Any hope for recovery of Sentosa Cove homes?
August 24, 2026
The hype of owning a Sentosa home for the affluent started in 2004. It was a symbol for the rich to show “they have arrived”. Sales peaked in 2006 with 522 transactions.
But the buzz died down after the Global Financial Crisis (2007-8). In fact, the government sold no new land parcel after 2008. From 2011, several rounds of ABSD introduced quickly killed the demands from foreigners for Sentosa, the only place they can buy landed homes in Singapore.
And we kept reading bad news of Sentosa Cove homes in the media.
Marina Collection
In late 2007, developer Lippo Group launched the 124-unit Marina Collection wat $2,600 to $2,800 psf. Prices have since dropped to $1,600 to $1,800 psf. By March 2011, 38 out of 42 owners defaulted. Then UOB sued the developer for inflated selling prices with furniture rebates up to 34.5 percent of purchase prices. UOB sought to recover S$181 million inflated housing loans disburse and was awarded $17.7 by the court.
The Residences at W Singapore Sentosa Cove
In 2010, CDL launched 228-unit The Residences at W Singapore Sentosa Cove with just 20 units sold. It was relaunched 14 years later in April 2024. A generous 40 percent price cut cleared only 65 units... read more