Tag Archives: Sentosa Cove

Prices of small units slipped 1.4%

Posted on 1 Aug 2012 | Comments Off on Prices of small units slipped 1.4%

Prices of completed small apartments measuring up to 506 sq ft declined 1.4 percent in June, according to the National University of Singapore’s (NUS) Singapore Residential Price Index (SRPI).

Based on flash estimates, the sub-index for units in the Central Region (excluding small units) also slipped 0.9 percent from the previous month. The area comprises Districts 1 to 4 including Sentosa Cove and the financial district, as well as traditional prime districts 9, 10 and 11.

On the other hand, home prices in the Non-Central Region rose 1.7 percent month-on-month in June.

Overall, the SRPI was flat in June compared to the previous month which saw a 1.4 percent month-on-month increase.

The SRPI tracks prices of completed condos and apartments.

Source ProertyGuru 2012 Jul 31

 

 

 

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Posted in Property Market / Real Estate, Sentosa Property

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Aussie firm linked to world’s richest woman buys Sentosa condos

Posted on 26 Jul 2012 | Comments Off on Aussie firm linked to world’s richest woman buys Sentosa condos

A company linked to Australian mining tycoon Gina Rinehart’s Hancock Prospecting is acquiring two units at Seven Palms, a Sentosa Cove condo project by SC Global Developments for S$57.2 million, according to sources who spoke to The Business Times.

Rinehart is considered the world’s richest woman with a fortune estimated at around A$30 billion (S$39 billion).

Located near Tanjong Beach, Seven Palms is a four-storey residential development that features just 41 units. Nearing completion, it is designed by award-winning Kerry Hill architects.

The firm linked to Hancock Prospecting is said to be paying around S$23.3 million for a third floor unit and nearly S$33.9 million for a unit on the fourth floor. However, the unit sizes are not known.

One industry watcher estimated that the two units are likely to have surpassed S$4,000 psf, a new benchmark for Sentosa Cove.

If the price of the fourth floor unit is indeed S$33.9 million, it would break the present record set for a duplex penthouse at Far East Organization’s Boulevard Vue project, which hit S$33.4 million in 2009. This translates to S$4,150 psf for the 8,051 sq ft unit, based on CBRE’s analysis of URA Realis caveats data.

Source : PropertyGuru – 26 Jul 2012

 

 

 

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Posted in General, Luxury Property, Sentosa Property

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