The Big Story: Has Sentosa Cove's luxury properties lost its appeal?

Sentosa Cove was once synonymous with Singapore’s luxury property market. But today, its high-end homes are proving harder to sell at a profit. New data shows that nearly two-thirds of resale transactions between May 2023 and June 2026 ended in losses, while gains among profitable deals have fallen sharply. Landed homes have held up better than condominiums, but they too are facing pricing pressures. With fewer buyers, higher costs for foreign purchasers and ageing leasehold properties adding to the challenges, is Sentosa Cove losing its appeal? On The Big Story, Hongbin Jeong speaks to Alan Cheong, Executive Director of Research and Consultancy, Savills to find out more.See omnystudio.com/listener for privacy information.