When you hear the words "waterfront living", what comes to mind? Probably Sentosa or East Coast right? The kinds of homes where you can watch the sunset by the ocean. It's an instant stress reliever. It feels like a peaceful escape from the busy city life.
Source: Sentosa
I know what you're thinking. I can't afford that. Well, you're right, sort of. Let me explain.
Waterfront properties in Sentosa and East Coast aren't just known for the stunning views, they're also known to be expensive. Even the cheapest options in these areas are still beyond the reach of us mortals. Just take a look at the transaction trends of these Sentosa projects over the past 5 years.
Project Name | TOP | Lease | Size | Price | Psf |
---|---|---|---|---|---|
The Berth by the Cove | 2006 | 99 years | 1,141 - 6,028 sq ft | $1.65M - $7M (Avg $2.62M) | $1,067 - $1,790 (Avg $1,433) |
The Azure | 2008 | 99 years | 1,313 - 3,165 sq ft | $1.8M - $5.2M (Avg $2.97M) | $1,138 - $1,873 (Avg $1,513) |
The Coast at Sentosa Cove | 2009 | 99 years | 1,916 - 4,779 sq ft | $2.95M - $5.3M (Avg $3.7M) | $1,109 - $1,897 (Avg $1,560) |
The Oceanfront @ Sentosa Cove | 2010 | 99 years | 1,216 - 5,985 sq ft | $1.84M - $14.3M (Avg $3.5M) | $1,072 - $2,389 (Avg $1,648) |
Turquoise | 2010 | 99 years | 2,088 - 6,900 sq ft | $2.74M - $9M (Avg $3.62M) | $1,166 - $1,720 (Avg $1,492) |
Marina Collection | 2011 | 99 years | 1,873 - 4,725 sq ft | $3.3M - $7.5M (Avg $5.44M) | $1,421 - $1,887 (Avg $1,764) |
Seascape | 2011 | 99 years | 2,164 - 4,133 sq ft | $3.7M - $9.98M (Avg $5.34M) | $1,089 - $2,453 (Avg $2,026) |
The Residences at W Singapore Sentosa Cove | 2011 | 99 years | 1,227 - 3,348 sq ft | $2.16M - $6.19M (Avg $3.09M) | $1,645 - $1,973 (Avg $1,796) |
Cape Royale | 2013 | 99 years | 1,679 - 4,812 sq ft | $3.53M - $11.02M (Avg $5.19M) | $2,023 - $3,069 (Avg $2,217) |
Seven Palms Sentosa Cove | 2013 | 99 years | 2,723 - 6,792 sq ft | $8.01M - $20.38M (Avg $14.38M) | $2,846 - $3,267 (Avg $3,053) |
Important note: These projects offer either an unblocked or partial view, depending on the unit stack and floor level. Always check with the developer or agent for the most accurate facing and view.
The Berth by the Cove holds The lowest average price at $2.62M with an average psf of $1,433. Meanwhile, Seven Palms Sentosa Cove holds the highest average price at $14.38M with an average psf of $3,053.
More often than not, people purchase these homes for the lifestyle rather than for investment purposes. It's been said that the capital gains in Sentosa don't stack up as well compared to suburban condos. Of course, if your goal is to just enjoy living by the water, you'd probably be happy with what you're getting here, but I just want to keep you informed.
East Coast is slightly better, with it being the best side and all. The housing options are more varied and their performance is more stable too. But the prices are still pretty up there, especially since the new Thomson-East Coast MRT line was introduced. That definitely kept demand strong.
In fact, properties within 500m of Tanjong Rhu (TE 23), Katong Park (TE 24), Tanjong Katong/Amber (TE 25), Marine Parade (TE 26), Marine Terrace (TE 27), Siglap (TE 28), Bayshore (TE 29), the upcoming Bedok South (TE 30), and the upcoming Sungei Bedok (TE 31) stations, stretching along East Coast Park, have appreciated by 57% over the past decade. As you can see, the price psf has recently crossed $2,000, and it will probably continue to get more expensive.
Source: PropNex Investment Suite
The transaction trends aren't any less depressing. Here are the stats of some of the most popular East Coast projects over the past five years, ranked in order (top is most popular).
Project Name | TOP | Lease | Size | Price | Psf |
---|---|---|---|---|---|
The Bayshore | 1997 | 99 years | 926 - 2,067 sq ft | $765K - $2.5M (Avg $1.26M) | $756 - $1,537 (Avg $1,162) |
Seaside Residences | 2021 | 99 years | 420 - 1,733 sq ft | $848K - $4.22M (Avg $1.73M) | $1,566 - $2,667 (Avg $2,082) |
Costa Del Sol | 2004 | 99 years | 947 - 2,540 sq ft | $1.18M - $3.41M (Avg $2.16M) | $893 - $2,102 (Avg $1,535) |
Meyer Mansion | 2024 | Freehold | 484 - 2,142 sq ft | $1.32M - $5.26M (Avg $3.27M) | $2,403 - $3,293 (Avg $2,693) |
Bayshore Park | 1986 | 99 years | 624 - 3,800 sq ft | $635K - $3.41M (Avg $1.32M) | $750 - $1,484 (Avg $1,158) |
Meyer Blue | 2028 | Freehold | 667 - 2,992 sq ft | $2.01M - $10.28M (Avg $3.38M) | $2,984 - $3,569 (Avg $3,233) |
Mandarin Gardens | 1986 | 99 years | 732 - 3,800 sq ft | $710K - $4.48M (Avg $1.76M) | $815 - $1,622 (Avg $1,205) |
Neptune Court | 1975 | 99 years | 1,270 - 1,636 sq ft | $968K - $2.08M (Avg $1.41M) | $762 - $1,271 (Avg $966) |
Coastline Residences | 2023 | Freehold | 452 - 1,130 sq ft | $1.06M - $3.42M (Avg $1.96M) | $2,253 - $3,314 (Avg $2,532) |
Cote D'Azur | 2004
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