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Transaction volumes at Sentosa Cove may moderate after ABSD hike

Nisha Ramchandani

Published Mon, Mar 7, 2022 · 05:50 AM

Singapore

AFTER deals picked up in tandem with the buoyant property market in 2021, transaction volumes for luxury homes on Sentosa may ease this year following the property cooling measures in December.

Encouraged by the robust demand for private homes, developer Ho Bee Land has progressively released units at two of its Sentosa Cove projects since February and March last year: 20 units from the 151-unit Seascape (a joint venture with IOI) that was first launched in 2010, and the remaining 48 units at the 91-unit project Turquoise (first sold in 2007).

Units are priced from about S$1,320 per square foot (psf) to about S$1,700 psf for Turquoise, after dis…