Yesterday, the SC Global Developments announced that it will release in its Seven Palms Sentosa Cove condo around 10 out of its 41 total flats at $3,300 per sq ft average price. Prices for absolute quantum begin at around $8.5 million per flat.
Recently, the high-class developer has sold six out of the ten flats at an average of $11 million lumpsum price per residence. Prices for the six sold flats range from an approximate of $3,100 per sq ft to $3,400 per sq ft.
In Seven Palms, standard apartments with three to five rooms range from around 2,700 square feet to 6,800 square feet. For penthouses, area covered range between 4,000 square feet and 8,000 square feet. The residences are accommodated in three 4-storey high blocks that are formed around a coconut grove.
In a news release, SC Global explained, ”A huge open-ended portal connects the coconut grove to the beach for physical and visual access. Under this portal is a luxuriously-appointed beach club, complete with storage for water sports equipment, a glass-walled gymnasium, and plenty of deck areas for lounging, yoga, catered events, or just doing nothing.”
The project will be developed in a 99-year leasehold plot bordered by a golf course, South China Sea on one side and the Tanjong Beach on the other side.
”To step out of your residence and walk directly onto the beach is truly unique in urban Singapore. I have spent much time on site over the past year appreciating this unique and rare location and working diligently to create something befitting of this special site,” Simon Cheong, CEO and chairman of SC Global, said.
The name, Seven Palms, is derived from Seven Palms Resort Management, its estate management arm, which has continuously provided resident services to all the completed developments of the group since 2002.