From the Baywater Collection.
1,916 sq ft - 4,306 sq ft.
The only Sentosa condo that commands FULL SEA VIEW.
Will update with pics soon.
Printable View
From the Baywater Collection.
1,916 sq ft - 4,306 sq ft.
The only Sentosa condo that commands FULL SEA VIEW.
Will update with pics soon.
Hmmm, I thought Oceanfront@Sentosa Cove was the only one with the full sea view?
Singapore
Published October 10, 2006
90 Sentosa condos sold at average $1,500 psf
By KALPANA RASHIWALA
HO Bee Group has sold about 90 units at The Coast condo at Sentosa Cove since Friday at an average price of $1,500 per square foot - and plans to raise prices gradually.
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The Coast: Ho Bee officials expect prices of condos at Sentosa Cove to hit $2,000 psf in the next 12 to 18 months
The average price achieved so far for the 249-unit, 99-year leasehold condo is almost double the $785 psf at which Ho Bee launched its first condo at Sentosa Cove about two years ago. And Ho Bee officials expect prices of condos at Sentosa Cove to hit $2,000 psf in the next 12 to 18 months.
'As the precinct gets developed over time, people will appreciate the concept of waterfront living in a gated community,' Ho Bee chairman and chief executive Chua Thian Poh said in an interview yesterday.
Ho Bee executive director Ong Chong Hua added: 'The integrated resort/casino will provide the X factor for Sentosa Cove. We're very bullish.'
Noting that prices of 99-year leasehold bungalow lots at Sentosa Cove have surpassed those of freehold land in prime districts on mainland Singapore, Mr Ong predicts that the same trend will manifest itself over time for condo values in the upscale waterfront housing district.
'There's scarcity value at Sentosa Cove', which will have about 2,500 homes when development is completed in about four years. Ho Bee is understood to be holding back further sales at the condo until later this week.
Of the 90 units sold at The Coast so far, 45 per cent were bought by foreigners and permanent residents, including Indonesians, Hongkongers, Europeans and Americans.
The project is being marketed by CB Richard Ellis and DTZ Debenham Tie Leung.
All units at the development - one block of which is six storeys high and the rest eight storeys - boast seafront and waterway views. Prices range from around $3 million for a three-bedder to $6.4 million for a penthouse.
Analysts estimate Ho Bee's breakeven cost could be around $930-$950 psf, which translates to a pre-tax profit of around $300 million for its 90 per cent share in the joint venture company that is developing The Coast. The other 10 per cent is held by Engro Corporation.
For the six months ended June this year, mainboard-listed Ho Bee Investment reported a group net profit of $37.5 million - close to the $38 million achieved for the whole of last year.
Ho Bee officials did not comment on profits from developing The Coast yesterday, but said proceeds from sales will help lower the group's gearing ratio to 0.5 to 0.6 by year-end from 0.9 as at June 30.
The reduction in gearing will be supported by cashflow from The Berth by The Cove condo - Ho Bee's maiden project on Sentosa Cove - when it receives its Temporary Occupation Permit this month, signalling the collection of a substantial portion of sales proceeds from buyers, said Ho Bee executive director Desmond Woon.
Besides the two condos at Sentosa Cove, Ho Bee is developing an eight-unit terrace house project called The Berthside (fully sold) and a total of 50 bungalows on two man-made islands.
The group has sold 20 of 21 bungalows on Coral Island and expects to launch Paradise Island, with 29 bungalows, towards the year-end or early next year.
On the mainland, Ho Bee expects to release a 60-unit freehold condo in Orange Grove Road around December.
The group is on the lookout for more sites in Singapore and is eyeing new overseas markets - India, possibly second-tier cities such as Hyderabad and Pune, and Vietnam. Ho Bee has effective stakes of nearly 10 per cent in two Shanghai projects.
Got tsunami how?
Study some geography and you will discover there is zero chance of Tsunami hitting these shores.Quote:
Originally Posted by Unregistered
i think coast is a good buy now with duchess transacting above 2k psf. how much is coast going for now? anybody wanna sell below 2k?
Global warming and Singapore coastal lines recede how?Quote:
Originally Posted by Unregistered
Study some history and you will discover 5 of the 7 ancient wonders of the world were believed to be destroed by earthquake. One is still standing (in Egypt) and the other believed to be destroyed by arson. I believe Tsunami will hit the Cove because it is very exposed to the elements. But it's my belief only.Quote:
Originally Posted by Unregistered
Very nice condo. Really at sea-edge. Not sure if got tsunami (which is caused by earthquake). It will be a pity because it's quit a nice condo. Can buy insurance or not.Quote:
Originally Posted by Unregistered
Quote:
Originally Posted by Unregistered
No lah, The tear faults that are likely to cause Tsunami is on the West of Sumatera and South of java. We are covered by these two big Islands. So no tsunami here in Singapore.
Water in northern part of Java all the way to Singapore is only 50 m deepest. So no concern regarding Tsunami.
Water in western Sumatra and southern Java are 1000-3000m deep and full of underwater volcanoes. Thats the place of concern.
Any seafront property like The Coast is rare in Singapore and is worth every cent. Seafront properties hold a special premium in every great city. Sentosa Cove is special as it also has the IR as the backdrop and it may become the "Peak" (in HK) of Singapore where the richest residents live on. Other seafronts projects will be ECP and Pasir Ris beach. Marina Bay is not seafront but bayfront. The condos are not exactly by the sea. But bayfront also commands a huge premium. Another potential seafront areas in Singapore could be Upper East Coast and Changi Beach.
I agree Sentosa Cove is exclusive.
Only high end condos and bungalows there. And sharing the island with a casino, luxurious marina and the most high end hotel in Singapore, Capella.To top it off it has terrific branding and foreigners would know of it.
But being seafront does not automatically make a location prestigious.Pasir Ris is still one of the cheapest areas. So is the beach by Sembawang.Meyer is probably the best of "seafront" locations altho it is still not considered prime.Other parts of East coast are more like highway front than seafront. Below 8th floor you can only see highway. Condos beside highways, shopping centres and HDBs will never be prime. Pasir panjang was once beachfront too but now it is staring at the giant West Coast flyover front and port front.
Quote:
Originally Posted by Unregistered
HOW ABOUT SEMBAWANG?? It is a seafront also. Why nobody want to build condo over there????
Take it easy pal. The seafront living concept is only just starting to catch on with Singapore's imagination. Even the NDP wants to hold it on waters. The truely seafront properties like Sentosa Cove, Pasir Ris, certain parts of East Coast Park and even Sembawang have a good chance of being the super prime water sites in Singapore. It's the "Water Collection".Quote:
Originally Posted by Unregistered
Bluwaters 2 (dubbed the Condo by the sea) launching now for a 3 bedroom at about $1 million and selling well. It's really a bargain for such a seafront condo.Quote:
Originally Posted by beach lover
Bluwaters 2 and some other condos by Pasir Ris beach is a good buy for those who love the sea but can't afford Sentosa Cove.Quote:
Originally Posted by Unregistered
Ya unless you buy the penthouse you see only trees.No water for Bluwater.Anyway it has been reserved or sold.
Sea view is good, but the point is seafront condos - can walk to the beach (within 10 minutes walk). On this, Sentosa Cove is sea-grade aaa. Pasir Ris (Jln Loyang Besar) is sea-grade aa+. The very good condos by ECP is sea-grade aa-. Most there will be sea-grade bb+. Sembawang got potential also. But must wait for the right time. Too early to call.Quote:
Originally Posted by DRSG
Yo, agree totally man. Many foreigners now are from europe, america, australia, NZ the pacific etc, and they are different from city lovers like HK and Indonesia. They look for seafront living. Like you say - the Water Collection.Quote:
Originally Posted by Unregistered
Water Collection for Water People. Hmmm, this water forum is very interesting. My bets for the Water Collection in no order or merit:Quote:
Originally Posted by Unregistered
- Sentosa Cove.
- Marina Bay.
- Tg Rhu.
- Pasir Ris (Jalan Loyang Besar (JLB) and Elias).
- East Coast Park.
PH at Bluwaters more than 2 million lar. Can't afford.Quote:
Originally Posted by DRSG
I doubt foregners wld buy Pasir Ris and Sembawang despite the seafrontage. When those locations start to move, you know it's near the market peak ;)
Lots of foreigners living in Pasir Ris already. It's a good place for those working in the east or even central, like tampines, changi airport, east coast, parkway parade etc.Quote:
Originally Posted by Unregistered
Japan coast hit by earthquake. Many houses toppled. Earthquake created tsunami. Not sure if it will hit Sentosa Cove. The condo there all look very vulnerable. They are the frontline against any possible tsunami. It can happen, due to global warming, climate change, plates movement and ocean changes. I presonally think it's going to hit.
Project Name-THE COAST AT SENTOSA COVE
Developer-Ho Bee Cove Pte Ltd(Ho Bee Group)
Property Type-Condominium
Tenure - 99 Yrs From 18/03/2004
Total Units - 249
Completion Date - Est 30 Jun 2010
District - 4
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hey,see the 720 degree virtual tour on the coast construction site from:
http://www.virtualhomes.sg/thecoastatsentosacove
:)
some units are now going for 1300psf. Lower than the azure.
http://www.propertyguru.com.sg/listi...t-sentosa-cove
http://www.propertyguru.com.sg/listi...t-sentosa-cove
i prefer this project to azure, wonder if will hit 1k psf... :o
Heard it's going to TOP soon right?
was it launched at 1800 psf ?Quote:
Originally Posted by Property_Owner