Last Shot At A Piece Of Sentosa Cove

Source : TODAY, Wednesday, August 22, 2007

WELL-HEELED homebuyers will soon be able to name their price for the last handful of available land parcels on Sentosa.

Three bungalow land parcels — two waterway plots with mooring of private yachts in the backyards and one with dual views of Sentosa Gold Club’s Tanjong Golf Course and the sea, will be launched tomorrow. These will be Sentosa Cove’s final release of its prime bungalow land parcels that range from 644 sq m to 1,000 sq m each.

In the last Expression of Interest (EOI) exercise in July, there were more than 10 bids for four bungalow plots.

A waterway bungalow land parcel achieved a new benchmark price of $1,233 psf, or an increase of 27.4 per cent from earlier sale. A fairway plot also attained a new benchmark price of $1,065 psf, up 17 per cent.

Following this EOI, Sentosa Cove will only have two remaining plots facing the fairway for sale through private arrangement, and two prime sites — Sandy and Pearl Islands — for institutional sale.

Interested parties can submit their highest offer to Sentosa Cove on Sept 4 at its sales and information centre