Cape Royale The epitome of luxurious living, Cape Royale is nestled within the prestigious Sentosa Cove, enjoying a premier location at the entrance of the marina. This iconic condominium offers 302 luxuriously appointed units. Residents can look forward to enjoying a unique integrated marina lifestyle against the background of a tropical environment that’s in itself a rare treat....
Sentosa Cove is an upscale residential enclave in Singapore that is situated on an island south of the city. Sentosa Cove is the definition of waterfront living because of its distinct setting, high quality lifestyle, and exclusive address. Sentosa Cove, which combines residential, commercial, and marina amenities, provides its residents with a distinctive waterfront resort style living. From the...
CITY Developments Limited (CDL) acquired the remaining 62.5 per cent stake from the investors of Profit Participation Securities (PPS) 1 structure for S$393 million, giving it full control of W Singapore-Sentosa Cove and Quayside Isle as it seeks to ride on the government's plans to reshape Sentosa. At an earnings briefing on Thursday morning, group chief executive officer Sherman Kwek said that the...
Property developers City Developments Ltd (CDL) and Ho Bee Land typically aim to sell off all units in their residential property developments, but in the waterfront housing district of Sentosa Cove, they have been leasing out some units in their respective projects in recent years. This is not by choice, but due to the tough condo sales market in the locale. Transactions have been relatively few at...
As prices of Sentosa Cove properties drop to a record low, a condominium unit at a development called Seascape on the resort island was recently sold at a 50 per cent loss. The 2,336 sq ft three-bedroom unit was sold for S$3.1 million on May 23, which is S$3.2 million below its original purchase price of S$6.27 million in 2010, based on information from the Urban Redevelopment Authority’s transaction...
Sentosa Cove, a residential enclave nestled on an island off the coast of Singapore, is quiet at the best of times. On a weekday, its frangipani-lined streets are mostly devoid of life, save the odd domestic helper taking her four-legged charge out for a walk. The stillness, however, belies the real estate shuffling taking place behind the scenes. Property listings here have been rising. But unless...
THERE has been an improvement in bungalow deals in Sentosa Cove lately, after a slow start this year. A bulk sale for the remaining 10 bungalows on Pearl Island, one of the five man-made islands in the waterfront housing district, has been entered into. The transaction, via a sale of shares in the company that developed the 19-villa project, values the balance 10 bungalows at S$120-130 million, which...
AN apartment on the third level of the plush Seven Palms Sentosa Cove has been sold by the developer for S$15.782 million - which works out to S$3,721 per square foot based on the strata area of 4,241 sq ft. The unit is on the third floor in the block next to Tanjong Beach. The buyer, a Singapore citizen, is understood to be in the telecom infrastructure business. The four-storey condo, comprising three...
CITY Developments Limited (CDL) has come up with a novel way of monetising its Sentosa Cove assets in a soft property market, even as it anticipates more overseas acquisitions over the next few years. The Singapore-based developer cobbled together a club deal with US investment giant Blackstone and Malaysia's CIMB Bank, which along with senior bank loans, amount to S$1.5 billion. Through a complex...
United States investment giant Blackstone and Malaysia's CIMB Bank will invest in three Sentosa Cove properties owned by City Developments (CDL), including the W Singapore hotel, in a complex transaction valued at S$1.5 billion. The investment in the Quayside Collection – comprising the W hotel, the Quayside Isle retail complex and the Residences at W Singapore – will be via an investment instrument...
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