Tag Archives: Sentosa Cove

W Hotel slated to open in Sentosa Cove in 2011

Posted on 23 Oct 2009 | Comments Off on W Hotel slated to open in Sentosa Cove in 2011

IT IS confirmed: the trendy W Hotel chain will open its first Singapore premises in Sentosa Cove in 2011.

The 250-room hotel will be part of the Quayside Isle Collection, a mixed lifestyle development being built by City Developments (CDL) that will include homes, shops and restaurants.

Quayside’s 228 homes are said to be planned as W-brand residences – one of the first in South-east Asia, after the W Koh Samui Retreat and Residences in Thailand to be completed next year.

When contacted yesterday, CDL declined to comment.

But the Korea Herald yesterday reported that Ssangyong Engineering & Construction had won a 150 billion won (S$178 million) design-and-build project for a W Hotel in Singapore. Continue reading →

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Posted in General, Sentosa Property

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Supply, interest rates frame housing debate

Posted on 16 Oct 2009 | Comments Off on Supply, interest rates frame housing debate

The property market yesterday toasted the sale of a record 5,719 private homes in the third quarter, even though the industry posted a second consecutive month-on-month drop in sales to 1,143 units in September. Despite the high point, the discussion in property circles was marked by circumspection.

The number of homes that developers manage to sell in the fourth quarter as well as next year will be limited by the shrinking stock of launch-ready homes and developers’ fast-depleting landbanks.

While the economic outlook is improving, the accompanying scenario of rising interest rates may cause some to re-evaluate their property investment decisions as mortgage rates rise. If savings rates on bank deposits also increase, this will take some shine off parking money in property, which is what many investors have been doing this year, says DTZ executive director (consulting) Ong Choon Fah. Continue reading →

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Posted in Property Market / Real Estate, Property Price, Sentosa Property

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