$13.6 million sale price is well below estimated valuation of $17 million A LUXURY bungalow in Sentosa Cove with a grim past has been sold for $13.6 million - a bargain price, well below its valuation. A caveat has just been lodged for the sale of the three-storey bungalow in Ocean Drive where Chinese national Li Hong Yan's naked body was found floating in a pool in March. The 8,051 sq ft property was...
Sentosa Property
Exclusivity is a major attraction I was asked recently for my comments on pricey homes in Singapore and my thoughts on Sentosa homes compared to those on the mainland. When I tried to explain why they are strictly not comparable, I ran into difficulties. I then realised many of us have read about Sentosa Cove. But how many of us have been there and seen these homes for ourselves? Not many, I...
Despite the gristly events that occurred at this Sentosa Cove bungalow, some 20 people attended its open house last weekend. The Straits Times reported that the house where 24-year-old Chinese national Li Hong Yan was found dead floating in its pool is being put up for sale or rental. A small A4-sized advertisement was placed on one of the front windows of the house by an agent from HSR. The asking...
house in his neighbourhood was sold for $36 million and sales in the quiet and exclusive Sentosa Cove continue unabated, but shipping magnate Mahesh Iyer has no intentions of selling the bungalow he bought for just $6.8 million three years ago. "Even if I sold it, where will I find another place like this?" he said. Indeed, how many homes in Singapore have a yacht docked along a watercourse running in...
Top-end home sells defines gravity in a cautious property market AMID the caution that has crept into the market for mainstream condos since last month, a record price has been set for a top-end bungalow on Sentosa Cove. The property at Paradise Island changed hands in the resale market for $36 million or $2,403 per square foot on land area last month. In terms of both, the absolute amount and unit land...
Only one subsale so far this year has resulted in a loss - of $167,000 Increases in property prices on Sentosa Cove, especially since the start of this year, have buoyed gains from subsale deals in the location. The average gain per unit from subsales of condos in the upscale waterfront housing district from January to April this year has almost doubled to about $1.4 million from about $762,000 in Q1...
HONG Leong Finance (HLF) is offering buyers of The Residences at W Singapore Sentosa Cove an exclusive financing package, with rates from 0.98 per cent a year. The 228-unit luxury project is being developed by City Developments Ltd (CDL), another Hong Leong Group unit. HLF said that its home loan offerings feature some of the best interest rates in town. 'With an active property market, customers are no...
ABOUT a quarter of the 56 units released for The Residences at W Singapore Sentosa Cove were sold over the weekend for prices starting at $3.4 million. This upscale condominium, which is part of the trendy 'W' boutique hotel brand, is being built by City Developments. Its spokesman said the price achieved during the exclusive by-invitation-only preview was in line with its launch price of between $2,500...
The Quayside Collection consist of a seven-storey, 320-room marina hotel, a three-storey waterfront commercial site and two six-storey condominium development adjacent to the marina hotel. The retail and commercial development includes a wide range of lifestyle shops such as art galleries, bookstores, music and CD shops, handicraft stores, home-ware shops, fashion boutiques, jewellery stores amongst...
With the opening of Genting Singapore’s Resorts World at Sentosa integrated resort, there has been a flurry of transactions at Caribbean at Keppel Bay and also the upmarket condominium projects in Sentosa Cove. In the week of Jan 15 to 22 alone, there was a total of nine new sales and resales. The condominium that saw the most resale activity was the 969-unit Caribbean at Keppel Bay developed by Keppel...