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Monthly Archives: July 2009

Resorts World at Sentosa to stage first event in December

Posted on 15 Jul 2009 | Comments Off

The integrated resort at Sentosa is expected to open early next year, but it is already planning to stage its first event ahead of the soft launch.

Resorts World at Sentosa has teamed up with children’s charity ChildAid to host its fifth concert at the Festive Grand Theatre in December.

Organisers have yet to confirm the budget for the three-day event, but the IR has already pledged to donate some S$153,000 in kind. ChildAid hopes others will come forward to help it beat last year’s record of S$506,000 raised.

Peter Khoo, organising chairman, ChildAid, said: “There’s definitely a fear that sponsors aren’t forthcoming, but our duty is to try.”

The theatre, which seats up to 1,600 people, will also house the resort’s resident show, Voyage de la Vie. Resorts World said it would be a rock-circus extravaganza, featuring awarding-winning circus acts from around the world.

Andrea Teo, vice president of entertainment, Resorts World at Sentosa, said: “They’re sort of telling the story of a journey of a boy through life. A discovery of himself… portrayed through circus acts.”

As for whether the theatre will be completed on time, Resorts World said construction efforts are on the fast track, with some 6,500 workers currently working on site. The IR added that it could increase that number to 8,000 or 9,000 workers within the next two months.

Source : Channel NewsAsia – 14 Jul 2009

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Posted in Property Market / Real Estate, Sentosa Property

Tagged Sentosa Property

Strong Demand at Two Weekend Condo Previews

Posted on 14 Jul 2009 | Comments Off

DEMAND for new private property developments remains strong, judging by the interest generated at two previews held over the weekend.

At high-end condominium Ascentia Sky’s preview for selected clientele, over 90 per cent of the 80 units released were snapped up for as much as $1,250 per sq ft (psf), according to developer Wing Tai’s spokesman.

‘We received strong public demand at the launch,’ said the spokesman, citing the prime location in the Alexandra-Tanglin area as a key selling point.

A public preview is set to be held this weekend before the official launch, which is likely to take place over the following weeks.

The high-rise development has 373 units comprising two- to four-bedroom units, two five-bedroom penthouses and three super penthouses.

Mass-market-priced freehold condominium The Gale, located at Flora Road, was already 65 per cent taken up after its preview that began last Friday. Units were sold at an average price of between $650 and $700 psf.

Hong Leong Holdings had originally planned to release 80 units at the preview, out of a total of 329, but ended up opening 135 more units to interested buyers.

It had employed a novel marketing strategy by setting up a Facebook page featuring information about the property and the preview dates.

The official launch will be held on Saturday, where units including one-bedroom and two-plus-one types – the largest being four-bedroom apartments with a roof terrace – can be viewed.

Buyers have the option to join the Interest Absorption Scheme, meaning they have to pay only 20 per cent of the price of the unit upfront and the remainder upon the condominium’s completion.

The Gale is the latest project from Tripartite Developers’ Upper Changi properties. Tripartite Developers is a joint venture involving Hong Leong Holdings, City Developments, and Trade and Industrial Development.

Source : Straits Times – 14 Jul 2009