Sentosa is shaped like a long, thin wedge. The broad end of the wedge, on the east shore, is where Sentosa Cove is. Out of the total land area of 117ha, about 100ha of land is reclaimed.
- Land sales started in 2003 for North Cove and completed by early 2007. Land sales for South Cove started in 2006 and were completed last year.
- By the year’s end, 85 per cent of the projects in North Cove would have obtained their Temporary Occupancy Permit (TOP). The number of residents will increase from 2,300 to 3,000. They will live in 230 landed and 830 condo apartments.
- The rest of North Cove will get their TOP by 2014. Development in South Cove will also be completed the same year.
- The entire Sentosa Cove site will have a total of 2,140 units, comprising 1,720 condominium units and 420 landed units by then. It will be home to about 8,000 residents. Today, about 60 per cent of the residents are foreigners, hailing from 21 countries.
Prices
- Bungalow land parcels were first sold for $300 per square foot in 2003. By the time the last bungalow parcel was sold last year, prices had risen to $1,820 psf. Plots for landed homes range from 7,000 sq ft to 12,000 sq ft in size.
- As of August this year, condo units were priced at $1,859 psf. Condo units in North Cove range in size from 1,000 sq ft to over 3,000 sq ft.
- This month, the developer of the 41-unit Seven Palms condo began releasing units at $3,300 psf, or $8.5 million per unit and up, making homes in the low-rise beachfront project among the priciest in Singapore. In comparison, units in the choice Newton Road, Cairnhill and Bukit Timah areas were between $1,500 and $2,300 psf when they were released recently.
Source : Straits Times – 10 Oct 2009
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