If you’ve ever thought about the question “Should I consider buying a property in Sentosa Cove?”, congratulations. You’ve worked hard, made it big, and now you’re successful enough to buy a development in one of the most prestigious sites in Singapore.
Where is Sentosa Cove?
Tucked away at the southernmost point of Singapore, Sentosa has long been a go-to attraction for both locals and tourists alike. Further down south, and a little to the east, you will find an idyllic plot of land that looks like something out of a fairytale.
Sentosa Cove rests on the southeast point of Sentosa Island, and is rather inaccessible to get to. No trains or public buses will take you there, and the closest mode of transport is the public shuttle bus. Notably, what’s really unique about Sentosa Cove is that it’s the only place in Singapore where foreigners can purchase landed property.
How much do landed properties and apartments cost at Sentosa Cove?
Sentosa Cove’s housing options are well known for their exorbitant prices. Even the more affordable properties can still be well over a million dollars. For instance, The Oceanfront @ Sentosa Cove is a condominium where units are priced between $1.95 million and $13.5 million. Those at The Residences at W Sentosa Cove are even more expensive, starting at $2.9 million.
Of all the properties in Sentosa, however, none come close to this one located in Ocean Drive. This luxurious bungalow is selling for a whopping $78 million, and spans a massive 19,800 sqft.
The bungalow is fully furnished with a private garden and pool, and features a panoramic ocean view.
What are the perks of living in Sentosa Cove?
There are many perks that come with living in Sentosa Cove. Apart from the prestige and status of living in Sentosa, you also get to enjoy the serenity of the ocean on your doorstep, the wide, unencumbered spaces, and tranquility.
Here are a few other things that you can experience:
A large range of unique amenities
Forget soccer and tennis.
At Sentosa Cove, you have access to all sorts of novel activities that those living in the mainland don’t get to experience. The best part is, they’re all accessible from your backyard.
Sailing
Apart from the usual ‘high-SES’ sports such as golf, there are a few other activities that you can get into. One of these is sailing. Since Sentosa Cove overlooks the ocean, you can wake up, decide that you want to go for a quick spin on the waves, and set out that very afternoon.
Wave House Sentosa
A little further away at Siloso Beach is Wave House Sentosa, located on the other side of the island. Here, you can learn to surf without having to wait for waves. A drawback is that sessions run on a per-hour basis, so you might have to book a slot beforehand.
iFly
After you’ve had your fill of fun with water-based activities, you can try your hand at aerosports instead.
iFly at Sentosa’s Beach Station allows you to experience the thrill of skydiving without any fear of injury. It’s also a lot more affordable compared to actual skydiving since you won’t have to bear the cost of the plane rental and fuel.
However, it comes with a catch – without the ‘danger’ element, it won’t actually replicate the feeling of the original sport.
Skyline Luge
For people who enjoy more land-based sports, the Skyline Luge (pronounced loo-sh) is a two-in-one package that promises fun for the whole family.
Before you start the activity, you have to take the skyride up to the summit. The skyride features a beautiful view of the Sentosa landscape, which is especially stunning in the evening.
Once you reach the top, you can change into your protective gear and ride the luge, which is a personal vehicle fuelled entirely by gravity, all the way down to the bottom.
Universal Studios Sentosa
Of course, we can’t talk about Sentosa without mentioning Universal Studios.
Although this isn’t a place you’d want to go to all the time, it’s a great way to reward your kids for scoring well on their exams, or simply as a small weekend retreat. The star attractions, such as Battlestar Galactica: Human vs Cylon and Transformers: The Ride, should not be missed.
Community Spirit
On a small island such as this, people will inevitably run into their neighbours a lot. This gives them greater opportunity to form closer bonds through activities or meals, creating a small, exclusive community. Many of the staff in the restaurants also know the residents living there by name, which adds to the familial feel.
5 of the most expensive properties in Sentosa Cove
Ocean Drive
At $78,888,888, this bungalow spans 19,869 sqft. It features a panoramic sea view, as well as 7 bedrooms and 9 toilets.
Here, you’ll be able to swim around in your private pool while admiring the ocean from your backyard, along the only place in Singapore where you can do so.
The bungalow also has a private garden and a jacuzzi.
Cove Grove
This lovely 10,000 sqft bungalow with a private pool can be yours for $45,000,000.
It features a private lift that traverses between two stories, the attic, and a basement. This bungalow has 6 bedrooms and 8 toilets.
Cove Drive
At five bedrooms and toilets, this $40,000,000 bungalow spans 8,000 sqft and is luxuriously outfitted.
Amenities include a private pool and an outdoor patio. It is currently vacant, perfect for those who simply can’t wait to move in.
Cove Way
At $17,500,000, this bungalow comes with five en-suite bedrooms.
In addition to the swimming pool and private garden, it also comes with an entertainment room and a movie room. It also has a putting green, great for those who enjoy golf.
Treasure Island
With 5 en-suite bedrooms, this 2-storey bungalow with an attic costs $15,000,000. It comes with a private garden and private pool, and also features an impressive seaview from your patio.
What should I consider before buying a property in Sentosa Cove?
If you have the spending means, Sentosa Cove would be a fantastic place to live in. You get to live close to plenty of recreational amenities, away from the hustle and bustle of city life.
If you’re really keen on buying a piece of property in Sentosa Cove, however, you might want to note that property prices have recently been seeing a downward trend.
This has been attributed to recent cooling measures such as the increase in Additional Buyer Stamp Duty (ABSD) for foreigners.
Another reason cited was the introduction of the Total Debt Servicing Ratio (TDSR) in 2013. This requires banks to ensure that homebuyer debt does not exceed 60% of monthly household income.
While prices for Sentosa Cove property have seen better days, it’s nonetheless plausible that interest and demand for property there might pick up sometime in the future.
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