MEDIA RELEASE

SENTOSA COVE LAUNCHES TENDER FOR ITS MARINA
- Singapore's FIRST and ONLY in an integrated resort

Singapore, 16 April 2004 – Sentosa Cove, lauded as one of the most sought-after up-market residential properties in recent years with its unrivalled oceanfront views, has launched the much-awaited public tender for its Marina. This is currently the only yachting and berthing facility in Singapore that is integrated with a residential development.

Besides being the marina closest to the city, the Sentosa Cove Marina is also Singapore's first and only sheltered marina with the ability to berth up to ten 80-metre luxurious mega-yachts. Known to boating enthusiasts as a ‘natural marina', the Sentosa Cove Marina – with a depth of seven metres – is naturally deep by industry standards and has the capability to berth some 240 boats.

The areas included in the tender include the Marina Basin, Marina Club House as well as annexed tennis courts. Prospective tender bidders will be invited to design, build, operate and maintain berthing and marina support facilities for vessels belonging to residents as well as local and overseas guests requiring berthing facilities at Sentosa Cove.

Interested parties also have an option to build and operate a public ferry terminal at the Marina which will serve guests wishing to travel in and out of Sentosa Cove and the Southern Islands via boat.

"This is no ordinary marina that we are creating but an entire community revolving around this leisure boating lifestyle, right at our residences' doorsteps. Once again, this is something that is unique to Sentosa Cove and cannot be easily duplicated," Mr Bernard Kong, CEO of Sentosa Cove said.

"The leisure boating business is a growing one as there are many boating enthusiasts who sail regularly in the vicinity of Phuket and Langkawi. When this new Marina at Sentosa Cove is up and running, Singapore will become a key leisure boating hub as well," Mr Kong added.

Once the tender has been awarded, the operator will have 36 months to complete the building of the Clubhouse and facilities, while the marina must have at least 100 pontoon berths, including 10 for mega-yachts. The remaining pontoon berths must be completed within the subsequent 24 months.

The Sentosa Cove Marina tender documents also stipulate that the marina must be ‘designed, developed and operated to be comparable with highest quality marinas, with a high quality of maintenance and service'. A business plan and development proposal outlining the immediate and future plans of building and marketing the marina by the potential operator is also required. The lease for the marina is 30 years with an option to extend for another three years.

"Many leisure maritime players understand that the Sentosa Cove Marina is naturally blessed with deep waters and a sheltered environment. It will not be a run-of-the-mill marina, but one with the highest standards when it comes to delivering technology and service. Many are therefore excited about this lifestyle product and understand that we are here to work along with them," Mr Kong added.

Sentosa Cove Private Limited – a wholly-owned subsidiary of Sentosa Leisure Group – is responsible for the master planning, infrastructural development, sales and project management of Sentosa Cove. The cost of developing the Marina is estimated at $20 million and Sentosa Cove will be considering both local and international experienced marina operators for the tender.

"Based on Singapore's great location, infrastructure and efficiency, the Sentosa Cove Marina can easily be said to be one of the most desirable in the region. This is the major advantage that Sentosa Cove will have," Mr Darrell Metzger, CEO of Sentosa Leisure Group, said.

"With the more holistic tourism experience that will emerge at our Southern Islands in the coming years, Sentosa Cove and its Marina will put us on the map of residential planning ingenuity, coupled with a brilliant tourism blueprint for Singapore," Mr Metzger added.

For more information, please contact:

Robin Goh
Communications Manager
Sentosa Cove Pte Ltd
Tel: 6279 1776
Fax: 6275 0161
Email: robin_goh@sentosa.com.sg