Tag Archives: Sentosa Cove

Top 5 marina properties in South East Asia

Increasingly the playground of the world’s rich, Asia’s high-end property markets are constantly reinventing themselves in order to attract high net worth individuals. First came high-rise iconic developments followed by chic low-rise luxury housing, mixed-use developments and integrated mega-cities. The latest addition to the ever-changing landscape of property developments in Asia is that of Marina Properties. Here is a sneak peak at some of the best there is.

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The Residences at Sentosa Cove, Singapore

The Residences at Sentosa Cove come with a array of services and nearby attractions including an 18-hole golf course, the award-winning ONE˚ 15 Marina Club, Resorts World Sentosa, access to lush rainforest, sandy beaches and Quayside Isle – an integrated hotel, retail and commercial development scheduled for completion later this year. Sentosa Cove features 2,160 homes, starting from S$1,680 (US$1,316) per sq ft.

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Reflections Condo, Keppel Bay, Singapore

Attached to the Marina at Keppel Bay, home to the Keppel Bay Sailing Academy, are the six glass towers and 11 villa apartments that will upon completion boast an exquisite collection of 1,129 waterfront homes. Designed by celebrated architect Daniel Libeskind, the development will also feature an expansive 13,300 sq ft penthouse spread across the 39th and 41st floors of the central high-rise tower. Facilities include an Olympic-sized pool, two Jacuzzi pools, barbecue pits, tennis courts, outdoor fitness stations and playgrounds. Prices start from around US$1,700 per sq ft.

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Park Resicences at Royal Phuket Marina, Thailand

The Park Residences at the Royal Phuket Marina comprise 88 so-called Aquaminiums, waterside condominiums ranging in size from 156 to 831 square metres starting at US$505,000, five 1,058 square metre Royal Villas with 23 metres private berthing starting at US$6.2 million, and one Grand Villa with a 70 metre private berth prized at a cool US$10 million. As of April 2012 only three apartments and three villas including the Grand Villa remain for sale. Facilities include two restaurants, tennis courts, retail outlets, a spa and an exhibition centre.

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Quayside at Straits Quay, Penang, Malaysia

Seri Tanjung Pinang is Malaysia’s premier waterfront community featuring three-storey courtyard terraces, serviced luxury suites, resort condominiums and grand sea-fronting villas. It is part of Straits Quay, a retail and leisure complex featuring a marina, a two-storey shopping mall, a performing arts centre and a wide range of cafes and restaurants. The latest addition to the project is the Andaman Series which is configured in eight different layouts from expansive penthouse suites with private pools, to spacious three-bedroom apartments for larger families. Prices start at RM973,800 (US$305,371).

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Residences at Siam Royal View, Koh Chang, Thailand

Siam Royal View offers a limited number of condos and luxurious beachfront villas on a buy-to-build basis to suit individual needs. Launched in 2006, the latest phase of the development comprises of 100 land plots ranging in size from 300 to 3,000 square metres with prices starting at THB3 million (US$95,175) for a plot of land and THB4 million (US$125,568) for villa construction. The completion of the marina is scheduled for August this year upon which it will feature 75 berth spaces from 10 to 20 metres with deep water buoy mooring for larger vessels 65 feet up. Facilities include a 9-hole golf course, beach club with restaurant, a water sports centre, a gym and several community pools.

Source: PropertyReport – 2012 Jun 28

Big-ticket bungalow deals reasonably priced

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Some big-ticket bungalow deals took place recently on Sentosa Cove (pictured) and the Good Class Bungalow (GCB) areas of mainland Singapore.

One Singaporean bought a two-storey freehold bungalow with five bedrooms and a study at White House Park for S$24.8 million or around S$1,650 psf. RealStar Premier represented the buyer while the seller was represented by DTZ.

At Jervois Hill, a 15,095 sq ft property was sold for S$21 million by Newsman Realty. It was bought in 2010 for S$19 million from Vincent Tan Kim Yong, Group Chairman and CEO of Advanced Integrated Manufacturing Corp.

Over in Sentosa Cove, a 99-year leasehold property was sold for S$22.2 million or around S$2,787 psf.

Samuel Eyo, Director of Prestige Homes at Savills Singapore, said that end-users have dominated the GCB market and transacted prices are reasonable.

KH Tan, Managing Director of Newsman Realty, noted that the GCB market picked up in the first half of this year from a slowdown after the additional buyer’s stamp duty (ABSD) was implemented in December last year.

“I would say prices are quite stable these days.”

He added that transactions at Sentosa Cove saw a notable decline due to the 10 percent ABSD for foreigners who are not permanent residents (PRs).

Sentosa Cove is the only place in Singapore where landed homes can be bought by non-PR foreigners subject to approval by the Land Dealings (Approval) Unit.

Source : PropertyGuru – 2012 Jun 26