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10 units released, 6 sold : Seven Palms Sentosa Cove

Posted on 8 Oct 2009 | Comments Off

Asking average price is about $3,300 psf or about $8.5m per unit

SC Global Developments yesterday said it is releasing about 10 of the total 41 units at its Seven Palms Sentosa Cove condo at an average price of about $3,300 psf. In absolute quantum, prices start at about $8.5 million per unit.

Imagine: Tanjong Beach on one side, a golf course adjacent to it and the South China Sea on the other side

The upscale developer recently held private previews for the first phase and has sold six of the 10 units at an average lumpsum price of about $11 million per residence. Prices of the six units sold range from about $3,100 psf to $3,400 psf.

Standard apartments in Seven Palms range from about 2,700 sq ft to 6,800 sq ft and have three to five bedrooms. Penthouses range from about 4,000 to 8,000 sq ft. The residences are housed in three four-storey high blocks formed around a square coconut grove. ‘A huge open-ended portal connects the coconut grove to the beach for physical and visual access. Under this portal is a luxuriously-appointed beach club, complete with storage for water sports equipment, a glass-walled gymnasium, and plenty of deck areas for lounging, yoga, catered events, or just doing nothing,’ SC Global said in its news release.

It will be developing the project on a 99-year leasehold plot flanked by Tanjong Beach on one side, a golf course adjacent to this and the South China Sea on the other side. Continue reading →

Comments Off on 10 units released, 6 sold : Seven Palms Sentosa Cove

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

Tagged SC Global, Sentosa Cove, Seven Palms, Seven Palms Sentosa Cove, Singapore Luxury Homes, Singapore Property, Singapore Property Market

Seven Palms smashes price records at Sentosa Cove

Posted on 7 Oct 2009 | Comments Off

SC Global sells units at $3,100-$3,400 psf at the exclusive 4-storey project

Upmarket developer SC Global Developments is said to have sold six units at its Seven Palms at Sentosa Cove condo at between $3,100 per square foot (psf) and $3,400 psf – record prices for the upscale waterfront housing district.

On a lump-sum basis, the three and four-bedroom units were sold at about $9 million to $15 million each.

All units in the four-storey development will face either Tanjong Beach next door, or the sea or the Tanjong Golf Course at the Sentosa Golf Club.

Singaporeans are understood to have picked up two of the six units sold recently, with Singapore permanent residents buying the other four.

Market watchers reckon SC Global is probably looking at a project-average price of about $3,500 psf for Seven Palms at Sentosa Cove. The condo will comprise just 41 units.

Standard apartment sizes range from about 2,750 sq ft to 6,500 sq ft.

BT understands that the biggest unit in the 99-year-leasehold project, an 8,000-sq-ft penthouse, has a price tag of about $25 million to $30 million.

Prior to this, the highest median price achieved by a developer of a Sentosa Cove condo was $2,734 psf seen at Lippo Group’s Marina Collection, which was released in late 2007. Continue reading →