A penthouse unit at The Residences at W Singapore Sentosa Cove. Around 3,200 visitors turned up for viewings at the property from April 10 to 14.in 2010, a total of 65 units at The Residences at W Singapore Sentosa Cove were sold on April 15 and 16.
On April 16, Cityview released additional units for sale and another 20 units were sold, its spokesman told The Straits Times.In comparison, the median price of Sentosa Cove condominiums sold from January to March 2024 was $1,999 psf. Mr Eugene Lim, key executive officer of ERA Singapore, said: “The competitive pricing has been a key factor in attracting these astute buyers. On a per square foot basis, the price is very attractive for a prime property in Sentosa.”
Mr Nicholas Mak, chief research officer of property portal Mogul.sg, noted a preference for larger living spaces among buyers, with some seeing the prices as a bargain compared with projects outside the central region.However, Mr Mak cautioned that investing in Sentosa Cove involves considerable risk, as 63 per cent of resale transactions over the past decade resulted in losses.
He also pointed out that the current price of The Residences at W essentially aligns with the prevailing rates for resale condos in Sentosa Cove. The upscale development completed in 2013 hit the market only in 2022, nine years after the project was completed.
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