S$1.65m can get you a home on Sentosa

Singapore

STAYING on Sentosa may seem literally like a distant idea, but more Singaporeans are seeing the virtue of getting away from the bustle of the city.

In the second half of this year, more locals have snapped up homes on Sentosa, where a 1,100 sq ft apartment can be had for about S$1.65 million.

Buyers who don't mind the commute are finding that some Sentosa units now cost less than half what they did during the peak in 2007.

Recent figures show that sales activity for both landed and non-landed homes in Sentosa are picking up, reflecting buying interest by Singaporeans in the second half of the year, said Lam Chern Woon, Edmund Tie senior director, research and consulting.

Total deals in Sentosa since the start of this year to Nov 3 stood at 41 units, said Mr Lam. This already exceeds the 30 transasactions for the whole of 2019. Over the past 10 years, the high was 204 in 2010 and the low was 27 in…