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Thread: The Azure at Sentosa Cove

  1. #1
    Join Date
    Jun 2008

    Default The Azure at Sentosa Cove

    The Development
    Located in District 4 on Ocean Drive, at the very tip of the exclusive Sentosa Cove development. True waterfront living awaits you.

    Only a few will own and enjoy The Azure, a one of a kind condominium consisting of 116 apartments in one five-storey block with a special water feature distinguishing the entrance.
    The property is developed by Centrepoint Homes. It is an assured investment that grows more valuable by the day.

    The Apartment
    Conveniently located at the centre of the building with direct access to the swimming pool.

    Unobstructed 180 degree view of the South China Sea.

  2. #2
    Realtor Guest

    Default 2 and 3 Bedroom Units for sale

    2BR 1313 sq ft Stack 21 (faces pool) Subject to offer
    3 BR 1744 sq ft Stack 12 (high floor) Subject to offer

    TOP soon! Potential rental return at 4%p.a.

    Interested parties please call/sms 92789799

  3. #3
    Join Date
    Nov 2008

    Default THE AZURE

    Project Name-THE AZURE
    Developer-FCL View Pte Ltd(Frasers Centrepoint Homes)
    Property Type-Condominium
    Tenure - 103 Yrs Fr 16/10/2003
    Total Units - 116
    Completion Date - Est 31 Dec 2008
    District - 4

    >>> click here for more floor plans >>>>

    >>> click here for more info >>>

  4. #4
    Reporter's Avatar
    Reporter is offline F01 N54 Sheer Driving Pleasure
    Join Date
    Apr 2008


    Done Deals
    Paradise Island prices back to 2007 peak
    The Edge
    Monday, 7 Dec 2009

    Interest in waterfront homes at Sentosa Cove seems to have returned in recent months, as the opening of Resorts World at Sentosa looms. Since the beginning of November, a total of 6 properties — 3 luxury condominiums and 3 landed homes — have changed hands in the resale market at $1,406 to $2,423 psf.

    In the week of Nov 6 to 13, one of the 29 villas on Ho Bee Group’s Paradise Island — a double-storey unit on 8,105 sqft of land — was sold for $11.4 million, or $1,406 psf. The villas were completed in May and Ho Bee sold the last one for $22 million in August. Each villa has a private berth and all rooms have views of the waterways. The owner had purchased the villa in April 2007 for $9.18 million, or $1,133, hence reaping a 24% capital gain. In early November, a 7,029 sqft villa sold for $10.8 million, or $1,536 psf. The owner had lso purchased it at launch for $7.1 million ($1,010 psf) in April 2007 and saw the price appreciate 52% in the past 2˝ years.

    When the villas at Paradise Island were launched, prices ranged from $1,047 to $1,208 psf, according to the URA Realis database of caveats. Since then, prices have climbed, reaching $1,500 psf two months ago, a level last seen in October 2007.

    Meanwhile, a terraced house in the 99-year leasehold Ocean 8 enclave developed by IJM Properties Sdn Bhd, a unit of the Malaysian conglomerate IJM Corp Bhd, was sold for $6.4 million, or $2,423 psf, in a caveat dated Nov 13. The 2,637 sq ft house had changed hands twice before. The original owner purchased the property in October 2006 for $2.92 million ($1,109 psf), and flipped it in January 2007 for $3.5 million ($1,326 psf), enjoying an 20% gain.

    The $2,423 psf is the highest psf price achieved at Ocean 8 to date. The last time a unit in the stretch of eight terraced homes changed hands above $2,000 psf was in May last year, when two units were sold for $5.5 million each — a 2,626 sq ft unit went for $2,097 psf, while a 2,691 sq ft unit was sold for $2,046 psf.

    The Azure

    Just up the street along Ocean Drive is the 116- unit The Azure, a 99-year leasehold waterfront condo development by Frasers Centrepoint and completed last year. The property was launched in September 2005 at around $900 psf.

    According to a Nov 10 caveat, a 1,701 sq ft apartment on the 3rd floor was sold for $2.9 million, or $1,705 psf. This is the second time this year the unit has changed hands. It was last sold in June for $2.43 million ($1,429). The original owner purchased the property in October 2005 for $1.77 million ($1,043 psf).

    At the end of Ocean Drive is the 264-unit The Oceanfront @ Sentosa Cove, which is being developed jointly by TID Pte Ltd and City Developments Ltd and expected to be completed in 1Q2010. A 2-bedroom apartment on the 8th floor has changed hands 3 times since it was purchased in August 2006. The 1,711 sq ft unit was most recently sold for $3.1 million, or $1,811 psf. The seller appears to have made a quick flip as, according to URA Realis, the previous transaction was just this September for $3 million, or $1,753 psf. The initial owner purchased the unit at launch in 2006 for $2.28 million ($1,337 psf) and sold it in April 2007 for $3.25 million ($1,899 psf), a 42% price gain.

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