So far there are around 7 deals have been in various stages of completion in the bungalow market in Sentosa. The market expectations for these high-end homes are improving with the recent developments of the real estate market in Singapore.
A house along Cove Drive has been sold for $2016 psf, or S$16.25M on land area of 8060 sqft. Another one along Lakeshore View, fronting the golf course, was brokered at S$21.25M or $1886 psf. The buyers was reported to be Japanese discount retail group Don Quijote’s founder Takao Yasuda.
Recently a sale was entered into for the Cove Grove House owned by Ezra Chairman. The price is believed to be between S$14.5-15M for the land-sized -11,515-sqft villa.