The resurgence in Sentosa Cove condos, in August this year, is one of the more unexpected events in the property market. Besides a decade of decline, the combination of ABSD and weak rental prospects offered no silver lining. Despite this, transactions have seen a sharp recent spike. We keep hearing the reason is the price decline over the years, which now makes the area palatable; so we did a quick comparison to see how low it’s really gotten: What is happening at Sentosa Cove right now? Sentosa Cove has had an unusually good year, with 103 transactions between January to mid-August. 85 of these were for non-landed properties, and 18 for landed; this is already an 84 per cent increase in volume from last year (43 condos and 13 landed previously). We’ve actually been keeping an eye on Sentosa Cove (the landed side at least), since the start of the year;...