WITH the Draft Master Plan 2019 outlining plans for the Greater Southern Waterfront and the recent announcement to further develop the Integrated Resorts, is a rebound in prices on the horizon for the private homes in Sentosa?

An integrated residential-marina resort development on the eastern coast of Sentosa island, Sentosa Cove is an exclusive enclave comprising high-rise condominiums and luxury bungalows, with adjoining private berths for boats. One of the most desirable addresses, it has attracted many foreign investors, who favour its landed properties in part due to local laws limiting purchases of such homes to those on Sentosa island. On the mainland, foreigners who wish to buy a landed home are required to seek approval under the Residential Property Act.

Data from REALIS demonstrates that foreign buyers were indeed most active during the run-up in prices in Q2 2017, with international buyers acquiring 12 of the 37 landed homes transacted on Sentosa.