SEPT 30, 2004
World-class facility on Sentosa for mega-yachts by 2005
By Joyce Teo

OWNERS of multi-million-dollar mega-yachts here will soon have a world-class facility to moor their vessels.

Upmarket development Sentosa Cove will be building Singapore's first world-class, purpose-built mega-yacht facility to complement the 2,600 posh bungalows, terrace houses and condominiums that will be built in the enclave.

With the space to berth some 204 vessels, including at least 10 mega-yachts of up to 80m in length, it will also be Singapore's first and only sheltered marina and will have full town-club facilities.

Sentosa Cove yesterday awarded its marina tender to SUTL group, which owns and operates a bowling chain as well as an integrated leisure and entertainment centre called Saigon Superbowl in Vietnam, among other lifestyle and leisure businesses.

SUTL's chairman and managing director, Mr Arthur Tay, projects a $60 million to $100 million investment.

He said the handful of mega-yacht owners in Singapore now prefer to moor elsewhere because there is no world-class facility here. Mega-yachts are typically around 35m to 61m in length and cost at least $20 million.

'The mega-yachts will be able to come in and get fuel pumped directly into the wall of the vessel and the garbage sucked out,' he said. Now, the practice is for a barge to meet them on the open sea.

Raffles Marina has mega-yacht berths, but not the world-class facilities.

The Sentosa Cove marina's first 100 pontoon berths, including 10 for mega-yachts, are expected to be ready by the end of next year.

The clubhouse and marina facilities should be completed by the end of 2007; and the remaining 104 berths by 2009.

The marina tender is for a period of 30 years, with an option to renew for another three.

Its location, as part of Sentosa Cove, is seen as a major draw. 'Around the marina, 8,000 to 10,000 people will be living there. Cafes, restaurants and five-star hotels will be within walking distance,' said the chief executive officer of Sentosa Leisure Group, Mr Darrell Metzger.

'If you put it elsewhere, it is probably not going to work,' he added.

Mr Jykrii Jaamaa, general manager of ship broker and distributor Simpson Marine, said: 'Singapore needs more infrastructure to attract boaters, not just the mega-yachts but also the smaller boats.'

The marina will be SUTL's largest project in Singapore, where it has developed landed homes, said Mr Tay, who owns a yacht.

'It will be a members-driven club but Sentosa is a tourist place so we may let tourists into our restaurants,' he said, adding that they may consider reserving selected berths for clients, for a fee.

Copyright @ 2004 Singapore Press Holdings. All rights reserved.

Sentosa to get exclusive new marina club

8 Apr 05

Called ONE 15, it will cost $80m and is scheduled to be ready by Q1 2007

By ALEXANDRA HO


(SINGAPORE) A swanky new marina club on Sentosa aims to be Singapore's answer to the French Riviera - and a place where the wealthy converge and cavort.

http://business-times.asia1.com.sg/mnt/media/image/launched/2005-04-08/ahmarina8-225139.jpg
The marina will be able to accommodate 240 boats, with 13 berths for mega-yachts longer than 85 feet. More mega-yacht berths may be added later.

ONE 15 - named for its location one degree and 15 minutes north of the equator - will occupy a 1.7-hectare site on the eastern part of the island close to the upmarket enclave of Sentosa Cove, where multi-million dollar homes and land are in hot demand.

The marina will be able to accommodate 240 boats, with 13 berths for mega-yachts longer than 85 feet. More mega-yacht berths may be added later.

The $80 million project, launched yesterday, is being developed by SUTL - better known as a food and beverage distributor. The clubhouse, which will have full town club facilities, should be ready in the first quarter of 2007.

But ONE 15 chairman and managing director Arthur Tay hopes to see it finished sooner.

To help get things off to a flying start, ONE 15 will host the boats that stop in Singapore during the Clipper round-the-world race in January next year.

Mr Tay, himself a boating enthusiast, said most berths will be ready by then.

To keep the club exclusive, there will be only 4,000 memberships. But they aren't priced sky-high. The launch price is $28,000, sweetened to an auspicious $23,888 for the first 1,000 people who sign up. Ordinary and corporate memberships are available.

Monthly dues are likely to be between $90 and $120.

There are also plans to tie up with Sentosa Golf Club next door, so ONE 15 members can play a round there.

Mr Tay expects most members to be Singaporeans, with a good sprinkling of expatriates, people from the region and corporations. 'We know the nautical lovers are all waiting for this,' he said. 'I know people who have other marina club memberships who are dying to come here because of the location.'

ONE 15 will be marketed around the world. And chief marina officer Tan Hua Chiow expects strong demand. 'People have already come and asked about membership,' he said. 'I have groups from as far as Norway. . .business groups. . .who want to come in.

Mr Tan said they are attracted by the club's ideal location as a jumping-off point for regional boating destinations, as well as Singapore's year-round boating climate.

Berthing fees at ONE 15 have not been settled, but will depend on factors such as boat type, berth location and lease term. Average berthing prices elsewhere are $12-14 per foot of boat length per month.

Prominent local architect Tan Hock Beng of Maps Design Studio will design ONE 15, which Mr Tay said will be 'full of light, metal and glass' - instead of the usual nautical themes of anchors and ropes.

2 May 2005
Sentosa Cove - Exclusive Waterfront Living
http://www.sentosacove.com.sg


Azure seas. Acclaimed golf courses. Nature in all her resplendent glory. The city just 10 minutes away. A marina at your doorstep.

This is Sentosa Cove, one of the world's most exclusive oceanfront residential community.

Dive into the ultimate luxury of this world-class development, nestled on Sentosa island's eastern shores, and a sanctuary you can truly call home.

Design your own living space on generous land parcels that offers a wealth of opportunity for the individualistic and bold.

Savour the luxury of modern living at the Marina Village - where wining, dining and shopping are just a stone's throw away from your front lawn. and have we mentioned Sentosa Cove Marina, Asia's finest yachting hub and meeting point for the world's yachtsmen?

Come, sail home to Sentosa Cove.
Extracted from website.
------------------------------

The road to Sentosa Cove is lined with such nice greenery...
http://img175.exs.cx/img175/5543/dsc35638jv.jpg

The Entrance to Sentosa Cove
http://img175.echo.cx/img175/240/dsc36029yq.jpg

After the Entrance, you are greeted by the Dolphins' fountain amid the lush greenery and flowers...
http://img175.echo.cx/img175/8607/sc29ww.jpg

Sentosa Cove Banner
http://img175.echo.cx/img175/5079/dsc36149vm.jpg

The Sentosa Cove Plan View
http://img175.echo.cx/img175/4821/dsc38539if.jpg

A distant view.....:)

http://img30.echo.cx/img30/6290/pic0183111kv.jpg

Oh well, here's a pic I took when I went to the showroom.:)
http://img146.echo.cx/img146/5885/16ot.jpg

Probably the most covetable address in future?

http://img175.echo.cx/img175/9752/dsc38111pe.jpg

To the Marina
http://img175.echo.cx/img175/6448/dsc36565as.jpg

Leisure time on the yacht against city skyline
http://img175.echo.cx/img175/6871/dsc36798ea.jpg

Still, as yet, pristine.

Sales Office of Oneº15 Marina Club Singapore
http://img175.echo.cx/img175/8421/dsc36899ev.jpg

The Proposed Design
http://img175.echo.cx/img175/2152/dsc37013cp.jpg

btw, if you sign up as a new member... you could qualify for this...
2004 Model year Grady White 225 Dual Console Tournament Fishing Boat worth $128,000!

http://img175.echo.cx/img175/6163/dsc37038ep.jpg

owww beautiful surreal paradise

@All

Like this? :)
http://img175.echo.cx/img175/7379/sc7bm.jpg

i got the berth brochure !!!

if u want to see like sentosa cove in indonesia check out pantai mutiara at jakarta old complex but look new and exactly look like sentosa cove!

it has bungalow,apartment,town house and many more!!!

i will post some pic!

this is the areal view of the pantai

http://img.photobucket.com/albums/v702/encon/bn2-4.jpg

i will post the houses & apartment

Lets make this the new Sentosa Cove thread!

very nice pics...it has such a relaxing environment to it...with the sounds of the sea and the smell of salt air....amazing :cool:

Is Sentosa Cove the only residential area in Sentosa Island?

One of my sister's good friend's family bought a unit there! :eek:

http://business-times.asia1.com.sg/mnt/media/image/launched/2005-05-03/050503assen23copy.gif

Interesting article.

The picture of Oneº15 Marina Club Singapore which you have in the article looks much better than the one seen at the Sales Office. :)

omg that doesnt look like singapore at all

i love vivo city!

The post is finally reopen!!!!!

this is the pics of bungalow & apartment at pantai mutiara (jakarta) which is almost the same as sentosa cove !

this is the apartment from above!
http://img.photobucket.com/albums/v702/encon/bn2-4.jpg

this is from ground
http://i6.photobucket.com/albums/y220/encon1/DSC00223.jpg
http://i6.photobucket.com/albums/y220/encon1/DSC00223.jpg

this is the bungalow ! (got boat there ! :D) Taken from the side of the houses :D

http://i6.photobucket.com/albums/y220/encon1/DSC00222.jpg
http://i6.photobucket.com/albums/y220/encon1/DSC00222.jpg

http://i6.photobucket.com/albums/y220/encon1/DSC00221.jpg
http://i6.photobucket.com/albums/y220/encon1/DSC00221.jpg

more to come enjoy!

oh i really love jakarta lah. All that sedimentation of royal Javanese history, social disquiet and undercurrents of superstition. Ok i'm mythicising and essentialising here, but generally the things that have shaped my impressions of big Indonesian cities are:

1. My visit to Surabaya 3 years ago, and seeing streetlights turn red after dark.
2. Teater Ekamatra and her eclectic Indonesian performances. Topics covered at a performance at the substation last November included angsty pontianak monologues and a high spirited spirit dance by a village troupe.
3. Tay Kheng Soon's rhapsody of modern day Javanese urbanism in a book about Tropicality. Where i first came to terms with "Ja-gor-ta-bek" with her 30 million citizens.

I can't say i understand Jakarta at all. But i do appreciate all that wonderful texture when Alfian Sa'at talks about the dramatic differences between Indonesian Malays and Malaysian Malays and Singaporean Malays (more Malaysian than you think). Of course, Jakarta intimidates me, which only heightens the suspense of being a chap cheng chinese in this archipelago, but all that grandiloquence captured in the scale of her being and in the filigree of her courtly rituals makes it easy to imagine about a powerful and graceful Indonesia that finally isn't just the messy backyard of India and China.

Southeast Asia is a really spiritual land to be in. And i am just waxing lyrical about Indonesianity because i'm inspired by the colonial tropical bungalows famous white people built in Bali and Sri Lanka. In their discovery of this warm, earthly paradise they gave us their legacy of architecture and art. So i just wonder if Sentosa Cove is enticing that class of spiritual world wanderers whose eventual contribution to our society is more than just investment dollars, but a lifetime of insight into what living in the tropics is all about. (is it a deeper appreciation of nature? is it disregarding the kitsch of occidental cultures and being at peace with oneself in the presence of the forest? is it the unassuming smile of the natives?)

Sentosa Cove is very real property demand and supply oriented. I'm not impressed by the lifestyles she claims to offer cos they aren't oriented around tropicality. Ok i think enough Bruno Stagno for now. But if anyone asks i have this delightful essay by Bruno Stagno on understanding the tropical condition and how people should live in it.

@All

Like this? :)
http://img175.echo.cx/img175/7379/sc7bm.jpg
Maybe they should really move the port out of the way. The view would probably be much more surreal. :D

this is the pics of bungalow & apartment at pantai mutiara (jakarta) which is almost the same as sentosa cove !


I think the main difference between the Jakarta & the Singapore projects is that the Singapore one will be kept lowrise, with at most two 15-storey blocks. I think this is important to give a 'resort' feel. :cool:

yup o give resort feel and also do not block the view! as the view is quite nice when i go to the showroom!!

The post finally reopen!!

this one another type of bungalow which front has no canal but behind the house is the canal!!

the house front:
http://i6.photobucket.com/albums/y220/encon1/DSC00814.jpg
http://i6.photobucket.com/albums/y220/encon1/DSC00814.jpg

http://i6.photobucket.com/albums/y220/encon1/rumahpantaim.jpg
http://i6.photobucket.com/albums/y220/encon1/rumahpantaim.jpg

the back of the house:
http://i6.photobucket.com/albums/y220/encon1/DSC00815.jpg
http://i6.photobucket.com/albums/y220/encon1/DSC00815.jpg

the canal view behind the house!(see the 1st pic on the right? the same house as above)

http://i6.photobucket.com/albums/y220/encon1/DSC00816.jpg
http://i6.photobucket.com/albums/y220/encon1/DSC00816.jpg

http://i6.photobucket.com/albums/y220/encon1/DSC00817.jpg
http://i6.photobucket.com/albums/y220/encon1/DSC00817.jpg

The post finally reopen!!

this one the house on pantai but no canal/canal view:

http://i6.photobucket.com/albums/y220/encon1/DSC00224.jpg
http://i6.photobucket.com/albums/y220/encon1/DSC00224.jpg

http://i6.photobucket.com/albums/y220/encon1/DSC00819.jpg
http://i6.photobucket.com/albums/y220/encon1/DSC00819.jpg

http://i6.photobucket.com/albums/y220/encon1/DSC00818.jpg
http://i6.photobucket.com/albums/y220/encon1/DSC00818.jpg

CityDev bags plum Sentosa site for $239m

14 May 05

Joint bid works out to $485 psf ppr; breakeven pegged at $770-$850 psf

By KALPANA RASHIWALA


(SINGAPORE) City Developments, which made waves last year with its top-selling The Sail @ Marina Bay condo, looks set to make another splash now that it has been awarded a plum condo site at Sentosa Cove.


http://business-times.asia1.com.sg/mnt/media/image/launched/2005-05-14/krcondo14-211836.jpg
View from the top: Artist's impression of CityDev's winning design features unobstructed panoramic views of the sea, the Southern Islands and beyond


CityDev teamed up with long-time partner TID to cast its winning bid of about $239 million, or $485 per square foot (psf) of potential gross floor area.

Analysts estimate that a new luxury condo on the 99-year leasehold site could break even at about $770 to $850 psf, depending on how posh it is.

'They should have no difficulty selling an iconic project like that at an average price of around $1,000 psf or even more,' said a property consultant.

'In that segment of the market, pricing is no longer a science. It's more of an art how you market the project, and this sort of property isn't easily replaceable. People aren't just buying homes. They are buying a lifestyle, the bragging rights if you like, the snob appeal,' the consultant added.

In fact, the site that CityDev and TID have bagged is only one of two condo parcels at Sentosa Cove that can be built up to 15 storeys - the highest allowed in the upmarket residential enclave. The two sites grace either side of the entrance to the Cove's marina basin.

Condo plots sold in 2003 to Ho Bee for $351 psf per plot ratio (ppr) and to Centrepoint last year for $411 psf ppr have a designated maximum height of six storeys.

CityDev and TID can build about 270 units for their condo project. They had engaged Wimberly Allison Tong & Goo for the design concept of their tender submission.

CityDev group general manager Chia Ngiang Hong, who was elated by the news of yesterday's award, said: 'With our experience in developing landmark waterfront projects like The Sail @ Marina Bay, the architectural design proposed for our site at Sentosa Cove will certainly be eye-catching.'

CityDev is the listed property arm of Kwek Leng Beng's Hong Leong Group. TID is a partnership between privately held Hong Leong Holdings and Japanese real estate group Mitsui Fudosan.

Sentosa Cove Pte Ltd (SCPL) said that the project on the latest condo site, dubbed C-9, will have 'unobstructed panoramic views of the sea, Southern Islands and beyond'.

'Currently, no other private or public housing in Singapore commands such spectacular views in close proximity to the sea.'

SCPL said that the tender, which closed on April 26, drew 15 design proposals from 10 bids. It did not name the bidders.

BT earlier reported that besides CityDev/TID, bidders included Ho Bee, Centrepoint, GuocoLand, Wing Tai Holdings, Far East Organisation, Indonesia's Lippo Group, and an entity controlled by members of the Kwee family that runs Pontiac Land Group. Some of these parties are said to have placed more than one bid.

An independent external panel of three architects selected the three best submissions based purely on design. And having made the cut in this round, CityDev/TID was chosen as the winning design proposal. Looking at price alone, the CityDev/TID bid was among the top three of the 10 tender bids.

SCPL chairman Jennie Chua declined to reveal the highest bid but said the highest three of the 10 tender bids were 'competitive'. She described the $485 psf ppr as 'comfortable' for SCPL and CityDev/TID. 'We can both smile about it,' she added.

WOW! Looks great!!!

nice design of the apartment look more like water place for me rather than the sail @ marinabay

Wah......i like the design.......:eek:

Sentosa Cove Awards Iconic Landmark Tender To CDL-TID

http://www.cdl.com.sg/cdl2.nsf/imageFiles/citynews_jun05@@images@@corporate01.jpg/$FILE/citynews_jun05@@images@@corporate01.jpg


CDL-TID's exceptional design concept was the clincher for a coveted condo site in Sentosa Cove.

The winning bid features an outstanding architectural design created by the internationally renowned Wimberly Allison Tong & Goo (WATG) in association with local design firm Axis Architects Planners. The winning design was selected from 15 other proposals by an independent design panel.

The 99-year leasehold land with a plot ratio of 2.5 was purchased for almost $239 million and has a site area of 197,151 sq. ft. Located at the entrance of the multi-million dollar yacht-marina, it will shape and redefine the skyline as seen from the seaward approach to the south-eastern tip of Singapore. With a maximum permissible height of 15 storeys, it will offer homebuyers an unobstructed view of the sea, Southern Islands and beyond. The development will be a stunning new benchmark for high-rise oceanfront living.

This project is a 50:50 joint venture with TID Pte Ltd.

Source: http://www.cdl.com.sg/cdl2.nsf/citynews_jun05~pg01.htm#02

It looks beautiful...any idea when construction of this condo will start or what it will be called?

I think they have yet named the project. Can't find on CDL website.

i hope this one gets built quickly. wonder if its visible from the cbd or harbourfront

WAH!!!! :eek2:

I wonder when is CDL's project going to launch? Centrepoint is launching theirs - The Azure.

Centrepoint's Sentosa condo at $950 psf - BT

Centrepoint Properties, which is soft-launching its 99-year leasehold The Azure condo at Sentosa Cove today, is understood to be seeking an average price of nearly $950 psf. The price is about 11 per cent higher than the average of $850 psf fetched for the nearby Berth by The Cove condo, developed by Ho Bee. Upmarket projects, especially those facing the waterfront or with other features appealing to foreigners, have been seeing much stronger demand than mass market housing projects aimed at local upgraders. Some foreigners see the Singapore market as undervalued, attracting them to buy into investment-grade luxury properties.

From Centrepoint's website (http://www.centrepointhomes.com)

The Azure
At the very tip of the exclusive enclave of Sentosa Cove, surrounded by unhampered 180 degree sea views, in an exquisite splendour all on its own is The Azure.

Anyone can capture some pics of The Azure and post it here?

This is how Azure look. Anybody visiting the showroom this Sat? Bring us pictures! :)
http://www.the-azure.com/images/azure_pers.jpg

Location
http://www.the-azure.com/images/azure_aerial.jpg

WAH!!!!

So surreal.....

it looks quite impressive from the sea, but probably like in most renderings, its the rendering.

The Azure Gallery

Master bedroom. Wake up to expansive seafront views.
http://www.the-azure.com/images/masterbedrm.jpg

Master bathroom. Five-star hotel master bathroom.
http://www.the-azure.com/images/masterbathrm.jpg

Dining area. Dining space that seamlessly connects into the living room.
http://www.the-azure.com/images/diningrm.jpg

Wet kitchen. Convenient for asian cooking.
http://www.the-azure.com/images/kitchen.jpg

Common bathroom. Generous and well-fitted common baths.
http://www.the-azure.com/images/toilet.jpg

Dry kitchen with Miele convention oven. Branded appliances – perfect for entertaining.
http://www.the-azure.com/images/mieleoven.jpg

Bathroom fittings. Internationally sourced, designer fittings.
http://www.the-azure.com/images/duravittap.jpg

Normally renderings are more whimsical.

Like the render for Newton Suites, surrounded totally by lush green forests. In reality, it's surrounded by a concrete forest. :lol:

By looking at the location, the rendering is correct... on its right. :)

Some nice pics+text I grabbed from the site :D

Front yard. Nothing comes between you and the sea.
http://www.the-azure.com/images/sun_setting.jpg

Back yard. Ten minutes from the pleasures of the city.
http://www.the-azure.com/images/esplanade_view.jpg

Playground. A multi-billion dollar integrated resort adds value and excitement.
http://www.the-azure.com/images/integrated_resorts.jpg

Home. Pool decks and gardens abound.
http://www.the-azure.com/images/swimming_pool.jpg

Wow! It's so popular... probably sold out by this weekend! :eek:

Sale of Centrepoint's Sentosa condo tops 80% - BT, p11

Centrepoint Properties sold more than 40 units at The Azure condo on Sentosa Cove, bringing take-up to over 80 per cent of the total 116 units in the exclusive 99-year leasehold development.

well, looks like the masterplan for Sentosa Cove is paying off well!

omggg i want that miele steam oven. the common bathroom's shower area looks a little too uncovered; i think the toilet might become very wet if someone showers there.

This is how Azure look. Anybody visiting the showroom this Sat? Bring us pictures! :)
http://www.the-azure.com/images/azure_pers.jpg

Location
http://www.the-azure.com/images/azure_aerial.jpg

OMG!!!!!!!!!!!!!!!The location is PERFECT!!!!

I'm sure a corner apartment would be surreal, 180 degrees of sea and nothing else!

CDL's condo project (not launched yet) is at the mouth of Sentosa Cove Marina. I think it will offer even better sea view :)

With the help of google earth, the best view in the entire development is actually from the units on the left of this rendering.
http://www.the-azure.com/images/azure_pers.jpg
Anything on the right faces the coast of Singapore
Anything on the left of that is angled to face the offshore islands

If you ask me, the 2 to 4 units circled in red are the BEST apartment units in the whole of Sentosa Cove, in terms of view.

http://img186.imageshack.us/img186/2383/best2vy.jpg (http://imageshack.us)

Clearance from the trees, and clearance from islands and land. Just pure, expansive sea views, they put the berth, carribean, costa del sol, sail, cote de azure to shame!

:lol: Imagine the sea breeze every morning... guess whoever bought those units would have a hard time getting out of bed every morning!

from those units, if you were to look straight ahead, ignoring the lands on either side, the nearest island would be Borneo!

:lol: Imagine the sea breeze every morning... guess whoever bought those units would have a hard time getting out of bed every morning!

That is my new dream house!!!!!

I'll take the upper one, with the roof terrace.:yes:

actually, the home buyers wouldn't know, and may pay the same price for the unit on the immediate right of it, what they would get is beautiful views of East Coast park.:D

ask your dad to buy :p

Most units of The Azure sold; prices said to be up - Weekend BT (1-2/10/05), p9

Centrepoint Properties has sold most of its units at the 116-unit The Azure at Sentosa Cove. In addition, it has raised prices a further 5% yesterday even though the remaining units do not have best facing.

If only I had the money can buy and sell for extra 5%.:D

hmmm... 5% of $1 million ($50k) may not be worth the trouble taking into account the transaction cost, hassle and stress of finding another buyer. ;)

Oct 4, 2005
Public launch for Sentosa Cove condo scrapped
Only a handful of units left at The Azure after soft launch last week

By Joyce Teo
Property Correspondent

IT HAS not happened in years.

Centrepoint Properties' Sentosa Cove luxury condominium The Azure has been such a hit among an elite group of buyers attending preview sales that the firm has scrapped the project's public launch.

Market-watchers say this is a clear indication that the high-end private home market is really picking up.

A public launch is usually regarded in the industry as a vital marketing opportunity - the big bells and whistles event used by developers to show off a new project.

But this has proved unnecessary for the six-storey 116-unit The Azure, featuring panoramic sea views.

The wraps were partially taken off only last Thursday at a soft launch but there are now just a handful of units left, industry sources said.

This is all the more remarkable, said one source, given that sales have so far been open only to staff and invited guests, including people who made earlier inquiries.

The intense demand has apparently pushed prices to just above $1,000 per sq ft (psf) on average, from around $930 to $950 psf when it was first released around two weeks ago, they said.

Sentosa Cove's first condo, the 200-unit The Berth by The Cove, reached an average price of $850 psf.

The response to the 99-year leasehold The Azure has been so strong that buyers were apparently queuing outside the sales office early on Thursday morning.

Such queues were common back in the property boom of 1996 but have been rare since.

The Azure has sold out its 13 penthouses as well as four 'sky' villas, which are the largest units, ranging in size from 4,123 sq ft to 4,532 sq ft.

So far, about 70 per cent of The Azure units are believed to have been sold to locals.

This bucks a trend at other recent projects that offer lifestyle living such as The Sail @ Marina Bay and The Berth by The Cove where foreign buyers took up at least 40 per cent of the launched units.

Among the buyers are F&N's executive chairman, Mr Michael Fam, managing director and deputy chief executive Han Cheng Fong, director Lee Tih Shih and Ms Jessica Lee, the relative of a director. Centrepoint is the property arm of Fraser & Neave.

The Azure's performance comes at a time when property prices are still about 35 per cent lower than the peak in 1996 and major launches have been few and far between.

Sources said The Azure benefited from the rising popularity of Sentosa Cove's exclusive waterfront living concept on the island, one of two places earmarked for integrated casino resorts.

Also, it is a fairly small, exclusive project.

A property consultant said Centrepoint has so far kept very quiet about The Azure, creating a sense of mystery and a snobbish air around the project.

Industry sources have mixed views on whether the transacted price is high or low.

'If something sells out without a launch...it is likely because the price is very good,' said one.

But another observer said: 'There will be more condos coming up in Sentosa Cove and over time, the property's value depreciates as the lease gets shorter. The upside potential may be limited.'

The next Sentosa Cove condominium will be from City Developments and TID, which won a tender to build a condominium of up to 15 storeys - the highest in the enclave.

Their winning bid for the land was about $485 psf per plot ratio (ppr).

In comparison, Centrepoint paid $411 psf ppr for The Azure site while Ho Bee paid $351 psf ppr for its Sentosa Cove condominium site.

Next up for Centrepoint is its 99-year leasehold condominium Raintree at Hindhede Road in Upper Bukit Timah, which is aimed at upgraders.

The 315-unit Raintree is expected to be launched around the end of this month.

joyceteo@sph.com.sg
Copyright © 2005 Singapore Press Holdings. All rights reserved.

by the look of it, CDL's Sentosa Cove condo project would go for S$1,000psf minimum when it's launched. Price about the same as Sail@Marina :eek:

by the look of it, CDL's Sentosa Cove condo project would go for S$1,000psf minimum when it's launched. Price about the same as Sail@Marina :eek:


Started to feel the powerful effect of Casino.

i wouldn't want to live there though. the view wouldn't be as fantastic with so many ships discharging waste into the straits. we were canoeing near one of those tankers and the things that came out were EWWWWWWWWWWWWWWWw.

i'd stay in the city anytime. i think part of the exclusive singapore elite's dream is seeing his children attending top schools in bt timah.

Actually Singapore's sea from AFAR LOOKS quite okay, we belong to the area where the ang mors call "paradise" haha. Btw, were the things shiny and colourful? :D

"i think part of the exclusive singapore elite's dream is seeing his children attending top schools in bt timah."
You are right, but I don't think that should be the way.

For me, the greatest achievement is to exit Singapore's conservative boundaries and to be oneself, which is the opposite of your version.:)

If you're an old boy / old girl, then getting your kid into one of these primary schools in the bukit timah/dunearn area is not a problem.

After allocating places to the children of alumni, there will be very few places left for parents who apply thru residential proximity anyway (what do you call that, Phase 2A? 2B?)... so staying in the city/bukit timah in order to get your kid into these schools may not be the solution after all... you can try, but chances aren't high.

if neither you nor spouse is an alumni, you could try getting your kid in thru substantial monetary donations to the school fund! i mean money shouldn't be a problem if you can afford to live on sentosa cove... you know...

You sound like a parent. j/k:D

Anyways, by the time we have children, the birth rate would be so low that all the schools left would be the good ones, the rest would just close down, they can't possibly keep up with the 8 student/class scheme that some pri schools are experiencing, it is simply too expensive.

hehe... no lah, this old boy/girl scheme has been around for ages wat, even during my parents' time...

i became aware of the rest (like donations and residential proximity) because of all those young mothers in the office i used to work in.. hehe... women velly kan cheong wan, you know?

Haha, exactly!

Tender opens for fourth Sentosa Cove parcel

26 Oct 05

Consultants say bids may reach up to $500 psf

By ARTHUR SIM


THE fourth condominium parcel of land at Sentosa Cove is open for tender and developers have about six weeks to decide how much they are willing to pay for it.

http://business-times.asia1.com.sg/mnt/media/image/launched/2005-10-26/261005_ascove26_Pg10.gif

The site has a plot ratio of 1.8 and a potential gross floor area of 47,308 sq m. It can be built up to six storeys and have up to 262 units.

Since Sentosa Cove was launched in late 2003, land premiums for its condominium parcels have increased by over 38 per cent. The first went to Ho Bee Group for $109.88 million or $351 psf per plot ratio. A year later, The Berth was launched and prices for the 200-unit condominium crossed the $800 psf mark. The breakeven cost was estimated at about $640 psf.

Shortly after, the second condominium parcel was sold to Centrepoint Properties for $86.9 million or about $411 psf per plot ratio. The 116-unit condominium was sold out this month at an average price of $950. In May, City Developments and TID paid $485 psf per plot ratio for the third condominium parcel.

Savills' senior manager for research and consultancy, Wallace Chu, said prices for the fourth condominium parcel could even touch $500 psf. 'I think developers will bid aggressively because of the good views. More importantly, developers have the choice of phasing the development because the site is actually made up of three smaller parcels. Some developers may want to test the market by launching phases at different times,' he added.

Mr Chu said he would not be surprised if foreign developers, new to Singapore, came in to bid. Explaining that these developers would have been following the market closely, he thinks foreign developers may make their first foray into Singapore because the market there has already been established.

Developers may want to exercise some caution, though. Chesterton International head of research and consultancy Colin Tan said although prices for units there are high, 'it is hard to say if we have already seen the peak'. If so, a developer who bids too aggressively may need to 'shave their margins' or gamble with selling at even higher prices. But he conceded the market at Sentosa Cove looks good 'and benchmarks have already been set'.

Sentosa bungalow land prices soar 65% in 7 months

8 Nov 05

Spike in seaside land prices likely to continue into 2006

SINGAPORE) Seaside bungalow land on Sentosa has shot up in price - and is likely to get even more expensive. Sentosa Cove Pte Ltd (SCPL) says prices of bungalow plots have surged 65 per cent in the past seven months and are likely to keep rising into 2006.

http://business-times.asia1.com.sg/mnt/media/image/launched/2005-11-08/BT_3024248_07_11_2005.jpg

Prices now range between $398 and $450 per square foot - up from a reported $260-$302 psf when they were launched in December 2003.

The spike in prices - which have not been revealed before - can be attributed to SCPL dropping the public tender method of sale in March.

Bungalow plots are now sold by private treaty, and interested individuals can approach SCPL at any time.

Eighty-nine plots have been sold this way since March - far more than the 24 plots sold to individuals through public tender since December 2003.

In fact, sales got off to a slow start. Of the first 18 lots released for public tender, seven were not sold because SCPL felt the bids were too low. And at subsequent tenders, not all plots launched were taken up.

The go-ahead for an integrated resort on Sentosa has changed this.

About 170 - or 80 per cent - of the 214 bungalow plots have now been sold. Only about 40 plots remain. And the question is: why haven't these been snapped up, too, especially as SCPL says it gets about 170 enquiries a month from potential buyers?

The most likely reason is that SCPL expects prices to rise higher still.

How the sale prices are derived is not known. But when Della Suantio Lee of the Lee Foundation paid $456 psf for a seafront plot in the first public tender, that was assumed to be the upper limit.

Many of the bungalow plots at Sentosa Cove were sold en bloc to the Ho Bee Group when it bought Coral Island last year and Paradise Island this year.

Market sources estimated then that Ho Bee paid about $220 psf for Coral Island, which will be sub-divided into 21 bungalow plots, and about $260 psf for Paradise Island, with 33 plots.

Knight Frank research director Nicholas Mak notes that prices now are almost comparable to those fetched by good class bungalows (GCB) on the mainland. 'And those are freehold.' That prices could exceed even SCPL's expectations certainly make the bungalow plots 'worthwhile exploring as an investment product'.

However, where some speculation has helped drive up prices of condominium units at Sentosa Cove, the same cannot be said of the bungalow plots.

At Sentosa Cove, 'flipping' of landed housing lots is virtually prohibited. For instance, up to 60 per cent of buyers are foreigners, but none will be allowed to sub-let their future properties. And for all buyers - foreign and local - the landed property can only be resold on the secondary market after a house has been built, which could entail spending up to $2 million.

SCPL says 80 per cent of buyers have already been given permission to start building their houses, although they have up to four years to do so.

'Where there is value added and a longer holding period, it would mean higher risks, but the developer should be able to make more profit,' Mr Mak said.

Jones Lang LaSalle regional director and head of investments Lui Seng Fatt agrees that the remaining plots have not sold yet because of SCPL's 'price expectation'. 'But if I were them, I would not be worried,' he added.

Mr Lui even went as far as to say that 'it might not be a bad thing to close sales'. 'It would not be advantageous to sell off everything before the integrated resorts are completed.'

Any profit investors hope to make will depend largely on rental yields - at the moment these have not been established.

'A local investor would have to get back $20,000 in rent to make back a $6.5 million investment (the estimated price of a completed bungalow at Sentosa Cove), and for that price, you can easily get a good class bungalow in District 9, 10, 11,' Mr Lui said.

Will prices at Sentosa Cove keep going up? Mr Lui thinks SCPL will definitely 'test the limit' with the remaining lots, given phase two of Sentosa Cove is to be sold. But with 'flipping' of properties almost out of the equation, current prices seem to be market driven. SCPL says that of the 40 per cent local buyers, at least half intend to live in their property.

Whether prices have peaked will depend on whether demand has.


By ARTHUR SIM

the power of IR. 8 years ago, we hardly imagine this could be possible. I certainly hope there are profits for SCPL after paying SLA for the land and DBS for the infrastructure loan.

This is an old article which you might be interested to know.

Land Authority pioneers new sales method - options contract
New approach will help reduce risks for developers of mega projects

The Singapore Land Authority (SLA) is breaking new ground with a novel method of selling large land parcels - by options contract.

Exemplifying the new approach is the sale of the site for the Sentosa Cove waterfront project. Under this method, the buyer will pay for the more immediately required part of a huge site upfront - but with an option to buy the rest at a predetermined price within a specified time.

The new sales mode may be offered again for huge land sales in future and should help cut risks for developers of mega projects in Singapore, SLA's deputy chief executive and Commissioner of Lands Vincent Hoong told BT in an interview.

In the case of Sentosa Cove, a waterfront housing district being master-developed on a 117-hectare plot by Sentosa Development Corporation (SDC) subsidiary, Sentosa Cove Pte Ltd (SCPL), SDC has paid upfront for only 83 ha in the northern part of the site, called North Cove. However, in exchange for a fee, it has secured an option from the SLA, which it can exercise within three years, to buy the remaining site, called South Cove, at a price which has been fixed. The valuations were done by the Chief Valuer.

As master developer, SCPL is buying the site for Sentosa Cove from SLA; it will then invest a further sum on infrastructure and subdivide the land into smaller parcels for sale.

Today, it launches the maiden sale of 22 land parcels, to be sold on 99-year tenure, for development into condos, terrace homes and bungalows, to developers and individuals.

The options contract method is aimed at reducing risks to developers in undertaking a mega project. 'For future sites involving similar characteristics, that is, large sites, we'll not rule out the possibility of using the option method of payment, even for competitive bidding cases, including the Government Land Sales (GLS) programme, but not for the run-of-the-mill GLS sites,' said SLA's Mr Hoong.

One noteworthy example of a GLS site expected to be sold with flexible payment involving an options contract is the mega Business and Financial Centre (BFC). The 3.5-hectare site, located at Downtown @ Marina Bay, is widely expected to be put up for tender in the first-half of next year. Based on earlier reports, the state plans to give the successful bidder of the site up to 10 years to pay for the entire land parcel in phases using an options contract.

And the developer may be given up to 18 years to complete the huge project, allowing it to time its development according to market demand.

The options contracts mode of paying for state land was recommended last year by the Land Working Group under the Economic Review Committee. The scheme gives developers more flexibility when paying for land and in phasing a huge development according to market demand. It also gives developers greater cashflow control.

However, it also benefits the state, allowing it to fetch a higher price by allowing the buyer to pay for the land in stages instead of upfront in one go, reasoned Mr Hoong. 'If you were to sell something as large as 117 ha, it involves a huge risk to the buyer and if he were to pay for the entire parcel at one go, he will factor in the risk and this might result in a discount to the land premium,' he argued. For Sentosa Cove, SDC has just paid SLA for the North Cove parcel on a 103-year lease. A lease of the same duration for South Cove will kick in only from the date of exercise of the option. Payment for the South Cove will be made at the time of exercising the option, which has to be done within three years.

Neither SLA nor SDC officials would confirm the land premium for the Sentosa Cove site, but BT previously reported this sum as being about $800 million for the entire 117-ha site. With an overall plot ratio of 0.5, the land premium works out to $127 psf of potential gross floor area. This does not take into account SCPL's to-date and future investments in infrastructure on Sentosa Cove, understood to be to the tune of about $250 million.

On how SDC is paying for the land premium, SDC's CEO Darrell Metzger told BT: 'We have interested banks willing to lend us on a short-term basis until we figure out what's the best long-term financing. The best-case scenario is if all goes well and we put up more sites for sale quicker than anticipated and the cashflow comes in, alleviating our long-term financing requirements.'

by Kalpana Rashiwala
Singapore Business Times
22 Oct 2003

Business Times - 08 Nov 2005

Sentosa bungalow land prices soar 65% in 7 months

Spike in seaside land prices likely to continue into 2006

By ARTHUR SIM

(SINGAPORE) Seaside bungalow land on Sentosa has shot up in price - and is likely to get even more expensive. Sentosa Cove Pte Ltd (SCPL) says prices of bungalow plots have surged 65 per cent in the past seven months and are likely to keep rising into 2006.

Prices now range between $398 and $450 per square foot - up from a reported $260-$302 psf when they were launched in December 2003.

The spike in prices - which have not been revealed before - can be attributed to SCPL dropping the public tender method of sale in March.

Bungalow plots are now sold by private treaty, and interested individuals can approach SCPL at any time.

Eighty-nine plots have been sold this way since March - far more than the 24 plots sold to individuals through public tender since December 2003.

In fact, sales got off to a slow start. Of the first 18 lots released for public tender, seven were not sold because SCPL felt the bids were too low. And at subsequent tenders, not all plots launched were taken up.

The go-ahead for an integrated resort on Sentosa has changed this.

About 170 - or 80 per cent - of the 214 bungalow plots have now been sold. Only about 40 plots remain. And the question is: why haven't these been snapped up, too, especially as SCPL says it gets about 170 enquiries a month from potential buyers?

The most likely reason is that SCPL expects prices to rise higher still.

How the sale prices are derived is not known. But when Della Suantio Lee of the Lee Foundation paid $456 psf for a seafront plot in the first public tender, that was assumed to be the upper limit.

Many of the bungalow plots at Sentosa Cove were sold en bloc to the Ho Bee Group when it bought Coral Island last year and Paradise Island this year.

Market sources estimated then that Ho Bee paid about $220 psf for Coral Island, which will be sub-divided into 21 bungalow plots, and about $260 psf for Paradise Island, with 33 plots.

Knight Frank research director Nicholas Mak notes that prices now are almost comparable to those fetched by good class bungalows (GCB) on the mainland. 'And those are freehold.' That prices could exceed even SCPL's expectations certainly make the bungalow plots 'worthwhile exploring as an investment product'.

However, where some speculation has helped drive up prices of condominium units at Sentosa Cove, the same cannot be said of the bungalow plots.

At Sentosa Cove, 'flipping' of landed housing lots is virtually prohibited. For instance, up to 60 per cent of buyers are foreigners, but none will be allowed to sub-let their future properties. And for all buyers - foreign and local - the landed property can only be resold on the secondary market after a house has been built, which could entail spending up to $2 million.

SCPL says 80 per cent of buyers have already been given permission to start building their houses, although they have up to four years to do so.

'Where there is value added and a longer holding period, it would mean higher risks, but the developer should be able to make more profit,' Mr Mak said.

Jones Lang LaSalle regional director and head of investments Lui Seng Fatt agrees that the remaining plots have not sold yet because of SCPL's 'price expectation'. 'But if I were them, I would not be worried,' he added.

Mr Lui even went as far as to say that 'it might not be a bad thing to close sales'. 'It would not be advantageous to sell off everything before the integrated resorts are completed.'

Any profit investors hope to make will depend largely on rental yields - at the moment these have not been established.

'A local investor would have to get back $20,000 in rent to make back a $6.5 million investment (the estimated price of a completed bungalow at Sentosa Cove), and for that price, you can easily get a good class bungalow in District 9, 10, 11,' Mr Lui said.

Will prices at Sentosa Cove keep going up? Mr Lui thinks SCPL will definitely 'test the limit' with the remaining lots, given phase two of Sentosa Cove is to be sold. But with 'flipping' of properties almost out of the equation, current prices seem to be market driven. SCPL says that of the 40 per cent local buyers, at least half intend to live in their property.

Whether prices have peaked will depend on whether demand has.

Copyright © 2005 Singapore Press Holdings Ltd. All rights reserved.

This story was printed from TODAYonline

Developers given more time to bid

Sentosa Cove tender to close a week later

Wednesday • December 14, 2005

The close of tenders for a prime condominium site on Sentosa has been pushed back a week to Dec 21.

A spokesman for Sentosa Leisure Group said yesterday that the move was to accommodate developers who wanted a longer interval between the close of the Sentosa Cove tender and the recently concluded tender for a choice site along the Orchard Road shopping belt.

The condominium site at Sentosa Cove is made up of three waterfront land parcels with a total land area of 2.6 hectares and a plot ratio of 1.8.

Developers have the flexibility of amalgamating all three land parcels to build a single condominium development or build two or three stand-alone developments on the three parcels.

An adjoining 1.8-hectare site on Sentosa was sold to City Developments and TID for $238.9 million, or $485 per square foot of built-up space, in May this year.

Sentiment toward Singapore real estate has soared since the start of this year with developers offering increasingly higher amounts at Government land sales.

Last Thursday, the 1.8-hec-tare Orchard Turn site at the junction of Orchard Road and Paterson Road attracted the highest bid of $1.38 billion, or approximately $1,025 per square foot of potential gross floor area.

The joint venture of CapitaLand and Sun Hung Kai Properties, which submitted the highest bid, plans to develop the site into a retail-cum-residential complex, CapitaLand said. — Dow Jones

Copyright MediaCorp Press Ltd. All rights reserved.

Business Times - 22 Dec 2005

Ho Bee puts in top bid for Sentosa condo site

It offers benchmark price of $640 psf ppr: sources

By KALPANA RASHIWALA

A TENDER for a 99-year leasehold condominium site at Sentosa Cove yesterday drew seven bids and market talk is that Ho Bee group put in the top bid of about $325 million.

http://business-times.asia1.com.sg/mnt/media/image/launched/2005-12-22/BT3260268_21_12_2005.jpg

This works out to nearly $640 per square foot of potential gross floor area - a new benchmark in the upscale housing district.

But Ho Bee was not alone in its bullish take on the 276,467 sq ft plot, dubbed The Baywater Collection and which actually comprises three land parcels.

The next highest bid, understood to be from Centrepoint Properties, is said to be within 5 per cent of Ho Bee's bid.

Before yesterday's tender close, the highest price fetched for a 99-year leasehold condo site at Sentosa Cove was $485 psf per plot ratio (psf ppr). That price was notched in May when the landmark plot next door gracing the entrance to Sentosa Cove's marina basin was sold to a City Developments-TID Pte Ltd consortium.

Property market watchers say the bullish top bids for the Baywater Collection site was not altogether a surprise, as the site has an elongated double frontage of both the sea and waterway. In other words, all the 262 or so units in the condominium will have both ocean and waterway views.

In addition, there are not that many prime waterfront condo sites on Sentosa Cove remaining. And given the efforts of Sentosa Cove Pte Ltd (SCPL) - the master developer of Sentosa Cove - to position the upscale waterfront housing district as a desirable address for Asia's rich and famous, residential prices there can be expected to escalate further.

Ho Bee's top bid of $640 psf ppr works out to a breakeven cost of about $1,000 psf - not far off from the average price at which Centrepoint's The Azure fetched in October.

A total of 41 berthing facilities will be provided for the condominium on the Baywater Collection site, which should further increase its attraction among the jet set.

Besides Ho Bee and Centrepoint, the other bidders at yesterday's tender close are said to be Wing Tai, SC Global, City Developments, Far East Organization, and a joint venture between CapitaLand and Lippo Group.

The Baywater Collection site is the fourth and largest condo site that SCPL has offered since it began selling housing plots in the upscale residential district in late 2003.

SCPL decided to offer three parcels with separate land titles as a single site to provide the winning bidder the flexibility to amalgamate all three land parcels to build a single condominium development, or to build two or three standalone projects on the three parcels.

Originally, the maximum height for all three plots was set at six storeys, but SCPL later offered a higher eight-storey maximum height for two of the plots.

This will be subject to SCPL getting approval from the planning authorities for the increase in height.

Yesterday's tender required bidders to place their bids based on two scenarios. One assumes that the building height remains at six storeys maximum while the other allows for a two-storey increase in height to eight storeys for two of the three plots.

BT understands that Ho Bee bid close to $640 psf ppr for the latter and a lower price of about $620 psf ppr for the former. On both counts, its bid was the highest, say sources.

That bids crossing $600 psf ppr have been offered for the latest site may surprise some, considering that the maximum height will be only eight storeys, while the plot next door sold to CDL and TID can be built up to 15 storeys high.

But as some seasoned market watchers observed, all condo units in the latest site can face the sea - unlike the earlier plot.

'And once your development is right along the seafront, and nothing else is blocking your view, frankly it may not matter much whether it's eight storeys or 15 storeys, the view's pretty much the same,' said a property source.

In any case, sentiment in Singapore's luxury residential sector has improved by leaps and bounds over the past six months.

This has been fuelled by foreign investors attracted to the growth story that the integrated resorts will bring to the Republic and its property market, which has been lagging those in other parts of Asia.

Copyright © 2005 Singapore Press Holdings Ltd. All rights reserved.

And once your development is right along the seafront, and nothing else is blocking your view, frankly it may not matter much whether it's eight storeys or 15 storeys, the view's pretty much the same,' said a property source.

indeed :yes:

^ lol... provided it's above the trees. ;)

Rendering of CDL's Sentosa Cove Project at the mouth of the Marina

http://img100.imageshack.us/img100/8878/mwsnap0089tm.jpg

Mini Sails! :eek:

Hi

This is my first post here and have been following this great forum with great interest for some time. Appologised if this is posted in the wrong forum section.

Would like to have your view points of Caribbean project in Kepple Bay. Is it still a good buy now (@750 psf) for a 99yr (ef from yr 1999) leasehold land? Considering that they will be more condos next door by Keppel Land by year end & more choices in Santosa Cove itself.

Will it appreciated more in future (due to developement of Santosa Cove & Integrated resort & casino) or will it depreciate in values (maybe not so great due to the excellent location & good rental) as like most other 99yr projects?

Would you buy now or wait for more choises in later of the year & see the direction of interest rate scenarios.

Many thanks and looking forward to all your inputs as need to decide soon.

^ hmmm... there are newer projects coming up... you might want to wait for those.


The first condo in Sentosa Cove - The Berth. Looks almost ready from this angle.
http://img100.imageshack.us/img100/4839/dsc11555az.jpg

Thats a beautiful pic...it has progressed a lot!

What is that u/c on the left?

Thanks!

The houses in Coral Island Collection. Each house seems to be equipped with a timber pontoon when completed. Its showflat is on the right of the pic in front of The Berth and viewing is by appointment only.

A close-up of the houses
http://img100.imageshack.us/img100/6703/dsc11532jz.jpg

Rendering of CDL's Sentosa Cove Project at the mouth of the Marina
http://img100.imageshack.us/img100/8878/mwsnap0089tm.jpg

Here's the update. To be the tallest condo in Sentosa Cove. Preparing the showflat and launching soon.

http://img100.imageshack.us/img100/3328/dsc11230hj.jpg

http://img100.imageshack.us/img100/7984/dsc11443wh.jpg

http://img100.imageshack.us/img100/4421/dsc11469bx.jpg

oh dear, they're really milking the success of the sail :(

^ Not just this project.

The construction update for Marina Club at Sentosa Cove.

http://img100.imageshack.us/img100/4660/dsc10925tp.jpg

http://img100.imageshack.us/img100/9417/dsc10958xl.jpg

hrmm i dunno to me one 15 looks less derivative from the sail than that condominium. anyway wasn't it launched before the sail? i can't remember, but i think so.

The photos after the statement has nothing to do with it :D

CDL's project would look really huge over there! Cant wait to watch it rise too

Is the Azure facing directly at the port?

depends on the facing I supposed. Most units face the sea.

It was interesting to see the construction workers resting under the palm trees enjoying blue sea and sky. :)

Are those islands in the middle sold already?

http://business-times.asia1.com.sg/mnt/media/image/launched/2005-10-26/261005_ascove26_Pg10.gif

yup

http://www.sentosacove.com.sg/images/sale/overall.jpg

so what's coming up on 3 & 5?

those house collections that you saw in the earlier posts on P4.

More pictures at the information centre.

http://img100.imageshack.us/img100/4229/dsc11120go.jpg

http://img100.imageshack.us/img100/592/dsc11137ze.jpg

Some models

http://img100.imageshack.us/img100/8103/dsc11142op.jpg

http://img100.imageshack.us/img100/8539/dsc11171ft.jpg

Sentosa Cove Marina
http://img100.imageshack.us/img100/2337/dsc11116mq.jpg

Sentosa Cove Landscape
http://img100.imageshack.us/img100/5781/dsc11272sa.jpg

For people who are so affected by noise, this is perfect. Very quiet and clean environment. Also, very exclusive. in fact there are security posts at some parcels after the main one at the entrance.

^ So beautiful and calm....:cool:

yes. Just too hot. :D

Examples of the security gantry points within Sentosa Cove.
http://img100.imageshack.us/img100/8270/dsc11310pe.jpg

http://img100.imageshack.us/img100/6118/dsc11300xu.jpg

On top of that, condo security...

SentosaCove is so beautiful… the sea view will instantly distress even the most stressed-up bus uncle… :p

Can’t wait for CDL to launch their project. Standing at 15 storeys, it will be the tallest development in SentosaCove.

i would love to live on the hillside area ...sigh ...

how to make more money in life? :(

SentosaCove is so beautiful… the sea view will instantly distress even the most stressed-up bus uncle… :p


bus uncle??? the one in HK? :D

Anyway, back to topic. This project "The Villas @ Sentosa Cove" is by A.C.T. Holdings

http://www.acthldgs.com/images/t1_2%20copy.jpg

http://www.acthldgs.com/images/sentosa_map.jpg

Click the link for details like floor plans => http://www.acthldgs.com/new.htm

Really cool model! :cool:

http://img100.imageshack.us/img100/8539/dsc11171ft.jpg

The project when completed resembles some kinda of Mediterranean village!

Guess this project is really the first of its kind in Singapore, or are there other waterfront residential lifestyles?

Some views from the marina at Sentosa Cove, facing the city skyline:

1.
http://img.photobucket.com/albums/v133/RafflesCity/covemarina.jpg

2.
http://img.photobucket.com/albums/v133/RafflesCity/covemarina2.jpg

3.
http://img.photobucket.com/albums/v133/RafflesCity/covemarina3.jpg

More Sentosa Cove pictures.

http://i65.photobucket.com/albums/h204/hyapic01/DSC_1101.jpg

http://i65.photobucket.com/albums/h204/hyapic01/DSC_1096.jpg

This variety (forgot the name) grows by the side of Sentosa Cove Marina.
The fruit is known to be used by fishermen to knock off the fishes while it's alive in order to serve it fresh on the table.
http://i65.photobucket.com/albums/h204/hyapic01/DSC_1119.jpg

The flower of the variety looks like this.
http://i65.photobucket.com/albums/h204/hyapic01/DSC_1107.jpg

greeted by dolphins fountain

http://i65.photobucket.com/albums/h204/hyapic01/DSC_1090.jpg

http://i65.photobucket.com/albums/h204/hyapic01/DSC_1091.jpg

^ Beautiful....:D

nice pics hya...looks like the greenery around the dolphin fountain has become thicker :)

Looks like some tropical island paradise. :)

If only it was bigger

Sentosa Cove plans to offer 12 bungalow land parcels for auction in August






SINGAPORE: Sentosa Cove is planning to offer 12 bungalow land parcels for auction in August.

The ocean front parcels are located next to Sentosa's Tanjong Beach.

These are the first of 156 bungalow land parcels and four condominium land parcels under the Southern Residential Precinct.

The precinct will offer 972 luxury homes - about a third of the supply for Sentosa Cove.

The homes are being targetted at the high-end niche market.

The land parcels will be marketed by Colliers International and Christie's Great Estates. - CNA /dt

Sentosa Cove land sales top $1b
Master developer in the money to tune of over $500m, moves to release sites in southern precinct


By KALPANA RASHIWALA
http://img110.imageshack.us/img110/4840/cove7nf.jpg


(SINGAPORE) The master developer of the upscale waterfront housing district emerging on Sentosa Cove has sold over $1 billion worth of sites for development in the district's Northern Precinct or North Cove since late 2003.


Because of the strong demand the developer, Sentosa Cove Pte Ltd (SCPL), is now moving on to sell land in its Southern Precinct or South Cove.

Rough estimates by BT show that SCPL is clearly in the money with its land sales on Sentosa Cove - to the tune of more than half a billion dollars for North Cove.

SCPL's general manager Margaret Goh said, without commenting on the profit estimate: 'It's not just about money. What we're doing here is creating a unique lifestyle of prime waterfront living in an exclusive enclave which is yet so close to the CBD. This is probably unmatched in Asia.'

'The strong demand for land parcels for development on Sentosa Cove has led us to expedite our launch plans for South Cove, and we now envisage that the various developments on Sentosa Cove will be substantially completed by 2010, two years ahead of schedule.

'In fact, the timeline for realising the entire Master Plan for Sentosa Island, including the integrated resort, has also been brought forward from 2012 to 2010.'

South Cove is generally regarded as more prime as it faces the Southern Islands, compared with North Cove, part of which overlooks the Tanjong Pagar and Pulau Brani container terminals.

To date, SCPL has sold land parcels that can be developed into 88 per cent of the total 1,528 homes planned for North Cove.

It plans to finish selling the remaining land in North Cove by the end of Q3 this year.

These sites involve:


Three remaining bungalow plots in the Hillside Collection at the foot of Serapong Hill to be sold by private treaty;


Lakefront Collection, a batch of 15 bungalow sites facing Serapong Pond and Serapong Golf Course, to be offered en bloc to developers through a three-week-long expressions of interest exercise to be launched soon; and


Marina Collection, comprising two condo plots totalling 239,200 square feet of land area, which can be developed into a four-storey condo with about 170 units. The condo parcel is likely to be launched for tender in about a month.

The Lakefront Collection bungalow plots, because they face a pond, will not have berths for boats unlike the waterway facing bungalow lots sold earlier.

Nonetheless, developers and owners can extend structures over the pond, which could be used for pavilions, gardens, jacuzzis or infinity pools.

Sentosa Cove is being developed on 118 ha of mostly reclaimed land on the eastern edge of Sentosa Island.

SCPL, through its parent Sentosa Development Corporation (SDC), bought the land from the Singapore Land Authority (SLA) for a reported sum of close to $800 million, in two stages.

It paid for 83 ha of land on 103-year lease in North Cove in 2003 and at the same time inked an option to buy the remaining land - South Cove - within three years in exchange for paying an option fee.

SLA confirmed yesterday that SDC exercised the option on April 12 this year for South Cove (about 35.35 ha) with a new 103-year lease from that date, but it declined to confirm the size of the land premium and option fee.

Besides the land premium paid to SLA, SCPL has also spent about $250 million in infrastructure works and subdividing the land into smaller parcels for sale, primarily on 99-year leases, according to earlier reports.

Sentosa Cove will eventually have 2,500 homes, about 60 per cent of which will be in North Cove.

The other 40 per cent or 972 homes on South Cove will comprise 156 bungalows and 816 condo units.

SCPL will kick off land sales for South Cove with the auction of 12 bungalow parcels on Aug 25.

It will be conducted jointly by Christie's Great Estates and Colliers International. This will be Christie's Great Estates' first auction in Singapore.

And like North Cove, which featured three man-made islands with bungalow plots set, South Cove will feature two such islands, named Sandy and Pearl, with a total of 39 bungalow plots.

These islands may be sold en bloc through an expressions of interest exercise, or the bungalow lots on the islands could be sold individually by private treaty or auction.

The rest of the bungalows plots on South Cove are likely to be sold individually. South Cove will also have four condo plots totalling 816 units.

'We hope to finish selling all the sites on South Cove in three years,' Ms Goh said.

why not auction all at one go.

Sentosa Cove feels like a new high class American suburban neighbourhood. No fences around houses, brick sidewalks, no density, bridges, waterfront.

Business Times - 03 Jul 2006

CityDev tipped to win coveted Sentosa site

Sources say it has edge over Lippo; both are partnering Westin for hotel component

By KALPANA RASHIWALA

(SINGAPORE) The race for a hotel, commercial and condo site at Sentosa Cove is said to have narrowed to two contenders - City Developments and Lippo.

http://business-times.asia1.com.sg/mnt/media/image/launched/2006-07-03/BT_4359921_02_07_2006.jpg

The site is expected to be awarded soon and sources are tipping CityDev as the likely winner for the 99-year leasehold site.

Interestingly, sources say both parties are teaming up with the same hotel operator - Westin, which is part of the Starwood Hotels & Resorts group - to operate the 320-room hotel in the proposed development.

Industry observers suggest CityDev's bid price for the site, which is called the Quayside Collection, could be slightly over $300 million. This works out to around $420 per square foot of the proposed development's maximum potential gross floor area of 718,588 sq ft.

Market watchers say that the award of the site will mark the return of the Westin brand to Singapore after an absence of over four years. Westin Hotels & Resorts used to manage the two hotels in the Raffles City complex until its contract expired at the end of 2001.

But the Quayside Collection award is not based primarly on price. Proposals are evaluated on the hotel concept, the strength of the prospective hotel operators, positioning and branding of the hotel, development budget and source of capital, as well as the offer price and payment terms and structure, according to information released earlier in a statement on the site.

The land parcel was offered through an expression of interest exercise which closed on April 28. The land parcel comprises a plot for a seven-storey hotel with up to 320 rooms, two plots slated for a three-storey commercial (retail) project with about 61,700 sq ft of gross floor area, and two plots designated for development into six-storey condos with a total of up to 236 units.

The hotel will face the marina at Sentosa Cove and will be the first and only hotel in the upmarket waterfront housing district.

Elsewhere on Sentosa Island, though, there are currently three hotels and resorts totalling 733 rooms. Excluding the latest hotel in the Quayside Collection, another three new hotels/resorts are slated to open between this year and 2008.

The hotel and commercial plots are compulsory components of the Quayside Collection sale. And while the condo plots are optional, their inclusion in the package has been seen as the sweetener to draw bidders to develop the hotel and commercial plots.

After all, the first two condos on Sentosa Cove - Ho Bee's The Berth by The Cove and Frasers Centrepoint's The Azure - have sold like hot cakes.

CityDev, too, is not new to Sentosa Cove. The property giant headed by Kwek Leng Beng has teamed up with TID to develop a 264-unit condo in the upscale waterfront housing district on a landmark site gracing the entrance to the Marina Basin. The 15-storey condo - the highest allowed on Sentosa Cove - is expected to be marketed very soon, possibly this month with an average price touted to be $1,300 psf.

This is not the first time CityDev will be partnering Starwood here.

CityDev, Hong Leong Holdings and TID are developing a luxury hotel at Tomlinson Road that will be managed by Starwood under its upscale St Regis brand.

The expression of interest exercise for the Quayside Collection is said to have attracted seven to eight bids. Bidders are said to have included Pontiac Land group and hotel chain Marriott. The initial list of contenders was eventually narrowed down to CityDev and Lippo, sources say.

Copyright © 2005 Singapore Press Holdings Ltd. All rights reserved.

Notice this in classified ads posted yesterday.

Preview for the tallest condo at Sentosa:
http://i65.photobucket.com/albums/h204/hyapic01/DSC_2463.jpg

First was the UFO-ish period, now the Sail-ish design period? =P :lol:

:jk:

future => dancing towers? ;D

Hi all, anyone interested to view this exclusive project this coming weekend (15/07/06)? Been to the showflat and my jaws actually 'dropped'. The seaview is indeed seaview that i think even the two other sentosa condos could not be comapre to.

Some brief infor about this project:
Total units: 264
2/3/4/Villas/Sky suites/Sky villas (from 1216 sqft - 8095 sqft)

Anyway, this project will also be sole joint marketed by my company too..
If theres anyone interested to view this coming weekend, do give me a call @ 94378613 Zac (ERA)

Investors / Buyers/Agents all welcome.

Dont miss this chance.

15-storeys for Sentosa...I think the views there would be fabulous!

15-storeys for Sentosa...I think the views there would be fabulous!


Yes. The view is excellent at the showflat which is on the second floor. That is to say the view at 15 floor is ......... (u go ahead and imagine)

Excellent view yes but the sad reality is..the best views are for the most expensive units. The 2 bedded or more affordable units have the worst orientation
If only it was a single tall tower

what's the price like?

what's the price like?$1500PSF

$1500PSF


You are good bro, even the developer has not fixed the price yet and u know its $1500 psf. We are juz waiting for the press conference this week before we get the news of the price of the project.

Excellent view yes but the sad reality is..the best views are for the most expensive units. The 2 bedded or more affordable units have the worst orientation
If only it was a single tall tower


I have that either you faces the sea or u face the One* 15 Marina club. So facing of the units are generally not bad.

You are good bro, even the developer has not fixed the price yet and u know its $1500 psf. We are juz waiting for the press conference this week before we get the news of the price of the project.was told by my client.

was told by my client.

Please dont listen to what your client first. i will tell u eventually once my boss gets the confirmation. its better to heard it from the developer rather than someone else. Later the psf is different from what the developer gave than we will have to face the music... Dont worry, once i have infor about this project with regarding to the psf, i will inform u or post it in here. Trust me, my company is marketing this project.
If u have buyers looking at this project, can co-bloke too.
Thanks

CDL big boss has spoken...

News about the pricing of Sentosa Cove by CDL big boss

Far East Organization previews The Clift

11 Jul 06

DEVELOPERS continue to roll out new residential projects for sale. Last week, Far East Organization began previews for The Clift - the redevelopment of the current NatWest Centre at McCallum Street. And this week, City Developments Ltd (CDL) and TID Pte Ltd will preview The Oceanfront @ Sentosa Cove condo.
Far East is understood to have priced The Clift around $1,050-$1,100 psf on average after discount. The 99-year leasehold project comprises 312 apartments in a 43-storey tower, with shops on the the ground floor. The residential units are mostly one and two-bedroom offerings, with or without lofts. One-bedders without lofts range in size from 495 to 527 sq ft. Two-bedders without lofts are between 775 sq ft and 818 sq ft.

At Sentosa Cove, City Developments and TID will begin previewing their 15-storey condo, The Oceanfront @ Sentosa Cove. The price of the 99-year leasehold project is expected to be $1,300 to $1,350 psf, CDL executive chairman Kwek Leng Beng said yesterday at a media briefing to launch the initial public offer of the CDL Hospitality Trusts.

Over in the Tomlinson/Cuscaden area, the group has sold almost all of the 70 apartments it has released so far at its upmarket St Regis Residences. The highest price achieved for the 999-year leasehold project is $3,030 psf, Mr Kwek said.

The plan is to release another 30 units soon, for which Mr Kwek said the price is unlikely to be increased. Beyond this, the group may wish to retain the remaining 73 apartments in the 173-unit project for lease, catering to the long-term stay market.

Mr Kwek reckons investors at St Regis Residences will enjoy a rental return of 6 per cent, compared with 4-5 per cent in the general Singapore market. Residents of St Regis Residences will be able to use the butler service from the St Regis Hotel being built next door.

CityDev is developing the St Regis Residences and the 299-room St Regis Hotel jointly with Hong Leong Holdings and TID.

Over in the Cantonment Road area, Mapletree Investments is said to have sold the last eight units at The Beacon at the weekend. The 24 storey condo, being built on a 99-year leasehold site formerly occupied by the Singapore Portworker's Union House, has 124 units. The average price is about $600 psf.

bagus, good luck in your sale. Am bringing 1 client there this Sat.....

was there at OceanFront this morning, it was very crowded and one entire block was sold-out yesterday...

was there at OceanFront this morning, it was very crowded and one entire block was sold-out yesterday...


U r right. About 85% of the units sold ( in juz 2 days of the Preview). 4 bedrooms r all snapped up...

only the 4 bedders offer the best view... the unblocked ocean view

Dare I ask how much the 4 rooms cost?

Singapore, surrounded by sea, it's sad and ironic that these are the only seafront residential development. :( and of cos Sail

Dare I ask how much the 4 rooms cost?


Juz do a simple calculation... 4 Br (2013sqft - 3025sqft) are all ocean facing thus the psf is about $1500...

http://img156.imageshack.us/img156/788/oceanfront8ee.jpg

July 15, 2006
Buyers flock to CDL's Sentosa Cove condo
180 homes in the 264-unit Oceanfront project sold within 2 days

By Property Correspondent, Joyce Teo

SENTOSA Cove is proving to be a hit with Singaporeans and foreigners alike, with 180 units of the 264-unit Oceanfront @ Sentosa Cove snapped up over the past two days.

Forty per cent went to foreigners - including permanent residents - from Britain, Japan, Hong Kong, Malaysia and Indonesia, said City Developments (CDL), co-developer of the project with TID.

Some buyers also bought on a whole-floor basis, which could be three to seven units at one go, it said.

Buyers included young professionals who love the seafront lifestyle, said a CDL spokesman.

'We also have the well- heeled and well-travelled buyers who find this development truly unique,' he said.

Singaporean Nancy Hawkes picked up a four-bedroom unit for close to $1,500 per sq ft (psf). 'You cannot find another property like this in Singapore...a piece of land that is so close to the ocean,'' said

Mrs Hawkes, who is married to hotelier Noel Hawkes.

Mr Hawkes agreed: 'It's like the south of France; our equivalent of Cote d' Azur.''

'You're living on an island but cocooned by the safety net of Singapore.''

The 99-year leasehold Oceanfront comprises five towers of 12 to 15 storeys, with two- to five-bedroom units. It also has 16 sky villas fitted with their own pools.

All the four-bedroom units as well as some of the three-bedroom units offer sea views. And all apartments have a private lift lobby and most will have balconies.

CDL said it had initially planned on releasing 100 units for the launch this weekend but had to release more to satisfy demand.

It said the project had an early bird average price of $1,300 psf, but this has since been adjusted upwards by about 2 to 3 per cent.

According to an investor, units with views of the marina are priced at about $1,300 psf. Those with sea views were sold from $1,400 psf to over $1,500 psf for ones on the high floors.

Average prices on an absolute basis range from about $1.4 million for the two-bedroom units to over $3 million for the four-bedroom units, and over $8 million for the penthouses.

'Most buyers are likely to be sophisticated investors looking to secure capital gains because there can only be so many apartments on the island,'' said the head of research at property consultancy Chesterton International, Mr Colin Tan.

'They are not likely to dump their units, because their window of opportunity is long, until the completion of the integrated resort on the island in several years' time.''

joyceteo@sph.com.sg
Copyright © 2006 Singapore Press Holdings. All rights reserved.

About 90% sold.... What a record. Juz 3 days...

17 July 2006

Sentosa Cove properties could rise 10-15% a year: consultants
By Matthias Chan, Channel NewsAsia

High-end property prices at the Sentosa Cove area could rise 10 to 15 percent annually, according to consultants.

They were responding to the strong take-up at The Oceanfront at Sentosa Cove development by City Developments.

And even though less 40 percent of the properties planned for Sentosa Cove have been launched for sale, analysts say an oversupply situation is unlikely if foreign buying remains strong.

About 85 percent of The Oceanfront at Sentosa Cove was sold at $1,300 per square foot - the highest achieved so far for the area.

And this is after barely a week of its launch.

Though launched at 30 percent higher than the previous project, some consultants say there is more upside to prices in the Sentosa Cove vicinity.

Peter Ow, Executive Director - Residential, Knight Frank, said: "It was actually beyond the expectations of a lot of people. We expect that kind of prices to be achievable but not in terms of the take-up in such a short time. For high-end properties like properties in the Cove, I would expect a higher percentage when we talk about capital appreciation. It could be anything between 10 to 15 percent."

But the expected supply of units in Sentosa Cove in the next two to three years is not worrying consultants for now.

So far only about 900 out of the estimated 2,500 landed and non-landed units on Sentosa Cove have been launched for sale.

But some consultants say that if foreign buying, which made up some 50 to 60 percent of recent purchases, continue its momentum, finding buyers for future launches should not be a problem.

In the Claymore area in the city, the latest en-bloc sale of Habitat One is further proof of the strength in the high-end sector.

With a price tag of S$180 million, breakeven is expected to be about S$1,800 per square foot.

And some consultants say, a new development at the site could possibly fetch the S$2,600 to S$2,800 per square foot achieved at St Regis.

Tan Tiong Cheng, Managing Director, Knight Frank, said: "St Regis has packaged itself as a brand offering services that are not available in a typical condominium. So people are paying a premium for the branding. If you look at the Ardmore Claymore area, it is a quieter precinct, so there will be people who pay for that premium. Yes, there is a strong possibility it can reach that sort of premium."

Developer Wheelock Properties, which owned two adjacent sites, has announced that it was the buyer of the Habitat One plot.

- CNA/ch

Oceanfront@Sentosa Cove's online brochure - http://citydev.sg/CDL/oceanfront/index.html

24 July 2006

Citydev wins Sentosa bid

City Developments has won the right to develop a 4.9 hectare site on Sentosa for 255 million dollars.

The Sentosa Cove Quayside Collection will comprise a luxury hotel with berthing facilities, a three-story waterfront commercial site and two six-story condominium apartments.

Sentosa Cove overseas residential developments on the island.

It said the project will include a 320 room hotel operated by Starwood Hotels & Resorts Worldwide's Westin brand.

The two blocks of residential apartments would contain as many as 236 units.

Chairwoman of Sentosa Cove, Jenny Chua said the CityDev project will offer a new lifestyle concept in luxury leisure.

Sentosa Cove said the bids were judged based on price, design and their ability to draw tourists.

Earlier this month, CityDev started selling 200 apartments in a seafront residential complex on Sentosa.

The company said earlier this month that about 90 percent of the homes have been sold.

They were priced between 1.5 and 8 million dollars each.

Copyright © 2006 MediaCorp Radio New Media Development

+++++MEDIA RELEASE++++++++++++++

CITY DEVELOPMENTS LIMITED Awarded
SENTOSA COVE’S Quayside Collection

Marina quayside hub to include 320-room hotel, specialty shops,
restaurants, SOHO offices & luxury residences

SINGAPORE, 24 July 2006 – Today, Sentosa Cove awarded the coveted marina quayside site, collectively coined The Quayside Collection, to City Developments Limited (CDL). Billed as Sentosa Cove’s central hub around the marina, this development will enhance Singapore’s appeal as one of the most attractive, vibrant and compelling lifestyle destinations in this region.

The Quayside Collection comprises land parcels for a seven-storey, 320-room five-star marina hotel, a three-storey waterfront commercial site and two six-storey condominium developments adjacent to the marina hotel. This successful award is collectively worth S$255 million to Sentosa and will contribute to the island’s and surrounding precinct’s leisure and entertainment amenities. This emerging southern Singapore neighbourhood includes Sentosa island (with its planned Sentosa Integrated Resort), HarbourFront, VivoCity, Singapore Cruise Centre, St James Power Station and Mount Faber.

CDL’s winning concept – now termed as The Quayside Isle – will offer residents, tourists and locals the opportunity to experience a tropical marina-oriented lifestyle, with Singapore’s first 5-star marina hotel, specialty retail shops, quaint restaurants, SOHO office suites and luxury residences. CDL also announced that it will partner Starwood to operate the Westin hotel with some 320 rooms, which sits on a site measuring 17,016sqm

Launched on 14 February this year, the Quayside Collection is Sentosa Cove’s only commercial site for sale.

Flanking the hotel will be a three-storey retail and commercial development. The first two levels will offer a wide array of shops such as art galleries, bookstores, music and CD shops, handicraft stores, home-ware shops, fashion boutiques, jewellery stores amongst others, and restaurants, such as cafes, bakeries, ice cream parlours and juice bars, as well as other lifestyle service-oriented outlets specially catered for the Sentosa Cove residents such as gyms, spas and fitness centres with concierge services. There are also plans to incorporate shops that provide sailing-related accessories and also sea-sports services where big game fishing trips, diving trips as well as PADI courses can be organized. While most retail space span between 50sqm to 200sqm, there will also be a large gourmet marketplace occupying 300sqm.

Spanning 48,611sqm in total, CDL has committed a total of 5,732.3sqm as the gross floor area (GFA) for commercial development, out of which 66.7 per cent (or 3,821.5sqm) will be for retail use. The remaining 33.7 per cent, or 1,910.8sqm, will be developed into office space on the third and top level of the commercial development as the SOHO concept of office usage.

The Quayside Isle is envisaged as the new vibrant lifestyle centre of Sentosa Cove for residents and visitors alike when it is open to the public end 2009.

Visitors will be able to take balmy strolls on its timber boardwalk while sipping cocktails as the sun sets, dine at fine restaurants that overlook luxurious yachts moored at the pontoons, browse in charming shops that offer unique merchandise, and check into Singapore’s first marina hotel that will boast sweeping vistas of the sea and One°15 marina.

“Sentosa Cove’s quayside hub will offer a new lifestyle concept in luxury leisure, with first rate amenities and hotel accommodation. With City Developments Limited on board, we are now witnessing an exciting physical realization of our vision of a total leisure destination on Sentosa Island,” Ms Jennie Chua, Chairman of Sentosa Cove, said.

Mr Kwek Leng Beng, Executive Chairman of CDL said, “We are honoured to have been awarded another coveted site. This provides us an additional opportunity to conceptualize something unique in this exclusive community.”

Mr Kwek added, “CDL will make things happen. We will make our imprint on Sentosa, producing not only iconic hardware, but invigorate a holistic software that will give an unforgettable experience for those who live or visit Sentosa.”

As part of the deal, two condominium land parcels adjacent to the hotel were also acquired by CDL. The proposed six-storey residential development which can yield up to 236 units may be for sale either on an en-bloc or strata title basis by CDL.

The tender for the Quayside Collection closed on 28 April 2006 and the award was based on offer price, design and concept, tourism appeal as well as the strength of the prospective lessee and operator.

~ END ~

Sentosa Cove's last northern condo site up for grabs

1 Aug 06

Land price of the site expected to be $550-$600 psf ppr

(SINGAPORE) Sentosa Cove Pte Ltd (SCPL) is putting up for sale the last major site in the Northern Residential Precinct of the upscale waterfront residential enclave.

http://business-times.asiaone.com/mnt/media/image/launched/2006-08-01/20070801_30.jpg

The Marina Collection comprises two plots for condo development next to the One 15 Marina Club.

The plots totalling 239,198 square feet of land area are being sold on 99-year leasehold tenure for four-storey condo development with up to 170 units. The plot ratio (ratio of potential maximum gross floor area to land area) will be 1.2.

Developers may build luxury waterfront residences, service apartments or vacation homes on the two plots which are being offered as a single parcel through a tender closing on Sept 13.

The award will be based solely on price, SCPL told BT.

A property consultant familiar with Sentosa Cove said: 'The developer of the condo on Marina Collection site could be looking at breaking even at about $900-$950 per square foot (psf). Working backwards, that reflects a land price of about $550-$600 psf per plot ratio (ppr) or an absolute sum of about $158 million to $172 million.'

The latest condominium project launched on Sentosa Cove - CityDev's and TID's 15-storey development called The Oceanfront @ Sentosa Cove - is currently commanding an average price slightly above $1,300 psf.

While the Marina Collection has a much lower height limit and does not face the sea directly, a condo project on the site should still be able to ride on strong demand for homes on Sentosa Cove, reckons the property consultant.

Owners of yachts berthed at the One 15 Marina Club should find it convenient to zip in and out of their weekend or holiday condo at the Marina Collection site.

The four-storey height limit is the shortest for all the condo plots sold so far on Sentosa Cove and that is in keeping with the low-rise character around the pier.

The earlier condo plots sold in the Northern Precinct, or North Cove, can be built up to at least six storeys. Prices of condo plots on North Cove have risen about 80 per cent over a two-year period from $351 psf of potential gross floor area in late 2003, when SCPL began selling land parcels in the location, to $639 psf per plot ratio in January this year. The latter site price was achieved for The Baywater Collection parcel sold to Ho Bee. It comprises three plots - two can be built up to eight storeys and the third up to six storeys.

Just last week, SCPL awarded the Quayside Collection site to City Developments for $255 million or $355 psf ppr but this comprises a mix of hotel, commercial and condo plots, making the latest sale difficult to use as a benchmark for other land sales on Sentosa Cove.

SCPL has moved on to selling land in Sentosa Cove's Southern Precinct. The maiden sale of 12 bungalow plots will be through an auction on Aug 25.

In all, Sentosa Cove will eventually have about 2,500 homes, about 60 per cent of which will be in North Cove. The Marina Collection parcel is linked along the waterfront promenade to Sentosa Cove's Integrated Arrival Plaza and the recently awarded Quayside Collection site which will offer an array of specialty retail shops, restaurants, small office home office (Soho) suites as well as the Westin Hotel.

By KALPANA RASHIWALA

oceanfront @ sentosa cove

http://img215.imageshack.us/img215/3848/p1070194gl3.jpg

New benchmark prices set at auction of 12 Sentosa Cove bungalow plots

25 Aug 06

http://www.channelnewsasia.com/imagegallery/store/phpcefY0P.jpg

SINGAPORE : Sentosa Cove is continuing to attract strong demand.

There was aggressive bidding for 12 bungalow land parcels there at an auction on Friday.

All the sites achieved new benchmark highs, with one ocean-front land parcel going for S$1,039 per square foot.

This is more than double the top price of S$500 per square foot for a similar site in the northern precinct sold privately last year.

The 12 land parcels were part of the inaugural South Cove Collection.

Eight of the 12 successful bidders were Singaporeans; the rest came from Malaysia, Indonesia, India and Myanmar.

The auction attracted a crowd of about 400 and bidding was said to be fierce.

Sentosa Cove's gated Southern Residential Precinct will offer 156 bungalow land parcels and four condominium land parcels.

They will yield a total of 972 homes or more than a third of Sentosa Cove's 2,500 homes.

More Sentosa Cove bungalow plots for sale at record prices

31 Aug 06

Potential owners are expected to fork out $5m to $7m for each of the eight new sites

http://straitstimes.asiaone.com/STI/STIMEDIA/image/20060830/ST_IMAGES_MNYJTCOVEt.jpg

THE high prices fetched at last Friday's auction of 12 vacant Sentosa Cove bungalow plots have prompted the developer to put eight more blocks up for sale at similar levels.
The plots are expected to fetch record prices comparable to those sold last week, meaning potential owners will have to pay between $5 million and $7 million each.

Five of the plots face the Tanjong Golf Course with the rest looking on to the canals.

Last week's auction, which attracted a crowd of about 400, showed that plots facing the sea - with unrivalled views of the Southern Islands - attracted much higher bids than those facing the canals or golf course.

One buyer snapped up one such ocean-view plot, paying $8.15 million for it. This works out to an astonishing $1,039 per sq ft (psf) - a record for a bungalow plot in Singapore. He may have bid that high as he had already bought the adjoining plot for $6.68 million and had plans to build on both.

The auction prices ranged from $656 to $1,039 - all well above the previous Sentosa Cove record of $500 psf for a vacant bungalow plot.

And they almost all trumped the highest transacted price for a good class bungalow - the most prestigious type here - of $680 psf.

That was registered in the second quarter of this year for a 15,070 sq ft home in Bishopsgate which sold for an absolute price of $10.25 million.

The eight new Sentosa Cove plots, all on 99-year lease, should also surpass that old record with the prices set at between $670.05 psf and $802.81 psf.

They range in size from 6,584.34 sq ft to 8,727.45 sq ft, putting the absolute price range at $5.29 million to $7 million.

And they all come with free membership at the nearby One-degree 15 Marina Club, which costs $30,888 currently.

None of the plots have yet been sold but they have attracted a lot of interest, said the master developer, Sentosa Cove.

'Those price levels make freehold good class bungalow prices look fairly attractive,' said Mr Steven Ming of property consultancy Savills Singapore.

Prices of such bungalows have already risen by 15 per cent to 20 per cent in the past year and could climb by a further 10 per cent to 15 per cent in the next 12 months, he said.

However, the records set at Sentosa Cove could potentially accelerate the rise in prices of these high-end bungalows, Mr Ming added.

The 12 plots sold at last week's auction and the eight newly released blocks are in South Cove, the southern precinct of Sentosa Cove.

The precinct will have 972 homes, of which 156 will be bungalows and the rest condominium units.

This represents one-third of the 2,500 homes earmarked for the exclusive residential enclave sitting on mostly reclaimed land in the eastern part of Sentosa island.

All the bungalow plots in the rest of Sentosa Cove - the North Cove - have been sold at up to $500 psf.

To market the South Cove, Sentosa Cove will be embarking on a series of roadshows, starting with Malaysia next month. Hong Kong could be next on the list.

By Joyce Teo, Property Correspondent

Lippo puts in top bid for Sentosa condo site

14 Sep 06

It offers new benchmark $817.66 psf ppr price for 99-year lease plot

LIPPO has set a new benchmark price for condo land on Sentosa Cove. Its top bid of $234.7 million yesterday for the 99-year leasehold Marina Collection site reflects a unit land price of $817.66 per square foot of potential gross floor area.

http://business-times.asiaone.com/mnt/media/image/launched/2006-09-14/BT_4773681_21_09_2006.jpg

This is 28 per cent higher than the previous benchmark of $638.62 psf per plot ratio set in January this year for The Baywater Collection plot sold to Ho Bee Group. The earlier plot is slated for a part six-storey, part eight-storey condo fronting the sea.

The Marina Collection parcel, which is located next to One Degree 15 Marina, can be developed into a four-storey project with up to 170 units.

The parcel comprises two sites totalling 239,198 sq ft in land area and has a 1.2 plot ratio (ratio of potential maximum gross floor area to land area). It's the last condo site to be sold in Sentosa Cove's Northern Residential Precinct.

Lippo was the highest of seven bidders in the tender for the Marina Collection site, a spokesman for Sentosa Cove Pte Ltd (SCPL) said yesterday.

Ho Bee is understood to have been the second highest bidder with an offer of slightly under $220 million - or about 7 per cent lower than Lippo's price.

The other bidders are believed to have included City Developments, CapitaLand, Frasers Centrepoint Ltd, and the developer of One Degree 15 Marina.

The Marina Collection parcel is likely to be awarded in a few weeks' time, the SCPL spokesman added. The master developer of the upscale waterfront residential precinct coming up on Sentosa Island had previously said that the award would be based solely on price.

This is the first time Lippo will bag a major site in Sentosa Cove, although members of the Riady family which controls Lippo are said to have bought four adjoining bungalow plots in the location a few years ago. The Riadys bought the earlier plots for development into two bungalows for their personal use, BT understands.

Lippo Realty (Singapore) executive director Thio Gim Hock estimates that the group's breakeven cost for a new condo project on The Marina Collection parcel would come up to just under $1,100 psf. The project will have 'an outstanding concept' to set it apart from surrounding projects. It is likely to be launch-ready by June next year, he reckons.

The latest condo project launched in Sentosa Cove - CityDev and TID's 15-storey The Oceanfront @ Sentosa Cove - is understood to have fetched an average price of close to $1,350 psf.

While the Marina Collection has a much lower height limit of just four storeys and does not face the sea directly, a condo project on the site should still be able to ride on strong demand for homes in Sentosa Cove, reckon market watchers. The four-storey height limit is the shortest for all the condo plots sold so far on the island and that is in keeping with the low-rise character around the pier.

The earlier condo plots sold in Sentosa Cove's Northern Precinct, or North Cove, can be built up to at least six storeys.

By KALPANA RASHIWALA

Sep 14, 2006
Lippo wins tender for Sentosa Cove condo site

By Property Correspondent, Joyce Teo

INDONESIA's Lippo Group has won the tender for a prized leasehold Sentosa Cove condominium site with a new benchmark price for the upscale residential enclave.

The firm's aggressive top bid of $234.7 million secured the Marina Collection, as the site is called, trumping some high-profile rivals.

Lippo's price works out to $817.66 per sq ft (psf) of potential gross floor area that can be built on the site.

This is about 36 per cent above the approximate $640 psf price Ho Bee paid for the Baywater Collection condo plot last December. Two years earlier, it paid a price of just $351 psf for the cove's first condo plot.

While the Lippo price is the highest for a Sentosa Cove condo plot, it pales against the $1,103.6 psf Wing Tai paid for its 99-year leasehold Draycott Drive site in 1997.

Sentosa Cove said it received seven bids for the latest site but did not reveal details, apart from the top bid.

Market sources said the other bidders include Ho Bee, City Developments, CapitaLand, Centrepoint and SUTL group.

The Ho Bee group, which has acquired a few Sentosa Cove plots, is said by sources to have bid just under $220 million.

SUTL, the developer and operator of the ONE15 marina club at Sentosa Cove, was understood to have roped in an equity partner for its bid, which was apparently well over $200 million.

Its marina club is adjacent to the Marina Collection site, which consists of two condo building plots with a maximum gross floor area of 287,039.7 sq ft. The site has a height limit of four storeys and allows for 170 units to be build.

Lippo said it will build about that number, with units ranging from 1,700 sq ft to 2,000 sq ft in size. They will be launched for sale in about a year.

Market analysts said the break-even costs for the condos could be about $1,200 psf, suggesting that each apartment could be sold for at least $1,400 psf.

'The site was a good opportunity for developers to tap into the current home buyers' euphoria on high-end, waterfront living in Sentosa Cove,' said Mr Nicholas Mak of consultancy Knight Frank.

Homes in Sentosa Cove - there will eventually be 2,500 - have been the hot ticket in the property market recently.

Copyright © 2006 Singapore Press Holdings. All rights reserved.

Hi, greetings to all, glad to have discover tis forum, very interesting. as a newbie member, would like to contribute 2 pics of The Berth from a sea view unit (pls advise if the thread is in the wrong section). comments welcome.

http://images6.theimagehosting.com/IMG_2862rev.th.JPG (http://server6.theimagehosting.com/image.php?img=IMG_2862rev.JPG)

http://images6.theimagehosting.com/IMG_2864rev.th.JPG (http://server6.theimagehosting.com/image.php?img=IMG_2864rev.JPG)


the 1st pic is from balcony, the 2nd master bedroom

Nice pics...thanks for the awesome views :)

There is a topic on Sentosa Cove here (http://www.skyscrapercity.com/showthread.php?t=208462) for more pics

thx for the advice RafflesCity!!

Sentosa Cove condo plot draws record $919 psf ppr

30 Nov 06

Ho Bee's bid price of $181.2m was the highest of five offers for the 119,508.4 sq ft site

A NEW record has been set for 99-year condominium land on Sentosa Cove, with Ho Bee Investments offering the top bid of $919 psf of potential gross floor area for a tender which closed yesterday.

In absolute price terms, its bid price was $181.2 million, and was the highest of five offers for the 119,508.4 sq ft site, which can be developed into a six-storey condo.

The plot has a 1.65 plot ratio (ratio of potential maximum gross floor area to land area).

The $919 per square foot per plot ratio (psf ppr) unit land price for the latest Sentosa Cove condo plot is 12 per cent higher than the $818 psf ppr that a Lippo-led consortium paid two months ago for the Marina Collection site in Sentosa Cove's Northern Residential Precinct.

Lippo's site, next to the One Degree 15 Marina Club, can be developed into a four-storey condo.

Ho Bee's breakeven cost for a six-storey condo on the Waterfront Collection site could be about $1,250 psf, reckon market watchers. It is expected to be eyeing an average selling price of around $2,000 psf or even more by the time it is ready to launch the project, say, in next September.

Its 249-unit The Coast condo on Sentosa Cove released early last month is about 90 per cent sold, at an average price of about $1,600 psf.

Yesterday's provisional tender result cements Ho Bee's position as the leading developer in the upscale waterfront housing district, where it has been buying land since master developer Sentosa Cove Pte Ltd began selling land parcels in the location in late 2003.

Assuming it is awarded the latest Waterfront Collection site, Ho Bee would have spent about $724 million buying slightly more than one million sq ft of land on Sentosa Cove - which it is developing into over 600 homes. This is about a quarter of the total 2,446 homes planned for Sentosa Cove.

The Waterfront Collection site is the first of four condo plots in Sentosa Cove's Southern Residential Precinct.

With fewer and fewer sites left in the location, the scarcity value is expected to continue driving up property prices on Sentosa Cove.

Ho Bee clinched its maiden condo plot (which it has developed into The Berth By The Cove, and received Temporary Occupation Permit recently) in late 2003 for $351 psf ppr. The group has achieved an average selling price of about $900 psf for the 200-unit condo, which is fully sold.

Ho Bee's other projects in the location include eight terrace houses (The Berthside) which are all sold, and two man-made islands with luxury villas.

To date, Ho Bee has sold 20 of the 21 bungalows on Coral Island at prices between $5.3 million and $14 million each.

On average, the price works out to about $800 psf of land area. Ho Bee is getting ready to release 29 bungalows on Paradise Island early next year.

Bidders at yesterday's tender for the Waterfront Collection site - besides Ho Bee - are said to have included City Developments, CapitaLand and Frasers Centrepoint. The site will be awarded based solely on price.

While up to 117 homes can be built on the plot, Ho Bee is expected to build about 100 to 110 units as it opts for mostly large units - three and four-bedroom units and penthouses given current strong demand for bigger apartments.

Units on the third storey and upwards will be able to enjoy views of Tanjong Golf Course.

Ho Bee will have 21 berths in the development.

In fact, all of Ho Bee's condo developments at Sentosa Cove will have berthing facilities.


By KALPANA RASHIWALA

Wow, looks like we'll get a taste of the high life even before the southern islands start.

Construction Update for The Azure at Sentosa Cove (7 Jan 2007)


http://i65.photobucket.com/albums/h204/hyapic01/DSC_3803.jpg

Sentosa Cove condo site expected to set new price record

9 Jan 07

Winning bid, to be awarded based on price alone, may exceed $1,000 psf


ANOTHER prime oceanfront condominium plot has been released for sale at red-hot Sentosa Cove - and market watchers expect another record-setting price.
A developer may build 200 units to a maximum height of eight storeys on the 157,108 sq ft of land.

The tender, which will be awarded solely based on price, opens today and closes on March 6, said Sentosa Cove in a statement yesterday.

Sentosa Cove expects the site to attract strong interest from local and overseas developers, as it is one of only three remaining condo land parcels in the high-end residential enclave.

Property consultants said the winning bid for this plot, which faces the Southern Islands, is likely to be above $1,000 psf of potential gross floor area.

'This could set a new record land price for Sentosa Cove and add fuel to the already hot market there,' said Knight Frank's director of consultancy and research, Mr Nicholas Mak.

The previous record was set late last year by Ho Bee at $919 psf.

It was for a condo land parcel in the southern precinct of Sentosa Cove that can be built to a height of six storeys.

Since then, plans for Sentosa have become clearer with Genting International and its partner being awarded the integrated resort project there.

'Relative market values have gone up,' said Savills Singapore director for marketing & business development Ku Swee Yong.

Also, another development, Marina Bay Residences, has since set a new record for private home prices in Singapore, he said.

The Keppel group, too, has said it will launch its Keppel Bay condo in March or April at $1,500 psf to $2,000 psf.

Mr Ku thus expects bids to come in at between $1,100 psf and $1,200 psf of potential gross floor area.

The winning developer may then sell the new condo from September at prices starting from $1,800 psf to $2,000 psf, he said.

Mr Mak said the developer will have to sell at $1,900 psf to $2,000 psf if he pays $1,100 psf for the land.

'This is the current average price of prime properties like Ardmore Park,' he said.

In Sentosa Cove, the highest record from a developer sale remains at $1,810 psf for a unit at The Coast.

Ho Bee launched the 249-unit The Coast last October. It still has eight units left, which it is selling at about $1,600 psf.

Next, it aims to launch its 29 bungalows at Paradise Island in Sentosa Cove for sale in the next two months.

Prices of Sentosa Cove developments and plots have risen considerably in the past year.

At Ho Bee's 200-unit The Berth by the Cove for instance, the highest price done in the sub-sale market was $1,360 psf for a sea-facing unit last November.

The condo was launched at just $785 psf about two years ago.


By Joyce Teo, Property Correspondent

Anyone have news on the next launches at Sentosa Cove? Details on estimated psf? Looking at prices of Marina and Orchard, I think Sentosa Cove is still a good buy at below $2500 psf. Any guru can advice?

Anyone have news on the next launches at Sentosa Cove? Details on estimated psf? Looking at prices of Marina and Orchard, I think Sentosa Cove is still a good buy at below $2500 psf. Any guru can advice?

I think CDL's Quayside collection will launch first. Heard around Sep, but likely delayed. CDL is another monster blood sucker, they will wait for price to go up very high to maximize their profit.

You think Sentosa Cove is a good buy ? May be 1-2 months ago, but price hike up recently.
1-2 months ago, I was looking at Coast around $1800-1900psf, but now people asking close to $2500psf. IMO, Coast is the best designed in one of the best plot on the North of Sentosa Cove. The cheapest is Berth, but I think asking price close to $2000psf now.

Quayside is the worst location with no sea view, but I think they'll blood suck buyers at Coast's subsale price.

IMO, long term investment until IR launch is okay, as SC Global will definitely launch their recent beachfront site at $4000 or $5000psf at end 2008.

$4000-$5000!!!! Wow! So buying now at 2000-2500 psf wont be that bad, right?

I think CDL's Quayside collection will launch first. Heard around Sep, but likely delayed. CDL is another monster blood sucker, they will wait for price to go up very high to maximize their profit.

You think Sentosa Cove is a good buy ? May be 1-2 months ago, but price hike up recently.
1-2 months ago, I was looking at Coast around $1800-1900psf, but now people asking $2500psf. IMO, Coast is the best designed in one of the best plot on the North of Sentosa Cove. The cheapest is Berth, but I think asking price close to $2000psf now.

Quayside is the worst location with no sea view, but I think they'll blood suck buyers at Coast's subsale price.

IMO, long term investment until IR launch is okay, as SC Global will definitely launch their recent beachfront site at $4000 or $5000psf at end 2008.

$4000-$5000!!!! Wow! So buying now at 2000-2500 psf wont be that bad, right?

Not all projects are created equal and location within Sentosa Cove (amongst many other things) counts... The Berth will never command as high a psf as The Coast, for example.

Not all projects are created equal and location within Sentosa Cove (amongst many other things) counts... The Berth will never command as high a psf as The Coast, for example.

That's true.
Berth was the first development in Sentosa, and I heard Ho Bee realised some design flaw.
The Coast design was solid, learning experience from Berth. All units have full sea view in front and water way just behind door step for parking boats.
Oceanfront - Either you have seaview, or waterway view. Boat has to park a distance away.
Azure - Good units have sea view, but overlooking at PSA containers. No water way view.

Hi All,

any updates as to the units sold so far for tis project?

Turquoise: Ho Bee sells 20 units of Sentosa Cove condo

HO BEE Investment has begun selling units at its Turquoise condo at Sentosa Cove at prices ranging from around $2,400 to $2,700 psf.

Apartments cost around $5.3 million for a typical three-bedroom unit and about $6.4 million for a typical four-bedroom unit.

The listed developer sold about 20 of the 30 units that it released yesterday in the project, which comprises only 91 units in total.

Ho Bee seems to be in no hurry to sell out the 99-year leasehold project, given the increasing scarcity of new project launches on Sentosa Cove, market watchers say.

Three bedders in the development have an average size of about 2,100 sq ft, and four-bedders about 2,500 sq ft. Turquoise also has a variety of penthouse sizes - three bedders, four bedders (both of these come with their own jacuzzis), and three sky villas ranging from 6,900 to 7,900 sq ft and each with its own swimming pool.

Ho Bee is developing the six-and-a-half storey project on Sentosa Cove’s Waterfront Collection site, which is flanked by Tanjong Golf Course and waterways.

Over at King’s Road in the Bukit Timah area, DTZ Debenham Tie Leung is marketing this weekend King’s 8, comprising eight freehold strata bungalows. The strata areas of the units range from 4,898 sq ft to 5,414 sq ft, and are priced between $4.67 million and $4.98 million. The bungalows have two storeys plus an attic, basement, a private pool and two private carpark lots. King’s 8 is being developed by Longitude Central.

Over at Jansen Road, Fragrance Land is holding a soft launch for 12 strata terrace houses. Prices of the 999-year leasehold development range from $830 to $850 psf of strata area.

And at the prime Scotts Road, Wheelock Properties (Singapore) begins today the official launch of Scotts Square, releasing a limited number of units. During a preview of the project in July, it sold about half of the 338 apartments, at an average price of $3,983 psf.

How to pronounce " Turquoise @ Sentosa"?

Is it Tortoise @ Sentosa? :lol: :lol:

Chinese Name: 乌龟@圣淘沙

What a marvellous name. Well done :lol: :lol:

It's pronounced as tur-kois.

How to pronounce " Turquoise @ Sentosa"?

Is it Tortoise @ Sentosa? :lol: :lol:

Chinese Name: 乌龟@圣淘沙

What a marvellous name. Well done :lol: :lol:

Lucky it's not Turqua, as in pig liver

or

Turko, strip pants....:lol:

Now which developer, regardless of whether it is ang moh or chinese, would name their projects in hokkien?

Turquoise is a colour... as in turquoise sea...

Went there yesterday... parked my humble borrowed car next to a Bentley Continental GT...

A total of 91 units, about half sold, finishing and layout better then The Berth...

Smallest unit, a 3-bedder, went for more then $5.4M, or $2,606psf...

Had to leave after sipping red wine cos really don't have that kind of money to buy...

Wow! Really luxurious eh? Go showflat sip wine! Anyway, that means the 3-bedders are pretty big? 2,072 sqft eh?

What are the allowances for unusually high tides? Imagine seawater pouring into the swimming pool --- it only has to happen once, everyone will start screaming about global warming, and the values of all these places will sink like a stone in a rising ocean.......when I visited Sentosa cove, it all looked very beautiful and desirable. But the height above sea level looked frighteningly low. Note: I'm not saying I believe in global warming or rising sea levels. But what *I* believe is not important: it's what the next buyer, maybe 10 years from now, believes.....

What are the allowances for unusually high tides? Imagine seawater pouring into the swimming pool --- it only has to happen once, everyone will start screaming about global warming, and the values of all these places will sink like a stone in a rising ocean.......when I visited Sentosa cove, it all looked very beautiful and desirable. But the height above sea level looked frighteningly low. Note: I'm not saying I believe in global warming or rising sea levels. But what *I* believe is not important: it's what the next buyer, maybe 10 years from now, believes.....

:lol: :lol: :lol: http://propertyleak.blogspot.com/ (http://propertyleak.blogspot.com/2007/10/global-warming-sea-level-rises-sentosa.html)

What are the allowances for unusually high tides? Imagine seawater pouring into the swimming pool --- it only has to happen once, everyone will start screaming about global warming, and the values of all these places will sink like a stone in a rising ocean.......when I visited Sentosa cove, it all looked very beautiful and desirable. But the height above sea level looked frighteningly low. Note: I'm not saying I believe in global warming or rising sea levels. But what *I* believe is not important: it's what the next buyer, maybe 10 years from now, believes.....
Then some people will go " ah, instead of unnatural pool water, we now have authentic sea water! More salt for my stir-fried vegetables! :lol:

Turquoise is a colour... as in turquoise sea...

Went there yesterday... parked my humble borrowed car next to a Bentley Continental GT...

A total of 91 units, about half sold, finishing and layout better then The Berth...

Smallest unit, a 3-bedder, went for more then $5.4M, or $2,606psf...

Had to leave after sipping red wine cos really don't have that kind of money to buy...

Too humble. I was there too, ask Amara Resort guys to drive me there & pick me up later. While I pretend to be rich buyer, I was shock with the price tag. $5 million can buy 3 bungalow plots in Sentosa back in 2003.:lol:

That's the problem of inflation.

went there last weekend, understand as of last week 30over units sold only..
any1 can verify the figure? :angel:

Wow that's really slow project for a prime condo...

I mean, most prime ones would be snapped up beofre you can say "Sentosa".

Business Times - 08 Dec 2007

Lippo's Sentosa condo at about $2,750-2,900 psf

By KALPANA RASHIWALA

LIPPO Group is said to have priced its Marina Collection condo, a 99-year leasehold project on Sentosa Cove, at about $2,750-2,900 psf on average.

Over the past few days, the group, controlled by Indonesia's Riady family, is said to have sold about half of the 60 or so units it has released so far in the 124-unit, four-storey development next to the One Degree 15 Marina Club. The development comprises three blocks.

Lippo is developing the condo jointly with the Marina Club, OCBC and Austria's Raiffeisen Zentralbank (RZB).

Buyers will be given a free membership at One Degree 15 Marina Club for each unit of Marina Collection they purchase. The memberships are currently said to be going for above $40,000 each.

Lippo's price appears to be slightly higher than the $2,600 psf net average achieved for the previous condo launch at Sentosa Cove - Ho Bee's Turquoise.

The project was released in September and to date, Ho Bee is said to have sold 45 out of the 60 units it has released so far out of 91 units in the six-storey condo.

Marina Collection comprises three-, four-, and five-bedroom apartments as well as penthouses. Three-bedder units cost about $5.4 million while penthouses are priced at $10 million and above.

The 30 or so units Lippo has sold so far include five penthouses.

There are about 30 penthouses altogether.

The Lippo-led consortium is developing Marina Collection on a plot that it bagged at a tender that closed in September last year for $234.7 million or $818 psf per plot ratio (ppr).

Lippo's pricing for its Marina Collection will no doubt be used by property developers to peg their bids at next week's tender for the Pinnacle Collection - the last condo plot at Sentosa Cove.

The plot, which has a choice location at the entrance to the precinct's marina basin, has a reserve price of $963.8 million or $1,600 psf ppr.

This is another development with no sea view....the most is water way view. I would rather buy Oceanfront, Coast, Azure or even Berth which has sea view.

This is another development with no sea view....the most is water way view. I would rather buy Oceanfront, Coast, Azure or even Berth which has sea view.

Baby smell something fishy here.

Either the plot is over price, or those sea view units are under price.

Investors in motion.

Business Times - 08 Dec 2007

Lippo's Sentosa condo at about $2,750-2,900 psf

By KALPANA RASHIWALA

LIPPO Group is said to have priced its Marina Collection condo, a 99-year leasehold project on Sentosa Cove, at about $2,750-2,900 psf on average.

Over the past few days, the group, controlled by Indonesia's Riady family, is said to have sold about half of the 60 or so units it has released so far in the 124-unit, four-storey development next to the One Degree 15 Marina Club. The development comprises three blocks.

Lippo is developing the condo jointly with the Marina Club, OCBC and Austria's Raiffeisen Zentralbank (RZB).

Buyers will be given a free membership at One Degree 15 Marina Club for each unit of Marina Collection they purchase. The memberships are currently said to be going for above $40,000 each.

Lippo's price appears to be slightly higher than the $2,600 psf net average achieved for the previous condo launch at Sentosa Cove - Ho Bee's Turquoise.

The project was released in September and to date, Ho Bee is said to have sold 45 out of the 60 units it has released so far out of 91 units in the six-storey condo.

Marina Collection comprises three-, four-, and five-bedroom apartments as well as penthouses. Three-bedder units cost about $5.4 million while penthouses are priced at $10 million and above.

The 30 or so units Lippo has sold so far include five penthouses.

There are about 30 penthouses altogether.

The Lippo-led consortium is developing Marina Collection on a plot that it bagged at a tender that closed in September last year for $234.7 million or $818 psf per plot ratio (ppr).

Lippo's pricing for its Marina Collection will no doubt be used by property developers to peg their bids at next week's tender for the Pinnacle Collection - the last condo plot at Sentosa Cove.

The plot, which has a choice location at the entrance to the precinct's marina basin, has a reserve price of $963.8 million or $1,600 psf ppr.There are actually 31 Penthouses altogether.

I was told that the One Degree 15 Marina Club cost $48,888

Lots of white marble in the project.

The price already included the One Marina club membership fee. FOC just a marketing tactic.

There are actually 31 Penthouses altogether.

I was told that the One Degree 15 Marina Club cost $48,888

Lots of white marble in the project.

How much white marble? :D

Most buyers will expect high grade marble at the price range.

In fact it is very popular nowsadays to use white marble. Both The Jardine and Floridian offer white marble for its flooring. Keppel's Reflection also uses white marble.

Most buyers will expect high grade marble at the price range.

In fact it is very popular nowsadays to use white marble. Both The Jardine and Floridian offer white marble for its flooring. Keppel's Reflection also uses white marble.

Yeah, Jin Mao Tower's washrooms are also clad in white marble. I was fascinated at the amount. I think white marble tables are nice :)

This is another development with no sea view....the most is water way view. I would rather buy Oceanfront, Coast, Azure or even Berth which has sea view.
Baby, its got Sea View, plus Marina View. Sea view alone can get quite boring! At Marina Collection, you see a dynamic view of the Marina with boats & yatchs of the rich & famous berthed there, sometimes might glimp rich & famous people on-board piloting their current or new 'toy'! Now. that's a sight for sore eyes!

Most buyers will expect high grade marble at the price range.

In fact it is very popular nowsadays to use white marble. Both The Jardine and Floridian offer white marble for its flooring. Keppel's Reflection also uses white marble.
I heard its hi-end 'Velasco' marble. Giant marble slabs to the bathrooms, Powder room included. How's that for class?! Panoramic Marina & Sea Views thrown-in as well. Wanna know more? Write me @ bigapp7@yahoo.com.sg

I heard its hi-end 'Velasco' marble. Giant marble slabs to the bathrooms, Powder room included. How's that for class?! Panoramic Marina & Sea Views thrown-in as well. Wanna know more? Write me @ bigapp7@yahoo.com.sg
Lippo's trademark is marble, lots of marble. see their past product. In newton one, there is a marble basin. White marble from Greece

Lippo's trademark is marble, lots of marble. see their past product. In newton one, there is a marble basin. White marble from Greece

Marble scratches easily. Set up marble maintenance co to cater to hi-end homes?

Lippo's trademark is marble, lots of marble. see their past product. In newton one, there is a marble basin. White marble from Greece

SC Global also uses genuine marble from Greece.

Published December 13, 2007

Sentosa Cove condo plot draws 3 bids
Tender for Boon Lay condo site attracts just 2 bids that are below expectations

By KALPANA RASHIWALA


A TENDER for the last condo plot at Sentosa Cove - named The Pinnacle Collection - is said to have attracted three bids when it closed yesterday, including a joint bid by Ho Bee Investment and Malaysia's IOI Group. The other two bidders are said to include foreign players/funds.

Sentosa Cove Pte Ltd (SCPL) declined to reveal the names of the bidders or their bid prices ahead of an evaluation process that will be based on both design concept and price. 'We expect the site to be awarded by early January,' an SCPL spokeswoman said.

The plum 99-year leasehold condo site, gracing the entrance to Sentosa Cove's marina basin, has a reserve price of $963.8 million or $1,600 psf per plot ratio, although top bids were expected to be above $2,000 psf, which would suggest an absolute amount of at least $1.2 billion. However, the deal clincher for the winning bidder may be its design concept, rather than how much it bid, market watchers observed.

The 99-year leasehold site can be developed into a 20-storey condo (this will make it the tallest project in the upscale waterfront housing precinct) with up to 357 apartments.

Published December 13, 2007

Sentosa Cove condo plot draws 3 bids
Tender for Boon Lay condo site attracts just 2 bids that are below expectations

By KALPANA RASHIWALA


A TENDER for the last condo plot at Sentosa Cove - named The Pinnacle Collection - is said to have attracted three bids when it closed yesterday, including a joint bid by Ho Bee Investment and Malaysia's IOI Group. The other two bidders are said to include foreign players/funds.

Sentosa Cove Pte Ltd (SCPL) declined to reveal the names of the bidders or their bid prices ahead of an evaluation process that will be based on both design concept and price. 'We expect the site to be awarded by early January,' an SCPL spokeswoman said.

The plum 99-year leasehold condo site, gracing the entrance to Sentosa Cove's marina basin, has a reserve price of $963.8 million or $1,600 psf per plot ratio, although top bids were expected to be above $2,000 psf, which would suggest an absolute amount of at least $1.2 billion. However, the deal clincher for the winning bidder may be its design concept, rather than how much it bid, market watchers observed.

The 99-year leasehold site can be developed into a 20-storey condo (this will make it the tallest project in the upscale waterfront housing precinct) with up to 357 apartments.

The Pinnacle Collection sounds so much like The Pinnacle @ Duxton :lol:

Next week I will be visiting showflat & at same time explore One Degree.

Next week I will be visiting showflat & at same time explore One Degree.

One Degree as in One Degree 15 Club? Any updates will be much appreciated :)

He's designing some houses at Sandy Island. Hope to see more pictures of it.

Wow that's really slow project for a prime condo...

I mean, most prime ones would be snapped up beofre you can say "Sentosa".

I have 2 units for sale at $1900 psf. All below costs!

I have 2 units for sale at $1900 psf. All below costs!

May I ask... below whose cost?

Project Name-THE BERTH BY THE COVE
Developer-Ho Bee (Sentosa) Pte Ltd(Ho Bee Group)
Property Type-Condominium
Tenure - 99 Yrs From 18/03/2004
Total Units - 200
Completion Date - Oct-2006
District - 4

2 bedroom (1012 - 1453sf)
3 bedroom (1604 - 2131sf)
4 bedroom (1873 - 2325sf)
Penthouse (2939 - 6028sf)

http://www.virtualhomes.sg/FileUpload/Project/167/Images/main.jpg

http://www.virtualhomes.sg/FileUpload/Project/167/Images/ex2.jpg

http://www.virtualhomes.sg/FileUpload/Project/167/Images/in3.jpg

http://www.virtualhomes.sg/FileUpload/Project/167/Images/floor_typeA2.jpg

http://www.virtualhomes.sg/FileUpload/Project/167/Images/e1.jpg

from:
http://www.virtualhomes.sg/theberthbythecove

Project Name-THE COAST AT SENTOSA COVE
Developer-Ho Bee Cove Pte Ltd(Ho Bee Group)
Property Type-Condominium
Tenure - 99 Yrs From 18/03/2004
Total Units - 249
Completion Date - Est 30 Jun 2010
District - 4

http://www.virtualhomes.sg/FileUpload/Project/176/Images/a.jpg

http://www.virtualhomes.sg/FileUpload/Project/176/Images/a9.jpg

http://www.virtualhomes.sg/FileUpload/Project/176/Images/a1.jpg

http://www.virtualhomes.sg/FileUpload/Project/176/Images/a2.jpg

http://www.virtualhomes.sg/FileUpload/Project/176/Images/a3.jpg

http://www.virtualhomes.sg/FileUpload/Project/176/Images/floor_typeB2.jpg

http://www.virtualhomes.sg/FileUpload/Project/176/Images/e1.jpg

click here to see the 720 degree virtual tour on the coast construction site (http://www.virtualhomes.sg/thecoastatsentosacove)


:)

Project Name-THE OCEANFRONT @ SENTOSA COVE
Developer-TC Development Pte Ltd(City Developments Limited / TID Pte Ltd)
Property Type-Condominium
Tenure - 99 Yrs From 10/08/2005
Total Units - 264
Completion Date - Est 30 Jun 2010
District - 4

http://www.virtualhomes.sg/FileUpload/Project/198/Images/ex1.jpg

http://www.virtualhomes.sg/FileUpload/Project/198/Images/ex2.jpg

http://www.virtualhomes.sg/FileUpload/Project/198/Images/ex4.jpg

http://www.virtualhomes.sg/FileUpload/Project/198/Images/in1.jpg

http://www.virtualhomes.sg/FileUpload/Project/198/Images/in2.jpg

http://www.virtualhomes.sg/FileUpload/Project/198/Images/in5.jpg

http://www.virtualhomes.sg/FileUpload/Project/198/Images/in4.jpg

http://www.virtualhomes.sg/FileUpload/Project/198/Images/floor_typeA1.jpg

>>>> click here for more floor plans >>>> (http://www.virtualhomes.sg/theoceanfront@sentosacove)

http://www.virtualhomes.sg/FileUpload/Project/198/Images/elevation.jpg

For more details ,click here (http://www.virtualhomes.sg/theoceanfront@sentosacove)

Project Name-THE AZURE
Developer-FCL View Pte Ltd(Frasers Centrepoint Homes)
Property Type-Condominium
Tenure - 103 Yrs Fr 16/10/2003
Total Units - 116
Completion Date - Est 31 Dec 2008
District - 4

http://www.virtualhomes.sg/FileUpload/Project/165/Images/a2.jpg

http://www.virtualhomes.sg/FileUpload/Project/165/Images/a3.jpg

http://www.virtualhomes.sg/FileUpload/Project/165/Images/a4.jpg

http://www.virtualhomes.sg/FileUpload/Project/165/Images/a5.jpg

http://www.virtualhomes.sg/FileUpload/Project/165/Images/a6.jpg

http://www.virtualhomes.sg/FileUpload/Project/165/Images/a9.jpg

http://www.virtualhomes.sg/FileUpload/Project/165/Images/floor_typeB1.jpg

>>> click here for more floor plans >>>> (http://www.virtualhomes.sg/theazure)

http://www.virtualhomes.sg/FileUpload/Project/165/Images/elevation.jpg

>>> click here for more info >>> (http://www.virtualhomes.sg/theazure)

:)

SEntosa is becoming the south beach, miami of Singapore

Was hoping for better design though.

Very sea frontage although couldn't the shape of the room be much better ?

^^whats wrong with the design ?

Looks very nice and classy.

which one do you think has the the best design in singapore?

New to singapore :)

http://sg.yimg.com/i/sg/providers/cnalogo4.gif
Seven Palms Sentosa Cove units sold at record prices
Channel NewsAsia
Wednesday, 7 October 2009, 2010 hrs

http://www.channelnewsasia.com/imagegallery/store/phpnUBXNC.jpg

Mainboard-listed high-end property developer, SC Global, said on Wednesday it has sold six units of its project at Sentosa for record prices.

The units of its Seven Palms Sentosa Cove development were sold at an average price of about S$11 million per residence, with prices ranging between S$3,100 and S$3,400 psf.

These are higher than the previous peak of about S$2,734 psf for a condominium unit at Sentosa Cove.

SC Global said it released about 10 units of the 41 available in the first phase of its sales through private previews.

Located at the southern-most end of Sentosa Cove, the development stands on an area of about 114,000 sqft.

The four-storey development features three, four and five bedroom units ranging from about 2,700 to 6,800 sqft.

Penthouse units are on the 4th storey and come complete with a private roof terrace, a 10-metre lap pool, and views of the sea, the beach lagoon and the Sentosa golf course. The penthouses range from 4,000 to 8,000 sqft in size.

new??
Quayside Isle Collection

http://www.watg.com/uploads/images/portfolio_C7B3C728-1372-FA94-03800ED1896ADDA5.jpg

http://www.watg.com/uploads/images/portfolio_C7B63F4C-1372-FA94-03D1D14A3C58A427.jpg

http://www.watg.com/uploads/images/portfolio_C7B7D35A-1372-FA94-03694CEEB6190248.jpg

http://www.watg.com/?pageid=C791B367-1372-FA94-0353831FDF8891EC

Seven Palms has just broken its September psf record with a $3,429-psf unit sold in Octiber.

The Quayside Isle Collection will feature Singapore's first W hotel. I can't wait for this hotel chain to come to Singapore. I loved its interiors and the vibe of the whole place.

Very nice

Ho Bee is going to launch their Seacape at Sentosa soon.

DTZ & Orange Tee are the appointed agency for this project and they have started to collect cheques from customer at $2600psf.

http://i169.photobucket.com/albums/u234/aaronchong/seascape.jpg

http://i169.photobucket.com/albums/u234/aaronchong/seascape1.jpg

http://i169.photobucket.com/albums/u234/aaronchong/seascape2.jpg

http://i169.photobucket.com/albums/u234/aaronchong/seascape3.jpg

http://i169.photobucket.com/albums/u234/aaronchong/seascape4.jpg

http://i169.photobucket.com/albums/u234/aaronchong/seascape5.jpg

http://i169.photobucket.com/albums/u234/aaronchong/seascape6.jpg

http://i169.photobucket.com/albums/u234/aaronchong/Siteplan.jpg

http://i169.photobucket.com/albums/u234/aaronchong/A1.jpg

Replica of the Coast, but probably selling twice the launch price of the Coast.

:O Looks great!

:O Looks great!

Price look even better!

Source:http://www.todayonline.com/Business/EDC101125-0000124/Sentosa-Cove-luxury-resort-unveiled

Sentosa Cove luxury resort unveiled
by Jonathan Peeris
05:55 AM Nov 25, 2010

SINGAPORE - City Developments said the structure of the new W Singapore Sentosa Cove hotel is ready while the adjacent Residences at W Singapore Sentosa Cove is nearing completion.

In an update on the construction of the luxury resort, CDL says it will be a cosmopolitan oasis for tourists and locals alike and is reminiscent of world-famous locations such as Port Grimaud along the French Riviera.

The developer added that it would soon call for tenders for a specialist retail component, comprising 30 quaint restaurants and shops.

The 240-room hotel, which sits at the water's edge, is the first in Singapore to have 10 berths at its doorstep that will cater to guests with luxury craft.

The adjoining Residences at W Singapore Sentosa Cove consists of 228 luxury apartments, including two- to four-bedroom units and penthouses. Jonathan Peeris

Does anyone know when the W Sentosa will open? Will it be a beachfront hotel or just a regular hotel with views of the beach?

W will open on 30 April 2012. It's not a beachfront hotel but fronts the marina in Sentosa cove:)

W will open on 30 April 2012. It's not a beachfront hotel but fronts the marina in Sentosa cove:)

Yeah, saw this well under construction when visting someone in Ocean Drive a couple of weeks ago, got a snap somewhere.

Good job on Sentosa generally, I must say, other than the view of Bukum Island from some of the beaches.

Incidently where can I get an answer to when Sing is getting proper night buses?:)

Seascape @ Sentosa Cove (District 9)

(Visit www.CondoExpert.sg (http://www.condoexpert.sg/) or call Jonathan @ 8100-8004 for more information!)

http://www.condoexpert.sg/wp-content/uploads/2011/12/Seascape-Facade.jpg

Summary

Developer : Seaview (Sentosa) Pte Ltd
Est. TOP : 1st Quarter 2012
District : 4 (Sentosa)
Est. Quantum Price : -
Location : 57 & 59 Cove Way
No. Of Towers : 2
Tenure : 99 Years Leasehold No. Of Storey : 8 Storey
No. Of Units : 151
Main Orientation : South-East/North-West Facing
Units Composition : 3 Bedroom, 4 Bedroom, Penthouses, Sky Villa, Sea Villa
Distance to MRT : Nearest to Harbourfront MRT Station
Buyers Eligibility : Locals/PRs/Foreigner
Payment Scheme : Normal Progressive
Primary Schools within 1km : Nil

Unit Types and Sizes

(No. of Units - Sizes (sqft))

3 Bedroom
77 - 2164/2174/2336

4 Bedroom
54 - 2669 to 3132

Penthouse
18 - 3380 to 4252

Sky Villa
1 - 9655

Sea Villa
1 - 6331

Total Units: 151

Facilities

Clubhouse
Function Room
Gymnasium
Wading Pool

Pool/Garden

http://www.condoexpert.sg/wp-content/uploads/2011/12/Seascape-Pool-Garden.jpg

Interior

http://www.condoexpert.sg/wp-content/uploads/2011/12/Seascape-Bedroom-Living-Room.jpg

Site Map

http://www.condoexpert.sg/wp-content/uploads/2011/12/Seascape-Site-map.jpg

Street Map

http://www.condoexpert.sg/wp-content/uploads/2011/12/Seascape-Street-map1.jpg

Visit www.CondoExpert.sg (http://www.condoexpert.sg/) or call Jonathan @ 8100-8004 for more information on Seascape as well as for other new launch condos!

W Residences @ Sentosa (District 4)

(Visit www.CondoExpert.sg (http://www.condoexpert.sg/) or call Jonathan @ 8100-8004 for more information!)

http://www.condoexpert.sg/wp-content/uploads/2010/10/w-residences.jpg

Summary

Developer : Cityview Place Holding Pte Ltd
Est. TOP : End 2010 District : 4 (Sentosa)
Est. Quantum Price : From $3+Mil Up
Location : 1 Ocean Way, Sentosa Cove
No. Of Towers : 7
Tenure : 99 Years Leasehold
No. Of Storey : 6
Site Area : 250,407 sqft
No. Of Units : 228
Main Orientation : To Be Released
Units Composition : 2,3,4 Bedrooms and Penthouse
Distance to MRT : Nearest to Harbour Front MRT
Buyers Eligibility : Locals/PRs/Foreigners
Payment Scheme : Normal Progressive
Primary Schools within 1km : Nil

Unit Types and Sizes

(No. of Units - Size (sqft))

2 Bedrooms
42 - 1227 to 1292

3 Bedrooms
86 - 1625 to 2616

4 Bedrooms
66 - 2067 to 2486

Penthouse
34 - 2217 to 6297

Total Units : 228

Facilities

Pool Deck
Jacuzzi
BBQ Area
Play Pool
Lounge

Swimming Pool

http://www.condoexpert.sg/wp-content/uploads/2010/10/w-residences-facilities.jpg

Interior

http://www.condoexpert.sg/wp-content/uploads/2010/10/w-residences-bedroom.jpg

Street Map

http://www.condoexpert.sg/wp-content/uploads/2010/07/wresidences.jpg

Visit www.CondoExpert.sg (http://www.condoexpert.sg/) or call Jonathan @ 8100-8004 for more information on W Residences as well as for other new launch condos!

This Project has TOPed. Kindly please move this thread, Moderator. Thanks!!

This Project has TOPed. Kindly please move this thread, Moderator. Thanks!!

Also, Please change the title. Sentosa is never district 9, it has always been district 4. Thanks!

W SENTOSA COVE POOL:)
https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-ash3/598689_438690419498454_2004231372_n.jpg
https://www.facebook.com/photo.php?fbid=438690419498454&set=a.306075872759910.82104.306059386094892&type=3&theater

W SINGAPORE SENTOSA COVE
SizzZwvkUpg

The W Sentosa is officially opened.


CDL unveils Singapore's greenest new hotel
By Lynda Hong | Posted: 02 October 2012 2113 hrs

http://www.channelnewsasia.com/components/display_image.php?id=512066
W Singapore - Sentosa Cove is the first new hotel in Singapore to be awarded the BCA Green Mark Platinum Award (Photo: City Developments Limited)

SINGAPORE: Property giant City Developments Limited (CDL) unveiled its new luxury hotel W Singapore - Sentosa Cove on Tuesday.

Experts said the hotel, which claims to be Singapore's greenest new hotel, offers, will reinforce CDL's corporate sustainability efforts.

The developer of W Singapore - Sentosa Cove said this is the first new hotel in Singapore to be awarded the Green Mark Platinum Award.

The Platinum Award is the highest rating tier for green buildings in Singapore by the Building and Construction Authority.

Green features at this new hotel took up 3.5 per cent of the total construction cost.

CDL typically spends two per cent to five per cent of construction costs on green features.

CDL declined to disclose the total construction cost involved to build W Singapore - Sentosa Cove.

"Corporate social responsibility is increasingly no longer nice to have, but a must-have for is long term sustainability and new growth opportunities for companies," said CDL's managing director Kwek Leng Joo.

"It is indeed a global business trend for companies to deliver - not just good financial bottomline, but also social and environmental results, as businesses are increasingly assessed by investors and stakeholders on their triple bottomline," added Mr Kwek.

CDL believes in developing the right balance between financial performance, environmental stewardship and social engagement, for continued growth, business excellence and sustainability.

CDL views its green efforts as a necessary investment which offers environmental benefits and significant operational savings.

When it rains, water is collected through a rainwater system, for the watering of some 5,700 square metres of plant area at the hotel.

This saves some 15,000 cubic metres of water and some S$22,000 of operational annually.

Energy efficient air-conditioning systems installed at the hotel are also estimated to save S$560,000 a year.

Sustainability experts said investors must go beyond green and cost-saving features when looking at benefits from a company's sustainable practices.

KPMG's director for climate change and sustainability, Graham Owens, said: "Getting an investor to understand that is part of the process. I don't think they fully understand the aspects now. The cost savings are the simple one.

"There are other aspects like reputation when these companies go abroad. The kind of quality expectations demonstrating that they understand their business well, and that they are not there for short-term profits."

Besides investors, experts noted that larger developers with diversified properties like hotels are reporting on sustainable practices to attract corporate customers keen to further the sustainability cause.

This means that smaller residential property players will take a while to catch up as homebuyers may not be willing to pay more for built-in green features.

- CNA/fa


source: http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1229201/1/.html

News in TODAY regarding Sentosa Cove.

https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash4/483620_10151301744547040_1751616169_n.jpg
https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-ash4/483620_10151301744547040_1751616169_n.jpg

source: TODAY (www.todayonline.com)