Word: coves
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Dates: during 2000-2009
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...They're everywhere, these not-so-merry miscreants - in Singapore, in Antarctica, on a desert island, in a secret pirate cove, riding mid-ocean waterfalls (very odd, that bit), exchanging broadsides while being whirled about in a maelstrom. It is very exhausting, and it makes no sense whatsoever. From time to time the action stops dead in order for the actors to sneer and bellow at one another-lots of traditional "Avast me hearties" dialogue, which tends to remind us that Errol Flynn and his hammy crews used to do this sort of thing with more brio and fewer special...
...Then there's what is arguably the capstone of the Sentosa initiative: Sentosa Cove, Singapore's first waterfront property development and also its first gated community. Each of its approximately 600-sq-m lots will soon sport luxury homes costing up to $20 million, each with infinity pools and private boat berths. Mixed in with the single-family homes will be four condominium complexes, a five-star hotel and a megayacht marina...
...government hopes the high-end properties will be purchased by wealthy locals as well as expat residents and overseas investors. To bring in the latter, a new property law was passed last year making Sentosa Cove the first land in Singapore that could be owned by foreign individuals (through 99-year leases) without special government clearance. Previously, foreigners could not easily secure land rights; those wishing to invest were obliged to purchase condominiums...
...Backed by an international marketing campaign, Sentosa Cove homes are nearly sold out-more than half of the buyers are foreigners-and are generating a little bit of buzz that is music to the ears of the city fathers. When Hong Kong housewife and property investor Betty Ling first saw advertisements for Sentosa Cove three years ago, her Singaporean friends warned her "only ghosts live there." But she says she chose to buy in Singapore instead of Bali or Phuket because, "It's an international city and you have all the infrastructure of city life. You can feel safe there...
...Sentosa Cove Developers say they had the French Riviera in mind when they drew up plans for a 117-hectare residential enclave on Sentosa Island. The hoi polloi need not apply. Luxury homes there cost as much as $20 million; residents have access to a yacht marina and a world-class golf course. To attract rich foreigners, Singapore amended its property laws to allow expat buyers to secure 99-year leases on land. The project is part of a wide-ranging plan to upgrade Sentosa Island for tourism...