Property Prices Rebound
There are some faint signs that property prices at the luxury Sentoza Cove community may be improving. Recently released data shows that two Condos at The Oceanfront sold at roughly, 2,000 Singapore dollars per square foot in April. SRX Property says that prices in that area have fallen a great deal under $2,000 Singapore, per square foot for two years, the only exception being one unit, which sold in October 2014 for a total 4.32 million Singapore dollars, which calculates to 2,079 per square foot for Bellewoods.
January 2015 saw prices sink to S$1,190 per square foot, when at The Coast, Sentoza Cove a 2,626 square foot unit was sold at the price of $3.125 million Singapore. Caveat data published by Singapore’s Land Authority showed that this second floor, four bedroom unit was originally sold for $4.34 million Singapore, that is, 1,653 million Singapore dollars on 8th March 2007, meaning …
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