{"id":107961,"date":"2019-06-10T18:00:17","date_gmt":"2019-06-10T11:00:17","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/seller-incurs-us2-3-million-50-per-cent-loss-on-unit-at-seascape-as-singapores-sentosa-cove-continues-to-struggle\/"},"modified":"2019-06-10T19:08:28","modified_gmt":"2019-06-10T12:08:28","slug":"seller-incurs-us2-3-million-50-per-cent-loss-on-unit-at-seascape-as-singapores-sentosa-cove-continues-to-struggle","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/seller-incurs-us2-3-million-50-per-cent-loss-on-unit-at-seascape-as-singapores-sentosa-cove-continues-to-struggle\/","title":{"rendered":"Seller incurs US$2.3 million, 50 per cent loss on unit at Seascape as Singapore\u2019s Sentosa Cove continues to struggle"},"content":{"rendered":"


\nThe loss-making deals continue at Sentosa Cove, a billionaire\u2019s playground in Singapore that has become a lesson about the pitfalls of property speculation.The seller of a 2,336 square foot, three-bedroom home at Seascape incurred a S$3.17 million (US$2.32 million) loss on May 23, the most unprofitable transaction in Singapore during the week of May 21 to 28.The ground-floor unit was one of the first to be purchased when the seafront condo in Sentosa\u2019s residential enclave was first launched for\u2026
\n
\nSource : South China Morning Post
\nRead more…Seller incurs US.3 million, 50 per cent loss on unit at Seascape as Singapore\u2019s Sentosa Cove continues to struggle<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The loss-making deals continue at Sentosa Cove, a billionaire\u2019s playground in Singapore that has become...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-107961","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-s5j","jetpack-related-posts":[{"id":65058,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/waterfront-condo-at-sentosa-sold-at-3-8m-loss\/","url_meta":{"origin":107961,"position":0},"title":"Waterfront condo at Sentosa sold at $3.8m loss","date":"August 31, 2017","format":false,"excerpt":"\r \u00a0 Despite an uptick in interest over the last two months, property prices in Sentosa Cove remained depressed, with a 4,069 sq ft waterfront apartment at Seascape sold at a loss of almost S$4 million, reported The Straits Times. Bought in 2010 by Dyna-Mac Holdings chairman and chief executive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50960,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentosa-cove-condo-sold-at-6-6m-loss\/","url_meta":{"origin":107961,"position":1},"title":"Sentosa Cove condo sold at $6.6m loss","date":"April 5, 2017","format":false,"excerpt":"\r View of Seascape @ Sentosa Cove. (Photo: JLL) A condominium unit at Seascape @ Sentosa Cove was auctioned off at a $6.6 million loss when a Singaporean buyer bought it for just $6.2 million \u2013 making it the standout deal in the auction market for Q1 2017, reported the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121723,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-sales-in-sentosa-cove-reach-new-record\/","url_meta":{"origin":107961,"position":2},"title":"Home sales in Sentosa Cove reach new record","date":"August 30, 2021","format":false,"excerpt":"\r Home sales in Sentosa Cove reach new recordSome analysts believe the high transaction volumes in Sentosa is a spillover from the growing demand for luxury homes within the Rest of Central Region (RCR), considering that prices on the island remain relatively lower compared to those on the mainland. Sentosa\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/Sentosa-cove-apartments-1.jpg?fit=819%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":108094,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentosa-cove-condo-sold-at-50-loss\/","url_meta":{"origin":107961,"position":3},"title":"Sentosa Cove condo sold at 50% loss","date":"June 14, 2019","format":false,"excerpt":"\r Cushman & Wakefield data showed that resale property prices on the resort island fell to $1,367 per sq ft (psf) \u2013 a record low since luxury residential properties were first launched in Sentosa Cove in November 2004. The property cooling measures rolled out by the government in July 2018\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-auction-sales-up-significantly-in-q4\/","url_meta":{"origin":107961,"position":4},"title":"Property auction sales up significantly in Q4","date":"December 15, 2016","format":false,"excerpt":"\r Q4 auction sales accounted for over half of total sales in 2016. (Photo: JLL) Property auction sales for the fourth quarter of 2016 exceeded expectations, with total sales at $47.2 million, or 51 percent of this year\u2019s tally, said property consultancy JLL. The figure is more than three times\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78941,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentosa-cove-penthouse-up-for-auction\/","url_meta":{"origin":107961,"position":5},"title":"Sentosa Cove penthouse up for auction","date":"February 5, 2018","format":false,"excerpt":"\r The last owner paid $5.64 million, or $1,919 psf for the four-bedroom unit in 2011. (Photo: Edmund Tie and Co) A two-level penthouse on the sixth storey of The Berth by the Cove will be placed under the hammer on 28 February at The Amara Hotel Singapore, revealed Edmund\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107961"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=107961"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107961\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=107961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=107961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=107961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}