W Residences Opens in Singapore

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City Developments Limited (CDL) and Starwood Hotels & Resorts Worldwide (NYSE:HOT) today announced the launch of The Residences at W Singapore Sentosa Cove, a collection of 228 private luxury residences. Nestled amidst the exclusive waterfront residential enclave of Sentosa Cove - Singapore's most prestigious and affluent marina residential community, The Residences at W Singapore is designed to offer an extraordinary lifestyle experience - an "escape within an escape".

In July 2006, Sentosa Cove awarded the coveted marina Quayside site, collectively coined as The Quayside Collection, to CDL, after a rigorous tender process. Uniquely, CDL's win was based not only on price, but other pertinent factors like architectural design, concept, tourism appeal and strengths of the prospective lessee and operator. CDL's winning concept - termed as The Quayside Isle - was envisioned as a tropical marina-oriented lifestyle. The Residences at W Singapore Sentosa Cove will be at the heart of The Quayside Isle, which includes an adjoining 240-room W Singapore Sentosa Cove hotel as well as a unique specialty retail component featuring quaint waterfront restaurants and shops. The integrated development will complete the lifestyle experience for residents on Sentosa Cove and will be an attractive leisure destination for tourists and locals alike.

"The introduction of the W lifestyle will redefine the way we live and play, bringing contemporary luxury waterfront experiences to a new level. It will target an emerging market that craves an integrated lifestyle that is vibrant, exciting and unforgettable, said Mr Kwek Leng Joo, Managing Director of CDL. "We are proud to partner with Starwood Hotels & Resorts Worldwide and to introduce this unique contemporary W lifestyle experience to Sentosa Cove. The W brand is renowned for providing the ultimate in insider access to a world of "Wow", something that cannot be duplicated anywhere else in Singapore. When all the components - the residences, hotel and retail are completed, likely by 2012, it will invigorate Sentosa Cove and we envision the entire marina community to be enliven, making it one of the most compelling destinations in this region to visit."

"We are delighted to introduce the W brand to Singapore, and what a spectacular debut it will be," said Mr. Miguel Ko, President & Chairman of Starwood Hotels & Resorts, Asia Pacific. "The W name is synonymous with providing guests and residents access to the hottest and latest in town, whether entertainment, fashion, cuisine, design or music, and when it is combined with the unique location and concept of this development, there is little doubt that this residential product is one of the most compelling and exciting in the world."

The Residences at W Singapore Sentosa Cove will feature 228 ultra-luxurious residences, ranging from two to four bedrooms along with penthouses, and from 1,227 square feet to 6,297 square feet. The development comprises seven, six-storey blocks with attic. The prices of the residences will range from S$2,500 to S$3,000 per square foot.

The Residences at W Singapore Sentosa Cove will appeal to discriminating homebuyers who are style-conscious, global jet setters and avid trend seekers on the trail of what's next, seeking to be wowed by the finer things in life. This includes everyone from busy executives to international yachtsmen to early retirees with time to luxuriate in Sentosa Cove's culture, cuisine, sun, sea and sand. Residents will also enjoy privileges like special rates to stay at W hotels in Asia Pacific. Apart from enjoying a host of leisure activities on Sentosa Island, residents will also be minutes away from excitement at the newly-opened Resorts World Sentosa and Universal Studios Singapore theme park.

Conceptualized by renowned architectural firm Wimberly Allison Tong & Goo (WATG), discerning homebuyers will experience a sense of "home" unprecedented among luxury properties. All residences will benefit from multiple exposures to spectacular views in many directions. Residents will appreciate the attentive Residential Service, in addition to the Whatever/Whenever ® service offered by the adjoining hotel - W Singapore Sentosa Cove. Whether it be Champagne brunch on a yacht sail to nowhere, an impromptu spot of island hopping, or a tropical barefoot sunset wedding, residents can be assured that the W Talent are dedicated to make their dreams come true. Residents can also sip cocktails on the W viewing deck and enjoy preferred dining reservations and seating at restaurants nearby.

In keeping with CDL's long-standing commitment to environmental best practices, The Residences at W Singapore Sentosa Cove has been designed with environmental sustainability in mind, from optimized orientation to minimize solar heat gain and maximize natural air flow to extensive use of overhangs, balconies and planters to mitigate direct solar exposure. The Residences was awarded the Green Mark Platinum award in 2009, the highest certification awarded for green developments in Singapore, by the Building and Construction Authority.

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