Wave of regional buyers expected to land on Sentosa Cove

Kalpana Rashiwala

Published Thu, Jan 14, 2021 · 05:50 AM

Singapore property

Singapore

THE sales momentum for bungalows in the waterfront housing district of Sentosa Cove is expected to strengthen further this year as travel restrictions are eased and potential buyers from the region allowed entry into Singapore to view the villas.

Agents are upbeat on the outlook for this segment, on the back of a strong pick-up in the volume of transactions in the second half of 2020 - after the "circuit breaker" partial lockdown ended and property viewings resumed from June 19. Some buyers - including China citizens already in Singapore and eyeing landed homes - took the opportunity to buy in Sentosa Cove.

While the foreign buyers of Sentosa Cove villas last year were mainly from China, List Sotheby's International Realty (List SIR) senior associate vice-president Steve Tay expects "a surge in demand from buyers from Sout…