MEDIA RELEASE

Sentosa Cove awards its Waterfront Collection to Ho Bee at new benchmark of $918.92psf

SINGAPORE , 21 December 2006 – Sentosa Cove has awarded its Waterfront Collection condominium site to Ho Bee Investments on Wednesday, 13 December 2006 , at one of the most keenly contested tender exercises which attracted a total of five bids.

The Waterfront Collection – the first condominium parcel at Sentosa Cove's Southern Precinct – was sold at $181,200,000, equating to $918.92psf per plot ratio.

Situated right at the water's edge, the Waterfront Collection is the only waterway-facing condominium site left in Sentosa Cove.

The land parcel, which sits on a sprawling 119,508.4 sq ft site, can be build up to six storeys high and yield a maximum of 117 units.

With this latest award, Sentosa Cove will have sold 75 per cent of its total land area in total.

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