Chief Editor April 10 2024

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The Residences at W Singapore Sentosa Cove For Sale by City Developments At a Steep Discount

Cityview Place Holdings, a subsidiary of the renowned property developer City Developments Ltd (CDL), is set to make a significant splash in the real estate market this month. With 58 meticulously curated units up for grabs, The Residences at W Singapore Sentosa Cove presents an enticing opportunity for both homebuyers and investors alike.

A spokesperson from Cityview Place Holdings has described these units as "specially curated" and offered at an "attractive price for a limited period." Starting at S$2.1 million for a two-bedroom unit and going up to S$3.5 million for a four-bedroom unit, these prices reflect a compelling investment proposition, particularly given the recent surge in interest and sales activity within Sentosa Cove properties.

Situated in District 4 of the prime Core Central Region, this 99-year leasehold luxury development, developed by CDL, occupies approximately 250,000 square feet of land. With a lease that began in 2006, there remains around 80 years of leasehold tenure, ensuring long-term stability for potential buyers. The project comprises 228 residential units and was completed in 2011.

According to The Residences at W Singapore Sentosa Cove rental transactions, most units within the development were leased between 2011 and 2024, with rents ranging from S$4.49 to S$6.97 per square foot per month. However, with this upcoming sales round, prospective buyers have the opportunity to own their slice of luxury living in Sentosa Cove.

In this sale, two-bedroom units spanning 1,227 square feet will start at S$2.1 million, offering a competitive price per square foot. Larger three and four-bedroom units are also available, catering to diverse lifestyle preferences. Additionally, select five-bedroom penthouse units will be on offer, providing unparalleled luxury living experiences.

The Residences at W Singapore Sentosa Cove - Price List

2 bedrooms (1,227 sqft) from $2.10M or $1,726 PSF.
3 bedrooms (1,625 sqft) from $2.687M or $1,648 PSF.
4 bedrooms (2,067 sqft) from $3.488M or $1,687 PSF.

Comparing recent transaction data reveals the attractiveness of this offering. While just 20 units were sold since April 2010, with prices ranging between S$3.5 million and S$6.6 million, the current pricing for the 58 units represents a significant opportunity. The median unit price stands at S$2,810 per square foot, around 40% higher than CDL's current offering.

Recent resale transactions further underscore the potential for value appreciation. A 1,259 square foot unit transacted at S$2.2 million in September 2023, demonstrating a substantial price increase from its original sale price in 2010. Additionally, URA Realis figures indicate a favorable pricing trend, with median unit prices for condominiums in the Southern Islands at S$1,999 per square foot.

The Residences at W Singapore Sentosa Cove is part of CDL's upscale integrated development, Quayside Collection, comprising the renowned W Singapore-Sentosa Cove hotel and the vibrant F&B and retail hub, Quayside Isle. CDL's strategic moves, including a club deal with Blackstone and CIMB Bank in 2014 and the acquisition of full control of W Singapore-Sentosa Cove and Quayside Isle in 2019, demonstrate a commitment to capitalizing on Sentosa's transformation.

How to book an appointment to view and book The Residences at W Singapore Sentosa Cove?

With viewings for the 58 units scheduled from April 10 to April 14 and sales bookings commencing on April 15, now is the opportune moment to secure a stake in this prestigious oceanfront development. Don't miss out on the chance to own a piece of luxury living in Sentosa Cove and be part of its promising future.

Contact Propertyforsale at 98896968 to enquire on The Residences at W Singapore Sentosa Cove

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