Residential

Sentosa Cove condo prices are now attractive

The prices of the upscale waterfront housing district in the Sentosa Cove condo market are now attractive to both the high-end and mass markets on the mainland. This has been revealed in Colliers International’s latest White Paper. The median price of 99-year Sentosa Cove condo units has been reported to decrease 44.2 percent over two consecutive quarters, from $2,950 psf in Q1, 2013 to $1,646 psf in Q3, which is 1.5 percent lower than their 99-year-leasehold counterparts in Districts 9, 10 and 11 as well as the financial district on the mainland. This figure of $1,646 psf is also just 25.6 per cent more than the $1,311 psf median price of 99-year mass-market condos in Outside Central Region, the narrowest gap observed since condos were first launched in Sentosa. Previously in Q1, 2008, prices of condos in Sentosa Cove ...