MEDIA RELEASE

Sentosa Cove awards its Marina Collection to Lippo at new benchmark of $817.66psf

SINGAPORE, 10 October 2006 – Sentosa Cove has awarded its Marina Collection condominium site to Lippo Global Assets Limited on Friday, 6 October 2006, at one of the most keenly contested tender exercises which attracted a total of seven bids.

The marina-facing condominium land parcel was sold at $234,701,103 equating to $817.66 psf per plot ratio.

Situated right at the water’s edge and within the vibrant hub of Sentosa Cove’s quayside community, the Marina Collection is the only residential site fronting the marina. It will be developed into luxury waterfront residences.  

The land parcel, which sits on a sprawling 22,222.2sqm site, can be build up to four storeys high and yield a maximum of 170 units.

The land parcel is linked along the waterfront promenade to Oneo 15 Marina Club, Sentosa Cove’s Integrated Arrival Plaza and the recently awarded Quayside Isle, offering a wide array of specialty retail shops, restaurants, SOHO office suites as well as a luxurious five-star Starwood Westin Hotel. 

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