Asia's mini-Monaco by 2015?

STB to put out feelers for interest in developing the Southern Islands into an exclusive yet accessible resort, third IR unlikely

By Tor Ching Li

According to documents obtained by Today from a Singapore Tourism Board (STB) presentation, the tourism body is planning to launch a Request For Concepts (RFC) for the cluster of seven islands by the first quarter of this year, and a Request For Proposals by the second quarter of the year.

The Southern Islands resort and residential development should be completed by 2015, in line with Singapore's tourism vision to develop the southern waterfront into a lifestyle resort attraction.

Said a property analyst familiar with the process: "If the net worth of Sentosa Cove residents is between $50 million and $100 million, the net worth of the Southern Island residents will be into the billions."

The desired outcome of the process is to develop the currently rustic Southern Islands — Kusu, Sister's, Lazarus, St John's, Tekukor, Kias and Rengat — into an "aspirational getaway destination" that will enhance Singapore's reputation as a premium destination for leisure and business visitors, said an industry source.

The Government is willing to consider the development of up to 400 units on the 115.6 ha site, with 100 of these in an exclusive resort, and the remaining 300 as residential plots, he added.

Full story

Learn more about our Southern Islands
-------------------------------------
Our City Reefs: Uniquely Singapore and the value and not just the price of our reefs

Come for Ria's Woodlands Library talk on 27 Jan (Sat) 3-4pm to learn more about our reefs