Ermm.. got the brochure and stuff, but donnuehow to upload.. Paiseh, abit outdated..

The cheaper, smaller 2 bedrooms with less ideal facing and lower floors start from $960k...

was there for around 1hour plus, and saw 3 checks being signed.. 1 ang moh couple, 1 old retired couple (the wife keep commenting to the husband: 1.2million only, not that we cant afford it wat...), and another father and son team buying.. And these are only those i saw.. am sure there are others i missed..

real premium price... for LH99. Price seems to be about the same as sail@marina. :)

I am happy for Sentosa Cove people who have stayed on the project for so many years. Hope they can get premium bids for the rest of their land parcels and create a seafront "Bukit Timah" there.

Attractive target for nearby pirates though and maybe illegal immigrants by the waters... But, guess we have safe waters and Sentosa Cove will be well protected?

prices are similar, but the starting price for a unit is about DOUBLE at sentosa cove. Their smallest unit is 2 bedroom, at slightly over 1000sqft. And due to the resort living theme, units come with spacious balconies that do eat into living space. But it (the balcony) sure is a neccesity at the cove due to the delicious surroundings.. Feels like living in a holiday paradise like the maldives or something..

(the wife keep commenting to the husband: 1.2million only, not that we cant afford it wat...)

:rofl:

hmm will piracy be a real problem there? I guess its so luxurious that illegal immigrants might wanna stopover! :lol:

but seriously its great that Sentosa can offer the ambience and this plan is becoming a reality :)

:rofl:

hmm will piracy be a real problem there? I guess its so luxurious that illegal immigrants might wanna stopover! :lol:

but seriously its great that Sentosa can offer the ambience and this plan is becoming a reality :)

Have heard of stories how some "lucky" illegal immigrants got into Singapore through Sentosa... scary though... But, with so many rich people (especially foreigners) there, I am sure Singapore government will do something to protect the area. It wouldn't reflect well on our home security if there is pirate attack...

hi guys, being in the navy and all that (esp being intimately involved in coastal surveillance), i can tell you one thing: Our waters are more TREACHEROUS than you can EVER IMAGINE. Right now i feel like i've lived my past 18 years on a dare, its almost inconceivable now that we've had the fortune of almost zero piracy / sea terrorism attacks within our waters when mere cables away (1 cable = 185.7m) all anarchy reigns on the whim of Indon sea pirates and even Indon Coast guards. Think about it, the barest skeleton of an economy exists in the Riau islands to shuttle factory workers to and from exclusive industrial camps in North Bintan and their shanty towns. Far from bringing prosperity and "civillisation" to the Riau folk, investments thus far have only eroded traditional household structures and caused an influx of migrant workers that the island is unable to provide for. Outnumbering the natives, who have either joined the desperate ways of the corporate culture (third world exploitation cum islamic fundamentalism et al) or retreated to their seaborne lifelihoods, the mobile, and usually poor, foreign workers often take to illegal fishing / piracy to shore up the sense of desperation that typically accompanies one's removal from a household / society / abiding culture of civillity. I guess this perception of Riau folk as being a mass of bitter exploited aliens simply stems from a lack of understanding of Riau society. I can think of many reasons why: the championing of a mongoloid culture in Singapore vis a vis Rising China, the consumerist lifestyle, the lack of awareness that the Chinese are not majority shareholders of SEAsia. All this have led to my deplorably condescending question of how mature Riau Society, Riau culture and the Riau ethos of civillity really is. Actually, I even question the existence of a Riau culture in the face of First World exploitation vis a vis Singaporean investment. Right, derailed nicely off the track again. My point is, I think Singaporean waters are risky and harbours pirates because the cultural divide is too vast between us and them.

What a lengthy read... :tongue2:

But, there are pirates out there. I have read about the indonesian pirates on the web...
http://news.bbc.co.uk/1/hi/world/asia-pacific/2994013.stm
http://news.bbc.co.uk/1/hi/world/asia-pacific/2148444.stm

What a lengthy read... :tongue2:

But, there's some truth in it. I have read about the indonesian pirates on the web... http://news.bbc.co.uk/1/hi/world/asia-pacific/2994013.stm

Yah....makes me a little dizzy since all the words are crowded together.......:no:

very enlightening read on Riau :yes:

Ho Bee wins Coral Island with $38m bid

1 Dec 04

At $206 per sq ft, price is 21% below bungalow plots in Sentosa Cove

(SINGAPORE) It's official. It costs only $38 million to have your own private island here. At least, that's the price at which Ho Bee Investment has been awarded Coral Island on Sentosa Cove. And it works out to $206 per sq ft based on a land area of 184,636 sq ft.

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Setting benchmark: Mr Chua with an artist's impression of terrace homes that Ho Bee expects to release in January. The group now has three projects on Sentosa Cove

The listed developer was the sole bidder for the en bloc sale of Coral Island, which can be subdivided into as many as 24 bungalow lots. The tender for the 99-year leasehold site, offered by Sentosa Cove Pte Ltd (SCPL), closed just over a month ago.

Ho Bee's bid was 21 per cent less than the lowest price at which SCPL had previously awarded water-facing bungalow plots, although these were sold individually.

Some consultants have said a 15-20 per cent en bloc discount for Coral Island wasn't unexpected given the higher risks involved in developing a more sizeable, high-end bungalow project versus buying an individual plot to develop a single home.

Ho Bee's chairman and CEO Chua Thian Poh yesterday said: 'As a developer, we need to have some cushion.'

Executive director Ong Chong Hua said: 'They (SCPL) know we have a proven track record. Probably on that basis, they awarded Coral Island to us, notwithstanding the fact that the market feels that the bid is on the low side.'

Property watchers had waited patiently to see whether SCPL would make the award. 'Holding back would have delayed the development of the rest of Sentosa Cove,' said a consultant.

For Ho Bee's part, Mr Chua said: 'We hope to reciprocate the confidence SCPL has shown in awarding Coral Island to us by developing it into distinctive and exclusive homes for the rich and famous. This will set the benchmark for future developments and enhance the value of Sentosa Cove as a whole. We intend to get a few foreign architects to come up with a design.'

Although the island can be subdivided into as many as 24 parcels, ranging from 6,000 to 9,600 sq ft each, Ho Bee may combine some plots if buyers are keen on homes with a bigger land area.

It plans to build a couple of 'prototype' bungalows that can double as show houses and custom-build the rest of the homes to buyers' specifications.

Mr Chua reckons that based on the maximum of 24 bungalows - each with its own private berth for a 40-ft boat - Ho Bee's breakeven cost will be about $3.5 million per bungalow factoring in high-quality finishes. 'Hopefully, by the time we launch it in first-half 2006, we can sell them for $4.5 million each,' he said.

Coral Island is one of five islands created at Sentosa Cove, which itself was created mostly on reclaimed land on the eastern edge of Sentosa Island. This is the third parcel that Ho Bee has clinched at Sentosa Cove. On its two earlier plots, it is developing a 200-unit condo called The Berth, and eight terrace houses.

The group has sold 100 apartments at The Berth, or more than 80 per cent of the 120 units released, since a week ago. The average price achieved is about $800 psf.

After this weekend, the plan is to close the showflat and begin sales again in January, when Ho Bee launches an ad campaign for the condo. The eight terrace homes are also likely to be released then. 'They will have land areas that are about 50 per cent more than typical units on the mainland,' Mr Ong said.

Plot sizes are about 2,200-2,600 sq ft for intermediate houses and 3,100-3,600 sq ft for corner units, Built-up areas will be about 3,200 to 3,300 sq ft for intermediate terrace houses and 3,500-3,700 sq ft for corner units. Prices are expected to start at $2.2 million.

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Dec 3, 2004
Six sailors kidnapped in five attacks
Pirates get bolder, with one boat in the past week raided by 50 men
By David Boey

IN AN indication that terror on the seas in this region is growing, gun-toting pirates carried out a total of five attacks on boats in the Malacca Strait in the past week, kidnapping six sailors.

Three boats were targetted, and one attack involved as many as 50 pirates, who surrounded a tug towing a barge and sprayed the craft with gunfire. Two of the boats were attacked twice.

At least 18 sailors have been captured for ransom since May in 10 separate attacks, including the latest incidents. Piracy watchers said that the attacks, carried out on unarmed sailors, indicate that the piracy situation in the congested Strait - used by more than 50,000 vessels each year - remains explosive despite attempts by Indonesia, Malaysia and Singapore to 'coordinate' naval patrols in the Strait since July this year.

Pirates have also been increasingly trigger-happy - shots are fired directly at the boats, and not around them as a warning to stop.

The latest attacks were reported to the International Maritime Bureau's Piracy Reporting Centre in Kuala Lumpur.

Recounting what happened, Mr Noel Choong, regional manager of the centre, said the latest attack took place on Tuesday at around 2.25pm as 12 sailors aboard a Malaysia-flagged tugboat were towing a cement-laden barge.

About 50 pirates in fishing boats surrounded and fired at the tug in the northern part of the Strait.

Pirates snatched the tug's captain and chief engineer, and also stole the boat's documents and other valuables. The documents contain information on the boat's owner and agent, and tell pirates whom to approach for a ransom.

The tug was attacked again at 7.25pm that day. Pirates forced the crew to abandon their barge but did not kidnap anyone else. The tug then fled for safety to the Malaysian port of Lumut.

Another spate of attacks, this time involving a tugboat with another tug in tow, took place last Saturday.

Each tug, registered in India, had seven crew members aboard when pirates attacked at 4pm that day.

The captain and chief engineer of the leading tug were kidnapped along with the captain and cook of the tug under tow.

Mr Choong said that while the two tugs were waiting for assistance from Indonesian warships, pirates attacked again at about 7pm.

In this attack, pirates boarded the first tug and wrecked its radio and satellite navigation equipment. The second tug was not touched, and Mr Choong said pirates could have thought that it was on its way to a scrapyard and there was thus nothing valuable aboard.

After this attack, the 10 remaining crew members on the two tugs decided not to wait for the navy escort, and set sail for Penang.

Mr Choong noted that pirate attacks have moved north in the congested Strait in a cat-and-mouse game after authorities were alerted of attacks in the middle of the Strait earlier.

Mr Daniel Tan, the executive director of the 240-member Singapore Shipping Association, also wanted to see the authorities from Indonesia, Malaysia and Singapore go beyond the present coordinated navy patrols, which started in July.

Mr Tan, who is also secretary general of the Federation of the Asean Shipowners' Associations, suggested that the navies devote more ships to these patrols and also go on 'hot pursuit', and intercept pirate boats even if they cross into a bordering country's territorial waters.

For more info about the Berth => http://www.theberth.com.sg/

Govt briefs developers on planned mega resort

18 Dec 04

Details like size of any casino and tenure of any gaming licence unclear, sources say

By VINCE CHONG

(SINGAPORE) Top developers including Li Ka-shing's Cheung Kong Holdings were briefed by government officials midweek on plans to build a mega resort here to spice up the tourism industry.


Sources said the talks included possible concepts for the huge project, which is expected to cost in the billion-dollar range.

What wasn't made clear, they said, was the size of any casino within the resort and the tenure of any gaming licence that would go with it.

The resort, however, seems likely to be located on either Sentosa or at Marina South, the sources said.

They expect a call for concepts will be announced soon, 'probably within the next two months', when more details will be provided.

About five developers are said to have met officials from the Urban Redevelopment Authority, Ministry of Trade and Industry, Singapore Tourism Board and Sentosa Leisure Group.

Sources said uncertainty arose over two Marina South sites - of different tenures - that have been identified as possible locations for the project. One site has a 60-year lease and the adjoining plot a 30-year lease.

According to one of those at the meeting: 'The government said it is still flexible and developers can counter-propose in their concepts. But it remains difficult to plan anything because there are still issues like the tenure of a possible gaming licence.

'For example, developers will need to know how long a licence will run for, and what happens after the licence - say, for 10 years - runs out. Would there be a change in casino operator then?'

Another source said the briefing discussed the resort plan in general, not specifically a casino. Developers who don't participate in concept proposals are not expected to be allowed to tender for the project.

The government has remained non-committal about a casino as it continues to monitor feedback.

Senior Minister of State for Trade and Industry Vivian Balakrishnan said last month the authorities plan to meet 6-12 potential investors soon to discuss concepts for a world-class resort that could include a casino.

Market watchers believe these parties are developers and operators.

'The reason for having two sites could be that Sentosa has always been the government's choice for any casino, while Marina South could have been proposed by a prospective international gaming operator,' a developer said.

Dr Balakrishnan, who is also Acting Minister for Community Development, Youth and Sports, had said that any gaming portion is expected to be only a small part of a potential 'iconic, full-service' resort that will include fine dining and high-end shops.

International gaming operators who have indicated interest in setting up shop in Singapore include Harrah's Entertainment, the second-largest US casino company, and Kerzner International, which owns the Atlantis resort in the Bahamas.

20 units of Berth sold during official launch

18 Jan 05

THE Berth by the Cove - the first housing project on Sentosa - sold some 20 units during its official launch over the weekend.

http://business-times.asia1.com.sg/mnt/media/image/launched/2005-01-18/tberth18-200012.jpg
Selling well: To date, 140 units of The Berth by the Cove have been sold. BT understands that the bulk of the popular seaview units have been snapped up

The 99-year leasehold project was first released at end-November when 100 units were put up for sale, with over 50 units sold in two days. The developer, Ho Bee Investment, has also since raised the average price by 2 per cent to just over $800 per square foot from an initial $785 psf during the preview.

The latest sale of the 20 units brings total sales to 140. There are 200 units at The Berth. BT understands that the bulk of the popular seaview units have been snapped up.

Ho Bee will also develop Coral Island on Sentosa. The listed developer was the sole bidder for the en bloc sale of Coral Island, which can be subdivided into as many as 24 bungalow lots. Ho Bee is also developing eight terrace homes on Sentosa.

Meanwhile, City Developments said that to date, it had sold 530 units at The Sail@Marina Bay. Together with joint venture partner AIG, the duo have released 600 units at the mega 1,111-unit condominium project.

CityDev and AIG had raised the $900 per square foot average price by 2 to 5 per cent, bringing the figure to $918 to $945 psf. The latest average price achieved is around $950 psf.

'We are very pleased with the positive response. With close to 90 per cent of the launched units already sold, it reflects the quality of this exquisite one-of-a-kind development,' a CityDev spokeswoman said.

'Berthing' at Sentosa a big hit

23 Jan 05

Sentosa's condo with a sea view doesn't come cheap, but its price doesn't deter buyers

By Crystal Chan

WHEN Mr Noel Hawkes moves into his apartment on Sentosa some time next year, he'll have an unblocked view of the sea from his windows.

The general manager of Hotel Phoenix paid $1.45 million for a three-bedroom apartment in The Berth by The Cove, the first condominium project on Sentosa.

It's the kind of money people put down for freehold properties on the mainland.

Yet, developer Ho Bee Investments has so far sold 140 of the 200 99-year leasehold units, with close to 100 buyers choosing units with views of the sea.

Ho Bee general manager Chong Hock Chang said that some 40 per cent of the buyers are foreigners, and all are high-income earners.

Indeed, properties facing the sea have always been sought after by home buyers.

And these properties do not include only swanky condominiums like Pebble Bay and Costa Rhu in Tanjong Rhu; but also Housing Board flats in Marine Parade, which command a premium because of the views.

The price difference between an HDB flat with a sea view and one without can be tens of thousands of dollars.

Mr Mohamed Ismail, chief executive of property agency PropNex, said: 'When the property market did well in the early 1990s, a five-room flat in Marine Parade could command a price difference of between $50,000 and $80,000 if it faced the sea.

'Today, even though the property market isn't doing as well, the price difference would still be between $20,000 and $50,000.'

He said that for condominiums, the price difference would be around 5 per cent, just because buyers are willing to pay more for the all-important sea view.

As Mr Hawkes, 50, put it: 'My Sentosa apartment faces the sea. I won't have to open my windows to a view of blocks of apartments.'

He and his wife, and their five-year-old son, currently live in Orchard Road.

Units at The Berth are currently selling at just over $800 per sq ft, up from $785 psf when the first 100 apartments were released for sale in November last year.

Besides the usual condominium facilities like swimming pools, barbecue pavilions, gymnasium and 24-hour security, The Berth by The Cove will also have 25 boating berths, something that other properties on the mainland do not offer.

Property analysts said this is what sets the project apart from other waterfront properties, and might be why it is selling well.

Mr Tay Kah Poh, executive director at property consultancy Knight Frank, said: 'With berthing facilities, you can just go down to the jetty, hop onto your boat and go round the island. That's a real resort lifestyle, which properties on the mainland can't offer.

'The waterfront view is also a boon because the view of a large body of water is soothing and therapeutic to some people. Some people are willing to pay a premium for a sea view.'

But are they willing to travel from Sentosa to their workplace on the mainland?

Said Mr Hawkes, who works right in the heart of Orchard Road: 'My wife said, 'Oh no! Sentosa is so far from the mainland!' But when we drove from Orchard Road to the show-flat in Sentosa, it turned out to be only a 10-minute drive.

'So I'm not worried about travelling a long distance to my workplace.'

Even grocery shopping isn't a problem for the Hawkes - VivoCity at nearby Keppel Harbour, Singapore's largest mall, is scheduled for completion in the fourth quarter of next year, when his new home will also be ready.

He added: 'The sound of the sea and the feeling of the breeze will be a welcome retreat after living in Orchard Road for 17 years.'

Sentosa terrace houses set price record

1 Feb 05

By KALPANA RASHIWALA

(SINGAPORE) Developer Ho Bee has set a record price for Singapore terrace homes with its Sentosa Cove development. The Berthside, comprising eight terrace homes on Sentosa Island, is going for between $2.2 million and $2.85 million per unit - and buyers have already signed up for seven of them since sales started on Jan 21.

Four of the buyers are foreigners and permanent residents.

There are several good reasons why buyers are paying such prices.

For one, the project is the first of its kind here. There are currently no waterfront-facing terrace homes in mainland Singapore, say property consultants.

In fact, Ho Bee's project marks the first time landed homes are being offered on Sentosa Cove, an upmarket residential district coming up on the eastern coast of Sentosa.

Each of the 99-year leasehold terrace houses at The Berthside comes with a private berth for owners to park their boats.

Secondly, Ho Bee's units are much larger than typical terrace homes on the mainland, said Ho Bee Investment's general manager Chong Hock Chang.

Intermediate terrace units at The Berthside have land areas of 2,300-2,700 sq ft each, compared with typical plot sizes on the mainland of 1,600 to 1,800 sq ft. Built-up areas for Ho Bee's units range from 4,200 to 5,000 sq ft - again larger than the usual 3,000-3,500 sq ft elsewhere in Singapore.

Similarly, corner units at Ho Bee's project come with land areas ranging from 3,200 sq ft to 3,800 sq ft and built-up space of 4,300-5,200 sq ft - surpassing those on the mainland, which usually have a land area of 2,200 to 2,400 sq ft and built-up areas of 3,000 to 3,500 sq ft.

Intermediate units at The Berthside cost $2.2 million to $2.4 million each, while the corner homes are priced between $2.65 million and $2.85 million, said Mr Chong.

Property consultants say the most expensive terrace homes on mainland Singapore available from developers are Far East Organization's freehold homes at The Greenwood, with intermediate terrace units priced at around $2.1 million.

In the 99-year leasehold segment, the highest-priced transaction for a terrace house since 2003 has been at about $1.3 million.

Another strong selling point for Ho Bee's project is that foreigners receive fast-tracked approval, within 48 hours, from the Singapore Land Authority's Land Dealings (Approval) Unit to buy landed properties on Sentosa Cove.

Foreigners, including permanent residents, may buy landed housing, vacant land and apartments in a building of less than six storeys only if they have the LDU's approval.

This approval is usually granted in about three to five weeks to PRs and foreigners deemed to bring some economic benefit to Singapore.

The two foreigners who've bought terrace homes at The Berthside are from Hong Kong and India while the two PR buyers are Malaysians.

Ho Bee has three projects at Sentosa Cove. It is developing a 200-unit condo, The Berth, which it began selling in late November. It has to date sold more than 70 per cent of the project, whose average price has moved from $785 psf to just above $800 psf over the past few months.

The group has also bagged Coral Island, which is one of five islands created at Sentosa Cove. On it, Ho Bee plans to develop 21 bungalows with plot areas ranging anywhere from 6,200 sq ft to 14,000 sq ft.

The luxury homes will have built-up areas of between 5,000 sq ft and 10,000 sq ft.

Prices are expected to start from $4.5 million.

Ho Bee has engaged high-profile Singaporean architect Tan Hock Beng's Maps Design Studio as architect for the project.

It has also roped in internationally-renowned landscape consultant Bill Bensley to do the landscaping for Coral Island's common areas as well as for individual bungalows. The myriad projects which Mr Bensley, an American based in Bangkok, has worked on all over the world include the Four Seasons Hawaii, Sheraton Lagoon Bali, Oberoi Mauritius and Grand Hyatt Istanbul.

Mr Tan has designed a whole portfolio of projects in Singapore and overseas. He bagged awards last year for designing a condo named Casa Grande in Marbella, Spain, and 17 upscale bungalows at Palauea Bay, Hawaii.

Does anyone have prices for a unit at Sentosa Cove?

it should be about 770 psf

21 February 2005

Sentosa Cove invites tender for condo development

SINGAPORE : Property developers can now start to bid for another piece of Sentosa Cove - the integrated oceanfront marina and residential community located on the southern island.

Sentosa Cove says it is inviting both local and overseas property firms to bid for a high-rise condominium development site at the entrance to the marina.

It is one of two such sites at Sentosa Cove and is expected to yield about 270 condominium units.

Developers who are interested have nine weeks to make their bids.

Their submissions must include an architectural design proposal for an iconic landmark.

Tender closes on April 26. - CNA

Copyright © 2005 MCN International Pte Ltd

21 February 2005

Sentosa Cove says it is inviting both local and overseas property firms to bid for a high-rise condominium development site at the entrance to the marina.

Their submissions must include an architectural design proposal for an iconic landmark.



highrise at Sentosa?! :eek:

that will be very interesting

I'm not sure I like the idea... Got to see how's the "iconic landmark" is gonna look first ^^

It wont be that tall anyway, 15 storeys

Design a criterion in Sentosa tender

22 Feb 05

Exercise will target both local and foreign developers

By KALPANA RASHIWALA

THE latest land tender for a condominium development at the upmarket residential enclave of Sentosa Cove will be awarded based not only on price, but also on the bidder's architectural design proposal.

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The 197,152 sq ft site, at the entrance to the Cove's marina basin, is one of only two on Sentosa Cove that can be developed up to 15 storeys - the tallest allowed on Sentosa Cove. The site is expected to yield about 270 condo units.

'Price is important, but at the same time, because we want this to be an iconic landmark, the design element of the concept also has a great influence on our final selection,' said Sentosa Cove chairman Jennie Chua.

'This is going to be one of the most sought-after sites. I'm sure we will be able to get a good response - not only from Singapore developers but also foreign interest,' she added.

Property consultants polled by BT expect the latest site to fetch between $400 and $450 per sq foot (psf) of potential gross floor area. The site has a 2.5 plot ratio (ratio of potential GFA to site area), against a 1.8 plot ratio for the two earlier condo sites offered on Sentosa Cove.

Based on bids of $400-450 psf per plot ratio (ppr) for the latest plot, a new condo project can break even at $700 psf to $800 psf, depending on how upmarket the end product is, analysts said. The first condo on Sentosa Cove, Ho Bee's The Berth by The Cove, was released in November last year at an average $785 psf. Its price has since inched up to just above $800 psf currently.

Ho Bee's 200-unit development is coming up on the maiden condo site sold by Sentosa Cove in late 2003. Ho Bee's land bid worked out to $351 psf ppr.

The second condo parcel offered on Sentosa Cove was clinched last year by Centrepoint Properties for $411 psf ppr.

Both the earlier earlier sites have a maximum height restriction of six storeys.

Asked how Sentosa Cove will strike a balance between pricing and design in making its award for the latest condo plot, Ms Chua said: 'This piece of land is so attractive, we are confident we'll get an interesting concept at the correct pricing.

'We can be completely open-minded on how we do things as long as, bottom line, whatever we do is above board and works towards the success of the Cove.'

Sentosa Cove said yesterday that 'a panel of eminent architects and planners will be invited to assess the design submissions'.

Its general manager, Margaret Goh, said: 'We need a design proposal, including a massing model, visuals/drawings and a narrative of the basic architectural design.'

Bidders will have nine weeks to submit their proposals and tender bids. The tender closes on April 26.

Sentosa Cove launches private treaty sale

3 Mar 05

It will offer 19 bungalow lots priced at $265-$380 psf

By KALPANA RASHIWALA


SENTOSA Cove Pte Ltd (SCPL) is launching its maiden private treaty sale exercise, offering 19 lots from tomorrow.

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They comprise 15 sea-facing bungalow plots and another four with waterway frontage - priced between $265 per square foot (psf) and $380 psf of land area.

The price range for the 99-year leasehold plots is pegged to prices achieved at earlier tender sales in the upmarket housing enclave on Sentosa Island.

The latest bungalow sites have land areas ranging from 6,631 sq ft to 9,580 sq ft. And those eyeing prospects of building a grand dream home on a much bigger land area by amalgamating two or more bungalow sites will have the opportunity to do so in the latest sale.

The current batch of 15 sea-facing bungalow sites are right next to the condo parcel that was sold last year to Centrepoint. Some of the plots have partial views facing mainland Singapore.

The four waterway fronting bungalow plots face Coral Island and were the parcels that remained unawarded after a tender that closed in September last year.

Another first from SCPL is that it is giving buyers of the latest 19 bungalow sites the option of selecting from a variety of designs offered by Sentosa Cove's panel of architects.

'These pre-designed bungalows are an added convenience for would-be buyers,' SCPL said in a release yesterday.

The architectural firms in the panel include Maps Design, Guz Design, Forum Architects, CPG-Timothy Seow Studio and Timur Design.

SCPL, the master developer of Sentosa Cove, is expected to offer more bungalow lots for private treaty sale if it receives encouraging response to the maiden exercise.

'The new system . . . equates to more hassle-free purchase of Sentosa Cove's bungalow land parcels,' SCPL said yesterday.

'The private-treaty format is based on fixed prices ascribed to individual land parcels, which will be made known to all interested buyers - similar to the method of sale used for other private properties in Singapore.

'This allows interested buyers to select and purchase their dream bungalow land parcels immediately. Sale is on a first-come-first-served basis.'

Private treaty deals are expected to speed up the sale of land parcels on Sentosa Cove as they are typically a faster method of selling property compared with the more troublesome tender method, say property consultants.

The Sentosa Cove upmarket waterfront housing precinct will eventually have 2,600 homes, roughly comprising 2,100 condo units, 300 bungalows and 200 terrace homes on a 117-hectare stretch on the eastern coast of the island.

About 9 per cent of this land, which can generate about 400 homes, has been sold through tender exercises since October 2003.

BT reported last week that SCPL is not abandoning the tender system.

It will use it in parallel with private treaty deals for the sale of bungalow lots, with the tender method helping to benchmark prices for various locations on Sentosa Cove, which can then be used as a price guide for the sale of similar, nearby plots by private treaty.

As well, SCPL will continue to use the tender system to sell bigger parcels for terrace housing and condos to developers.

Business Times - 04 Mar 2005

Sentosa Cove buyers may get PR deal

Bungalows may be allowed as part of investment under permanent residence scheme

By KALPANA RASHIWALA

(SINGAPORE) The appeal of Sentosa Cove to wealthy foreign property buyers could get a boost soon - if an extension to a permanent residence scheme to woo high net worth investors takes effect.

Under the proposed extension, up to $2 million of the $5 million minimum investment required for the Financial Investor Scheme for Permanent Residence can be invested in a bungalow on Sentosa Cove. The remaining sum of at least $3 million must still be placed in financial assets, however.

The changes are still being finalised.

According to the existing scheme, which took effect late last year, applicants must place at least $5 million in financial assets with financial institutions regulated by the Monetary Authority of Singapore (MAS). Applicants must also have minimum net personal assets of $20 million.

An MAS spokesman yesterday confirmed that details are being finalised for a variation of the scheme to allow a bungalow purchase on Sentosa Cove to form part of the qualifying assets. 'We are working out the details with the Ministry of Trade and Industry,' said the MAS spokesman.

MTI is the parent ministry of Sentosa Development Corporation. The latter, in turn, is the parent of Sentosa Cove Pte Ltd, the master developer that has been selling land in the upmarket waterfront housing district since October 2003.

However, some developers and property market watchers are wondering why bungalows on Sentosa Cove are the only qualifying property assets allowed under the proposed variation of the Financial Investor Scheme.

Market watchers reckoned the authorities' thinking could be similar to the rationale given last year when fast-track approval within 48 hours was introduced for foreigners (including PRs) buying land and landed homes on Sentosa Cove: 'The strategic objective of Sentosa Cove is to attract international talent and high net worth personalities to have a stake in Singapore.'

Elsewhere in Singapore, foreigners including PRs, can only buy such restricted residential property if they have the permission of the Land Dealings (Approval) Unit. Approval is usually granted in about three to five weeks to PRs and foreigners deemed to bring some economic benefit to Singapore. However, under a special channel set up for Sentosa Cove, the approval time has been reduced to two working days.

On learning about the proposed change to the Financial Investor Scheme for PRs which will allow bungalows on Sentosa Cove as a qualifying asset for the minimum $5 million investment, a developer said yesterday: 'I guess they have to start somewhere, and Sentosa Cove is a good starting point. But we hope that the qualifying assets can be extended in the near future to cover terrace houses and condos on Sentosa Cove, as well as to residential properties in the rest of Singapore.'

Another restriction that developers have been lobbying to remove is a measure introduced as part of the May 1996 anti-speculation package - that residential property purchases can no longer form part of the $1.5 million investment that PRs make under the Economic Development Board's Permanent Residents for Investors' Scheme.

That restriction remains, an EDB spokesman confirmed yesterday.

Under the variation to the Financial Investor Scheme for PRs, the Sentosa Cove bungalow purchase can be for land bought directly from SCPL or a completed property bought from developers or subsequently in the resale market.

The minimum five-year holding period under the original scheme announced in November also applies to bungalow purchase on Sentosa Cove. However, applicants granted Singapore citizenship during the five-year retention period will no longer need to comply with the terms and conditions of the scheme.

SCPL began selling land on Sentosa Cove in October 2003. To date, it has sold through tenders two condo plots, four sites for terrace housing, 24 bungalow lots as well as Coral Island, which will be developed into 21 bungalows.

From today, SCPL is selling bungalow plots through private-treaty to broaden its reach to individual investors. When fully developed, Sentosa Cove will have about 300 bungalows, 200 terrace homes and 2,100 condo units.

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

07 April 2005

SUTL to build $80m mega-yacht marina at Sentosa Cove
By Chua Chin Chye, Channel NewsAsia

SINGAPORE: Leisure and lifestyle products conglomerate SUTL Group has launched Singapore's latest marina club.

Named One 15 Marina, the club will cost $80 million to build.

It is seen as one of the crown jewels of the waterfront lifestyle development Sentosa Cove.

It will be able to accommodate yachts that are 80 feet or longer, making it Singapore's first mega-yacht marina.

Sentosa Cove is located one degree and 15 minutes north of the Equator.

Hence the name, One 15.

With such a location, the marina club promises a breathtaking sea view.

And more than just a marina, it's also a town club, just 10 minutes away from the Central Business District.

"One 15 Marina will be a club for all. It's a club for those residential homeowners - the 2,600 homes that are targeted to complete in this Sentosa Cove residential area - and also for the general Singaporeans living in the big city outside Sentosa. And also, many expatriates living in Singapore," said One 15 Marina's chairman and managing director Arthur Tay.

Of the 2,600 homes in Sentosa Cove, only 40 percent have waterfront berth which is limited in size, between 18 and 25 feet.

One 15 Marina has a membership target of no more than 4,000.

Membership is priced at S$28,000, but early birds need only pay $23,888.

"This marina is unique, it will be ultra-modern. It is state-of-the-art. Looking at the future of young demanding members, we got to create and develop new designs, restaurants, multi-level bar and lounge, a big and wide gym and many modern-design infinity pools. There will be entertainment centres, ballrooms and open-concept restaurants of the latest design," said Mr Tay.

The marina holds a 30-year leasehold tenure, covering some 14.2 hectares, while the town club takes up about 1.7 hectares. - CNA

Copyright © 2005 MCN International Pte Ltd

April 8, 2005
'Universal' theme park on Sentosa?
Universal Studios ties up with Genting Bhd in a bid to build resort

By Glenys Sim

SINGAPORE could soon have its own Universal Studios theme park on Sentosa island, with attractions like Jaws and Jurassic Park rides.

The Straits Times understands that the American company has joined Malaysian casino operator Genting Berhad in a bid to build the proposed integrated casino resort.

Sources say Genting is planning to pump in S$3 billion to S$4 billion - more than the US$1 billion to US$2 billion (S$1.65 billion to S$3.3 billion) some other bidders have announced.

The mega-resort would employ more than 10,000 people and the bid brings attention back to Sentosa.

Ever since the Government called for proposals in December, the smaller but more accessible Marina site has drawn greater interest from international gaming operators such as Wynn Resorts and Las Vegas Sands.

Genting has also put in a Marina proposal, said to be similar in investment size to its Sentosa one.

Its Sentosa concept plan is the first one known to include both a casino and theme park in the integrated resort.

Universal, majority-owned by United States corporate giant General Electric, has roller-coaster rides and stunt shows in its parks, themed along the lines of hit movies like Back To The Future and Spider-Man.

It now has five parks, in Hollywood in California; Orlando in Florida (where there are two); near Barcelona in Spain; and Osaka in Japan.

Another is due to open next year in Shanghai, China, but some media reports say it has been dropped.

Asia's only Universal venue, the 200 billion yen (S$3 billion) park in Osaka, drew more than 11 million people in the first 12 months of its opening in 2001.

In the Sars year of 2003, nearly nine million went there, making it the sixth most visited theme park in the world.

Five of the Top 10 most-visited parks in the world are said to be found in Asia. Industry players estimate that more than US$20 billion is spent at amusement parks worldwide each year.

Sources say the park in Singapore would be about the same size as Hollywood's, which has 14 movie-theme attractions.

Genting's bids are put in by its overseas investment arm Genting International and sister company Star Cruises. Its spokesman declined comment.

The Government received 19 proposals and will announce whether or not it will go ahead with the casino on April 18.

Copyright © 2005 Singapore Press Holdings. All rights reserved.

14 April 2005

Kerzner hopes to bring paradise resort to Sentosa
By Thomas Cho, Channel NewsAsia

SINGAPORE : Kerzner International, the creator of Atlantis in the Bahamas and Sun City in South Africa, is hoping to build a paradise on Sentosa Island.

Kerzner submitted a concept proposal for the integrated resort in Singapore, along with local property developer CapitaLand.

The company says its concept is centred more on the attractions of an integrated resort and not so much on the gaming aspect.

Sentosa is Singapore's premier island resort getaway with multi-faceted appeal -- that is the draw for Kerzner International.

Kernzer promises that its resort on Sentosa will be unique.

"The inspiration for this project is, someone walks into the project, they are going to say, Wah! And it's going to be incredibly memorable and they are not going to have be able to see this before," said Butch Kerzner, chief executive of Kerzner International.

"We want this to be completely different and not just something taken from somewhere and exported to Singapore," he said.

For Kerzner, the main attractions at its resorts are not the casinos.

It says visitors will not get heads over heels over gaming tables and slot machines as gaming is a small component of the overall experience.

Instead, huge investments are poured into other attractions to draw visitors to its resorts.

"Our focus in the company is on the non-gaming attractions. If you take Atlantis, less than 3 percent of the investment went into the casino. The investment went into all the attractions to drive the customers to get on the aeroplanes to come and visit us in the Bahamas, which is not totally accessible," Mr Kerzner said.

"We see a very similar thing in Singapore, so it is just consistent with who we are. We approach this business as tourism first, gaming second." - CNA

Copyright © 2005 MCN International Pte Ltd

One Degree 15's glass podium/structure looks nice.

Well found this today about Sentosa Cove:

CityDev bags plum Sentosa site for $239m
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
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.

that looks quite nice

Well found this today about Sentosa Cove:

CityDev bags plum Sentosa site for $239m
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
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.


The idea of this iconic building should be from this animal: echidna (spiny ant eater) :laugh:

http://www.westernwildlife.com.au/western/mammals/echidna.htm

i thought it was quite inspired by the sail

Definitely cannot say the idea is from the animal, if not whole site will equate to ZOO and all BUYERS will become wild ANIMALS :hahano: :hahano:

Great....more developments coming up......:yes:

May 17, 2005
Sentosa Cove to auction hillside plots

By Joyce Teo

SENTOSA Cove, the luxury housing development on the eastern part of Sentosa island, is auctioning off six hillside bungalow plots next month, to set benchmark prices for these plots.

The sites, which are on the market for the first time, are next to Serapong Hill and range from 732 sq m to 1,046 sq m.

Unlike other bungalow sites in the Cove which have a plot ratio of 0.75, these have a plot ratio of 1.0, which means bigger bungalows can be built there.

Previously, Sentosa Cove used the tender system to benchmark prices. It replaced this in March with the private treaty method for bungalow plots. Under this, prices are ascribed to each plot.

It has sold 35 of the 39 bungalow sites it has on offer with this.

'Individuals are not used to tender systems,' said Cove's chairman, Ms Jennie Chua, explaining the change. 'They're more used to negotiating.'

With the auction method, buyers have a higher chance of securing adjoining plots.

Once a benchmark has been set, Sentosa Cove is expected to sell its remaining 23 hillside plots under the private treaty method.

To take part in the auction on June 15 at Sentosa Cove's sales and information centre, prospective bidders are required to pre-register with Sentosa Cove.

Meanwhile, a joint venture between City Developments Ltd (CDL) and TID Pte Ltd has won the tender to build an iconic condominium at the Cove. TID is a partnership between Hong Leong Holdings and Japan's leading real estate company, Mitsui Fudosan.

Its design concept and bid of $484.69 per sq ft per plot - a total of $238.89 million - was picked from a pool of 10 bids featuring 15 design proposals, Sentosa Cove said in a statement last Friday.

CDL-TID's concept, by United States-based design firm Wimberly Allison Tong & Goo, was one of three designs shortlisted by an independent panel of three architects, said Ms Chua, adding that price-wise, the venture's bid was also one of the top three.

She declined to reveal the top bid, saying only that the panel was pleased with the high standards of the concepts and the unprecedented number of quality bids.

The site, situated at the entrance to the marina, is one of two in the enclave that can have apartment blocks up to 15 storeys.

A CDL spokesman said: 'We believe it's one of the best sites in Sentosa. Not forgetting that Sentosa will be one of the locations to have an integrated resort, we think the real estate there will be a good investment.'

He added that the high-end project may have 240 to 270 units.

Centrepoint Properties has said it will launch its 113-unit condominium - the enclave's second condo - later this year.

Sentosa Cove's first condo, the 200-unit The Berth by the Cove, was launched last November. It has about 30 units left, priced at slightly above $800 psf.

Copyright © 2005 Singapore Press Holdings. All rights reserved.

Auction of Sentosa Cove plots fetch over $3m each

16 Jun 05

The price range of $382-451 psf beat that of plots sold by private treaty

By ALEXANDRA HO

BUYERS spent more than $3 million per building plot at the first Sentosa Cove land auction yesterday.

http://business-times.asia1.com.sg/mnt/media/image/launched/2005-06-16/ahcove16-211830.jpg

The company had advertised the sale of six hillside land plots for bungalow development with a brochure exhorting would-be buyers to 'Own an exquisite villa with stunning views of the sea, fairways and city skyline'.

Carrying a 99-year lease, five of the plots fetched between $382 and $451 per square foot at the auction - significantly higher than the $265 to $380 psf price range for sea and waterway-fronting bungalow plots sold through private treaty in April.

Jones Lang LaSalle's regional director Lui Seng Fatt pointed out that the prices fetched at the auction were comparable to those for freehold good class bungalows in districts 9, 10 or 11 - but these sales were for the building plots alone, on leasehold land.

Knight Frank's director of research and consultancy Nicholas Mak also observed that while the price range was what he described as 'reasonable', it showed that auctions could fetch higher prices than sealed-envelope tenders.

For the one unsold plot, the Sentosa Cove company said higher offers had been received for the land parcel prior to the auction, which it would follow up. The five buyers - three Singaporeans and two foreigners - paid between $3.08 million and $3.97 million in total for each land parcel.

One hundred potential buyers showed up at the auction in expensive but understated cars like BMWs, Mercedes and Volvos. And they meant business, making quick decisions in the keenly-fought one-and-a-half hour auction.

The six plots of land are sized between 7,888 and 11,268 square feet. Because they are situated at the foot of Serapong Hill, they have a plot ratio of 1.0 and can be built up to three storeys. The bungalow sites sold in earlier batches only had a 0.75 plot ratio and a two-storey height restriction, as these faced either the sea or waterways.

Analysts say the buyers will have to come up with an extra $1 to $3 million to build their dream homes. Mr Lui of Jones Lang LaSalle said the price would include amenities like swimming pools and quality finishes.

With the sale of these plots, Sentosa Cove will use the prices reached at yesterday's auction as a benchmark for the other 23 hillside bungalow lots available. They will be sold through private treaty.

Since it started selling land parcels in late 2003 for bungalow, terrace housing and condominium developments, Sentosa used tender and private treaty sales methods.

Before the auction, the company's chairman, Jennie Chua, said that bungalow parcels in other 'new locations' at Sentosa Cove were also likely to be sold initially by auction, with subsequent parcels at those locations would then be offered through private treaty, with the auction prices as benchmark.

Ms Chua said individual property buyers preferred the private treaty system, with its room for price negotiation, although they also liked the auction method as they had a higher chance of securing adjoining plots.

To date, 107 bungalow land parcels have been released for sale, and 104 of them - or 97 per cent - have actually been sold. The highest price attained for the seafront bungalow land parcels have exceeded $460 psf, while waterway-facing plots have gone for $400 psf.

The price for these land parcels are reasonable in today's standards given its exclusive location. It's a really nice sea-fronted place to live in with a resort feel yet near to the business district. hmmm... so far, nothing has been said on the proposed retail/F&B area in Sentosa Cove yet. :)

oh..will that area be open to public and where on Sentosa Cove will it be located anyway?

Yeah..it will be open to the public and the sentosa cove is located on the eastern part of sentosa...

Went there for my boat-asia event...Really nice one..with a lot of medditerean-style features..and some nice arc bridges there too..Interesting cladding there too..

When you enter the Sentosa Cove, you will be greeted with the few dolphines sculptures with fountains around them.

:runaway:

oh..will that area be open to public and where on Sentosa Cove will it be located anyway?

Yeah..it will be open to the public and the sentosa cove is located on the eastern part of sentosa...

Went there for my boat-asia event...Really nice one..with a lot of medditerean-style features..and some nice arc bridges there too..Interesting cladding there too..

When you enter the Sentosa Cove, you will be greeted with the few dolphines sculptures with fountains around them.

:runaway:

yes beautiful place!

I dont know if you saw these but hyacinthus took pics of the place and those dolphins :D

http://www.skyscrapercity.com/showthread.php?t=208462

oh..will that area be open to public and where on Sentosa Cove will it be located anyway?

yup. there were plans about it years back.

At the Marina Village. It was planned on the other side of Cove which we didn't explore that day. It would be good though if they could change the name "Marina Village" to something more classy cos it sounds like it's at marina south.

Extracted from Sentosa Cove website: http://www.sentosacove.com.sg/marinav.htm

"Take a stroll down the romantic lanes of Marina Village and discover its fascinating selection of eclectic and fine restaurants, al-fresco cafes and exquisite shops.

There’s more at the five-star resort hotel by the idyllic oceanfront. And with the sea as a picture-perfect backdrop, enchanted evenings under a canopy of scintillating stars could be nightly affairs at the Marina Village. All you need to enjoy its distinctive ambience, colour and flavour is time."

Thanks but minus nice dolphines sculptures frolicking among fountains

THanks RafflesCity !

:runaway:

yes beautiful place!

I dont know if you saw these but hyacinthus took pics of the place and those dolphins :D

http://www.skyscrapercity.com/showthread.php?t=208462

^

no problem :) :D

Business Times - 10 Aug 2005

Ho Bee closing in on Sentosa's Paradise

Price expected to be $65m; the firm can develop 33 bungalows on site

By KALPANA RASHIWALA

HO BEE group could soon get its hands on a fourth site in Sentosa Cove.

According to sources, the company is nearing a deal to buy Paradise Island, next to Coral Island, which it bagged last year. Ho Bee is expected to pay about $65 million or $260 per square foot of land, the sources said. This means the 99-year leasehold site would be about 249,000 sq ft, on which 33 bungalows can be built.

http://business-times.asia1.com.sg/mnt/media/image/launched/2005-08-10/100805_krcove10_pg.gif

BT understands that Paradise Island was offered for sale via an expressions of interest exercise by Sentosa Cove Pte Ltd (SCPL), the master developer of the upscale housing district coming up on Sentosa Island.

The sale was not publicised, and SCPL approached just under 10 developers whom it felt could realise its vision for the enclave. BT understands that Centrepoint Properties, Ho Bee and City Developments, all of whom have previously clinched sites through tenders at Sentosa Cove, were among those invited for the exercise.

When the exercise closed last month, only three parties made submissions, say sources.

Ho Bee's price was the highest - although none of the three met SCPL's reserve price.

SCPL informed the bidders of its reserve price, adding that the highest bidder would be given the first chance to match this price. If the highest bidder declined the offer, SCPL would go down the line.

Ho Bee, being the highest bidder, was given the first right to match the reserve price - which it did. Should SCPL's board give its approval, a deal is expected to be inked shortly.

BT understands that when the expressions of interest exercise closed, the initial top bid from Ho Bee was about 20 per cent below SCPL's reserve.

Analysts do not find this surprising, as Ho Bee probably pegged its bid to the $206 psf that it paid for Coral Island.

The mid-sized developer was the sole bidder for the tender for Coral Island which closed last October. It was awarded the site for $38 million about a month later.

But SCPL probably had in mind the strong bids received for the June auction of individual bungalow lots in the Serapong Hill area of Sentosa Cove overlooking a lake. Five plots were sold at higher-than-expected prices ranging from $382 to $451 psf.

Paradise Island would mark the fourth site that Ho Bee has clinched at Sentosa Cove since SCPL began selling land parcels in late 2003.

It clinched a condo plot (which it is developing into the 200-unit The Berth By The Cove) and a plot for eight terrace homes (The Berthside) in the maiden tender in 2003.

Both have been launched.

On its third site, Coral Island, the group is developing 21 bungalows slated for release next quarter.

The two-storey bungalows will have site areas ranging from 6,000 to 15,000 sq ft.

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

just noticed that most of the bigger land parcels are won by the SCPL board members' companies...

Sept 24, 2005
CENTREPOINT'S THE AZURE
4 units of Sentosa Cove condo sold

FOUR units of yet-to-be launched The Azure, Centrepoint Properties' 99-year leasehold condominium at Sentosa Cove, have been snapped up at a recent staff preview by parties linked to Fraser and Neave (F&N), Centrepoint's parent.

The buyers were three F&N directors and Ms Jessica Lee Ding Waye, who is not an F&N director.

An announcement released yesterday by F&N said that CPL View, a unit of Centrepoint, has granted options to purchase for the sale of four units.

Three of the buyers bought their units at a 1 per cent discount, it said.

They are F&N executive chairman Michael Fam Yue Onn, who bought a unit for about $1.647 million; F&N non-executive director Lee Tih Shih Warren, who bought a unit for about $1.692 million, and Ms Lee, who bought a $4.22 million unit, likely a penthouse.

F&N managing director and deputy chief executive Han Cheng Fong and Mr Han Kuan Yuan jointly bought a $1.605 million unit with the 1 per cent discount, and then another 0.5 per cent off that.

They got that extra discount as buyers who had previously bought units at Centrepoint or F&N projects.

Centrepoint is likely to soon launch The Azure, which is the second condo at Sentosa Cove. It has six storeys and 116 units.

JOYCE TEO
Copyright © 2005 Singapore Press Holdings. All rights reserved.

The Berth - Construction Update (24 Sep 2005)
http://www.theberth.com.sg/

http://img100.imageshack.us/img100/7786/p10207555bm.jpg

Location of The Berth
http://img100.imageshack.us/img100/5364/untitled12kq.jpg

Recent Transactions (From May 05)
http://img100.imageshack.us/img100/8008/untitled13ay.jpg

so fast?! when is the top?

The Berth by the Cove's expected physical TOP 31 DEC 2006

Some interior pics
http://www.theberth.com.sg/images/living.jpg
http://www.theberth.com.sg/images/mroom.jpg
http://www.theberth.com.sg/images/bath.jpg
http://www.theberth.com.sg/images/kitchen.jpg

That is some seriously fast construction!

The last time pics were shown of the site, there was nothing there! :eek:

True. Let us compare...

21 Jan 2005
http://img100.imageshack.us/img100/1112/20050121143324ab2wv.jpg

24 Sep 2005
http://img100.imageshack.us/img100/7786/p10207555bm.jpg

There's nothing so spectacular, seriously ;-)
On the first pic, the foundation must be finished already, or there wouldn't be a crane here. On the second pic, it's what ? 5 storeys tall ? That's 5 storeys in 8 months, no big deal, really :-p

Seems they are building some shophouse-styled buildings nearby... It looks nice :-)

I think they are "bungalows". Some land plots were sold to individuals.

where are the bungalows located?

also...they're going to build a significantly taller condo there at 15 storeys too...with a nice curved design :)

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

More info here (http://www.sentosacove.com.sg/sale2.htm).

Can't be too tall... I remember they wanted to keep the area low-rise.

It looks nice but I wouldn't be too happy to live there if the sea level rise, say, 2 metres in the next 30 years... ^ ^U

So would the IR be highrise hotel?

^^

The IR at Sentosa? I dont think they will build a highrise on Sentosa

Which is why the Sentosa site yield a smaller GFA (2.7 million sq ft) even though the land area(47 hectares) is larger than the Marina site (Marina site yield 5.4 million sq ft)

90% sold, nothing to launch this weekend.


升涛湾共管公寓The Azure卖出九成

--------------------------------------------------------------------------------


　　原本在这个周末正式推出的先得坊产业升涛湾（Sentosa Cove）共管公寓——The Azure，在过去两天预售活动中，卖出将近九成的单位。

　　这相信是今年农历七月“鬼节”过后，销售反应最好的重头项目之一。

　　一些市场人士认为，The Azure的成功例子，可能带动市场的气氛，加强发展商的信心，提早将一些项目推出市场销售。

　　据了解，先得坊产业将The Azure的平均售价订在每平方英尺950元，比去年底推出的泊宁轩高出11％。但是，在昨天和前天的预售活动中却火速清掉大约100个单位。

　　The Azure是一个只有116个单位的中小型共管公寓。据消息人士透露，先得坊产业前天就开始私下邀请一些与公司有商业联系的买家前往参观，并成功卖出大约三分之一的单位。

　　它也是继和美集团的泊宁轩（The Berth）后，另外一个销售报捷的升涛湾濒水共管公寓。

　　升涛湾至今只推出过两个共管公寓项目。去年底推出的泊宁轩，两天内就清掉50个单位，目前的销售率高达90％。

　　这个拥有200个单位的共管公寓最初以每平方英尺850元推出，后来逐渐调高至每平方英尺900元。

　　今年的“鬼节”已经在9月3日结束了，但是许多大项目都被发展商扣着不发，反而是中小项目纷纷进场抢滩。The Azure是过去一个月来，推出单位数目最多项目

hmmm... CDL has yet launched its condo development at the mouth of Sentosa Cove...

圣淘沙最新酒店4月落成
　　依天然环境而建　客房树木“融为一体”

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● 王辉雯

耗资5000万元打造的圣淘沙西乐索海滩中价位酒店——喜乐圣淘沙酒店（Siloso Beach Resort），建造工程进入最后阶段，预料可在4月初迎来第一批客人。

　　喜乐圣淘沙酒店位于西乐索海滩旁，依山坡而建，最大特色是酒店沿着自然地形建造，海滨休闲度假屋的客房和树木“融为一体”。

　　记者到还在施工的酒店工地参观，体会到酒店客房如何与树木“融为一体”。例如，长长的走廊会因为大树挡路而须绕道；一些房门须向内凹，以“退路”给树枝。

　　为保存每棵在原地的树木，整个酒店建筑都依照树木的生长建造。因此，酒店几乎每层楼、每个房间的格局都不一样。

　　一部份房间甚至被切去一个角落，以“让位”给大树。不过，这些房间里有大片落地玻璃窗，让住客与大树共处一室。

　　住在这样的酒店，住客能享受到完全贴近大自然的乐趣。试想想，早晨醒来，人还躺在床上，一眼就看见床边落地玻璃窗外有一只可爱的麻雀站在树枝上，正津津有味地吃着它的鲜果早餐。

　　当住客在酒店的屋顶平台吃早餐时，可以让徐徐的海风和一览无遗的海景来搭配享用早点的愉快心情。

　　喜乐圣淘沙酒店是圣淘沙10年发展计划下最早建成的全新酒店。圣淘沙多年来没有新的酒店开张，喜乐圣淘沙酒店的开业，相信能为圣淘沙注入新的活力。

　　酒店董事黄瑞华受访时说，喜乐圣淘沙酒店将分成两个阶段投入服务：第一阶段工程4月初完工，首批完成的客房有171间，其他大约10间客房也将在今年内完成。

　　黄瑞华也经营罗拨申码头另一家中价位酒店—罗拨申码头酒店。据了解，罗拨申码头酒店平均住客率达到九成以上，住客以中国旅客和欧美旅客为多。由于罗拨申码头酒店业务稳定，业主对喜乐圣淘沙酒店也非常有信心。

　　喜乐圣淘沙酒店市场定位明确，182间普通客房价格具有竞争力，从120元起，而顶楼有露天按摩浴缸的双层客房收费估计为250元。

另有12栋高档度假屋

　　除了普通客房，喜乐圣淘沙酒店也将有12栋独立度假屋。这批度假屋走的是较高端的价格路线。每栋度假屋有一至两个房间，隐秘又奢华，适合蜜月夫妻享受浪漫假期。

　　度假屋将在酒店工程的第二阶段完工，估计每晚收费800元至1000元

　　喜乐圣淘沙酒店市场定位明确，182间普通客房价格具有竞争力，从120元起，而顶楼有露天按摩浴缸的双层客房收费估计为250元。


price sounds reasonable but visitors can see the rooftop jacuzzi from Sky Tower?


另有12栋高档度假屋

　　除了普通客房，喜乐圣淘沙酒店也将有12栋独立度假屋。这批度假屋走的是较高端的价格路线。每栋度假屋有一至两个房间，隐秘又奢华，适合蜜月夫妻享受浪漫假期。

　　度假屋将在酒店工程的第二阶段完工，估计每晚收费800元至1000元

Where is the exact location of these honeymoon bungalows? Hillside? Seaside? Or built above the sea?

21 Jan 2005
http://img100.imageshack.us/img100/1112/20050121143324ab2wv.jpg

24 Sep 2005
http://img100.imageshack.us/img100/7786/p10207555bm.jpg

19 Feb 2006

http://img100.imageshack.us/img100/5602/dscn30359jr.jpg

ick... those look really cheap :(

hmmm... no comments. Let's see if The Azure is better than that. :)

the azure is the one at the corner is it?

yes. :)

Musical fountain will be relocated to the sea @ Palawan Beach...


圣淘沙音乐喷泉将搬到海边

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● 王辉雯

曾坤顺（摄）

　　圣淘沙的音乐喷泉将搬家，从现有的地方搬迁到巴拉旺海滩的海面上，变为海上音乐喷泉！

　　游人看了24年的圣淘沙音乐喷泉，现址很快就将走进历史。这是因为现有的音乐喷泉所在地，将是圣淘沙综合度假胜地的发展地段之一。因此，一旦政府决定了圣淘沙综合度假胜地由哪个投资商发展后，圣淘沙音乐喷泉就必须在跳完它最后一支舞后他迁。

　　最近，圣淘沙休闲集团在巴拉旺海滩圣淘沙捷运系统“沙滩站”附近的海面竖立起木板墙，并在墙板贴上告示牌，声明该处将是新圣淘沙音乐喷泉所在处。另一张告示牌也表明，新的音乐喷泉将为公众带来全新的镭射效果和音响效果。

　　圣淘沙休闲集团选定的新音乐喷泉建造地点是在海面上，将来观众欣赏音乐喷泉，必须从海滩往海面上观看。一边吹着海风，一边观赏音乐喷泉在黑绸缎似的夜空下尽情飞舞。

　　圣淘沙休闲集团不愿意透露新音乐喷泉建造费，也无法透露音乐喷泉将在何时完工。

　　除了音乐喷泉之外，圣淘沙捷运系统的巴拉旺海滩站已经建成。这是捷运系统从地铁东北线港湾城站直达岛上末端的最后一站。

　　巴拉旺海滩站底下有咖啡座、商店。一旁还有多个供大型旅游巴士使用的停车位。

　　据圣淘沙休闲集团早前指出，圣淘沙捷运系统必须等到今年年底才通车。从港湾城站搭乘捷运到海滩站，全程只需6分钟。

I predict that when sea levels begin to rise due to global warming, the values of properties on tops of hills will skyrocket. And those in the photos above..... :-)