Sentosa Cove Iconic Condo Site for Sale

The Pinnacle Collection was awarded to Ho Bee Investment & IOI Properties at $1.097b ($1,822 psf ppr). Hence break-even cost is abt $2.5k psf, and may sell at a price tag of abt $3k psf.

* AsiaOne-Pinnacle *

*** 19 Sep 2007 ***
For sale! For sale! Last iconic condo site of The Pinnacle Collection of Sentosa Cove.

The final iconic condo site went on sale yesterday at a reserve price of $964m ($1,600 psf ppr). Property consultants are expecting bids to be >$2k psf ppr and hence the selling price of the completed project is estimated at $3.2k - $3.8k psf.

The 99-yr leasehold site of 231,677 sf with plot ratio of 2.6, can build up to 357 units of apartments. At a height limit of 20 storeys, it is higher than CDL's The Oceanfront which is 15-storey high.

A glimpse of Sentosa Cove ... ...
(1) Central Marina Precinct
(A) Commercial
- The Quayside Isle
- One15 Marina Club
(B) Residential
- The Marina Collection, $817.66 psf ppr (6 Oct 06)

(2) Northern Residential Precinct
(A) Condo
- The Azure, $410.48 psf ppr (6 Oct 04)
- The Coast, $638.62 psf ppr (12 Jan 06)
- The Berth by the Cove, $350.65 psf ppr (20 Dec 03)
- The Oceanfront @ Sentosa Cove, $484.68 psf ppr (13 May 05)
(B) Landed
- Coral Island, $205.85 psf (20 Nov 04)
- Paradise Island, $260.00 psf (28 Jul 05)
- Treasure Island
- The Lakefront Collection, $378.00 psf (13 Sep 06)
- Villas @ Sentosa Cove
- Ocean 8
- The Berthside

(3) Southern Residential Precinct
(A) Condo
- The Waterfront Collection, $918.92 psf ppr (13 Dec 06)
- The Seaview Collection, $1361.33 psf ppr (12 Mar 07)
- The Beachfront Collection, $1799.78 psf ppr (30 Jul 07)
- The Pinnacle Collection, $1822 psf ppr (09 Jan 08)
(B) Landed
- Sandy Island, $617.00 psf (05 Mar 07)
- Pearl Island (Expressions of interest exercise closes on Oct 25)
Expectations:
CBRE: $127m - $144m ($800 - $900 psf)
- The Green Collection, $1099 psf (Sep 07)

* Sentosa Cove-Sale *

*****
Got lots of money and don't know where to spend??? Invest in a unit at Sentosa Cove ... living in a prestige neighborhood with magnificent seaview or soothing greenery. Sooooooo good ... ...