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Treasure island no more? Sentosa Cove trails District 4 as loss-making sales mount

Gerine Tang Yi Qian
Gerine Tang Yi Qian • 13 min read
Treasure island no more? Sentosa Cove trails District 4 as loss-making sales mount
Luxury yachts berthed at ONE°15 Marina Sentosa Cove Singapore, a marina owned by Mainboard-listed SUTL Enterprise. Photo: Albert Chua/The Edge Singapore
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Based on City & Country’s analysis of 938 transactions, more than one in three strata-titled condominium units sold in one of Singapore’s swankiest enclaves changed hands at a loss

In Sentosa Cove, where superyachts line the marina and villas border the waterfront, luxury is core to the manicured landscape. When a charter yacht caught fire at ONE°15 Marina Sentosa Cove earlier this month, the plume of black smoke was impossible to ignore.

Sentosa Cove’s property market paints an equally grim picture. More than one in three strata-titled condominium units sold there changed hands at a loss, according to City & Country’s analysis of 938 transactions based on Urban Redevelopment Authority (URA) Realis data since 1995.

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