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Price slump in Sentosa Cove property market continues

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A British owner is asking for $12 million for his 4,822 sq ft apartment at Seven Palms, having paid $16 million for it in 2010.

A British owner is asking for $12 million for his 4,822 sq ft apartment at Seven Palms, having paid $16 million for it in 2010.

PHOTO: JEFFREY CHOW

Joyce Lim

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Behind the sun-drenched serene scenes of Sentosa Cove is a flurry of activity, as a number of houses and apartments change hands.
What is driving the transactions is a willingness by sellers to let go of their properties at ever-lower prices, say property analysts and agents.
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