• Activity in the GCB market remained healthy in 1H 2019, with 17 units transacted.
  • The average price dropped by 10.1% to $1,367 psf in 1H 2019, marked by smaller deals; with just seven sold in the period having deal sizes greater than $20 mil.
  • Three bungalows in Sentosa Cove were sold in 1H 2019. Prices for Sentosa Cove bungalows were 3.9% lower at $1,732 psf.
  • The average unit price for apartments in Sentosa was $1,488 psf, with the highest psf transacted at $1,847.
  • Average unit prices among luxury apartments were $3,327 psf  for 1H 2019, lower than $2,129 psf in 1H 2018. The highest unit price transacted was $5,125 psf.
  • Sales momentum and prices of luxury apartments are likely to continue for the rest of 2019, on the back of a pipeline of launches and higher land costs.