Sentosa Cove – Home for Rent

September 6th, 2011 at 3:35 pm

 

Sentosa Cove (Chinese: 升涛湾) is a residential enclave in the East of Sentosa Island in Singapore, eventually housing about 2,500 units when fully developed. Largely made-up of reclaimed land, it is being marketed as a “exclusive oceanfront residential community” and the “only true seafront residential property” in Singapore.

The master developer of the site is Sentosa Cove Pte Ltd, a subsidiary of Sentosa Development Corporation. The latter purchased the site from the Singapore Land Authority for a sum of about S$800 million.

Sentosa Cove is divided into two main areas, the North Cove, and the South Cove. Each cove comprises both bungalow and condominium residential plots, with most units configured to either face the artificially-created sheltered waterways, or the open sea. Straddling between the two is a planned commercial area, known as the Marina Village, which includes a hotel and a marina.

The North Cove has three artificial islands called Coral Island, Paradise Island and Treasure Island, all of which are surrounded by an artificial marina enclosed by an outer ring of reclaimed land. Collectively, the North Cove will have 1,528 residential units: 214 bungalows, 30 terraced houses, and 1,284 condominium units.

There are six condominium sites, of which four were successful sold to private developers. The Azure by Centrepoint Homes, and The Oceanfront @ Sentosa Cove by City Developments Limited each held very successful sales campaigns, with units being booked very rapidly even before their respective launches in 2006. Two other plots, known as the Berth by the Cove (awarded to Ho Bee Group) and the Baywater Collection of three condominium parcels, were expected to be launched soon. There are also two significant sites for landed housing, namely the Hillside Collection, and the Lakefront Collection.

Bungalow plots in the South Cove were launched only in the second half of 2006 after the successful sale of most plots in the North Cove, with an eventual total of 156 units. Another 816 condominium units in four sites are also to be sold, for a total of 972 homes in the South Cove. Demand for these homes is expected to be higher than in the north due to the better sea views offered. With a geographic configuration similar to the north, it also has a sheltered waterway with two artificial islands (Pearl Island and Sandy Island).