CDL[city developments limited]
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Have u guys seen the new project by CDL?[oceanofront @ sentosa cover]
good location and nice scenice seaview
http://citydev.sg/CDL/oceanfront/index.html
very modern living
executive looks -
so what it is nice? i cant even afford!!!
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very nice apartment and settingsOriginally posted by dragg:so what it is nice? i cant even afford!!!
seems more for those executive to relax and enjoy the view after a days work
more to the execs? and probaly rich retired seniors?
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sentosa cove. one day must go in and photoshoot also.
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Starting price for a single bedroom unit is $1.5M to over $8M for a executive suite... Me can only afford the $1.5M unit...
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$8M??
Hmmm a condo in Orchard cost lesser than that.
Example, Claymore behind American Club. Just $3.4M. -
July 15, 2006
Buyers flock to CDL's Sentosa Cove condo
180 homes in the 264-unit Oceanfront project sold within 2 days
By Property Correspondent, Joyce Teo
SENTOSA Cove is proving to be a hit with Singaporeans and foreigners alike, with 180 units of the 264-unit Oceanfront @ Sentosa Cove snapped up over the past two days.
Forty per cent went to foreigners - including permanent residents - from Britain, Japan, Hong Kong, Malaysia and Indonesia, said City Developments (CDL), co-developer of the project with TID.
Some buyers also bought on a whole-floor basis, which could be three to seven units at one go, it said.
Buyers included young professionals who love the seafront lifestyle, said a CDL spokesman.
'We also have the well- heeled and well-travelled buyers who find this development truly unique,' he said.
Singaporean Nancy Hawkes picked up a four-bedroom unit for close to $1,500 per sq ft (psf). 'You cannot find another property like this in Singapore...a piece of land that is so close to the ocean,'' said
Mrs Hawkes, who is married to hotelier Noel Hawkes.
Mr Hawkes agreed: 'It's like the south of France; our equivalent of Cote d' Azur.''
'You're living on an island but cocooned by the safety net of Singapore.''
The 99-year leasehold Oceanfront comprises five towers of 12 to 15 storeys, with two- to five-bedroom units. It also has 16 sky villas fitted with their own pools.
All the four-bedroom units as well as some of the three-bedroom units offer sea views. And all apartments have a private lift lobby and most will have balconies.
CDL said it had initially planned on releasing 100 units for the launch this weekend but had to release more to satisfy demand.
It said the project had an early bird average price of $1,300 psf, but this has since been adjusted upwards by about 2 to 3 per cent.
According to an investor, units with views of the marina are priced at about $1,300 psf. Those with sea views were sold from $1,400 psf to over $1,500 psf for ones on the high floors.
Average prices on an absolute basis range from about $1.4 million for the two-bedroom units to over $3 million for the four-bedroom units, and over $8 million for the penthouses.
'Most buyers are likely to be sophisticated investors looking to secure capital gains because there can only be so many apartments on the island,'' said the head of research at property consultancy Chesterton International, Mr Colin Tan.
'They are not likely to dump their units, because their window of opportunity is long, until the completion of the integrated resort on the island in several years' time.''
[email protected]
Copyright © 2006 Singapore Press Holdings. All rights reserved. -
Far East Organization previews The Clift
11 Jul 06
DEVELOPERS continue to roll out new residential projects for sale. Last week, Far East Organization began previews for The Clift - the redevelopment of the current NatWest Centre at McCallum Street. And this week, City Developments Ltd (CDL) and TID Pte Ltd will preview The Oceanfront @ Sentosa Cove condo.
Far East is understood to have priced The Clift around $1,050-$1,100 psf on average after discount. The 99-year leasehold project comprises 312 apartments in a 43-storey tower, with shops on the the ground floor. The residential units are mostly one and two-bedroom offerings, with or without lofts. One-bedders without lofts range in size from 495 to 527 sq ft. Two-bedders without lofts are between 775 sq ft and 818 sq ft.
At Sentosa Cove, City Developments and TID will begin previewing their 15-storey condo, The Oceanfront @ Sentosa Cove. The price of the 99-year leasehold project is expected to be $1,300 to $1,350 psf, CDL executive chairman Kwek Leng Beng said yesterday at a media briefing to launch the initial public offer of the CDL Hospitality Trusts.
Over in the Tomlinson/Cuscaden area, the group has sold almost all of the 70 apartments it has released so far at its upmarket St Regis Residences. The highest price achieved for the 999-year leasehold project is $3,030 psf, Mr Kwek said.
The plan is to release another 30 units soon, for which Mr Kwek said the price is unlikely to be increased. Beyond this, the group may wish to retain the remaining 73 apartments in the 173-unit project for lease, catering to the long-term stay market.
Mr Kwek reckons investors at St Regis Residences will enjoy a rental return of 6 per cent, compared with 4-5 per cent in the general Singapore market. Residents of St Regis Residences will be able to use the butler service from the St Regis Hotel being built next door.
CityDev is developing the St Regis Residences and the 299-room St Regis Hotel jointly with Hong Leong Holdings and TID.
Over in the Cantonment Road area, Mapletree Investments is said to have sold the last eight units at The Beacon at the weekend. The 24 storey condo, being built on a 99-year leasehold site formerly occupied by the Singapore Portworker's Union House, has 124 units. The average price is about $600 psf. -
I was there since 14 July.. lots of people! Now, units left are mostly sky villas and ground floor. Anyone keen? -
seaview dwellings, anyone??
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u pay i dun mind.Originally posted by Homebody:I was there since 14 July.. lots of people! Now, units left are mostly sky villas and ground floor. Anyone keen?
wan buy small apartment leh. $500k. hmmm. -
when everything is up and running we will see all the rich and powerful there.Originally posted by olala:very nice apartment and settings
seems more for those executive to relax and enjoy the view after a days work
more to the execs? and probaly rich retired seniors? -
i am sure the developers and the govt has considered this.Originally posted by fugue in C minor:seaview dwellings, anyone??
tsunami wont hit the bay. -
its indeed very nice, see the tv advertisement and it'll "wow" you even more.Originally posted by olala:Have u guys seen the new project by CDL?[oceanofront @ sentosa cover]
good location and nice scenice seaview
http://citydev.sg/CDL/oceanfront/index.html
very modern living
executive looks
interested in buying it?
i can imagine people staying there get chauffered in a yacht to marina south for bbq steamboat -
Originally posted by ^tamago^:July 15, 2006
Buyers flock to CDL's Sentosa Cove condo
180 homes in the 264-unit Oceanfront project sold within 2 days
By Property Correspondent, Joyce Teo
The 99-year leasehold Oceanfront comprises five towers of 12 to 15 storeys, with two- to five-bedroom units. It also has 16 sky villas fitted with their own pools.
99-yr and so ex!!!Originally posted by ^tamago^:Far East Organization previews The Clift
11 Jul 06
Far East is understood to have priced The Clift around $1,050-$1,100 psf on average after discount. The 99-year leasehold project comprises 312 apartments in a 43-storey tower, with shops on the the ground floor. The residential units are mostly one and two-bedroom offerings, with or without lofts. One-bedders without lofts range in size from 495 to 527 sq ft. Two-bedders without lofts are between 775 sq ft and 818 sq ft. -
yea.. it very beautiful but they says that it rated as one of the most expensive condomenium in singapore.. agrr...Originally posted by olala:Have u guys seen the new project by CDL?[oceanofront @ sentosa cover]
good location and nice scenice seaview
http://citydev.sg/CDL/oceanfront/index.html
very modern living
executive looks -
if you are rich everything becomes beautiful.
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so the cheapest apartment is for 500k?
i guess its the 2 room units?