Demand for Sentosa Cove bungalows mirrors buzz in luxury housing market

Kalpana Rashiwala

Published Fri, Aug 6, 2021 · 05:50 AM

Singapore property

Singapore

THE buzz in the luxury housing market on mainland Singapore seems to be extending to the Sentosa Cove bungalow market.

A total of 14 villas have been sold year to date in the waterfront housing district, exceeding the 13 deals for the whole of last year, based on List Sotheby's International Realty's (List SIR) analysis of caveats data captured in URA Realis. The data was downloaded on Aug 4 with the latest transaction dated July 19.

The total transacted value so far this year amounts to S$256.4 million, which is 31 per cent higher than the nearly S$196 million in 2020.

"This could be attributed to a couple of bungalows on big land plots of over 18,000 sq ft each that were sold in 2021 and to h…