Sentosa Cove condo resale price surge surpasses increases on mainland

Data showed 154 condos in Sentosa Cove changed hands between January 2022 and April 2023, of which 45 per cent were units sold in Cape Royale. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Since January 2022, the rise in prices of resale condominium units in Sentosa Cove has surpassed price increases of resale condominiums in mainland Singapore.

The median per sq ft (psf) price of non-landed properties in Sentosa Cove surged 29.77 per cent from $1,555 in 2021, to $2,018 in 2022. Condo prices on the resort island have been rising since 2020, after tumbling by about 40 per cent in the previous 10 years from their peak in 2010.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.