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mr funny
13-10-09, 17:46
http://business.asiaone.com/Business/My%2BMoney/Property/Story/A1Story20091012-173131.html

Tue, Oct 13, 2009

The Straits Times

Seafront homes

By John Lui


Austrian national Helmut Widdek's financial records were put under the microscope by the Singapore Government. Not because he was suspected of a crime, but so that he could buy a plot of land.

Rather than being annoyed at the intrusion, he was pleased by it.

'You have to prove you earned your money legally and I was very happy about the background check,' says Mr Widdek, 67, who recently retired from his job as owner and chairman of Hong Kong-based high-end leather goods manufacturer Emper Industrial.

'Because, what if a Russian mafia guy wants to buy land also?' he says with a laugh, pointing at the houses of his neighbours in what could be Singapore's most contradictory piece of real estate.

To own a piece of this resort-style 99-year leasehold development is to enjoy a set of privileges unparalleled in Singapore. A coffee-table book, titled Sentosa Cove, has been launched, tracing the history of the project and offering a glimpse into the homes and lifestyles of residents.

But with the privileges come unique restrictions.

Mr Widdek and his wife Sonja spoke to Life! while seated in the living room of the home designed to suit their wish for a modern, airy space that can showcase a collection of art and antiques.

They paid $4 million, plus stamp fees, for the 8,500 sq ft plot five years ago, making him one of the first 'gwailos' to buy, he jokes, referring to the Cantonese term for Westerner.

He declined to say how much the building cost. Such homes typically cost upwards of $5 million to build.

Not only were his accounts probed, the couple also have to abide by rules unheard of in the rest of Singapore.

No wall or fence higher than 1m is allowed around the owner's plot, for example. This is to allow for unbroken vistas and to stop owners from storing anything unsightly behind cover. There are several other rules dictating the style of roof, the public display of religious icons and even the look of letter, electrical and water meter boxes.

The scrupulousness is understandable.

Sentosa Cove is a government-driven showcase, designed to be a magnet for sightseeing boats, a means to create a permanent population on the previously visitors-only island, an architectural landmark and lastly, a home for the world's mega-wealthy through its 420 landed homes, and also the very well-heeled through its 1,720 condo units.

The Cove is the only place where foreigners without permanent resident status can buy landed property, though permission is still needed.

About 60 per cent of the buyers are foreigners. The Widdeks, who moved to their Sentosa home in 2007, have become Singapore permanent residents.

Boats moored at their doorstep

Aside from the beachfront units - Singapore's only such homes - owners of waterway-facing homes can navigate along Singapore's only private waterway to moor boats at their doorstep. This is within 15 minutes driving time from the central business district or the Esplanade Concert Hall.

The restrictions were not a problem for the Widdeks. Mrs Widdek, 62, says: 'There is enough security here anyway. We don't want to live behind a wall and barbed wire.'

The Cove's streets are designed to be closed to non-residents without a permit - another first for a landed estate in Singapore - and the coastal waters around it are patrolled by the Police Coast Guard and monitored by surveillance cameras.

Mr Alan Choe was chairman of the Sentosa Development Corporation from 1985 to 2001, and chairman of land sales body Sentosa Cove Pte Ltd from 1995 to 2004. A town planner by profession, he was a strong advocate of the idea of permanent residents on the island. Without residents, the island would stay an enclave dependent on tourism, falling back on government subsidy when visitors were scarce.

The more use is made of infrastructure facilities, such as the roads, the causeway and monorail, the more they can be improved. Residents were vital for the island's economic self-sufficiency, he argued.

But to justify the high cost of land reclamation, the plots had to be sold to private developers at a premium. Hence the idea of a place for waterfront, resort-style living which cannot be found elsewhere in Singapore, he says.

Mr Choe shaped many of the rules that govern life there today.

Some of the rules are meant to encourage flights of creativity in the architects hired by the owners and others are to curb any garish impulses lurking in the super-rich, he says.

'We thought we'd better not allow the owners their own letterbox designs. People can have weird ideas, such as dragons or some such thing,' he says, with a laugh.

Rows of parked cars are today a blight on the streets of Singapore's older landed estates, he says. To prevent the same fate at the Cove, there is a ban on street parking.

The Widdeks, for example, use up only two of the five spots available in their basement garage, so most times, the ban is not felt. For special occasions such as parties, there are 850 public lots at One Degree 15 Marina Club and a free electric golf cart taxi service to ferry residents and their guests to and from the Cove's homes.

The Cove's streets are the only ones in Singapore that allow electric carts. There is also a shuttle bus that takes residents to VivoCity shopping mall.

The ban on street parking is the one rule that the Widdeks wish was less rigidly enforced. They ask for more flexibility in allowing workmen to leave vans and lorries out on the street, for example.

Ms Jennie Chua, the present chairman of Sentosa Cove Pte Ltd, wanted the right kind of people to own the landed homes in order to preserve an atmosphere of exclusivity.

The company enlisted the aid of venerable auction house Christie's in 2006. Sentosa Cove Pte Ltd put up 12 bungalow parcels at Sentosa Cove for auction. The session was attended by high net worth individuals, both locals and foreigners from Hong Kong, India, Indonesia and Malaysia. It was also the first time that a local auction was broadcast live via satellite to countries such as Australia, China and Hong Kong. All 12 parcels were successfully sold, amid competitive bidding, for a total value of $86.34 million, achieving a then-record price of $1,039 psf.

And if one thinks that the success of the land sale was never in doubt, thanks to its one-of-a-kind nature, Ms Chua would like to correct that assumption.

'Nothing moved' between 2003 and 2006, she admits. But the marketing team had the capability to 'ride the momentum of the market' when buyer interest picked up from 2006.

She met many of those wishing to buy bungalow plots, asking about their intentions. They had to be the sort who would live there for much of the year, rather than buyers who treated it as an investment and left the houses empty for much of the time.

'We need people who regard this as their first or second home. It has to be a place where you live, work and play. If you have too many houses left dark at night, there will never be a sense of community,' she says.

For the Widdeks, who have spent 30 years in Asia and feel most comfortable in this region, their home on Sentosa is the place they want to spend most of their time. The couple, who have no children, have turned down several offers to buy the bungalow. They have only one other home, an apartment in Vienna.

Mr Widdek says the Cove's management has asked him to try and keep the lights on at night to create an attractive sight for vessels entering and leaving the Marina and the Singapore Cruise Centre.

He quips: 'The people on the boats have a nice view, but we get no help with the electricity bill.'


Sentosa home to 8,000

Sentosa is shaped like a long, thin wedge. The broad end of the wedge, on the east shore, is where Sentosa Cove is. Out of the total land area of 117ha, about 100ha of land is reclaimed.

* Land sales started in 2003 for North Cove and completed by early 2007. Land sales for South Cove started in 2006 and were completed last year.

* By the year's end, 85 per cent of the projects in North Cove would have obtained their Temporary Occupancy Permit (TOP). The number of residents will increase from 2,300 to 3,000. They will live in 230 landed and 830 condo apartments.

* The rest of North Cove will get their TOP by 2014. Development in South Cove will also be completed the same year.

* The entire Sentosa Cove site will have a total of 2,140 units, comprising 1,720 condominium units and 420 landed units by then. It will be home to about 8,000 residents.

Today, about 60 per cent of the residents are foreigners, hailing from 21 countries.


PRICES

Bungalow land parcels were first sold for $300 per square foot in 2003. By the time the last bungalow parcel was sold last year, prices had risen to $1,820 psf. Plots for landed homes range from 7,000 sq ft to 12,000 sq ft in size.

* As of August this year, condo units were priced at $1,859 psf. Condo units in North Cove range in size from 1,000 sq ft to over 3,000 sq ft.

* This month, the developer of the 41-unit Seven Palms condo began releasing units at $3,300 psf, or $8.5 million per unit and up, making homes in the low-rise beachfront project among the priciest in Singapore. In comparison, units in the choice Newton Road, Cairnhill and Bukit Timah areas were between $1,500 and $2,300 psf when they were released recently.

mr funny
13-10-09, 17:48
http://business.asiaone.com/Business/My%2BMoney/Property/Story/A1Story20091012-173217.html

Tue, Oct 13, 2009

The New Paper

Paradise home, but nowhere to buy groceries

By TAY SHI'AN


EVERY Tuesday and Friday, there's a special delivery of Culina tomatoes, olive oil, orchids and other items for Mrs Kelly Bernard, 44, a resident at Sentosa Cove.

They are sent to her door by Heng Heng Food Suppliers, which offers personal grocery shopping and home-delivery services.

With no supermarkets on Sentosa island, Mrs Bernard, who has lived on the island for two and a half years, depends on them for 80 per cent of her groceries.

She said: 'I had a lot of arguments with Sentosa, which tried to charge them $2 (entrance fee) each time they came in to deliver.

'Now they don't charge.

'If everyone else on Singapore can get food, why not Sentosa people?'

Heng Heng also delivers to 10 other families in Sentosa Cove.

This is one of the quirks of living in Sentosa Cove, marketed as the playground for the wealthy and the 'world's most desirable address'.

Price records at upscale waterfront district were smashed earlier this week when six units at SC Global Developments' Seven Palms condo were said to have been sold at between $3,100 per square foot (psf) and $3,400 psf. This means the three and four-bedroom units were sold at about $9 million to $15m each.

It's easy to see the beauty of the neighbourhood.

All houses come with a view, like the sea or the golf course.Many owners also used award-winning designers, both local and foreign, to create to-die-for homes.

But living there has its unique set of issues.

Those in the know?

The 'pioneers' of the neighbourhood, like the Bernard family, who moved in more than two years ago when the first homes were completed.

Said Mrs Bernard, who lives in a three-storey terrace house: 'My neighbours are very normal people.

'There are some fancy people with Lamborghinis. But I think it's more people who were looking for something a bit different, who had that pioneering spirit.'

She declined to reveal how much the family had paid for their home.

She added: 'There are some inconveniences, which now we've adapted to, for our own place by the sea.'

The grocery problem is one, though many families take the free exclusive shuttles for Sentosa Cove residents to VivoCity.

A key problem for families with young children is the school buses.

Singaporean Richard Lee, 55, a private investor, had intended to move into his $1.8m condo at The Azure with his family after getting the keys late last year.

But his youngest daughter Isabelle, 10, goes to school in Bukit Timah - and the school bus refused to go into Sentosa.

'There is a limited number of residents, so there's no critical mass of students,' he said.

So he had no choice but to keep the family's terrace house on the 'mainland', where they live on weekdays.

Mrs Bernard, who has two daughters, aged 16and 14, had the same problem.

She had to pay $1,000 a month for a taxi driver to take her girls to and from the French School at Ang Mo Kio every weekday, until another set of neighbours with kids in the same school moved in, halving her bill.

It was only six months ago that the school bus was willing to go into Sentosa, when there were enough students.

Mr Lee, who also owns a $1.7m four-bedroom unit in The Berth by the Cove, said he was disappointed at the slow progress made in providing amenities for residents in the six years since he booked the Berth unit in 2003.

Quayside Isle, a commercial site which comes with a hotel, shops and services, is likely to be completed by late 2012.

So Mr Lee and his family end up eating at the same places in Sentosa, like the Sentosa Golf Resort, Capella, and Rasa Sentosa.

He said: 'The places are quite limited. There's VivoCity, but it's so crowded. The point is to get away from the crowds.'

Mrs Bernard said that shops like bakeries or for handyman repairs are missing - so she resorts to making her own bread.

Then there's the construction noise and dust, though that has appeared to have lessened as the years passed.

But both families agreed that the lifestyle was worth the trade-offs.

For Mrs Bernard, a housewife, the magic happens every Friday, when the construction workers leave, the husbands return from work - and the weekend begins.

She said: 'There's a really nice ambience, like you're on holiday.'

The Australian,who is married to a Frenchman, loves that her children are able to interact with kids of several nationalities in the neighbourhood, including Singaporeans.

Her neighbour Mrs Jackie Smit, 38, a housewife and South African, loves going for walks along the waterway.

Mrs Bernard's home also has its own berth leading to the waterway. Because the family doesn't own a boat, they put a picnic table there, where friends can come over and have a drink while watching the sunset.

Then there's the ONE°15 Marina Club at Sentosa Cove, where Mrs Bernard's husband Mr Christophe Bernard, 48, who runs a wine and spirits shipping business, goes to five times a week, toswimand play tennis.

Sentosa Cove said that about 70 per cent of its residents are members of ONE°15 Marina Club, Sentosa Golf Club or both.

Mrs Smit said she goes sailing with friends about once a month, to neighbouring islands like St John's.

Mr Lee said he was also impressed by the neighbours' friendliness - even though many of them are high networth and immensely private individuals.

He said: 'I'm very happy with my apartment. There's nowhere else in Singapore you can find the sea so close to your doorstep.'


More amenities to be ready next year

WHEN completed, Sentosa Cove will have 400 landed homes, and 1,740 condo units. The proportion of buyers has been 60 per cent foreigners, 40 per cent locals.

The neighbourhood is divided into two parts - North Cove and South Cove.

A Sentosa Cove spokesman said that the North Cove will be 85 per cent complete by year end.

The South Cove still has some way to go.

The spokesman said to meet residents' needs, additional amenities such as laundromat and retail services will be ready by early next year.

It has a slew of privilege programmes where residents can enjoy discounts on Sentosa Island and other parts of Singapore.

It also organises exclusive community events, for example, the upcoming Inaugural Cove Festival on 24 Oct for residents.

mr funny
13-10-09, 17:49
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focus
13-10-09, 18:56
To own a Landed in Sentosa is truly the lifestyle of the rich in singapore..

august
13-10-09, 19:24
inconvenience is small price to pay for exclusivity ~

xebay11
13-10-09, 21:38
inconvenience is small price to pay for exclusivity ~

The houses got no privacy as they cannot have traditional fence. Anyone can walk up to your living room.

jlrx
12-11-09, 00:06
Straits Times

Nov 11, 2009

Luxury island living

'IT FEELS like paradise,' cracked six-year-old Enrique da Roza on the design of his Sentosa Cove residence.

Safely tucked away on Sentosa island, the da Rozas have been living life like a holiday for two years, after leaving Hong Kong for our little red dot.

Boasting an oceanfront view, and with the sea trailing into their backyard, life at 'the world's most desirable address' is like 'a dream come true', claims lawyer Andrew da Roza.

This is especially with the chance to be close to Singapore's city centre, but yet escape the hustle and bustle of the commercial rush.

Tag along with RazorTV as we take a peek into life on the island.

http://i305.photobucket.com/albums/nn211/jlrx_bucket/SentosaIslandLiving1-1.jpg

Andrew da Roza: The pollution that came in from China, from the factories in Shenzhen, and Dongguang, and the Government in Hong Kong really didn’t have a handle on how to control the pollution. So coming to Singapore is just fabulous. The air’s clean …

http://i305.photobucket.com/albums/nn211/jlrx_bucket/SentosaIslandLiving2.jpg

Enrique da Roza: We have a very good view here ... The breeze is very nice ... and it's really very nice at Sentosa Cove ...

http://i305.photobucket.com/albums/nn211/jlrx_bucket/SentosaIslandLiving3.jpg

There are formal gatherings as in ... the Sentosa Management organised ... and ... also an informal one where all the ladies get together ... I don't think there is any particular segregation ... we don't even check whether they live in a condo or house ...

http://i305.photobucket.com/albums/nn211/jlrx_bucket/SentosaIslandLiving6.jpg

Halloween in England ... you don't really go out ... there're like lots of robbers there ... so it's not that fun ...

focus
12-11-09, 07:20
Quote from the lady - "I don't think there is any particular segregation ... we don't even check whether they live in a condo or house ..."

How ironic.. haha.. the very thought by her that seems to implicitly suggest that condo residents are not the same as house residents already suggest there is some form of social segregation but for political correctness, social gatherings encouraged all but cliches do form.

xebay11
12-11-09, 08:47
Why does the father look like Mafia boss? both husband and wife very rude to conduct interview in sunglasses, looks like have dirty money and must hide face.....the screening mentioned to ensure good character is probably based on skin color only.

focus
12-11-09, 11:59
Why does the father look like Mafia boss? both husband and wife very rude to conduct interview in sunglasses, looks like have dirty money and must hide face.....the screening mentioned to ensure good character is probably based on skin color only.
Aiyah.. white is gold standard everywhere around the world, not just singapore. Even in China nowadays, if you bring entourage to visit a factory and you got angmoh partners, the host will look you up up.