Despite the upswing of private homes market of Singapore, there are no changes in prices of world-class properties in Sentosa Cove, in fact, it ceased decreasing since last year and appear to find a strong footing, said, Tricia Song, the Colliers International’s Singapore Research.
Tricia Song explained to the Reuters, experienced the worst when the Singapore property homes began to drop during the last few months of 2013. As a matter of fact, the prices of the apartments in Sentosa Cove downswing by almost 35 percent, while in Mainland Singapore it went down as low as 10 percent for the same period, then slowly crawls to 1.1 percent the previous year.
Nevertheless, Song is positive that the possible recovery in prices of Sentosa Cove might be lesser compared to the high-end homes in the mainland due to the location which is found to be less convenient.
However, Ong Teck Hui, the JLL’s Research Director reiterated that property marketing in the grand enclave almost tripled from 2016, about 31 units to 65 units, 2017.
” While the prices of Sentosa Cove dropped, few buyers sense value in those properties thus yields to a huge transaction.”, he added.
As the upturn demand in the area moves slow compared to other areas of Singapore, he still anticipates sales to recover and bloom for 2018, but with prices foreseen to hike by at least seven to four percent for the entire 2018.
Existing Development in Sentosa
W Residences at Sentosa can be a good consideration. Build by CDL, this development come with concierge service provided by W Hotel which is just next door. There is lots for yatch as well for for this Sentosa cove living condo.
Unit type include 2, 3 and 4 bedrooms and come with full condo facilities pool, clubhouse, gym. There is also buggy service that can chauffeur you around Sentosa Cove.
Seascape at Sentosa Cove has a direct seafront living that span parallel to the sea. With 2 to 4 bedrooms too, this development is ideal for those who looking at direct seafront living.