{"id":78537,"date":"2018-01-31T10:05:31","date_gmt":"2018-01-31T03:05:31","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentosa-cove-property-market-stabilising\/"},"modified":"2018-01-31T11:04:16","modified_gmt":"2018-01-31T04:04:16","slug":"sentosa-cove-property-market-stabilising","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentosa-cove-property-market-stabilising\/","title":{"rendered":"Sentosa Cove property market stabilising"},"content":{"rendered":"


\nAmidst the recovery of Singapore\u2019s private housing market, prices of luxury properties in Sentosa Cove have stopped declining last year and appear to be finding a firm footing, according to Colliers International\u2019s Singapore Research Head Tricia Song.
\nShe told Reuters that the area\u2019s property market suffered the most when Singapore home prices started falling since end-2013. In fact, prices of Sentosa Cove apartments slumped by 35 percent, while prices of dwellings in mainland Singapore dropped 10 percent over the same period, then edged up by 1.1 percent last year.
\nHowever, Song believes that the potential rebound in prices in Sentosa Cove would be smaller than what high-end properties in the mainland are expected to see, as the former\u2019s location is less convenient.
\nNevertheless, JLL\u2019s Research Director for Singapore Ong Teck Hui revealed that home sales in the posh enclave more than doubled from 31 units in 2016 to 65 units last year.
\n\u201cAs prices in Sentosa Cove have fallen significantly, some buyers are seeing value in the properties there, leading to a pick-up in transaction volume,\u201d he said.
\nWhile the recovery in demand in the island appears to be returning more slowly than in other parts of Singapore, he expects sales to increase this year, with prices forecasted to rise by four percent to seven percent for the whole of 2018.
\n\u00a0
\nThis article was edited by Keshia Faculin.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Sentosa Cove property market stabilising<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Amidst the recovery of Singapore\u2019s private housing market, prices of luxury properties in Sentosa Cove...<\/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-78537","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-kqJ","jetpack-related-posts":[{"id":121723,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-sales-in-sentosa-cove-reach-new-record\/","url_meta":{"origin":78537,"position":0},"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":121332,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pandemic-may-have-boosted-demand-for-sentosa-properties\/","url_meta":{"origin":78537,"position":1},"title":"Pandemic may have boosted demand for Sentosa properties","date":"August 10, 2021","format":false,"excerpt":"\r Prices and transaction volumes for Sensota properties\u00a0grew from 2019 to 2020 and this increase continued in the first half of 2021. The COVID-19 pandemic may have boosted demand for luxury properties on Sentosa following a relatively subdued market prior to the pandemic, reported TODAY. Data from various property consultancies\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/Sentosa-cove-apartments.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":78537,"position":2},"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":65058,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/waterfront-condo-at-sentosa-sold-at-3-8m-loss\/","url_meta":{"origin":78537,"position":3},"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":96591,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentosa-cove-bungalow-snapped-up-for-33-3mil\/","url_meta":{"origin":78537,"position":4},"title":"Sentosa Cove bungalow snapped up for $33.3mil","date":"August 24, 2018","format":false,"excerpt":"\r A single-storey bungalow in Sentosa Cove has been sold to a Singapore permanent resident (PR) for $33.3 million \u2013 the highest price achieved for a Sentosa Cove bungalow since 2013. The property fetched a $33.3 million price, which worked out to $1,795 per sq ft, due to several unique\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120009,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/growing-demand-for-sentosa-cove-bungalows\/","url_meta":{"origin":78537,"position":5},"title":"Growing demand for Sentosa Cove bungalows","date":"January 15, 2021","format":false,"excerpt":"\r Singapore continues to draw foreign buyers despite travel restrictions, partly due to\u00a0its success in handling the pandemic.\u00a0Sentosa Cove is the only place where a foreigner may seek approval to acquire a\u00a0landed residential property\u00a0for their own use. Real estate agents expect the healthy sales momentum for bungalows within Sentosa Cove\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/sentosa_cove.original.jpg?fit=840%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78537"}],"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=78537"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/78537\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=78537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=78537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=78537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}