‘Sentosa Cove houses for sale’ isn’t something we Google often. But that doesn’t mean we wouldn’t like to live in a Sentosa Cove house, home to some of the richest families who live in Singapore.
Sure, it’s more difficult to access the mainland and Sentosa Cove bungalows may not be within walking distance of the Orchard Road shopping belt. But if you can afford a Sentosa Cove landed home, transport is probably not top of mind, or on your mind at all.
Let’s take a look at Sentosa Cove houses, in particular, Sentosa Cove bungalows and how property prices in the neighbourhood have moved over the years.
Sentosa Cove Property Prices
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, which is 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 prices up. Everyone who had the extra moolah wanted a piece of Sentosa Cove. In 2012, a Sentosa Cove bungalow could fetch as much as an eye-popping $3,214 PSF.
However, prices came down from their 2011 highs. In 2019 and 2020, there were reports of property prices in Sentosa Cove 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.
Sentosa Cove Houses: 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 with a land area of more than 18,000 sq ft. Hence, Sentosa Cove landed properties held onto their allure.
In comparison, GCBs must have a minimum plot size of about 15,070 sq ft and not be more than two storeys high. These tycoon types, who typically owned multiple properties and can 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 rate of price growth of resale condominium units in Sentosa Cove has outpaced the price growth of resale condominiums in mainland Singapore.
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. $7.68 Million Cove Way Terrace House
| Property type | Terrace house |
| Price | $7.68 million |
| Floor size | 4,168 sq ft |
| Land size | 2,352 sq ft |
| Average price PSF | $3,265.31 |
| Tenure | 99-year leasehold |
| Temporary Occupation Permit (TOP) date | July 2011 |
The most ‘affordable’ Sentosa Cove house for sale on PropertyGuru (as of 26 July 2023) is a $7.68 million Cove Way 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. C’est la vie!
Inside, specific to this property are two storeys with a basement and an attic, five bedrooms, five bathrooms, and ample outdoor space for various activities (e.g. alfresco dining, gardening, lounging, yacht berthing).
Browse this $7.68 million Sentosa Cove house for sale on PropertyGuru.
2. $8 Million Cove Way Terrace House
| Property type | Terrace house |
| Price | $8 million |
| Floor size | 5,100 sq ft |
| Land size | 2,640 sq ft |
| Average price PSF | $3,030.30 |
| Tenure | 99-year leasehold |
| TOP date | July 2011 |
If you’re looking for more space and are open to inheriting some of what the current owner of this $8 million Cove Way terrace house is living with (e.g. walk-in wardrobes!), this partially furnished property may be for you.
Priced at $3,030.30 PSF, this Sentosa Cove house for sale is also comparatively cheaper than the previous listing (it comes with four bedrooms and five bathrooms). What accounts for the price difference, then, is the almost 1,000 and 300 sq ft of floor land space, respectively.
And don’t worry about not being able 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.
Browse this $8 million Sentosa Cove house for sale on PropertyGuru.
3. $8.38 Million Cove Way Terrace House
| Property type | Terrace house |
| Price | $8.38 million |
| Floor size | 2,643 sq ft |
| Land size | 4,600 sq ft |
| Average price PSF | $1,821.74 |
| Tenure | 99-year leasehold |
| TOP date | July 2011 |
Have you ever felt the ridiculousness of lounging along an infinity pool at a beach club, five steps from an actual beach? This $8.38 million Cove Way terrace house takes that luxury up a notch: it comes with a private pool, jacuzzi, and outdoor bath that extends from the attic, so you can enjoy a view of the lake while being in your own body of water.
In view even of recent Q2 2023 major new condo launches with a starting $2,000 PSF, this Sentosa Cove house for sale can be considered a ‘steal’ at $1,822 PSF, especially given its location. Featuring four bedrooms and five bathrooms, there is ample space to imagine life with a family that continues to grow and grow.
Browse this $8.38 million Sentosa Cove house for sale on PropertyGuru.
4. $8.38 Million Ocean Drive Terrace House
| Property type | Terrace house |
| Price | $8.38 million |
| Floor size | 5,000 sq ft |
| Land size | 2,700 sq ft |
| Average price PSF | $3,193.70 |
| Tenure | 99-year leasehold |
| TOP date | July 2011 |
With five bedrooms and six bathrooms, this $8.38 million Ocean Drive terrace house is partially furnished with a kitchen, laundry, water heaters for the bathrooms, and air-conditioning throughout the property, among other basic household amenities.
If inspiration strikes, you can consider installing a lift in this home – it can take you from your basement, up your two floors, all the way to your attic. 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.
Browse this $8.38 million Sentosa Cove house for sale on PropertyGuru.
5. $9.599 million Cove Way Terrace House
| Property type | Terrace house |
| Price | $9.599 million |
| Floor size | 4,500 sq ft |
| Land size | 3,500 sq ft |
| Average price PSF | $2,742.57 |
| Tenure | 99-year leasehold |
| TOP date | July 2011 |
Coming in at right below $10 million, this Sentosa Cove house for sale is a corner terrace house that also comes partially furnished with basic household amenities like air-conditioning throughout the property, kitchenware like cooker hoods, a dishwasher, fridge, and oven/microwave, and water heater for all shower rooms.
Fitted with five bedrooms and five bathrooms, this corner terrace house also comes with a balcony that offers a view of the city from afar and a waterfront view less than 10 steps from the front door.
Browse this $9.599 million Sentosa Cove house for sale on PropertyGuru.
6. $11.2 Million Cove Way Bungalow
| Property type | Terrace house |
| Price | $11.2 million |
| Floor size | 7,500 sq ft |
| Land size | 7,830 sq ft |
| Average price PSF | $1,430.40 |
| Tenure | 99-year leasehold |
| TOP date | July 2011 |
What’s the difference between a terrace house and a bungalow? 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.
Yes, a Sentosa Cove house for sale priced at eight figures is definitely out of most of our budgets. However, this particular property is arguably ‘cheap’, coming in at only $1,430 PSF – the lowest price PSF of all the properties on this list (also the biggest, at 7,500 sq ft)!
Need more convincing? This home is fitted with six bedrooms and six bathrooms, a garage to showcase your favourite luxury cars, and it’s a walking distance to Quayside Isle for casual luxury dining, grocery shopping, and retail therapy.
Browse this $11.2 million Sentosa Cove house for sale on PropertyGuru.
7. $13.8 Million Ocean Drive Bungalow
| Property type | Bungalow |
| Price | $13.8 million |
| Floor size | 4,780 sq ft |
| Land size | 7,317 sq ft |
| Average price PSF | $1,886.02 |
| Tenure | 99-year leasehold |
| TOP date | July 2011 |
By the time we looked up this $13.8 million Ocean Drive bungalow, we ended up a little numb to looking at big numbers. Out of curiosity, we decided to rank our Sentosa Cove PropertyGuru listings from the highest price to the lowest: the most expensive Sentosa Cove house for sale (accurate as of 26 July 2023) is an $88 million Cove Drive bungalow.
Feeling like this property is considerably affordable? Similar to the $11.2 million bungalow above, this Sentosa Cove house for sale is also reasonably priced PSF (i.e. it comes in at $1,886 PSF). Unfurnished with four bedrooms and six bathrooms, let your imagination run wild when it comes to lavish renovation and the latest smart home fittings.
Browse this $13.8 million Sentosa Cove house for sale on PropertyGuru.
Financing Your Sentosa Cove Landed Home
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 $88 million (as of 26 July 2023). But to be fair, these pricier homes tend to be larger, with a lower price PSF.
The most affordable bungalow for sale on PropertyGuru starts at $7,680,000. Assuming you take on a home loan with a 3.3% interest rate, a Loan-to-Value (LTV) limit of 75% and a loan tenure of 25 years for this property, that works out to a cool $28,222 per month in mortgage instalments.
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 financing your property purchase, you can always contact PropertyGuru Finance’s Mortgage Experts for help, at no cost!
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