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Thread: Seven Palms (D4, 99 years leasehold, SC Global)

  1. #61
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    Quote Originally Posted by jlrx
    Reporter is a bit slow this time ...

    The Sail @ Marina #61-04 at 2, Marina Boulevard

    Transacted on 18/09/2009

    936 sf @ $2,850 psf for $2,667,600

    Originally bought on 24/11/2004

    936 sf @ $1,051 psf for $983,340
    Err ... wait till your cousin from above (i.e. the North) pay you a visit at Sandy Island?

    He may find them dirt-cheap when compared with $20,000-psf or $13,000-psf units up North and will just grab them and set a new Sentosa record?

    Quote Originally Posted by blackjack21trader
    "... this is a real case, hv encountered many mainland chinese in Sandy Island. They are not shock when i told them that the villas cost at least $15mil or $200psf up. the only comment is villa not big enough. they want something bigger! ..."


    Don't worry, in a few month's time, I think they will want to grab anything big or small. Just follow on with them gently, but don't press them. These people do not like to feel pressured or hard selling. Keep the connection with them by talking about other topics rather the villas. Just my 2 cents. You know, last year before Sheldon raised the billions for LVS through private placement. He actually made a trip here to assure us that LVS is sound and well. He stopped short of boasting his connection with the elites as he does not want to appear arrogant. That is how important he view the Singapore project. That time, many thought he Kia-Si. But who expected his straight FLUSH a few days later?! I think this guy will be a true great marketer for Singapore after his baby is completed here. Who is more effective in convincing the elites about the Singapore story, through Sheldon's mouth directly or through our media ? I mean, you can scream in their ears how great Singapore is, they will not be moved unless they hear it from within their own circle.

  2. #62
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    Richard Li eyeing Singapore as home for family
    The Straits Times
    Hong Kong
    Friday, 16 October 2009



    Hong Kong tycoon Richard Li is planning to settle his girlfriend Isabella Leong and their newborn son Ethan in Singapore, according to newspaper Apple Daily.

    Last week, he said mother and child, born in April, would temporarily live in North America to avoid media scrutiny.

    On Sunday, he reportedly flew from Hong Kong to San Francisco to see them.

    Without naming sources, Apple yesterday said Li thinks Singapore is more convenient than the US for him to visit Leong and Ethan, or even for the whole family to eventually live in.

    Hong Kong is out as it is crawling with paparazzi.

    Under his plan, Leong, an actress, will be a full-time mother in Singapore as he wants the best care for their son in his first 10 years of life.

    Li is chairman of Singapore-listed Pacific Century Regional Developments, whose main businesses include insurance, hotel and property investment and development.

    He would not be the first East Asian celebrity to eye Singapore as a home.
    Actor Jet Li moved his two daughters and wife, Nina, to Singapore in 2007 for his children's education and actress Gong Li became a citizen last year.

  3. #63
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    Actually.. I'm not sure they made the right move coming here for the education system or the environment..

    They might dull the kid.. and become one of the singaporeans....gosh..

  4. #64

    Default don't be like that lah

    Quote Originally Posted by focus
    Actually.. I'm not sure they made the right move coming here for the education system or the environment..

    They might dull the kid.. and become one of the singaporeans....gosh..
    Singaporean should be so negative about singapore lah... Try to look on the bright side esp when these people think our country's worth moving to when they can go anywhere else in the world.

  5. #65
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    i doubt his kid will go thru the local edu system lah, prob like the other expats will send the kd to an intl sch. even if local school system will go for acjs/acsi ib type which is far different from typical local standards

  6. #66
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    Quote Originally Posted by focus
    Actually.. I'm not sure they made the right move coming here for the education system or the environment..

    They might dull the kid.. and become one of the singaporeans....gosh..
    Maybe the Singaporeans you have encountered so far are the dull ones?

    Like any race in the world, there will be some dull ones among the race and some exciting one among it?

    Maybe some Singaporeans are so attractive that others like to get engaged to?

    Quote Originally Posted by Diva

    Chinese actress Vicky Zhao Wei to marry a Singaporean businessman
    Diva
    Wednesday, 23 September 2009



    Vicky Zhao Wei is said to be marrying a Singaporean businessman, known as Marco, at the end of the year. The Shin Min Daily News quoted Hong Kong reports that it was singer Faye Wong who brought the couple together, when she introduced the pair to each other at a night club in Beijing.

    The two are said to have dated for two years. During that time, Marco has already proposed to Vicky twice. The couple have remained low-key about their relationship as Marco is not industry insider. He is said to be a businessman who is about Vicky's age, and owns two top night clubs in Singapore. The pair hit it off very well after being introduced by Faye, and passion quickly sparked between the two.

    The couple's families approve of the relationship and they will be married in a low-profile ceremony at a secret location in Singapore later this year.

    Marco's first proposal received a refusal from the actress, as she had work commitments. However, she said yes to him when he asked her again in a second proposal which took place two months ago.

    However, Vicky's spokesperson Chen Rong has denied that the marriage will take place, and also denied any knowledge of Marco. When Hong Kong reporters asked if Faye Wong was the matchmaker for the couple, the spokesperson said: "These are personal matters, let's not discuss it. It's not important who introduced the couple to each other."

    But at a promotional activity held at the beginning of the month for her movie "Hua Mulan", Vicky admitted that she already had someone in mind as a marriage partner when she was asked about it by a reporter, although she declined to elaborate on further details.

    Before Vicky met Marco, Apple Daily reported that the actress was spotted holding hands with musician Li Quan, 37, at the opening of fashion store H&M in Shanghai in 2007. Up to two months before the photo was captured, it was still known to the media that she was dating Chinese table-tennis star Wang Liqin.

  7. #67
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    Ok.. Maybe it's not a good idea to say unsubstantiated views like mine on the forum.

  8. #68
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    Quote Originally Posted by gfoo
    i doubt his kid will go thru the local edu system lah, prob like the other expats will send the kd to an intl sch. even if local school system will go for acjs/acsi ib type which is far different from typical local standards
    They will most likely go to schools like the Singapore American School where there is a $300,000 "booking fee" plus $25,500 per year school fees.

  9. #69

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    Quote Originally Posted by jlrx
    They will most likely go to schools like the Singapore American School where there is a $300,000 "booking fee" plus $25,500 per year school fees.
    Guess all parents are e same

  10. #70
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    Quote Originally Posted by tericia
    Singaporean shouldn't be so negative about singapore lah... Try to look on the bright side esp when these people think our country's worth moving to when they can go anywhere else in the world.
    Agree.
    Perhaps Beyonce is one example of an American?

    ... but which penthouse are they eyeing on? Who knows?

    Quote Originally Posted by maisonjai
    quoted from Today papers 2 Sep (pg 48)





    Is she crazy in love with S’pore?


    BEYONCE will be headlining the inaugural

    F1 Rocks here later this month and, if unconfirmed
    web rumours are to be believed, she
    might not be checking into a snazzy hotel —
    try a snazzy Marina Bay penthouse instead.
    The cyber buzz is that the
    Crazy In Love


    singer and her rapper husband Jay-Z have
    their eye on a US$8-million ($11.5 million)
    penthouse with a “360-degree view of the
    city and the sea”.
    Website
    zimbio.com quoted a source


    as saying: “Beyonce and Jay-Z love Singapore
    and don’t want to just stay at
    a hotel while they are there. Some of
    the apartments they’ve seen have been
    fantastic but their favourite is the one of


    the stunning views.”

    can keep the towels she used & sell on ebay

  11. #71
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    Slowly, Foreign Buyers Drift Back Into Singapore
    Sonia Kolesinkov-Jessop
    The New York Times
    Singapore
    Thursday, 5 November 2009

    After 5 consecutive quarters of decline in Singapore’s property market, the luxury segment is starting to improve, partly helped by the slow reappearance of foreign buyers.

    According to statistics from the island-state’s Urban Redevelopment Authority, the overall residential property market has seen its shortest downturn in the past 18 years, with only four quarters of price declines before the official private home price index posted a spectacular 15.8% quarter-on-quarter jump in the third quarter this year.

    Singapore’s government, startled by the sharp uptick, worried that a property bubble was forming and, in September, they discontinued a system that allowed buyers to defer the bulk of payment on apartments until the properties were complete. It also announced that next year it would resume land sales for development.

    The sales rebound primarily has been driven by mass-market and mid-tier properties, but a few recent transactions indicate the high-end luxury sector also has started to pick up.

    “With the financial crisis, developers saw potential with affordability and launched more projects at that level, with smaller-size flats to keep prices low. As a result, the mass market has really been driving this market recovery in the last few quarters,” said Chua Yang Liang, head of research for Southeast Asia at the Jones Lang LaSalle real estate agency.

    “It’s only just recently with the improvements in regional economies that we’re seeing more developers releasing projects for the high end of the market.”

    According to an analysis by CB Richard Ellis real estate, the number of apartments priced at more than S$4 million, or US$2.86 million, that changed hands totaled 210 in the third quarter of 2009, 87 in the second quarter and just 15 in the first quarter.

    This compares with 280 in all of 2008 and 1,740 in 2007, at the peak of the market. A sales price record was achieved recently by SC Global Developments, which sold 6 homes at its 41-unit Seven Palms Sentosa Cove project for an average price of S$11 million, ranging from S$3,100 to S$3,400 psf for the 3- or 4-bedroom units.

    Previously, the highest median price for a condominium on Sentosa was S$2,734 psf in late 2007.

    The upscale Seven Palms project, the only beachfront residence of its kind in Singapore, is being built on Sentosa island, where a resort casino and Universal Studios theme park is scheduled to open early next year. The Seven Palms residences are being sold with 99-year leaseholds on the land, and are expected to be completed in December 2013.

    Singaporeans are said to have bought 2 of the units, with the other 4 going to foreigners who are permanent residents of the city-state.
    The Alba, another new upmarket development but in the more suburban central district, has sold 12 of the 18 available units, with prices averaging S$2,100 to S$2,500 psf for freehold units of 1,852 to 2,250 sqft, or 172 to 209 sqm.

    Luxury projects delayed in the wake of the global downturn include the Marina Bay Suites, near the Marina Bay Sands, the other casino resort due to open next year and the 228-unit Quayside Isle Collection, also on Sentosa.

    “Currently, we are seeing an increasing number of enquiries and interest in the luxury market as compared to three months ago,” said Tan Bee Kim, director of Wheelock Properties Singapore. The group is planning early next year to introduce Orchard View, a project in which each of the 30 4-bedroom condominiums will occupy an entire floor. Ms. Tan said the company has been receiving enquiries from locals and foreigners alike about the development.

    Ong Choon Fah, executive director of the property consultant DTZ Debenham Tie Leung, believes developers are not yet in a hurry to release new high-end condominiums — but she expects that will change next year when the two casinos under construction, referred to locally as IR, or Integrated Resorts, will open. “This should help boost property prices, especially in the high end,” said Ms. Ong, estimating that luxury prices could rise as much as 10%.

  12. #72
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    Quote Originally Posted by mr funny
    http://www.businesstimes.com.sg/sub/...45540,00.html?

    Published October 7, 2009

    Seven Palms smashes price records at Sentosa Cove

    SC Global sells units at $3,100-$3,400 psf at the exclusive 4-storey project

    By KALPANA RASHIWALA


    (SINGAPORE) Upmarket developer SC Global Developments is said to have sold 6 units at its Seven Palms at Sentosa Cove condo at between $3,100 psf and $3,400 psf - record prices for the upscale waterfront housing district.

    ..........
    ..........
    Oh well! How things can change!
    Just a month and this piece of news is invalid now.

    The 7 Coconut Trees have set a new record of $3,429 psf!

    Strange! There are only 7 trees. I thought 100 trees would provide more value-for-money - 17 times more trees? Maybe the buyer didn't bring along his calculator?

    Quote Originally Posted by URA
    Private Residential Units Sold in the Month of October 2009

    Project Name ................... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
    Seven Palms Sentosa Cove . CCR ......... 7 .............................. 1 ................................
    3,429 ............ 3,429 ............ 3,429
    Quote Originally Posted by URA
    Private Residential Units Sold in the Month of September 2009

    Project Name ................... Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
    Seven Palms Sentosa Cove . CCR ......... 6 .............................. 6 ................................
    3,353 ............
    3,273 ............. 3,091

  13. #73
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    Seven Palms didn't managed to break its hïgh of $3,429 psf set in October 2009.


    Private Residential Units Sold in the Month of February 2010
    Project Name ................ Locality . Units Sold To Date . Units Sold In Month . Highest $psf . Median $psf . Lowest $psf
    Seven Palms Sentosa Cove .CCR ....... 9 .......................... 1 ........................... 3,318 ............ 3,318 ........... 3,318

  14. #74

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    http://www.straitstimes.com/archive/...-285m-20141204

    Sentosa Cove homes sell for record $28.5m

    Published on Dec 4, 2014 1:07 AM


    An artist's impression of the Seven Palms condominium at Sentosa Cove - the only beachfront luxury development here. -- PHOTO: SC GLOBAL DEVELOPMENTS

    By Rennie Whang


    TWO Sentosa Cove condo units have been sold at $4,131 per sq ft (psf) in a record price for the island, said the Singapore Real Estate Exchange (SRX).

    Spanish tycoon Ricardo Portabella Peralta is thought to be the buyer of two adjacent units, for a total of $28.55 million, at Seven Palms Sentosa Cove. Mr Peralta is chief executive of Luxembourg-based investment holding firm Ventos SA, and is a board member of Danone Spain.

    Going by caveats lodged, 12 units have been sold at the 41-unit Seven Palms. Developer SC Global declined to comment.

    The sales are good news for the island, quelling some concerns that prices there have been in freefall, said Savills Singapore research head Alan Cheong.

    For example, two units at luxury condominium Turquoise in Sentosa Cove were sold at heavy losses by private treaty for $3.88 million and $4.026 million in July, or about $1,400 psf. They had been bought in 2009 for about $2,550 psf and were put up for sale by their mortgagees, understood to be DBS Bank.

    Transactions have also been thinning. Just four Sentosa bungalows were sold in the first 11 months of this year, down from 18 last year.

    But Seven Palms may have bucked this trend owing to the exclusivity of being the only beachfront luxury development here, said Newsman Realty associate director Steve Tay.

    "Demand (for such homes) has been reduced with the Additional Buyer's Stamp Duty measures imposed, but it is a matter of time before it will return, as Sentosa Cove is still the premium residential precinct for discerning ultra-high-net-worth individuals," he said.

    wrennie@sph.com.sg

  15. #75

    Default

    http://www.businesstimes.com.sg/real...osa-cove-units

    Spanish tycoon pays S$4,100-plus psf for pair of Seven Palms Sentosa Cove units

    By Kalpana Rashiwala

    kalpana@sph.com.sg@KalpanaBT

    3 Dec


    THE overall Sentosa Cove condo market may be languishing, but SC Global Developments is understood to have sold two units at its Seven Palms Sentosa Cove at what could be a record price in the waterfront housing district: S$4,100-plus per square foot (psf).

    The overall lump sum works out to S$28.55 million.

    Spanish tycoon Ricardo Portabella Peralta is thought to be the buyer of the two neighbouring units on the third level of the four-storey condo, which is flanked by Tanjong Beach on one side with the adjacent greens of Sentosa Golf Course, and the South China Sea on the other.

    Mr Peralta is chairman of Groupe Ventos and inherited a huge fortune, especially related to Danone Spain.

    Seven Palms Sentosa Cove received the Temporary Occupation Permit in the first quarter of 2013. The low-rise project has only 41 luxuriously appointed beach-house apartments available in three, four and five-bedroom configurations ranging from around 2,700 sq ft to 8,000 sq ft.

    The units picked up by Mr Peralta are believed to be around 3,400-plus sq ft each.

    The project was designed by Kerry Hill Architects, which has designed many of the Aman resorts.

    In 2012, Australian mining tycoon Gina Rinehart was reported to have paid a total of about S$57.2 million for two units at Seven Palms; the price was also thought to have crossed S$4,000 psf, setting a benchmark for Sentosa Cove.

    While the news of Mr Peralta's purchase of the two Seven Palms units is not expected to improve sentiment for Sentosa Cove properties in the short term, "the news will be a good highlight to a very quiet and dismal year for Sentosa Cove", said Century 21 CEO Ku Swee Yong.

    Transactions of condos as well as bungalows on Sentosa Cove have thinned drastically this year. A few months ago, two units in the Turquoise condo, both mortgagee sales, transacted at around S$1,400 psf - a record low since the 2006/2007 luxury housing boom, noted Mr Ku.

    As to why Seven Palms still managed to set a record price, or at least a near-record price, Mr Ku said: "This is the only beachfront condo, and probably the only beachfront residence in Singapore. Morever, SC Global's products have a certain premium. . ."

    The resort-style facilities of the project include concierge service, a Beach Club, 45-metre infinity pool with jacuzzi and barbecue terrace overlooking the sea.

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