The Residences at W Singapore Sentosa Cove (D4, 99 years, CDL)

[mr funny]

http://www.straitstimes.com/Money/Story/STIStory_506744.html

Mar 26, 2010

W brand residences makes S'pore debut

http://www.straitstimes.com/STI/STIMEDIA/image/20100326/c33.jpg
The Residences at W Singapore Sentosa Cove boasts 228 apartments priced from $2,500 to $3,000 per sq ft. -- PHOTO: CDL, STARWOOD

A NEW upscale condominium that is part of the trendy 'W' boutique hotel brand has made its debut in Singapore.

The Residences at W Singapore Sentosa Cove, which boasts 228 apartments, will be priced from $2,500 to $3,000 per sq ft (psf), said City Developments (CDL) at the launch yesterday.

The record in the gated island enclave is held by Seven Palms, where nine units went for $3,100-$3,430 psf late last year. Prior to that, the record was held by Lippo Group's Marina Collection, where units fetched a median price of $2,734 psf in late 2007.

Buyers keen on W will have to pay at least $3.4 million for the smallest unit of the seven, six-storey blocks. There are two- to four-bedroom units and penthouses, all with 99-year leases, with sizes from 1,227 sq ft to 6,297 sq ft. About 40 per cent of these are two-bed and the smaller three-bed.

The development forms part of an integrated project that comprises a 240-room W Singapore Sentosa Cove hotel and 86,000 sq ft of gross commercial space for restaurants and shops. The W residences will open first, followed by the hotel and then the shops, probably by 2012.

CDL, which is releasing 60 units for the current soft launch, was behind the branded St Regis Residences in Cuscaden Road, also a collaboration with Starwood Hotels & Resorts Worldwide. CDL managing director Kwek Leng Joo said that W was targeted at 'global jetsetters'.

The firm's group general manager, Mr Chia Ngiang Hong, said the project will be marketed overseas - in Hong Kong, Shanghai and Jakarta.

There are now nine completed W residences worldwide, eight of which are in the United States. Another 13 are in the process of being developed, said Starwood asia-pacific president Miguel Ko, with four being built in Asia, including the one at Sentosa.

Elsewhere on Sentosa, Ho Bee began the preview for its Seascape condo yesterday, and Lippo is relaunching the Marina Collection today at a price of around $2,500-$2,700 psf.

JOYCE TEO

[august]

Think Seascape is a better buy than W.

[Reporter]

http://www.sph.com.sg/images/logo_st.png
Sentosa Cove condos post strong sales
Gabriel Chen
The Straits Times
Tuesday, 30 March 2010

http://www.straitstimes.com/STI/STIMEDIA/image/20100330/b26.jpg
The Residences at W Singapore Sentosa Cove, which is expected to be completed before year end, will boast 228 apartments. -- Photo: Terence Tan, ST

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 psf and $3,000 psf.

He said 40% of the buyers were foreigners who were drawn by the project's 'unique lifestyle concept', particularly its strategic location in Sentosa Cove. It is located within the only integrated development in Sentosa Cove - the Quayside Isle, which will house trendy cafes, restaurants, speciality shops and entertainment spots.

The condo will boast 228 apartments. It has 2- to 4-bedroom units and penthouses, all with 99-year leases. 2-bedders start from 1,227 sqft, 3-bedders from 1,625 sqft, and 4-bedders from 2,067 sqft.

It is expected to be completed before year end.

Buyers will have to pay at least $3.4 million for the smallest unit of the seven, six-storey blocks.

Also at Sentosa Cove, Ho Bee and IOI said they sold 25 out of 40 units released for the 151-unit Seascape condo over the weekend. The units were sold for an average of $2,700 psf. In terms of absolute price, they were transacted between $5.7 million and $12 million.

The 8-storey development is expected to be completed late this year or early next year. It comprises 3- and 4-bedroom units.

[Property_Owner]

Think Seascape is a better buy than W.

I agree, W nothing to shout about.

[Reporter]

$2,968 psf is surely a good start for The Residences at W Singapore.


Private Residential Units Sold in the Month of March 2010
Project Name ........................................ Locality . Units Sold To Date . Highest $psf . Median $psf . Lowest $psf
The Residences at W Singapore Sentosa Cove CCR ....... 14 ........................ 2,968 ........... 2,816 ........... 2,642

[mr funny]

http://www.businesstimes.com.sg/sub/suite/story/0,4574,381357,00.html?

Published April 15, 2010

Special HLF loan rates for CityDev's Sentosa project


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 doubt looking for good home loan packages,' said HLF president Ian Macdonald. 'Our priority is to cater to their needs with competitive offers and quality service.'

Buyers at The Residences at W Singapore Sentosa Cove will enjoy a home loan interest rate of 0.98 per cent in the first year, 1.58 per cent in the second year, 2.58 per cent in the third year and 3.28 per cent subsequently.

Customers will also be entitled to a one-year a la carte membership offering dining privileges at F&B outlets under the Millennium & Copthorne International group - CDL's hotel unit.

HLF said that competitive rates and efficient services have helped it increase its share of the home loans market. Under its packages, buyers of HDB, private and good-class bungalow properties can choose from variable rates of as low as 1.23 per cent, 1.48 per cent and 1.13 per cent a year respectively, the finance company said.

CDL said on April 5 that it had sold 19 units of The Residences at W Singapore Sentosa Cove at $2,500-3,000 per sq ft. CDL has marketed the project in Singapore and Hong Kong and plans to hold roadshows in Shanghai and Jakarta.

[richardsng_era]

The Residences at W Singapore Sentosa Cove Ready to move-in soon! Call +65-92993342 for open house by appointment. Cobroke agents most welcome! Only for the prestige buyers.

Home Page: http://wresidences-sentosacove.blogspot.com (http://www.rss-property.com/)

[Regulators]

foreigners who buy property in pulau hantu really like hantu, identities unknown and money also unknown where they come from

[richardsng_era]

Actual Suites for viewing! Only by Appointment on Thursday 14 April 2011.

Call or SMS <WOW> to +65-92993342 to register.

Ready for occupation. Exclusive address with a quiet & beautiful view. Enjoy Alfresco Dining & leisure walk along the Quayside Isle. What's exclusive is the ranges of WOW services & facilities you will receive as a prestige owner of Sentosa's most sought after residential development, The Residences at W Singapore Sentosa Cove. Preview by appointment.

For more information, feel free to visit http://forsalebydevelopers.weebly.com/d04-the-residences-at-w-singapore-sentosa-cove.html

Unit Types: 2/3/4 bedrooms, 2 study/3/4/4 study/5 bedroom PH

http://www.weebly.com/uploads/5/2/9/9/5299959/1477896_orig.jpg

[shawnabc77]

Residences @ W created new levels of sensory experience with its capricious flair. It offered direct admittance to a world of “Wow”. One that was never short of surprises. Every W guest escaped to a new world as soon as they arrived. Guess what? The Residences at W Singapore Sentosa Cove is coming and there’ll be a W Hotel right next door. C’mon over for a slice of the action!

Sentosa Cove is a residential (http://www.residencesatw.net/)enclave in the East of Sentosa Island in Singapore, eventually housing about 2,500 units when fully developed. It is being marketed as a "exclusive oceanfront residential community" and the "only true seafront residential property" in Singapore. The master developer of the site is Sentosa Cove Pte Ltd, a subsidiary of Sentosa Development Corporation. The latter purchased the site from the Singapore Land Authority for a sum of about S$800 million. It is a condominium housing development comprising 7 Blocks of 6 storey residential flats with a total 228 units. Each unit comes with an attic, one basement car park & swimming pool where you can swim to your contentment. Practice luxury living in all 3 & 4 bedroom ground floor units. All the units have a private spa pool and all penthouses have either spa pool or private pool.

They have integrated developments with retail, hotel and residential developers. Hotel Services (The Services from hotel are fee-based and may be modified accordingly to availability. Soon as the hotel right next to Residences @W (http://www.newlaunchsingapore.com/district-01-to-08/residences-at-w), these services such as concierge services, welcome ambassador, director of residential services, security guards for 24-hour security, pool attendant, buggy driver and maintenance staff of common areas will be available after the hotel is opened. They have a uniformed staff to maintain the class of the luxurious residence.

Moreover, the Residence @W have a clubhouse drop-off area, towel station, and an outdoor sitting area if you just want to sit down and relax. They also have a pool deck, Jacuzzi, a lily pond for nature-watching and a floating walk. Your kids can also enjoy playing in their safe playground while you are cooking your favorite viands in their BBQ Pit. In their infinity lap pool, they have wet attendants that are friendly and are willing to assist you in your needs. For social viewing, they also offer a sunken lounge. Also offered for the residences are mooring berths.

Sentosa Cove is divided into two main areas, the North Cove, and the South Cove. Each cove comprises both bungalow and condominium residential plots, with most units configured to either face the artificially-created sheltered waterways, or the open sea. Straddling between the two is a planned commercial area, known as the Marina Village, which includes a hotel and a marina.


Best regards,

New Launch Singapore (http://www.newlaunchsingapore.com)

[s4ndid]

W Residences (http://condossingapore.com/wresidences/) a.k.a The Residences at W
Developer : Cityview Place Holdings Pte Ltd (Subsidiary of City Development Limited (CDL))
Address: : 1, 3, 5, 7, 9, 11, 13 Ocean Way
Tenure : 99 years with effect from 31 Oct 2006
Site Area : 250,407sqft
Type of Development : Proposed Condominium Housing Development comprising 7 Blocks of 6 storey Residential Flats [total 228 units] with attic, one basement car park & swimming pool
No of Units : 228
Car Park Lots : 244

Facilities : – Clubhouse Drop-Off Area
- Clubhouse
- Towel Station
- Outdoor Sitting Area
- Pool Deck
- Jacuzzi
- Lily Pond
- Floating walk
- Fire (BBQ Pit) (j) Play Pool (k) WETSM (Infinity Lap Pool) (l) Cabanas (m) Spa Beds (n) Sunken Lounge (o) Mooring Berths (p) W Kids (Children’s Playground) (q) Social & Viewing deck (r) Water Features (s) Guard House

Expected TOP : 30 Oct 2012

Unit Type: : 2RM: 1227 – 1259sf
3RM: 1625 – 1755sf
4RM: 2067 – 2131sf
Penthouses: 2217 – 6297sf

Services – Welcome Ambassador (Doorman)
- 24hr Security
- Concierge Service
- Buggy service (Ferry service between the hotel and the residences)
- WET Attendant (Pool Attendant)
- Director of Residential Services


Developer Sales Team, Singapore Condo (http://www.condossingapore.com)

[richardsng_era]

Heard that prices might increase as the W Hotel nears its completion date...

[thomastansb]

I heard prices might drop as there is little interest in Sentosa now..





Heard that prices might increase as the W Hotel nears its completion date...

[devilplate]

I heard prices might drop as there is little interest in Sentosa now..

projects like oceanfront may drop....still monitoring

[bargain hunter]

simply direct him to the list of desperate rentals in sentosa. LOL. W simply going to join the competition rite? CDL said they would rent some out!


http://forums.condosingapore.com/showthread.php?t=11339&highlight=interesting+rentals

[thomastansb]

At $2 to 3 psf rental, that translate to 1%+ yield ?????? :banghead::banghead::doh::doh::eek::eek:

I am not surprised. Sentosa quite inaccessible. More for home stay if you ask me. Quiet and nice. If I am an expat, I will not rent there. No MRT, no amenities.

Agree with devilplate. How long can those owners leave it empty? Maybe some have holding power but I confirm guarantee plus chop not all have. If rental hit $1+ psf, then show time. Rental really sucks there. They can increase to $5,000 psf but whether anyone buy is another story. The last transaction was 1 year ago. June 2010. $2,800 psf. Even if we use a generous $3 psf, that is 1.28% yield. But with so many units TOP in sentosa and limited tenants, I am not surprised if yield hits < 1%. Scary...

Just my thoughts...

[richardsng_era]

THE RESIDENCES AT W SINGAPORE SENTOSA COVE - Ocean Way, Sentosa Cove | Sales Hotline: +65-61001699 | Singapore Private Residential Apartments, Condominiums, Commercial Retail Space By Cityview Place Holdings Pte Ltd (CDL) | ForSaleByDevelopers.Net

THE RESIDENCES AT W SINGAPORE SENTOSA COVE eBrochure / Floor Plans / Site Plan Available (Latest!)
http://www.forsalebydevelopers.net/d04-the-residences-at-w-singapore-sentosa-cove.html#

http://www.forsalebydevelopers.net/uploads/5/2/9/9/5299959/4539480.jpg



ForSaleByDevelopers.Net - Search Engine Available For Easy Search of Other Property Launches in Singapore.

Come home to a whole new world of WOWs & Prestige, like no other in Sentosa Cove. Enjoy exclusive facilities provided by W Hotel Singapore. Beautiful Waterfront & City View & convenience with Quayside Isle Retail Mall right at your doorstep. WHENEVER! WHATEVER! WOW!

Choice Units of 2/3/4/Penthouse Available.

THE RESIDENCES AT W SINGAPORE SENTOSA COVE Sales Hotline: +65-61001699
Home Page: http://www.forsalebydevelopers.net/d04-the-residences-at-w-singapore-sentosa-cove.html#

[CondoExpert.sg]

W Residences @ Sentosa (District 4)

(Visit www.CondoExpert.sg (http://www.condoexpert.sg/) or call Jonathan @ 8100-8004 for more information!)

http://www.condoexpert.sg/wp-content/uploads/2010/10/w-residences.jpg

Summary

Developer : Cityview Place Holding Pte Ltd
Est. TOP : End 2010 District : 4 (Sentosa)
Est. Quantum Price : From $3+Mil Up
Location : 1 Ocean Way, Sentosa Cove
No. Of Towers : 7
Tenure : 99 Years Leasehold
No. Of Storey : 6
Site Area : 250,407 sqft
No. Of Units : 228
Main Orientation : To Be Released
Units Composition : 2,3,4 Bedrooms and Penthouse
Distance to MRT : Nearest to Harbour Front MRT
Buyers Eligibility : Locals/PRs/Foreigners
Payment Scheme : Normal Progressive
Primary Schools within 1km : Nil

Unit Types and Sizes

(No. of Units - Size (sqft))

2 Bedrooms
42 - 1227 to 1292

3 Bedrooms
86 - 1625 to 2616

4 Bedrooms
66 - 2067 to 2486

Penthouse
34 - 2217 to 6297

Total Units : 228

Facilities

Pool Deck
Jacuzzi
BBQ Area
Play Pool
Lounge

Swimming Pool

http://www.condoexpert.sg/wp-content/uploads/2010/10/w-residences-facilities.jpg

Interior

http://www.condoexpert.sg/wp-content/uploads/2010/10/w-residences-bedroom.jpg

Street Map

http://www.condoexpert.sg/wp-content/uploads/2010/07/wresidences.jpg

Visit www.CondoExpert.sg (http://www.condoexpert.sg/) or call Jonathan @ 8100-8004 for more information on W Residences as well as for other new launch condos!

[New Reporter]

CDL markets unsold units at The Residences at W Sentosa at 40% less than 2010 launch price

Apr 9, 2024

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CITYVIEW Place Holdings, a unit of property developer City Developments Ltd, will be selling 58 units of The Residences at W Singapore Sentosa Cove this month.

A spokesperson from Cityview Place Holdings said that these units were “specially curated” and put up for sale at “an attractive price for a limited period”. Prices start at S$2.1 million for a two-bedroom unit and go up to S$3.5 million for a four-bedder.

This follows an increase in interest and sales activity in Sentosa Cove properties in recent months, said the spokesperson.

Located in District 4 of the prime Core Central Region, the 99-year leasehold luxury development was developed by CDL and sits on around 250,000 sq ft of land. The lease for the site started in 2006, leaving around 80 years remaining. The project houses 228 residential units and was completed in 2011.

Most units at the development were leased between 2011 and 2024, The Business Times understands. Rents typically ranged from S$4.49 to S$6.97 per square foot (psf) per month.

In this round of sales, two-bedroom units sized at 1,227 square feet (sq ft) will start at S$2.1 million or S$1,726 psf. Three-bedders of 1,625 sq ft will cost around S$2.7 million or S$1,648 psf, and four-bedders sized at 2,067 sq ft at S$3.5 million or S$1,687 psf. Some five-bedroom penthouse units will also be on sale.

In comparison, latest caveats data showed that just 20 units were sold since April 2010. Prices ranged between S$3.5 million and S$6.6 million, with the median unit price standing at S$2,810 psf. This was around 40 per cent more than CDL’s current price for the 58 units that will be on sale.

The most recent transaction – a resale – at the luxury development was for a 1,259 sq ft unit at S$2.2 million or S$1,747 psf in September 2023. The seller made a loss of around S$1.5 million from the original price of S$3.7 million or S$2,907 psf in April 2010.

URA Realis figures also indicated that condominium prices on the Southern Islands ranged between S$2.5 million (S$1,511 psf) and S$8.1 million (S$1,665 psf) in the year thus far. The median unit price was S$1,999 psf.

In late March, a 2,691 sq ft unit at the 99-year leasehold luxury development Cape Royale in Sentosa Cove transacted at S$5.4 million or S$2,023 psf.

Home prices in Sentosa Cove therefore remain “attractive”, said Marcus Chu, chief executive officer at ERA, one of the marketing agents for The Residences at W Singapore Sentosa Cove. “(This presents) homebuyers and investors an opportunity to acquire a unit in a coveted luxury oceanfront development at a price comparable to today’s Outside Central Region homes.”

The government’s Sentosa-Brani Master Plan to redevelop the resort island, together with limited future housing options in Sentosa Cove, also means that there is potential for future property value appreciation, added Chu.

The Residences at W Singapore Sentosa Cove is part of CDL’s upscale integrated development Quayside Collection. Besides the residences, the development comprises five-star hotel W Singapore-Sentosa Cove as well as the F&B and retail property Quayside Isle.

In 2014, CDL raised S$1.5 billion through a club deal with US investment giant Blackstone and Malaysia’s CIMB Bank to create a platform for investors to effectively buy the present and future cashflows of the Quayside Collection.

In 2019, CDL acquired full control of W Singapore-Sentosa Cove and Quayside Isle, in the hope of riding on the government’s plans to reshape the resort island of Sentosa.

At the end of 2023, Blackstone sold its interests in the project to US investment firm BlackRock.

Cityview Place Holdings will hold viewings for the 58 units between Apr 10 and Apr 14 by appointment. Sales booking for The Residences at W Singapore Sentosa Cove will start on Apr 15.

https://www.businesstimes.com.sg/property/spotlight-1cdl-markets-unsold-units-residences-w-sentosa-40-less-2010-launch-price