Tropical paradise

PUBLISHED : Friday, 15 May, 2009, 12:00am
UPDATED : Friday, 15 May, 2009, 12:00am

A tropical rainforest island, situated on the southern precinct of Sentosa Cove, will soon be home to 18 unique villas designed by world-renowned Italian architect Claudio Silvestrin.

Sandy Island, developed by YTL, offers 'privacy and exclusivity' to owners. It is close to a world-class marina, two championship golf courses and the soon-to-open Resorts World casino-integrated resort. It will be completed in 2012.

Each of the 18 villas targets ultra-high-net-worth individuals and will sell from a starting price of S$13.9 million (HK$72 million). They vary in size from about 7,500 to 9,200 sqft and include open atrium spaces, and living and dining spaces that are open to the waterfront.

'The highlights of the five-bedroom villas include a dramatic living area facing the waterfront, a master suite that occupies the entire second floor, a home theatre, wine cellar, swimming pool and private berth for a boat of up to 12 metres,' says Kemmy Tam, director of international real estate at YTL Singapore.

Private car and passenger lifts at the villas add to the exclusive touch, while all villas are furnished with European brands. Each villa is named after an Italian master of art and architecture, such as Villa Leonardo and Villa Michelangelo.

'Sandy Island appeals to international buyers who appreciate the long-term value of the property from all three aspects of investment, holiday home and a place to live,' Ms Tam says.

One of the major draws of buying property in Sentosa Cove is that it is the only residential area in Singapore where foreigners are able to own ground-floor properties.

Once the property has been bought, owners are also eligible to apply for permanent residency in Singapore. However, foreign investors are still limited to owning not more than one restricted property in Singapore and must occupy the villas themselves.

'Payment for the villas will be collected progressively over a period of up to three years according to the construction stages of the villas,' Ms Tam says. 'Overseas buyers have options to undertake loans from financial institutions in Singapore to support the payments.'

Sandy Island is YTL's first property in Singapore. Each of the villas will be distinct in design, and designed to be both functional and aesthetically pleasing.

Landscaping for the island is being designed by Jamie Durie, an Australian celebrity landscape artist who is a regular on the Oprah Winfrey Show.