Tag Archives: Cove

Sentosa Condo Owners Selling Properties at 25% Loss

TWO in five Sentosa condominium units have been resold at a loss in the past year, symptomatic of the plight of luxury homes here, as financing restrictions put off buyers, industry watchers said. Since May last year, 31 units changed hands at six Sentosa projects: Marina Collection, Seascape, The Azure, The Berth, The Coast and The Oceanfront, according to data compiled by STProperty.sg from URA Realis. The findings were in line with data gathered by HSR Research, which shows resale prices in the plush Sentosa district falling by 25 per cent to about $1,800 psf in the first five months of this year, from around $2,400 psf over the same period last year.

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