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Tale of 2 cities for GCBs and Sentosa Cove bungalows

Only 2 deals at Cove YTD, while GCB market still supported by Singaporeans, with 23 caveats lodged

Kalpana Rashiwala

Published Thu, Nov 6, 2014 · 09:50 PM

Singapore

IT is barely two months before 2014 ends and just two bungalows in the Sentosa Cove waterfront housing district have been transacted so far this year totalling S$27.5 million - down from 18 deals last year worth S$367 million.

In contrast, the Good Class Bungalow (GCB) market on mainland Singapore has fared better, with 23 deals year to date totalling S$526 million, not too far from last year's tally of 29 deals at S$682 million.