The Residences at W Singapore Sentosa Cove (D4, 99 years, CDL)
http://www.straitstimes.com/Money/St...ry_506744.html
Mar 26, 2010
W brand residences makes S'pore debut
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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
Special HLF loan rates for CityDev's Sentosa project
http://www.businesstimes.com.sg/sub/...81357,00.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.
The Residences at W Singapore Sentosa Cove
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
The Residences at W Singapore Sentosa Cove - Preview By Appointment 14 April 2011
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.co...tosa-cove.html
Unit Types: 2/3/4 bedrooms, 2 study/3/4/4 study/5 bedroom PH
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Residences @ W Sentosa Cove
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 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, 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
W RESIDENCES SINGAPORE SENTOSA COVE | ForSaleByDevelopers.Net
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!)
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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/d...tosa-cove.html#
W Residences @ Sentosa (District 4, 99 Years Leasehold)
W Residences @ Sentosa (District 4)
(Visit www.CondoExpert.sg or call Jonathan @ 8100-8004 for more information!)
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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
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Interior
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Street Map
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Visit www.CondoExpert.sg or call Jonathan @ 8100-8004 for more information on W Residences as well as for other new launch condos!
Re: W Residences @ Sentosa (District 4, 99 Years Leasehold)
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/pro...0-launch-price
Re: The Residences at W Singapore Sentosa Cove (D4, 99 years, CDL)
CDL unit sells 65 units of The Residences at W Sentosa after slashing prices
Apr 16, 2024
CITYVIEW Place Holdings, an associate company of City Developments Limited (CDL) : C09 -0.18%, sold 65 units at The Residences at W Sentosa Cove Singapore in a week, more than the 58 units put on the market on Apr 9.
Additional units had been put up for sale to “cater to the strong demand”, which saw around 3,200 visitors from Apr 10 to 14, a Cityview spokesperson said.
The 65 units fetched an average selling price of S$1,780 per square foot (psf), with Singapore citizens and permanent residents making up 94 per cent of the buyers. The remaining units were bought by foreigners hailing from China, France and the US.
Located in District 4 of the prime Core Central Region, the 228-unit, 99-year upscale condo was completed in 2011. It is part of CDL’s Quayside Collection integrated development, which also includes five-star hotel W Singapore Sentosa Cove, as well as the F&B and retail property Quayside Isle.
Prior to the latest sales exercise, caveats data revealed that only 20 units had been sold since April 2010, at a median unit price of S$2,810 psf.
“All unit types were well-received, with the two-bedroom and three-bedroom units being the most popular,” the spokesperson said. “Discerning homebuyers also snapped up the rare duplex penthouses.”
https://www.businesstimes.com.sg/pro...lashing-prices
