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The World's Most Desirable Address?

Sentosa Cove, a residential development on
Sentosa Island in Singapore is marketed asAnalysts estimate that Singapore's property
"the world's most desirable address." There'smarket will increase by as much as 30 percent
no doubt that Sentosa Cove is among the morethis year. So far, Sentosa Cove has outpaced
exclusive developments in Southeast Asia, butthe rest of the Singapore market in
is it really the world's most exclusiveappreciation, in part because it is the only
address?  We'll  let  you  decide.place in Singapore where foreigners are
allowed  to  buy  landed  properties.
Divided into two gated communities, covering
290 acres, Sentosa Cove has a members-onlyBut is it all enough to consider Sentosa Cove
marina, berths for mega yachts, and W Hotelthe world's most desirable address?
in the works. On the island there are 2Developers in Dubai might have something to
championship golf courses, and there aresay  about  that.
plans to build a resort featuring a casino
and  a  Universal  Studios  theme  park.More  on  Sentosa  Island:
Of the 2,500 homes planned for completion,Sentosa, which means peace and tranquillity
some  of  the more exciting projects include:in Malay, is a popular island resort in
Singapore, visited by some five million
- An 18-villa community on Sandy Island, onepeople a year. Attractions include a
of the manmade islands in the Cove, wheretwo-kilometre long sheltered beach, Fort
villas will range in size from about 6,500Siloso, two golf courses and two five-star
square feet to 12,000 square feet. Each willhotels.
come with a boat berth and a private pool.
Claudio Silvestrin, the architect, designsThe island has an area of 5 square
Georgio  Armani's  stores.kilometres. It lies just half a kilometre (a
quarter of a mile) away from the southern
- A 20-unit apartment development that willcoast of the main island of Singapore. It is
be the only property facing Sentosa GolfSingapore's fourth largest island (excluding
Club's Tanjong Course. Each 6,000 square footthe main island). 70% of the island is
unit will have its own pool and an estimatedcovered by secondary rainforest, the habitat
price tag between 9-10 million Singaporeof monitor lizards, monkeys, peacocks,
dollars  (about  6.25-6.95  million  US).parrots as well as other native fauna and
flora. Significantly large portions of land
- The Pinnacle Collection, a planned 20-storyare currently being added to Sentosa due to
condominium structure that will be theland  reclamation.
tallest building on the island and will offer
panoramic vistas of the South China Sea, theSentosa has a stretch of sheltered beach of
Southern  Islands  and  the  city  skyline.more than two kilometres in length on its
southern coast, divided into three portions:
Although land sales in Sentosa Cove startedPalawan Beach, Siloso Beach, and Tanjong
off with a bust back in 2003 (in the midst ofBeach. These beaches are artificial,
the SARS epidemic), land prices have sincereclaimed using sand bought from Indonesia
jumped from 350 Singapore dollars per squareand Malaysia.
foot  to  1,799  dollars  per  square  foot.



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