With Singapore as an island-state, there is no better place for luxury living than on the waterfront. Prices for super-prime luxury real estate fell 4.5 per cent in 2011 and a further two per cent this year, making 2012 an ideal time to snap up an upmarket property before prices swing upwards again.
And with the densest population of wealthy households in the world, it is not surprising that Singapore boasts some of the most fabulous waterfront properties out there on the market. Each of these luxury residences offers an extensive array of services and facilities that are sure to keep any HNW (high net-worth) individual happy.
We take a look at the three most investment-worthy waterfront properties, and how much they are priced at now.
Waterfront living go hand in hand with waterfront dining -- we check out the best waterfront bars in Singapore.
Seascape at Sentosa Cove
Seascape is located at the exclusive Sentosa Cove, and is just four minutes away from Vivocity and the CBD. In addition to the breathtaking views of the Singapore harbour, residents also enjoy full resort facilities such as forest pool, ocean terraces, sky pool and palm garden.
Price tag: S$5.8 million for 2164 square feet three-bedroom apartment.
Seascape, Sentosa Cove, 57 Cove Way
Reflections at Keppel Bay
The attention-grabbing exterior design of Reflections at Keppel Bay can be credited to award-winning architect Daniel Libeskind. Besides an intriguing exterior, Reflections at Keppel Bay also boasts an extensive 750-m shoreline, and homes here open up to panoramic views of the bay, golf course, parks and Mount Faber. It sports too, an Olympic-sized pool and a double-storey clubhouse, in addition to the usual condominium facilities.
Price tag: S$5.3 million for a 2207 square feet three-bedroom apartment
Reflections at Keppel Bay, 9 Keppel Bay View
The Sail @ Marina Bay
Located at the heart of Singapore’s CBD, the Sail @ Marina Bay offers a stunning 360-degree view of the city and is one of the tallest residential buildings in the world. Thanks to its central location, commute is a breeze if you're working in the nearby offices, and there is no lack of amenties, especially dining locations in the nearby One Fullerton, Customs House Pavillion and Marina Bay Sands areas. Of course, the Sail’s full resort facilities means residents look forward to coming home every day.
Price tag: S$3.2 million for a 1,184 square feet three-bedroom apartment
This article is contributed by Harn Ho. Harn Ho is a Property Analyst providing Data Trend Analysis and Economist Real Estate Insights. She has worked with several international strategic consultancies and is frequently quoted in the media on her views on overseas property investment. She has a MSc Economics (Honours) from Northern Illinois University, and has held a research fellowship at the American Institute for Economic Research. Harn currently writes for Asia Property News. For enquiries, please contact her at harn@voltaireconsulting.com.