The World's Most Desirable Address?

Sentosa Cove, a residential development on SentosaSingapore dollars per square foot to 1,799 dollars per
Island in Singapore is marketed as "the world's mostsquare foot.
desirable address." There's no doubt that SentosaAnalysts estimate that Singapore's property market
Cove is among the more exclusive developments inwill increase by as much as 30 percent this year. So
Southeast Asia, but is it really the world's mostfar, Sentosa Cove has outpaced the rest of the
exclusive address? We'll let you decide.Singapore market in appreciation, in part because it is
Divided into two gated communities, covering 290the only place in Singapore where foreigners are
acres, Sentosa Cove has a members-only marina,allowed to buy landed properties.
berths for mega yachts, and W Hotel in the works.But is it all enough to consider Sentosa Cove the
On the island there are 2 championship golf courses,world's most desirable address? Developers in Dubai
and there are plans to build a resort featuring amight have something to say about that.
casino and a Universal Studios theme park.More on Sentosa Island:
Of the 2,500 homes planned for completion, some ofSentosa, which means peace and tranquillity in Malay,
the more exciting projects include:is a popular island resort in Singapore, visited by some
- An 18-villa community on Sandy Island, one of thefive million people a year. Attractions include a
manmade islands in the Cove, where villas will range intwo-kilometre long sheltered beach, Fort Siloso, two
size from about 6,500 square feet to 12,000 squaregolf courses and two five-star hotels.
feet. Each will come with a boat berth and a privateThe island has an area of 5 square kilometres. It lies
pool. Claudio Silvestrin, the architect, designs Georgiojust half a kilometre (a quarter of a mile) away from
Armani's stores.the southern coast of the main island of Singapore. It
- A 20-unit apartment development that will be theis Singapore's fourth largest island (excluding the main
only property facing Sentosa Golf Club's Tanjongisland). 70% of the island is covered by secondary
Course. Each 6,000 square foot unit will have its ownrainforest, the habitat of monitor lizards, monkeys,
pool and an estimated price tag between 9-10 millionpeacocks, parrots as well as other native fauna and
Singapore dollars (about 6.25-6.95 million US).flora. Significantly large portions of land are currently
- The Pinnacle Collection, a planned 20-storybeing added to Sentosa due to land reclamation.
condominium structure that will be the tallest buildingSentosa has a stretch of sheltered beach of more
on the island and will offer panoramic vistas of thethan two kilometres in length on its southern coast,
South China Sea, the Southern Islands and the citydivided into three portions: Palawan Beach, Siloso
skyline.Beach, and Tanjong Beach. These beaches are
Although land sales in Sentosa Cove started off withartificial, reclaimed using sand bought from Indonesia
a bust back in 2003 (in the midst of the SARSand Malaysia.
epidemic), land prices have since jumped from 350