Tender for Boon Lay condo site attracts just 2 bids that are below expectations.

A tender for the last condo plot at Sentosa Cove - named The Pinnacle Collection - is said to have attracted three bids when it closed yesterday, including a joint bid by Ho Bee Investment and Malaysia’s IOI Group. The other two bidders are said to include foreign players/funds.

Sentosa Cove Pte Ltd (SCPL) declined to reveal the names of the bidders or their bid prices ahead of an evaluation process that will be based on both design concept and price. ‘We expect the site to be awarded by early January,’ an SCPL spokeswoman said.

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Lippo Group is said to have priced its Marina Collection condo, a 99-year leasehold project on Sentosa Cove, at about $2,750-2,900 psf on average.

Over the past few days, the group, controlled by Indonesia’s Riady family, is said to have sold about half of the 60 or so units it has released so far in the 124-unit, four-storey development next to the One Degree 15 Marina Club. The development comprises three blocks.

Lippo is developing the condo jointly with the Marina Club, OCBC and Austria’s Raiffeisen Zentralbank (RZB).

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Record $215.65m price for Pearl Island signals strong demand for luxury living: Sentosa Cove.

Pearl Island, the final bungalow plot at Sentosa Cove, was yesterday sold to the Singapore unit of China property conglomerate Ximeng Asset Holdings, which won the bidding with an offer of $215.65 million, which works out to $1,687.50 per square foot per plot ratio (psf ppr).

By the sea: Ximeng Land is considering a configuration that will double the space for each bungalow to offer more privacy and exclusivity

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Resorts World factors in rising construction costs, new attractions, improved designs.

(SINGAPORE) The cost of the integrated resort (IR) on Sentosa could climb to as much as $6 billion - from an original $5.2 billion - as building costs escalate and more attractions are added.

Resorts World at Sentosa (RWS) yesterday said that it has revised its budget to $5.75 billion and made a further contingency provision of $250 million, taking the overall budget to some $6 billion.

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Whether it’s luxury living or fine dining, Sentosa offers the ultimate leisure and lifestyle experiences.

Imagine looking out of your window and be awed by the exquisite view of crystal waters meeting azure blue skies. Imagine indulging in your favourite leisure activity of golf at the foot of your doorstep. Imagine sailing away from the competitive rat race. Your idea of a dream lifestyle? That imagination to desire for the finest things in life can be a reality, only at Sentosa. Sentosa, at the southern tip of Singapore, offers so much more than just key attractions, venue for world-class events, shopping and dining - its understated plush living provides a myriad of experiences for those who enjoy life’s little luxuries.

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