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Turquoise

by Ho Bee Land
πŸ“ 51, 53, 55 Cove Drive
NOW SELLING CCR Condominium 99-year Leasehold 1/91 units left TOP 2010 ⚑ High Exclusivity: Only 1 of 91 units remaining πŸ‘¨β€πŸ‘©β€πŸ‘§β€πŸ‘¦ Family-Centric Layout
Indicative Starting From
From $3,000,000
Indicative launch estimate · Subject to confirmation
99-year LeaseholdTenure
2010TOP Year
91 UnitsTotal
99% Sold1 Left
91 Lots (1:1)Car Park Lots

πŸ“Š Land Economics & Sales Performance

GLS land tender valuation and current sales take-up for Turquoise.

Land Rate (GLS)
99-Year Leasehold
Developer acquisition cost
Current Status
NOW SELLING
Officially Launched & Available
Sales Progress
99% Sold (1 units left)
Based on developer inventory & URA caveats
Pricing Benchmark
$1,507 PSF
Transacted URA Caveats Benchmark
CondoWatch Intelβ„’

Independent Investment & Valuation Analysis

Objective algorithmic evaluation grounded in transacted URA caveats and land economics.

ANALYST VERDICT

Turquoise offers a rare freehold-like living experience on Sentosa Cove with spacious family-oriented units, but its 99-year leasehold tenure, lack of MRT and primary school access, and high entry price point present significant investment risks. The recent transaction PSF of $1,507 suggests some value relative to the initial launch, but potential buyers should weigh the limited exit liquidity and reliance on the Sentosa Cove lifestyle appeal.

βœ“ Key Strengths & Upside
  • β€’ Family-oriented unit mix (100% 3BR/4BR/Penthouse) with large formats (avg $1,507 PSF) appeals to owner-occupiers seeking space in a resort setting.
  • β€’ Recent transactions range from $1,222 to $1,720 PSF, with an average of $1,507 PSF, indicating potential entry below the peak of $1,720 PSF.
  • β€’ Proximity to daily necessities: Cold Storage supermarkets within 614m and 802m provide convenience for residents.
  • β€’ Full condo facilities including pool, gym, and clubhouse enhance lifestyle appeal for families.
! Prudent Risks & Watch-Outs
  • β€’ No MRT station within 2.5km and no primary schools within 2km, severely limiting public transport connectivity and school accessibility for families.
  • β€’ 99-year leasehold tenure with TOP in 2010 means the lease has about 85 years remaining, which may deter buyers concerned about lease decay and future financing.
  • β€’ High entry price quantum ($3M to $12M) and only 1 unit remaining out of 91 (99% sold) suggest limited immediate availability and potential resale competition from existing owners.
  • β€’ Dependence on Sentosa Cove's exclusive but niche market, with retail hubs like VivoCity (2.9km) and Sentosa Boardwalk (2.3km) not within walking distance, reducing everyday convenience.
Ideal Buyer Profile

Wealthy families or investors seeking a spacious resort-style home on Sentosa Cove, prioritizing lifestyle and privacy over urban convenience and school proximity, with a long-term holding period of at least 10 years.

Exit Strategy & TOP Horizon

Resale liquidity may be constrained due to the leasehold tenure, lack of MRT and schools, and the niche Sentosa Cove location, appealing mainly to affluent buyers or expatriates. Rental demand could be supported by the family-oriented layout and proximity to Sentosa's attractions, but yields may be moderate given the high price quantum. Capital preservation is uncertain; while the leasehold decay is a concern, the limited supply and unique waterfront lifestyle may provide some downside buffer if held long-term.

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Quick Take

  • Turquoise trades at $1,507psf, 18% below the D04 average of $1,849psf.
  • πŸ›οΈ Sentosa Boardwalk is the nearest mall, 2300m away.
  • Best suited to own-stay families needing space; buyers wanting exclusivity in a tightly-held development.

⚑ High Exclusivity

Only 1 of 91 units remaining.

99% Sold

Based on the latest developer sales balance update.

Turquoise Unit Mix & Indicative Pricing

Based on transacted URA caveats for this project β€” not an official developer price list.

TypeSizeTransactionsAvg PSFAvg Price
Penthouse 2088 sqft 2 $1,515 $3,164,075
Penthouse 2099 sqft 1 $1,499 $3,145,820
PenthouseMost traded 2142 sqft 3 $1,450 $3,106,677
Penthouse 2153 sqft 1 $1,603 $3,450,000
Penthouse 2164 sqft 3 $1,481 $3,204,103
Penthouse 2174 sqft 1 $1,449 $3,150,000
Penthouse 2314 sqft 1 $1,512 $3,500,000
Penthouse 2400 sqft 2 $1,531 $3,673,780
Penthouse 2411 sqft 3 $1,462 $3,525,953
Penthouse 2422 sqft 2 $1,702 $4,121,875
Penthouse 2433 sqft 1 $1,714 $4,169,770
Penthouse 2497 sqft 2 $1,312 $3,275,500
Penthouse 2562 sqft 2 $1,600 $4,098,500
Penthouse 2573 sqft 1 $1,322 $3,399,680
Penthouse 2680 sqft 2 $1,720 $4,609,700
Penthouse 3035 sqft 1 $1,532 $4,650,000
Penthouse 3122 sqft 1 $1,425 $4,448,210
Penthouse 3283 sqft 1 $1,410 $4,630,000
Penthouse 6900 sqft 1 $1,304 $9,000,000
Penthouse 7987 sqft 1 $1,502 $12,000,000

πŸ‘¨β€πŸ‘©β€πŸ‘§β€πŸ‘¦ Family-Centric Layout

100% of transacted units are 3-Bedroom or larger.

  • Penthouse100%

Based on transacted URA caveats for this project.

Turquoise Location, Transit & Neighbourhood Amenities

Nearby MRT Stations

  • Resorts World - Universal Studio & Casino
  • One degree 15 Marina Club
  • Sentosa Golf and Country Club
  • Harbourfront MRT
  • Sentosa Cove to Harbourfront Centre
  • Arrival Plaza, Sentosa Cove
  • Quayside Isle, Sentosa Cove (U/C)
  • Vivo City
  • Harbourfront Mall

Nearby Malls

  • Sentosa Boardwalk2300m
  • VivoCity2905m

Supermarkets

  • Cold Storage614m
  • Cold Storage802m

Straight-line distances, sourced from OneMap. Approximate β€” actual walking routes may differ.

Turquoise Master Plan & Location Map

Turquoise and MRT stations within walking distance.

Turquoise Mortgage & Affordability Calculator

Indicative monthly instalment β€” adjust the rate to match your bank's package.

Max 75% for a first housing loan, tenure ≀30yr not past age 65.
Indicative only β€” actual rates depend on lender, profile and TDSR.
Estimated Monthly Instalment
S$ 0
Loan: β€”
Down payment: β€”
Estimates only. Down payment shown as total β€” cash vs CPF split varies. Consult a mortgage advisor for binding figures.

Stamp Duty & Affordability

Indicative BSD/ABSD payable and a TDSR affordability check.

Car loans, personal loans, other mortgages, credit card min. sums, etc.
Buyer's Stamp Duty (BSD)
S$ 0
Additional Buyer's Stamp Duty (ABSD)
S$ 0
Total stamp duty: β€”
TDSR: β€”
β€”
Indicative only, based on IRAS BSD/ABSD rates and MAS's 55% TDSR threshold. Actual duties/eligibility depend on your full financial profile β€” consult a conveyancing lawyer or mortgage advisor.

Turquoise URA Transaction History & PSF Trends

Caveat transactions filed with URA for this project.

Avg PSF by Floor Level

Low Floor (1–5)
$1,520 psf
28 txns
Mid Floor (6–15)
$1,411 psf
4 txns
Date Floor Size (sqft) Size (sqm) Price PSF PSM Type Sale
Dec-25 06-10 7987 742 $12,000,000 $1,502 $16,173 Strata Resale
Sep-25 01-05 2400 223 $3,298,000 $1,374 $14,789 Strata Resale
Sep-25 01-05 2562 238 $3,800,000 $1,483 $15,966 Strata Resale
Aug-25 01-05 2088 194 $3,100,000 $1,485 $15,979 Strata Resale
Jun-25 01-05 2497 232 $3,500,000 $1,402 $15,086 Strata Resale
May-25 01-05 2497 232 $3,051,000 $1,222 $13,151 Strata Resale
Oct-24 06-10 6900 641 $9,000,000 $1,304 $14,041 Strata Resale
May-24 01-05 2314 215 $3,500,000 $1,512 $16,279 Strata Resale
May-24 01-05 2562 238 $4,397,000 $1,716 $18,475 Strata Resale
Jan-24 01-05 2164 201 $3,000,000 $1,387 $14,925 Strata Resale
Dec-23 01-05 2164 201 $3,380,000 $1,562 $16,816 Strata Resale
Oct-23 01-05 2680 249 $4,610,000 $1,720 $18,514 Strata Resale
Feb-23 01-05 2174 202 $3,150,000 $1,449 $15,594 Strata Resale
Jan-23 01-05 2680 249 $4,609,400 $1,720 $18,512 Strata Resale
Dec-22 06-10 3283 305 $4,630,000 $1,410 $15,180 Strata Resale
Oct-22 01-05 2573 239 $3,399,680 $1,322 $14,225 Strata Resale
Oct-22 01-05 2422 225 $4,115,830 $1,699 $18,293 Strata Resale
Sep-22 01-05 2164 201 $3,232,310 $1,494 $16,081 Strata Resale
Aug-22 01-05 3035 282 $4,650,000 $1,532 $16,489 Strata Resale
May-22 01-05 2411 224 $4,068,160 $1,687 $18,161 Strata Resale
Apr-22 01-05 2400 223 $4,049,560 $1,687 $18,159 Strata Resale
Apr-22 01-05 2411 224 $3,254,850 $1,350 $14,531 Strata Resale
Mar-22 01-05 2411 224 $3,254,850 $1,350 $14,531 Strata Resale
Mar-22 01-05 2422 225 $4,127,920 $1,704 $18,346 Strata Resale
Feb-22 06-10 3122 290 $4,448,210 $1,425 $15,339 Strata Resale
Jan-22 01-05 2142 199 $3,108,150 $1,451 $15,619 Strata Resale
Jan-22 01-05 2433 226 $4,169,770 $1,714 $18,450 Strata Resale
Jan-22 01-05 2142 199 $3,071,880 $1,434 $15,437 Strata Resale
Dec-21 01-05 2153 200 $3,450,000 $1,603 $17,250 Strata Resale
Nov-21 01-05 2099 195 $3,145,820 $1,499 $16,132 Strata Resale
Nov-21 01-05 2142 199 $3,140,000 $1,466 $15,779 Strata Resale
Oct-21 01-05 2088 194 $3,228,150 $1,546 $16,640 Strata Resale
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Frequently Asked Questions about Turquoise

Key facts, pricing benchmarks, closest MRT connectivity, and Primary 1 school registration details.

What is the price and average PSF of Turquoise?

Units at Turquoise have indicative prices starting from From $3,000,000, with transacted URA caveats averaging $1,507 PSF. Official prices vary depending on stack, floor level, and layout configuration.

What is the tenure and estimated TOP date for Turquoise?

Turquoise is a 99-year Leasehold Condo development with an estimated Temporary Occupation Permit (TOP) date of 2010.

Who is the developer of Turquoise?

Turquoise is developed by Ho Bee Land.

Are there primary schools within 1km of Turquoise?

There are currently no primary schools within 1km of Turquoise. However, multiple primary schools are situated within the 1–2km supplementary zone.

Where can I get the official floor plans and e-brochure for Turquoise?

You can download the official floor plans, unit mix breakdown, and developer e-brochure directly on CondoWatch.sg via the E-Brochure request form.

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