good class. It's going to be a very luxurious project," said Chia Ngiang Hong, group general manager of CityDev.

The two towers stand at 70 and 63 storeys, with 1,111 units comprising one- to four-bedroom apartments and penthouses.

TheSail@MarinaBay comes with hotel-style concierge service, 24 hours a day.

As for the pricing, Willy Shee, managing director of CB Richard Ellis, said, "I would think people are expecting a price range of S$900 to a S$1,000 per square foot."

For investors, it could be an attractive proposition.

"Rental yields should be around four to five percent. And in terms of whether it is attractive or not, you have to look at it in relation to what the housing loan rates are. Today's market is like two, 2.5 percent, compared to four percent. I think it's very attractive," said Patrick Lee, vice president and director of investment at AIG Global Estate Investment (Asia).

CDL says the project is targeted at both locals and foreigners alike, with an 80-20 mix.

Having bought the site some two years ago, CDL says an October launch date is apt, as the local property market has bottomed out in the second quarter, and appears to be headed north. - CNA

Copyright © 2004 MCN International Pte Ltd

Wonderfull news, The Sail is a gorgeous building, one of my favorite projects these days...:)

That's 803 feet to those uninclined metrically.

If anyone is interested, the news bulletin (with graphics and diagrams of coz....and glimses of the skyline!) on this development can be seen here:

http://straitstimes.asia1.com.sg/mnt/media/tvclips/staging/marina0930.mpg

(File size: 5.45MB) :D

that's a very nice tower!:eek:

wow, really stunning and very creative
will be the most beautiful tower in this city imo

Hmm - similar height and envelope as the new tower released in Brisbane! Certainly the best tower proposed for Singapore in years!

CDL's iconic project all set to Sail this month

Initial launch of 200 of the 1,111-unit Marina Bay project, Singapore's tallest residential building, will likely see prices starting at around $900 psf

By Joyce Teo

http://straitstimes.asia1.com.sg/mnt/media/image/launched/2004-10-01/h7.jpg

PRICES for Singapore's iconic residential building, The Sail@Marina Bay, are likely to start at around $900 per sq ft, said property consultants.

This would make the high-end development, shaped like two sails of a boat, one of the more expensive 99-year leasehold developments here. Less ritzy leasehold condominiums, such as Kovan Melody in Upper Serangoon and Varsity Park in the West Coast, are going for between $440 psf and $520 psf.

However, Far East Organization's leasehold home office units at Soho@Central, near Clarke Quay MRT station, start at $1,050 psf.

City Developments (CDL) kept mum yesterday about the pricing of its 1,111-unit project, a 50-50 joint venture with AIG Global Real Estate Investment Corp. It announced only the project's name and that the soft launch date will be later this month.

At 245m high, The Sail will be the tallest residential building in Singapore, the seventh highest in Asia and the 10th highest in the world.

The seven 50-storey blocks of The Pinnacle@Duxton have an average height of 156m.

'It'll be a prominent silhouette against the city skyline,' noted property consultancy Jones Lang Lasalle's managing director, Dr Yu Lai Boon, of The Sail.

Analysts are predicting that it will be one of the hottest residential properties to be launched this year because of its height, its being the first residential building in the new downtown, its proximity to Raffles Place as well as the Republic's business and financial centre, and its facilities.

The Sail will boast a 24-hour concierge service, as well as a fully-equipped spa with a cafe and therapy room, among other things.

Most of the homes in the two towers - one with 70 levels and the other with 63 levels - will be one- and two-bedroom units. Only 250 units will have three or four bedrooms. There will also be five penthouses and about 19,900 sq ft of retail space.

Mr Willy Shee, managing director of CB Richard Ellis, which is jointly marketing the project with DTZ Debenham Tie Leung, said he would recommend prices starting at $950 psf at least and expects the apartments to generate a rental return of 4 to 5 per cent.

According to DTZ, the one-bedroom units could command a monthly rent of around $2,200 to $2,800, the two-bedroom units $3,200 to $3,700 a month, and the three- and four-bedroom units $4,000 to $7,000 a month.

The marketing agents are eyeing potential buyers in Jakarta, Hong Kong, Shanghai and Beijing, as well as institutional funds in Europe. CDL said the units will be released in phases, with about 200 being made available for a start.

She is a beauty alright - a gr8 addition to a gr8 city - Congrats !

very nice. I was resi's like these to be built here in bris instead of some of the crap we get lol.

it does look one of the better projects for Singapore ;)

very nice! glad to see some actual nice-looking architecture coming up in singapore.

Amazing, that looks superb. I like the look of Singapore very much :)

The Sail@Marina Bay: 200 units to be released

1st Oct 2004

Condo price likely to average $950to $1,000 psf

By KALPANA RASHIWALA


CITY Developments and AIG will release an initial batch of at least 200 apartments at The Sail@Marina Bay condo in the second half of this month.

The two partners said the pricing has yet to be finalised, but CB Richard Ellis managing director Willy Shee, whose firm is one of two marketing agents for the 99-year leasehold condo, said yesterday he will probably recommend an average $950 to $1,000 psf.

Based on these prices, he predicts a rental yield of 4 to 5 per cent for investors looking at picking up a unit for leasing. This is higher than the current 3 to 4 per cent yield for upmarket condos.

His forecast of higher yield is based on the assumption of a gradual increase in rental values over the next few years. The Sail@Marina Bay is expected to be completed in late 2008.

About 20 per cent of the buyers of the 1,111 apartments could be foreigners, said Edmund Tie, executive chairman of DTZ Debenham Tie Leung (SEA) Pte Ltd, the other marketing agent for the development, which will have two towers, of 70 and 63 storeys.

CityDev and AIG officials present at a media briefing yesterday to unveil the project's name said they aim to give buyers value for money. Market watchers expect early birds to be rewarded with a special discount.

CityDev group general manager Chia Ngiang Hong said that The Sail@Marina Bay will target the 100,000 working population in the Central Business District, singles, young families, retirees, investors and foreigners.

Mr Shee said one of the marketing strategies would be to target en-bloc buyers including investment funds from overseas, before the launch of the project.

He predicts that home prices on the island could go up between 5 and 15 per cent a year over the next three to four years.

AIG Global Real Estate Investment (Asia) director Patrick Lee forecast that new home prices here look poised to increase as rising interest rates and oil prices will put pressure on building material costs.

Asked what the attraction is for foreigners to invest in the Singapore residential property market compared with other Asian cities, Mr Lee and CityDev's Mr Chia both suggested the upside in home prices in Singapore is better precisely because it has lagged other markets in the region, including Hong Kong, Kuala Lumpur, Bangkok and Jakarta.

And while residential rental yields may be higher in other Asian cities, the cost of borrowing is also much higher compared with Singapore, said Mr Lee. 'The yield spread is more attractive in Singapore than Hong Kong or KL,' he added.

so great looking

http://www.ura.gov.sg/lad/bfc/thumbnail/images/attraction-totalconnect_01.jpg
http://www.ura.gov.sg/lad/bfc/thumbnail/images/attraction-totalconnect_02.jpg

http://www.ura.gov.sg/lad/bfc/thumbnail/images/attraction-prestaddress.jpg


The site is with the name 'Site sold in 2002'.
http://www.ura.gov.sg/lad/bfc/thumbnail/images/attraction-siteplan_01.jpg
http://www.ura.gov.sg/lad/bfc/thumbnail/images/attraction-siteplan_02.jpg
http://www.ura.gov.sg/lad/bfc/thumbnail/images/attraction-siteplan_03.jpg

The taller tower seems to look more like a fat whale when seen from the side facing the sea?? :D

Wow, nice project for Singapur.

The taller tower seems to look more like a fat whale when seen from the side facing the sea?? :D

more like a dolphin or shark :cool:

YAY I cant wait! It will look so alluring right smack in front of the bay :banana:
If theyre fast hopefully it breaks ground by end of the year.

Heres the site today (2nd October 04)

http://www.skyscrapercity.com/photopost/data/503/103sail.jpg

its a fabulous looking tower! but it wont be 10th tallest in world on completion! it will be 12th!

WORLDS TALLEST RESIDENTIAL BUILDINGS 2006
BLDG/LOCATION/HEIGHT/STOREYS/YEAR

1.Q1/GC,AUSTRALIA,322M/78ST/2005UC
2.EUREKA/MELB,AUSTRALIA,297M/91ST/2005UC
3.21STC TOWER,DUBAI,269M,55ST/2003
4.TRIUMPH PALACE,MOSCOW,264M/61ST/2004
5.TOWER PALACE3,SEOUL,263M/73ST/2004
6.TRUMP WORLD TOWER.NYC,262M/73ST/2001
7.MOK DONG-HYP,SEOUL,256M/69ST/2003
8.SORRENTO1,HK,256M/75ST/2003
9.HARBOURSIDE,HK,255M/75ST/2003
10.HIGHCLIFF,HK,252M,72ST/2003
11.STATE TOWER,BANGKOK,247M/68ST/2001
12.THE SAIL@MARINABAY,SING,245M/68ST/2006###

its a fabulous looking tower! but it wont be 10th tallest in world on completion! it will be 12th!

WORLDS TALLEST RESIDENTIAL BUILDINGS 2006
BLDG/LOCATION/HEIGHT/STOREYS/YEAR

1.Q1/GC,AUSTRALIA,322M/78ST/2005UC
2.EUREKA/MELB,AUSTRALIA,297M/91ST/2005UC
3.21STC TOWER,DUBAI,269M,55ST/2003
4.TRIUMPH PALACE,MOSCOW,264M/61ST/2004
5.TOWER PALACE3,SEOUL,263M/73ST/2004
6.TRUMP WORLD TOWER.NYC,262M/73ST/2001
7.MOK DONG-HYP,SEOUL,256M/69ST/2003
8.SORRENTO1,HK,256M/75ST/2003
9.HARBOURSIDE,HK,255M/75ST/2003
10.HIGHCLIFF,HK,252M,72ST/2003
11.STATE TOWER,BANGKOK,247M/68ST/2001
12.THE SAIL@MARINABAY,SING,245M/68ST/2006###
Dont expect the press to be that accurate as us fanatics! :D

Anyway...The Sail is 70 floors...not 68....

CULWULLA, are those confirmed?

Had Sail be 280m, still within the height limit, it would have been the 3rd tallest residential in the world.

There is an on-going photo competition in conjuction with the launch of this development. Too bad its only open to Singaporeans...

http://img7.exs.cx/img7/7136/pix01a.jpg

Calling all shutterbugs! Capture the magic and charm of the Marina Bay, stand to win $4,000 and have your work exhibited!

As part of the launch celebrations of The Sail @ Marina Bay, CDL's landmark waterfront residence, we're inviting entries for the Marina Magic Photo Competition. Scope of topics may include scenery, people or activities centred around the locality of Marina Bay. Award-winning entries will also be displayed in a public exhibition. The closing date is on 12 November 2004, so grab your cameras and start snapping today!

PRIZES: Category 1st Prize 2nd Prize 3rd Prize
Professional $4,000 $2,000 $1,000
Amateur $2,000 $1,000 $500
Youth (<21 years) $1,000 $500 $200
RULES & REGULATIONS:

1) The competition is open to Singapore citizens, Permanent Residents, Student Pass or Employment Pass/Work Permit holders residing in Singapore.

2) There is no limit to the number of entries submitted by the photographer for each of the categories.

3) Each entry must be submitted together with an entry form. Photocopies of the entry form are allowed.

4) Images should be original (taken after 30 September 2004) and should not have been previously entered in any exhibition and /or competition, or subject to any form of copyright protection in any country.

5) Entries must be submitted in print (20cm x 25.2cm or 8R size). Two copies per entry are required. The title, category, name and address of the participant must be clearly stated at the back of each print and must correspond with that of the entry form.

6) The judges’ decision is final and no correspondence or dispute will be entertained. Only winners will be notified via telephone and mail.

7) All entries are non-returnable. The organizers reserve the right to reproduce the images or use them for publication in all media, publicity and exhibition purposes.

Click here for entry form http://www.cdl.com.sg/cdl2.nsf/entry_form.pdf

For enquiries, please call 6438 0880.

Organised by:

http://img7.exs.cx/img7/262/logo_cdl.jpg

In conjunction with the launch of:

http://img7.exs.cx/img7/1929/logo_marinabay.jpg

The New Paper - 28 Oct 2004

CITY LIVING ...the next big thing?

By Desmond Ng
desmondn@sph.com.sg

WHY limit yourself to watching Sex and the City on TV?

You can actually live it up in the city, say property developers here.

And they're pitching it as the next big thing.

But city living, mind you, doesn't come cheap. And there are other drawbacks too.

We're talking about a cool $1 million for a three-bedroom unit.

The 1,111-unit project, a joint venture between City Developments and AIG Global Real Estate Investment Corp, is to have a private launch on Friday.

Another project in the city, Far East Organization's Soho@Central, which is right above Clarke Quay MRT station, is priced at around $1,000 psf.

Such places offer some rare conveniences.

Imagine talking a short walk back to your home after a late night at work or play, without having to worry about parking or getting a cab.

But would you pay top dollar just for this?

If you have $1 million, you can get a cheaper home outside the CBD with enough spare cash to buy a car or two.

And a city address does have its drawbacks. You may find yourself travelling out to get the groceries, and most schools are far away.

On the other hand, if you live in the suburbs, Singapore's efficient public transport can get you to town and back in a reasonable time.

'If you live in Bedok, it takes you just 20 to 30 minutes to get to work by MRT,' said Mr Song Seng Wun, an economist at brokerage GK Goh.

'Of course, there's a certain advantage to living in town and getting to work in two minutes, but how much is that premium worth?

'With $1m, you can stay in a cheaper place in the East Coast or Tanjung Rhu areas with a good view of the city and it'll still take you less than half-an-hour to drive to the CBD.'

LACK OF AMENITIES

And there's also the issue of lack of amenities in the city, added Mr Nicholas Mak, Chesterton International's research director.

As these projects are usually not close to supermarkets, shopping centres or schools, it may not be attractive to families, he said.

'Those with kids usually require a three-bedroom unit. And at $1m for some of these units, these home-buyers can buy a freehold apartment in the East Coast or River Valley areas and get a car to commute.'

Mr Mak added that some Singaporeans will find the city location attractive, while others will not, at this price level.

And those buying to rent it out should also note that they will be competing, not only with other units in the same project, but those in other projects such as Central at Clarke Quay and Icon in Tanjong Pagar.

Mr Song added that given the current supply and demand situation, the rental market will remain soft.

About 4,000 private residential units remain unsold, according to URA's latest real estate statistics.

He said: 'If you rent a place in the east, you can pay half the rental as opposed to one in the city. And don't forget that many expats are here on local terms these days.'

DTZ Debenham Tie Leung director (consulting & research) Lee Wee Liat said that for a project like The Sail, the location itself will be attractive to a certain segment of home-buyers.

He said: 'It's in the CBD and should appeal to yuppies, expats and bankers working there. The renumeration package of those who work in investment banks should allow them to rent a place there. A large part of the demand should be from expatriates too.'

He added that if the economy continues to do well and incomes go up, more and more people should be able to upgrade to afford a nice little apartment in the city.

A tale of two 'cities'

INNER CITY
The fabulous location and proximity to entertainment outlets make it a good bachelor pad, said city-dweller Edmund Lee, 42, a businessman.

He bought a new unit in Emerald Garden in 1996. The 265-unit condo is on Club Street, opposite Far East Square.

Mr Lee said he paid more than $800,000 for his place, which is just over 800 sqft, and is on a 999-year lease.

He said: 'I like the convenience of living in the city. I can walk to work, I don't have to drive, which is great.

'The only downside is that I have to pay ERP charges if I'm returning home from meeting clients, and coffeeshops are limited and open only in the day.'

Property consultant Nicholas Mak said that prices at this project are generally above $800 psf now.

OUTSIDE THE CITY

Bank relationship manager Eugene Tan, 28, said he prefers to live away from the city, simply because it gets too dead in the evening.

He lives in a three-bedroom sea-facing East Coast apartment that he shares with his parents.

He reckoned that his Lagoon View place would cost about $500,000 in the resale market.

Said Mr Tan, who drives to work in the CBD every day: 'In the city, it's too quiet at night and it feels too cold. And the amenities are lacking. You can find restaurants but they are usually pricey.

'After all, I work in the city and I don't think I'll want to be in the same area when I return home too. I'd prefer to get away from it all after a long day.'

Copyright © 2004 Singapore Press Holdings Ltd. All rights reserved.

One of the most expensive 99-year leasehold projects here - the new Sail@Marina Bay located right on Shenton Way - is estimated to be priced at around $900 psf, said industry sources.

http://img36.exs.cx/img36/1197/sail2510.jpg
The site

Rendering in the Lianhe Zaobao.......

http://img91.exs.cx/img91/3425/DSCN320311.jpg

CityDev & AIG sell The Sail units at an average of $900 psf

30 Oct 04

By VINCE CHONG

NEW downtown residential project The Sail@Marina Bay will be released at an average $900 per square foot (psf) tomorrow, but is expected to climb to $930-$950 psf by the time it is officially launched in three weeks' time.

http://business-times.asia1.com.sg/mnt/media/image/launched/2004-10-30/vcsail30-212314.jpg
All aboard: A spectacular laser show at the cocktail launch of The Sail@Marina Bay at Merlion Promenade

Calling it his 'most beautiful project', Singapore tycoon and City Developments executive chairman Kwek Leng Beng said at a media briefing yesterday that he believes The Sail, comprising two towers of 1,111 units, can appreciate substantially when it is completed in four years. The 99-year leasehold development is a joint venture between CityDev and AIG.

Property prices, Mr Kwek said, could rise by 5-10 per cent a year over this period. 'The surrounding region has gone up quite a bit and in Singapore, we're just beginning to see movement,' he said.

At a cocktail event after the briefing, Mr Kwek told BT that he expected some buyers to come in with the intention of flipping their properties. At $900 psf, The Sail is priced at below analysts' expectations of $950-1,000 psf. For those with such intentions, Mr Kwek had this tip: hold for four years, because the property will appreciate.

At the briefing earlier, Mr Kwek said: 'Supply has also gone down to 12,000-13,000 unsold units, from over 20,000 previously. I think it (The Sail) is relatively cheap because if you compare it to districts 9, 10, for example, prices could go up to $1,500, $1,600, $1,700 psf, so it's a steal. I understand that the policy here is for moderate growth but practically speaking, you can't control the horses when they run.'

Some 250 homes in the taller 70-storey tower comprising 681 homes will be released in phase one, said CityDev group general manager Chia Ngiang Hong. Units will also be launched in Jakarta and Hong Kong next month.

The second 63-storey tower comprising 430 units will be kept for the time being for institutional en bloc sale or, as Mr Kwek said, 'other purposes'.

Indeed, he revealed offers of $700-plus psf to $810 psf on average have been received for the shorter tower. 'But I'm not keen to sell now,' he said. 'In four years, I may decide to use it for other purposes. Looking at the rental situation in Singapore, I could earn over 5 per cent by renting the units out. It is always possible to operate them as service apartments.' Without revealing the project's breakeven, Mr Kwek said he is expecting to make 'good, reasonable profit', with valuation of the 1,000-plus homes rising beyond the $1 billion mark if the forecast market recovery stays on track.

The homes, totalling about one million sq ft in size, are currently worth a collective $900 million using the $900 psf average price tag. The iconic Sail, when it's completed in early 2009, would not only be Singapore's tallest residential project but also one of the highest apartment buildings in the world.

Noticed they mentioned about "leasing" the shorter block. What does that really imply?

Looks nice, but woildn't BFC block its base from our view?

Noticed they mentioned about "leasing" the shorter block. What does that really imply?

serviced apartments? maybe they wanna make more profit from that.

@redstone, the BFC wont bloc the view of the base at all.

http://www.skyscrapercity.com/photopost/data/500/103bf.jpg
http://www.skyscrapercity.com/photopost/data/500/103bf2.jpg

Oh, I see......

Hope they demolish the Customs Harbour Branch pier. Looks so ugly...
And I don't think it's in use now.

wah.....so nice...finally Singapore is back to modernization to the skyline:D thumbs up for Singapore!

wah.....so nice...finally Singapore is back to modernization to the skyline:D thumbs up for Singapore!
Hahaha.....the existing developments too sterile ah? Yeah lah....I think so too. But suddenly we are getting lots of wierd architecture recently leh...some good, some far from good. :D

Looking forward to it. Going to be one of the best looking towers in Singapore.

Wow, this type of flared conjoint twin is really in modern architectural fashion.....egs. Nina Towers ! & 2 in Hong Kong and Federation in Moscow.

Singapore is already proving to be a great skyscraper city, without a doubt!

Wonderful!! :okay:

http://img27.exs.cx/img27/8916/sailsite2.jpg
Sign at site

Passed by the site on a bus yesterday, and I noticed the sign has already been completed. ;)

http://www.skyscrapercity.com/photopost/data/500/103sailmodel.jpg

http://www.skyscrapercity.com/photopost/data/500/103sailmodel2.jpg

http://www.skyscrapercity.com/photopost/data/500/103sailmodel3.jpg

http://www.skyscrapercity.com/photopost/data/500/103sailmodel4.jpg
By RafflesCity

http://img49.exs.cx/img49/8675/sailnitepano.jpg

There is allready a thread about this btw. Nice tower though.

http://www.skyscrapercity.com/photopost/data/500/103sailad3.jpg

http://www.skyscrapercity.com/photopost/data/500/103sailad1.jpg

Hear it'll be officially launched in November! :banana:

Next time, this would be the construction updates thread. :)

Ah i saw this one on indonesian newspapers, there are big adverts with singapore panorama behind it ! :D

looks cool btw

cheers

Ah i saw this one on indonesian newspapers, there are big adverts with singapore panorama behind it ! :D

looks cool btw

cheers
Not surprised. :D They are agreesively marketing it in Jakarta and Hong Kong, because the Indonesians, in particular, have been our traditional high-end housing investors! ;)

Would look nicer without the podium!

the podium wouldnt be visible from the bay, and I think the podium does look swanky!

The podium looks nice actually. It has that Guggenheim Museum cladded look. I think a carpark's hidden behind that cladding. Great touch to an otherwise ugly carpark.

The lobby is so high CLASS! Thats the way apartments' lobbies should be. Thats the way condos' lobbies should be. Condo lobbies suck. HDB lobbies are non existent. The renderings remind me of those high class apartments in NYC. Very cool. And the fact that they named the towers Marina Bay Tower & Central Park Tower is so copycat but I DONT CARE! It sounds nice. Feels like you are living on the edge of Central Park in NYC.

The towers! I am in awe! So bright. My eyes...my eyes...they are blinded by the light! Seriously I hope this marks the start of more unique developments and no more Bank Of China and other boxy types of buildings.

Looks like Singapore will FINALLY have not only a NEAT & HARMONIOUS SKYLINE, but also an EXCITING one.

I wouldn't disagree if anyone said this was the best skyscraper in Asia. Cause all other skyscrapers are either boxy or just one tall stick.

http://www.ura.gov.sg/cudd/cawebsite/images/dt-bfh-enlarge01.jpg
Note that the footprint of the towers had changed. This is the old design of the towers.

All units facing the CBD would be blocked by One Raffles Quay.

Until now, they are launching every other set of 10 floors to Singaporeans. The top twenty are not launced yet, and they have a high chance of being sold to the other countries, to the developers or for rental. The penthouses are already booked, and even those (and there really are such people) who have given the cheques in advance cant buy it.

Its very strange, you know what actually happens?
An interested buyer gives the agent a cheque and requests for the units(yes, unitS) he is interested in, usually in the higher floors that are not yet launched or are not available.

The developer would suddenly launch a few units and the agent would race with other agents to place down the cheque. The sucessful agent will get the unit and so does the rich (and lucky) buyer.

It happened, where the developer launced the four (and only)highest 4 bedroom units on monday. They were promply snapped up in the same hour.
(Each one costs slightly more than $2 million.)


HOWEVER...
almost all the units on the back, those not facing the sea are still vacant, even those on the 50th floor(higest availabe currently).

So if you want to buy a unit, make it quick!!!

Im hardly surprised that the units which arent facing the water (we cant call it a sea soon. :lol: ) are not selling well. For this kind of money, why should anyone pay for a view which looks directly at another 245m building across the road! :D

How tall is the other tower?

How tall is the other tower?
You must have missed it, but to recap, the neighbouring tower, which is under construction now, is 245m....exactly the same height as the condo we are discussing here! :D

http://www.meinhardt.com.sg/admin/project_images/OneRafflesQuayWebsite.jpg

Source: http://www.skyscrapercity.com/showthread.php?t=68446 (its constantly updated with construction photos)

Or http://www.skyscrapercity.com/showthread.php?t=36108 (in this section)

If you refer to the map above, it is the one called "One Raffles Quay". It will be completed 2 years before the condo, so those dwellers wont be able to see much from day one!

Yah, tht's so sad...

No, i meant the one next to The Sail, the other curvy one.

That's 61 storeys tall, called Central Park Tower. :)

No height released for that one? That's funny, the tallest building in my city is called Central Park Tower also. :)

The Sail draws good response at soft launch

7 Nov 04

By Joyce Teo

CITY Developments' (CDL) 1,111-unit iconic residential development The Sail @ Marina Bay has sold at least 175 units in the first week of its soft launch, which it said bodes well for the market.

'This project is a test case for the market because it is one of the most expensive 99-year leasehold residential development and the biggest residential project in the city,' said Chesterton International's director of research and consultancy, Mr Nicholas Mak. The sales figures are impressive, he said.

'If there is sustained demand at this rate, it would encourage more developers to launch.'

CDL's group general manager, Mr Chia Ngiang Hong, said it has sold over 70 per cent of the 250 units released for its soft launch on Oct 30.

The sales were so encouraging that CDL has decided to bring forward the public launch from the third week of this month to this week, but the date is not fixed yet, said Mr Chia. It will release 100 to 150 more units.

Initial sales of The Sail were done at an average of $900 psf, but CDL has said it hopes to jack up the price to $930-$950 psf after its official launch.

A property market source said most buyers would pay more for the sea-facing units, especially considering the height of the development.

The Sail is Singapore's tallest residential building, and some 60 per cent of the units there offer sea views. It has a 70-storey tower with 681 units and a 63-storey tower with 430 units.

Only the 70-storey tower is available for sale now. The second tower could be sold en bloc, or kept for leasing purposes.

Indeed, buyers who love city views would find it easier on their pocket. Mr Chia said the price difference between sea-facing and city-facing units at The Sail is approximately 10-15 per cent.

This means buyers can own a 592 sq ft one bed-room, city-view studio apartment at The Sail for $450,000 upwards.

The Sail has 438 one-bedroom units, 418 two-bedroom units, 175 three-bedroom units, 75 four-bedroom units and five penthouses.

Apart from The Sail, buyers have plenty of home choices, as there are still unsold units in recently launched properties such as Kovan Melody, a 778-unit mass-market suburban project located next to the Kovan MRT station; the 452-unit freehold Ris Grandeur in Pasir Ris; and the 530-unit Varsity Park in the West Coast.

It will be officially launched this Thursday, 11 November 2004! :banana:

No height released for that one? That's funny, the tallest building in my city is called Central Park Tower also. :)
Nope...no height info. Even the 245m height info was initially asumed as the site has a 245m height limit, but the media seem to assume it is 245m too, along with the developers' media releases. We dont know what is the actual height in the plans thou.

So there's a height limit of 245m, but no actual height given?

It actually looks taller than most surrounding buildings that are around 245m in height. Maybe the height is actually really taller, no wonder they claimed it as the top 10 residences. Who knows.

So there's a height limit of 245m, but no actual height given?
the PR of the developers also say 245m, but it might be 244.9m, so we wont know for sure until we have priviledged access? :D

And no, it wont be over 245m, unless the garmen decide to be a little sneaky here, which I doubt they will. It looks taller thanks to the developer making it look so big lah.....its definitely not so in real life. Typical marketing gimmick!

the PR of the developers also say 245m, but it might be 244.9m, so we wont know for sure until we have priviledged access? :D

And no, it wont be over 245m, unless the garmen decide to be a little sneaky here, which I doubt they will. It looks taller thanks to the developer making it look so big lah.....its definitely not so in real life. Typical marketing gimmick!

Just pray that the govt is sneaky. I want our govt to be sneaky...haha...

Just pray that the govt is sneaky. I want our govt to be sneaky...haha...
Haha...yeah that height limit is so silly. Whats so astetically pleasing of having a whole row of 245m towers?? They probably realised how silly it is going to be, when they inroduced "stepped" height limits for the BFC, because the next developer is probably going to do the exact same thing of building right up to the max limit to maximise yield!

Ah siao, need so many height limits for what?

And what's the idea of a neat row of 30 storey something skyscrapers at Tanjong Pagar?

Look at Maybank, BOC and StanChart, all in a straight row, same height.
And at Raffles Quay?
Straits Trading, Tung, Ocean Towers & Building the same height? :bash:

So silly, 'forcing' a skyline!

Nothing like govt control to make the skyline 100 percent elegant. If only the max height was 300m, a nice round figure. That would be good enough for a very long time.

300 isnt a nice figure. 280 is very auspicious you know? :lol:

Is 280 an auspicious figure? :eek:

How 'bout a 888m height limit? :D :lol:

:rofl: 28 is an auspicious figure since it means double 8. 280 is therefore a local extension of that? ;)

888 is even more auspicious thou. :D

:rofl: 28 is an auspicious figure since it means double 8. 280 is therefore a local extension of that? ;)


bleah I thought there was some signiificance to the figure since feng shui seems to play a part in our skyline
:cheers:

CHANGE THE TITLE. THE SAIL@MARINA BAY HAS BEEN OFFICIALLY LAUNCHED TODAY!

Caught the tv commercial earlier. Very soothing music. Nice graphics. Very cool. The towers look goregous in the commercial. Wish I had the money for an apartment there.

Seriously its the best looking residential tower that I have ever seen. Perhaps even the world's best. Looks more like a Sail than a residential building.

Yes I just saw the TV ad yesterday. I must say I am definitely impressed! I am going to try to record it down. :D

Time to rename this thread! :banana:

Time to rename this thread! :banana:
Send a PM to raffie lah! :bash: :D

You guys saw the huge full colour centrespread ad in the straits times and lianhe zaobao?

Ooooh!

The ad looks nice! :cool:

Anyway I am still trying to record the tv ad. Anyone else trying the same thing?

It has really nice music, very nice ad.

Try to take a screenshot! :D

Wats the point of a screenshot??? :lol:

I like that particular scene of its frame appearing from behind the existing buildings at Raffles Place. Real cool!

Take using a digicam of those nice parts, like the frame thing.

It looks cool as an animation mah...

It looks cool as an animation mah...

Trying to record it using the digicam video function. The file size should be under 700KB. If you want the best quality its about 15MB which is crazy, no way.

I like the fonts. Very modern fonts. The theme music I think I heard it as the intro music of some Channel NewsAsia program quite some time ago. But they incorporated that music into this commercial, and jazzed it up a lil bit.

I like the ending, where the two towers are GLEAMING. I like very part of the commercial. The new status symbol.

i want i want i want i want!!!!!!!!!! gimme!!! nicholasliha@gmail.com!

Beware...lousy quality...thats the best I could do capturing video on a digicam from a CRT (flickering) television source.

Well at least the commercial's finally put online...

The Sail @ Marina Bay

Commercial Screen Captures

1
© Ignoramus
http://img114.exs.cx/img114/6460/DSC02732.jpg

2
© Ignoramus
http://img18.exs.cx/img18/7871/DSC02733.jpg

3
© Ignoramus
http://img25.exs.cx/img25/7614/DSC02734.jpg

4
© Ignoramus
http://img92.exs.cx/img92/6743/DSC02741.jpg

5
© Ignoramus
http://img106.exs.cx/img106/5051/DSC02744.jpg

6
© Ignoramus
http://img106.exs.cx/img106/1720/DSC02763.jpg

7
© Ignoramus
http://img116.exs.cx/img116/4535/DSC02768.jpg

8
© Ignoramus
http://img48.exs.cx/img48/8651/DSC02772.jpg

9
© Ignoramus
http://img32.exs.cx/img32/608/DSC02777.jpg

omg, ignoramus! do you have the video you can send me?! or else i'll park my ass in front of CNA for the next 5 hours trying to catch it on mine!!! HEY! we should do videos of Singapore together like the bus videos in the HK forums.

The Sail @ Marina Bay

Commercial

MPEG/1.28 MB
© Ignoramus
http://www.geocities.com/skyscrapercountry/MOV02729.MPG

omg, ignoramus! do you have the video you can send me?! or else i'll park my ass in front of CNA for the next 5 hours trying to catch it on mine!!! HEY! we should do videos of Singapore together like the bus videos in the HK forums.

Oh okay but my memory card only has a pathetic 15 MB of space or in other words 11 minutes of average quality video space. Normally, the quality should be better than the quality of the commercial posted below (after all, the commercial was taken from a flickering tv screen and that seriously the best I can do).

The Sail @ Marina Bay

Commercial

MPEG/1.28 MB
© Ignoramus
http://www.geocities.com/skyscrapercountry/MOV02729.MPG
I get an error. :(

Just managed to record via my dvd player, but kept missing out on the first few seconds. Have to try again tomorrow..hahaha. Anyway I notice it tends to play during the news segments?

YAYhaha!!!! :) i'm so happy i'm shitting tears! nah. you know, i turned on cna for 5 mintues just now and caught it for myself on video. i will post it up soon! heavy rotation! great stuff! i wonder if anyone can provide union square advertisements.

I get an error. :(

Just managed to record via my dvd player, but kept missing out on the first few seconds. Have to try again tomorrow..hahaha. Anyway I notice it tends to play during the news segments?

You could view the MRT videos the last time right? If you could, that means that the site might have exceeded GeoCities bandwidth limits, meaning only after a day or so can people continue to view the video from that site.

Are you able to post it online huaiwei? The best time would be at 9pm to 10pm when PrimeTime News on Channel NewsAsia is being shown. They show it either in 15 min or 30 min blocks. From past experience, they tend to show it like after an entire news bulletin a.k.a. 9.30pm. Just start recording for an entire hour. You will catch it.

nicholasliha, post it online lar! I am sure your quality is better than mine and you can find a better host than GeoCities. Geocities sucks.

Mine will be tedious....I recorded it in the highest quality possible, and that means a file which is at DVD quality. Gotta wonder how to shrink it down to a more palatable size for distribution! :D

:eek2:
Pretty nice!

Mine will be tedious....I recorded it in the highest quality possible, and that means a file which is at DVD quality. Gotta wonder how to shrink it down to a more palatable size for distribution! :D

How much did you DVD recorder cost? Anyways just put it to the lowest quality and put it online. The best quality one I can just watch it on my VCR.

Duno...think about 600 bucks or something...

I ran out of DVD disks leh...hahahaa!

Wow, this is cool stuff, I'm jealous. :( I wish they would build stuff like this in Seattle. :(

Wow, now I'm seeing the ad like 4 times on TV within only 4 hours or so!

Duno...think about 600 bucks or something...

I ran out of DVD disks leh...hahahaa!

Aiyo so cheap buy somemore lar...

Wow, now I'm seeing the ad like 4 times on TV within only 4 hours or so!
Which channel? I am still trying to grap the Chinese version...

All the channels?

I am only trying to grap the chinese version lah. The English one I got liao. And CNA is not in my options, coz got the stupid news ticker at the bottom.

http://www.skyscrapercity.com/showthread.php?p=3153554#post3153554
Please go here for updates! :D :banana:

bump

Is there a need for 3 threads about the same tower??

- Singapore's new 70-storey apartment - HUGE rendering!!!
- BREAKING NEWS: 245m condo launched in Singapore!
- The Sail @ Marina Bay (245m) updates thread