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The World's Most Desirable Address?

Sentosa Cove, a residential developmentSingapore dollars per square foot to
on Sentosa Island in Singapore is1,799 dollars per square foot.
marketed as "the world's most desirableAnalysts estimate that Singapore's
address." There's no doubt that Sentosaproperty market will increase by as much
Cove is among the more exclusiveas 30 percent this year. So far, Sentosa
developments in Southeast Asia, but isCove has outpaced the rest of the
it really the world's most exclusiveSingapore market in appreciation, in
address? We'll let you decide.part because it is the only place in
Divided into two gated communities,Singapore where foreigners are allowed
covering 290 acres, Sentosa Cove has ato buy landed properties.
members-only marina, berths for megaBut is it all enough to consider Sentosa
yachts, and W Hotel in the works. On theCove the world's most desirable address?
island there are 2 championship golfDevelopers in Dubai might have something
courses, and there are plans to build ato say about that.
resort featuring a casino and aMore on Sentosa Island:
Universal Studios theme park.Sentosa, which means peace and
Of the 2,500 homes planned fortranquillity in Malay, is a popular
completion, some of the more excitingisland resort in Singapore, visited by
projects include:some five million people a year.
- An 18-villa community on Sandy Island,Attractions include a two-kilometre long
one of the manmade islands in the Cove,sheltered beach, Fort Siloso, two golf
where villas will range in size fromcourses and two five-star hotels.
about 6,500 square feet to 12,000 squareThe island has an area of 5 square
feet. Each will come with a boat berthkilometres. It lies just half a
and a private pool. Claudio Silvestrin,kilometre (a quarter of a mile) away
the architect, designs Georgio Armani'sfrom the southern coast of the main
stores.island of Singapore. It is Singapore's
- A 20-unit apartment development thatfourth largest island (excluding the
will be the only property facing Sentosamain island). 70% of the island is
Golf Club's Tanjong Course. Each 6,000covered by secondary rainforest, the
square foot unit will have its own poolhabitat of monitor lizards, monkeys,
and an estimated price tag between 9-10peacocks, parrots as well as other
million Singapore dollars (aboutnative fauna and flora. Significantly
6.25-6.95 million US).large portions of land are currently
- The Pinnacle Collection, a plannedbeing added to Sentosa due to land
20-story condominium structure that willreclamation.
be the tallest building on the islandSentosa has a stretch of sheltered beach
and will offer panoramic vistas of theof more than two kilometres in length on
South China Sea, the Southern Islandsits southern coast, divided into three
and the city skyline.portions: Palawan Beach, Siloso Beach,
Although land sales in Sentosa Coveand Tanjong Beach. These beaches are
started off with a bust back in 2003 (inartificial, reclaimed using sand bought
the midst of the SARS epidemic), landfrom Indonesia and Malaysia.
prices have since jumped from 350



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