The World’s Most Desirable Address?

Sentosa Cove, a residential development on Sentosa Island in Singapore is marketed as “the world’s most desirable address.” There’s no doubt that Sentosa Cove is among the more exclusive developments in Southeast Asia, but is it really the world’s most exclusive address? We’ll let you decide.

Divided into two gated communities, covering 290 acres, Sentosa Cove has a members-only marina, berths for mega yachts, and a W Hotel in the works. On the island there are 2 championship golf courses, and there are plans to build a resort featuring a casino as well as a Universal Studios theme park.

Of the 2,500 homes planned for completion, some of the more exciting projects include:

• An 18-villa community on Sandy Island, one of the man-made islands in the Cove, where villas will range in size from about 6,500 square feet to 12,000 square feet. Each will come with a boat berth and a private pool. Claudio Silvestrin, the project’s architect, designs Georgio Armani’s stores.

• A 20-unit apartment development that will be the only property facing Sentosa Golf Club’s Tanjong Course. Every 6,000 square foot unit will have its own pool and an estimated price tag between 9-10 million Singapore dollars (about 6.25-6.95 million US).

• The Pinnacle Collection, a planned 20-story condominium structure that will be the tallest building on the island and will offer panoramic vistas of the South China Sea, the Southern Islands and the city skyline.

Although land sales in Sentosa Cove started off with a bust back in 2003 (in the midst of the SARS epidemic), prices have since jumped from 350 to 1,799 Singapore dollars per square foot of land.

Analysts estimate that Singapore’s property market will increase by as much as 30 percent this year. So far, Sentosa Cove has outpaced the rest of the Singapore market in appreciation, partly because the development is the only place in Singapore where foreigners are allowed to buy landed properties.

But is it all enough to consider Sentosa Cove the world’s most desirable address? Developers in Dubai might have something to say about that.

For more information on Sentosa Cove, visit the official site.

[source: the International Herald Tribune]

• How Many Servants Can You Afford?
• Suggest a Tip
• BallerHouse Stickers are in!!

Tags: luxury real estate, Sentosa Cove, Singapore

 Did you enjoy this article? If so, then subscribe to our RSS Feed.