Luxury New Resort on Sentosa, Singapore

City Developments Limited (CDL) has marked a milestone in the construction of its Quayside Isle with the topping out of the new W Singapore Sentosa Cove – Singapore’s only marina hotel.

The W Singapore Sentosa Cove is the cornerstone of a new upscale lifestyle precinct that is quickly taking shape - the structure of the 240-room hotel has finished, the adjacent Residences at W Singapore Sentosa Cove nears completion and tenders for a specialist retail component comprising some 30 quaint waterfront restaurants and shops are expected to be called soon.

The hotel which sits at the water’s edge, the residences and specialty shops on the promenade, are part of a unique luxury resort complex that is located next to the ONE°15 Marina Club. The hotel is the first in Singapore to have berths at its doorstep. The property’s 10 berths will cater to guests with luxury craft.

 CDL won the $255 million bid to develop the Quayside Isle in a hotly contested public tender in 2006.

“There will be nine speciality shops and space for 18 F&B outlets, and over 90% of lettable area will be allotted to F&B. We will also be introducing several new brand concepts,” said Mr. Chia Ngiang Hong CDL Group General Manager. “We are creating that Riviera lifestyle – luxurious, laid back but also fun and active ...  The main idea is to provide the ultra high-end community an oasis that not only caters to their daily needs, but also provides a marina escape in a setting like nowhere else in Singapore.”

 W Singapore Sentosa Cove has also been awarded the Green Mark Platinum award by the Building and Construction Authority. It features rain harvesting and collection of condensate from its air-conditioning system, as well as a smart room air-conditioning system which automatically switches off when balcony doors are ajar.

The adjoining Residences at W Singapore Sentosa Cove consist of 228 luxury apartments, with unit sizes ranging from two to four bedrooms and penthouses from 1,227 square feet to 6,297 square feet. It was launched earlier this year at an average price of Sin$2,500- 2,600 per square foot.

The group is considering retaining at least 100 units for medium to long-term investment or for en bloc sales. CDL is optimistic over the medium to long term prospects of its luxury project. Sentosa no longer has parcels of land available for sale, and existing bungalows and condominium units there have appreciated in value since being launched.

 Completion of the integrated Quayside Isle is expected in 2012.

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