Genting Singapore's expansion plans to develop a new waterfront complex at Resorts World Sentosa (RWS)
"The Waterfront"
Whether you're a thrill-seeker, nature enthusiast, or someone looking for a relaxing getaway, Genting Singapore's Resorts World Sentosa (RWS) offers a wide range of attractions and experiences to cater to various interests.
Genting Singapore just announced its plans on 10 November (Friday) 2023 to transform Sentosa as the number one tourism destination in Asia with S$6.8 billion pumped into its expansion plans to develop a new waterfront complex at Resorts World Sentosa (RWS) - "The Waterfront" is an iconic integrated development comprising approximately 700 hotel rooms and 228,658 square feet of retail shopping and dining space with construction expected to commence next year in 2024. "The Waterfront" will showcase to the world unique “experiential lifestyle content in a captivating blend of biophilic architecture that is designed by award winning firm Benoy” featuring an amazing waterfront sculpture.
In a statement with its financial results for the third quarter of 2023, Genting Singapore said the approved investment would “firmly anchor RWS as the most sought-after tourism destination in Asia, propelling the group’s strong future growth”. The S$6.8 billion will be funded through internal resources and the project has already received provisional government approval.
"The Waterfront" is an iconic new waterfront complex at Resorts World Sentosa (Image - Resorts World Sentosa)
Minion Land, The Forum & Singapore Oceanarium
Genting Singapore also gave updates on the status of its three ongoing projects: the transformation of The Forum shopping area which will feature three levels of experiential retail & multi-dimensional dining set in a "lush natural environment" in RWS, the development of a new Minion Land attraction in Universal Studios Singapore, and the rebranding of SEA Aquarium to the Singapore Oceanarium (SGO) - set to be three times larger than its predecessor comprising of a multi-zone immersive exhibition and a research and learning centre. All three projects are “progressing well”, and are expected to soft-open in early 2025.
Genting Singapore is confident of Singapore's future prospects as it posted a net profit of S$216.3 million for the third quarter ended September which is up 59 per cent from S$135.8 million in the corresponding year-ago period.
The group's revenue was up 33 per cent to S$689.9 million for the quarter, from S$519.7 million a year ago. Of this, revenue from its gaming segment rose 20 per cent on the year to S$459.6 million, while non-gaming revenue jumped 68 per cent to S$230.1 million.
Genting Singapore Group expect its gaming revenue to continue improving, exceeding pre-Covid levels in 2019 for both VIP and mass gaming segments.
Screenshot from Genting Singapore's 38th AGM
Resorts World Sentosa (RWS)
Being one of Asia's popular integrated resort destination, Resorts World Sentosa (RWS) currently offers a variety of attractions and entertainment options. Below are several attractions that are highly reviewed by visitors worldwide:
- Universal Studios Singapore: RWS is home to Universal Studios Singapore, a world-renowned theme park featuring thrilling rides, live shows, and attractions based on popular movies.
- S.E.A. Aquarium: One of the largest aquariums in the world, the S.E.A. Aquarium at RWS allows visitors to explore the fascinating underwater world and witness a diverse range of marine life.
- Adventure Cove Waterpark: If you enjoy water activities, Adventure Cove Waterpark offers exciting water slides, a lazy river, snorkeling with fish, and other aquatic adventures.
- Dolphin Island: Interact with dolphins and learn about marine conservation at Dolphin Island. This attraction provides opportunities for close encounters and educational experiences.
- The Maritime Experiential Museum: Explore the maritime history of Asia at this museum, featuring interactive exhibits and immersive displays.
- Luxurious Accommodations: RWS offers a range of accommodations, including high-end hotels and resorts, providing visitors with a luxurious and comfortable stay.
- Dining and Entertainment: RWS boasts a diverse selection of dining options, from fine dining to casual eateries. Additionally, there are vibrant nightlife options, including bars and entertainment shows.
- Shopping: The resort features a shopping street with a variety of retail outlets, offering a range of products from fashion and accessories to souvenirs.
- Festive Walk: Enjoy the vibrant atmosphere at Festive Walk, a promenade filled with shops, restaurants, and street performances.
- Spa and Wellness: Relax and rejuvenate at the spa facilities available at RWS, providing a perfect retreat for those seeking wellness activities.
- Entertainment Shows: Catch world-class entertainment shows, concerts, and performances at venues like the Resorts World Ballroom.
- Cable Car Ride: Take a scenic cable car ride to Sentosa and enjoy panoramic views of the surroundings.
Property To Watch: The Reef at King's Dock
Near the gateway to Sentosa, there was once a dock that became the second largest in the world, a luxurious landmark home for those who desire to live by the sea - The Reef at King's Dock was conceived and launched nearly three years ago in January 2021 selling more than 90% on its first preview weekend. The Reef at King's Dock is designed by visionary architect and founder of Rotterdam - Zurich - Shanghai based KCAP Architects & Planners, Kees Christiaanse and developed by reputable big boys in Singapore's real estate scene - Mapletree and Keppel Land.
Inspired by resort spas and contemporary luxury hotels, all 429 exclusively private residences at The Reef at King's Dock have been conceived as the perfect scape for the well-heeled and well-travelled. Like a series of urban sculptures, The Reef at King's Dock, with its 10 residential blocks, creates an exclusive, tranquil environment within the vibrant Greater Southern Waterfront at the edge of the upcoming Sentosa - Brani district.
The Reef at King's Dock allows you to enjoy life even closer to the sea without being on a yacht as it features Singapore’s first floating deck in a private residential development, resembling the exclusive Club Med Resort feel that offers quality seaside living synonymous with luxury, relaxation, and vibrant experiences. The revolutionary 180 metre long floating deck is the only one of its kind in Singapore and features an ensemble of swimming pools and a viewing deck overlooking the underwater colony of corals and marine life thriving at King’s Dock.
"Building progress has been on schedule and the developer is expecting the TOP and key collection date sometime next year in 2024. The Reef at King's Dock is currently 97% sold with some units of 3 bedroom, 3 bedroom + study and a last unit of 3 bedroom villa available for sale to the discerning few" say real estate professional Kiwi Lim from Huttons Asia "the recent announcement by Genting Singapore is also believed to bring excitement to the residents living nearby as well ".
Meanwhile, if you have yet to visit the various attractions at Sentosa, you might consider bringing your family to have a fun time visiting Resorts World Sentosa this weekend.
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