Breakfast with Ryan Huang, Emaad Akhtar and Audrey Siek (6am-9am)Mind Your Business: Properties at Sentosa Cove have been unprofitable, is it time for a redevelopment?
Sentosa Cove condos, once sold for premiums, have hit below $2,000 psf.
At the recent relaunch of The Residences at W Sentosa Cove Singapore, the average selling price was below $1,800 psf.
It is a bargain compared to new launches on mainland Singapore this year, including those in the Outside Central Region, with one development selling at over the $2,000 psf mark.
With property values on the island showing a decade of declines and capital appreciation as a key factor, the question arises: is this an opportune moment for investment?
We get more insights from Wong Shanting, Head, Research and Market Intelligence, ERA Singapore.
Presented by Audrey Siek
This podcast is produced and edited by Anthea Ng (nganthea@sph.com.sg)
She produces Mind Your Business, Biz-How-To and Breakfast Special segments on the Breakfast Show.
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