SUBSCRIBERS

Sentosa bungalow market revs up

Seven deals done since the start of the year as owners move closer to market expectations

Kalpana Rashiwala

Published Tue, Apr 11, 2017 · 09:50 PM

Singapore

ACTIVITY In the bungalow market on Sentosa Cove seems to have gathered pace lately. This year so far, there have been at least seven deals, which are now in various stages of completion.

Agents credit the buzz to owners setting prices that are more in sync with market expectations for these high-end homes on 99-year leases.

A bungalow along Cove Drive, fronting a lake in the revamped Tanjong golf course, has been sold for S$16.25 million or S$2,016 per square foot (psf) on land area of 8,060 sq ft.

Steve Tay of CBRE Realty Associates brokered…