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7 Sentosa Cove Houses For Sale: How Much to Buy These Luxury Homes for ‘Crazy Rich Asians’?
‘Sentosa Cove houses for sale’ isn’t something we Google often. But that doesn’t mean we wouldn’t like to live in a waterfront home on Sentosa island. Recently, homes in Sentosa made headlines again.
In April 2024, luxury development The Residences at W Singapore Sentosa Cove saw 65 units sold in just two days after the prices were slashed by over 40% from its initial sales launch. The Residences at W Sentosa Cove units were sold at an average price of $1,780 per sq ft (PSF). In comparison, Sentosa Cove condominiums sell at a median price of $1,999 PSF (from January to March 2024).
With 94% of buyers being Singaporean Citizens and Singapore Permanent Residents (PRs), many are looking for a bargain in Sentosa Cove and other prime areas. But how much do you need to buy a Sentosa Cove property? Specifically, a Sentosa Cove landed home? Let’s find out.
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Sentosa Cove Prices over the Years
First, look at how Sentosa Cove house prices have moved over the years. Since its launch, Sentosa Cove has been marketed to foreigners – also because it’s the only place where non-Singaporeans can buy a landed home.
It was poised as Singapore’s answer to Monte Carlo, known for its affluence and massive yachts piloted by the rich and famous. In addition, global buyers could design and build their dream homes from a blank canvas instead of purchasing a pre-fab home.
Naturally, this drove Sentosa Cove house prices up. Everyone who had the extra moolah wanted a piece. In 2012, a Sentosa Cove bungalow could fetch as much as an eye-popping $3,214 PSF.
However, Sentosa Cove prices came down from their 2011 highs. In 2019 and 2020, there were reports of Sentosa Cove house prices taking a hit. Condominiums were the most affected, with some sellers taking losses as steep as 40%.
There was speculation that Sentosa Cove properties were past their prime and their glory days were over. The introduction of the Additional Buyer’s Stamp Duty (ABSD) tax did nothing for investors and foreigners who wished to acquire properties in Singapore.
But high-net-worth buyers were not as bothered and continued to purchase landed homes in Sentosa Cove – one splashed out $33.3 million for a Sentosa Cove bungalow in August 2018, the price equivalent of a freehold Good Class Bungalows (GCBs) sans the sea view.
Why Bungalows in Sentosa Remained Sought-after
Bungalows remained a more sought-after and premium property class on Sentosa Cove. Given the approximately 2,160 homes on the island, there are not more than 350 bungalow plots, with less than 10 being sea-facing bungalows and a land area of more than 18,000 sq ft. Hence, Sentosa Cove’s landed properties held onto their allure.
In comparison, GCBs must have a minimum plot size of about 15,070 sq ft and not exceed two storeys high. These tycoon types, who typically owned multiple properties and could ride out short-term market fluctuations, primarily purchased homes based on needs and fancy.
2021 saw the appetite for Sentosa Cove properties return. The growing desire for Sentosa Cove bungalows and condos reached new heights in August 2021, likely fuelled by the COVID-19 pandemic. Since January 2022, the price growth rate of resale condominium units in Sentosa Cove has outpaced the price growth of resale condominiums in mainland Singapore.
Sure, it’s more difficult to access the mainland, and Sentosa Cove condos and houses may not be within walking distance of the Orchard Road shopping belt. But if you can afford a Sentosa Cove home, transport is probably not at the top of your mind or on your mind at all.
With this renewed interest in Sentosa Cove properties, we wondered: if we wanted to buy a landed home in Sentosa Cove, how much would that cost? So, without further ado, here are the most affordable landed homes in Sentosa Cove.
1. Sentosa Cove for Sale: $6.5 Million Terrace House
Property type | Terrace house |
Sentosa Cove house price | $6.5 million |
Floor size | 2,467 sq ft |
Land size | N.A. |
Average price PSF | $2.634.78 |
Tenure | 99-year leasehold |
Temporary Occupation Permit (TOP) date | December 2011 |
The most ‘affordable’ Sentosa Cove house for sale on PropertyGuru (as of 20 April 2024) is this $6.5 million terrace house.
For many Sentosa Cove houses for sale, waterfront or sea views are a given. Stand on your patio on a given day, and you might lose yourself for hours staring at a mother duck introducing her ducklings to paddling water.
Inside, specific to this 4-bedroom, four-bath property, is a pool. There is ample outdoor space for various activities (e.g. alfresco dining, gardening, lounging, yacht berthing).
2. Sentosa Cove for Sale: $8.38 Million Terrace House
Property type | Terrace house |
Sentosa Cove house price | $8.38 million |
Floor size | 4,600 sq ft |
Land size | 2,645 sq ft |
Average price PSF | $3,168.24 |
Tenure | 99-year leasehold |
TOP date | December 2011 |
If you’re looking for more space and want a ‘blank’ canvas to work with, this partially furnished $8.38 million terrace house may be for you. White-on-wood decor runs throughout the 4-bedroom five, five-bathroom home.
Aside from having a private pool, private berth, roof terrace, jacuzzi in the backyard and outdoor patio, there is a bathroom with a sunken bathtub. If you like to cook, you’ll be pleased to know there is a wet and dry kitchen.
3. Sentosa Cove for Sale: $18 Million Detached House
Property type | Detached house |
Sentosa Cove house price | $18 million |
Floor size | 7,000 sq ft |
Land size | 8,200 sq ft |
Average price PSF | $2,195.12 |
Tenure | 99-year leasehold |
TOP date | December 2011 |
This beautifully designed and furnished $18 million modern villa takes luxury living up a notch. Having a private pool with waterway views, outdoor patios that face greenery, and rooms which face the sea guarantee spectacular sights wherever you look.
Featuring six bedrooms (all ensuite, of course) and seven bathrooms, there is ample space to imagine life with a family that continues to grow and grow. Not to mention, the home has a built-in private lift for improved accessibility.
And don’t worry about being unable to be heard from the master bedroom when you’re in the living room – this property comes fitted with an intercom system, ensuring 24/7 connectedness wherever you and your loved ones are.
4. Sentosa Cove for Sale: $13.9 Million Detached House
Property type | Detached house |
Sentosa Cove house price | $13.9 million |
Floor size | 7,500 sq ft |
Land size | 7,356 sq ft |
Average price PSF | $1,889.61 |
Tenure | 99-year leasehold |
TOP date | December 2011 |
With five bedrooms and five bathrooms, this $13.9 million home is a partially furnished home decorated in the modern Italian style.
A double-volume ceiling in the foyer opens to a large gallery-like entrance space before leading into the living and dining areas. For entertainment, a home theatre system sits in the basement, and the large rooftop has a spacious outdoor seating area.
A lift has been installed in this home – it can take you from your basement to your attic, across 4.5 floors. This may seem like a rich person’s frou-frou, but if you have elderly parents or grandparents, this could become essential for their independent mobility.
5. Sentosa Cove for Sale: Sentosa Cove for Sale: $9 million Detached House
Property type | Detached house |
Sentosa Cove house price | $9 million |
Floor size | 5,000 sq ft |
Land size | 3,400 sq ft |
Average price PSF | $2,647.06 |
Tenure | 99-year leasehold |
TOP date | December 2007 |
Coming in at $9 million, this Sentosa Cove house for sale is a corner terrace unit that has 4 bedrooms and 6 bathrooms. The front car porch can easily accommodate two cars.
Fitted with 4 bedrooms and 6 bathrooms, this corner terrace house also comes with a balcony that offers a view of the waterfront view. Less than 10 steps from the front door is your private yacht berth.
6. Sentosa Cove for Sale: Sentosa Cove for Sale: $12 Million Detached Bungalow
Property type | Detached house |
Sentosa Cove house price | $10.8 million |
Floor size | 7,460 sq ft |
Land size | 7,356 sq ft |
Average price PSF | $1,631.32 |
Tenure | 99-year leasehold |
TOP date | December 2011 |
With six bedrooms and seven bathrooms, this detached home is built for multi-generational living. A ‘granny’ room on the first floor and an in-built lift for easy access to the upper floors.
Grey marble wall accents on white flooring can be seen in the various rooms throughout the house, appearing in common areas, kitchens, and bathrooms. Like most Sentosa Cove homes, the bright and breezy house has a private pool and personal yacht berth.
At this point, if you’re still unsure what the difference between a terrace house and a bungalow is, we’ve got you. According to the Urban Redevelopment Authority (URA), a terrace house is a row of houses with at least three houses joined by a common wall, while a bungalow is ‘detached’ and one of the largest types of housing in Singapore.
7. Sentosa Cove for Sale: Sentosa Cove for Sale: $13 Million Detached Bungalow
Property type | Detached bungalow |
Sentosa Cove house price | $13 million |
Floor size | 4,780 sq ft |
Land size | 7,317 sq ft |
Average price PSF | $1,776.68 |
Tenure | 99-year leasehold |
TOP date | December 2011 |
When we looked up this $13 million bungalow, we were numb to looking at big numbers. Out of curiosity, we took a peek at the most expensive Sentosa Cove house for sale and found this $88 million Cove Drive bungalow.
Do you feel like this property is now considerably more affordable? We do, too. The two-storey home has four bedrooms and four bathrooms with breathtaking waterway views.
This current unit is tenanted until March 2025, which may be a boon for those looking at the home as an investment property. Did we forget to mention that there’s a private swimming pool too?
Financing Your Sentosa Cove Property
After going through listings for bungalows in Sentosa Cove, it seems that even different locales of this high-end island are priced differently. Bungalows on Paradise Island are the most affordable overall, and those on Coral Island and Treasure Island are the most costly.
Currently, the most expensive homes for Sentosa Cove bungalows listed on PropertyGuru go up to $100 million, while the most affordable starts at $6,500,000 (as of 20 April 2024). For condos in the area, prices start at $1,780,000.
With the upcoming developments in the Greater Southern Waterfront area and the continued spillover effect for luxury properties on the mainland, we say it might be wise to keep an eye on property prices in Sentosa Cove. Who knows, you may score a great deal! And if you need help landing the best home loan for you, you can always contact PropertyGuru Finance Mortgage Experts for free help!
