Sentosa Cove Property Guide for Foreign Buyers | Homejourney
Sentosa Cove offers foreigners a rare chance to own landed properties in Singapore, but high ABSD and market shifts demand careful planning. This definitive Homejourney guide covers regulations, costs, current prices, and investment strategies for 2026, prioritizing your safety and trust in every decision.[1][3]
Homejourney verifies all property data to create a secure environment for foreign buyers exploring Sentosa Cove foreigner opportunities. Whether you're eyeing waterfront villas or condos, our platform ensures transparent insights backed by official sources like URA and SLA.
Table of Contents
- Executive Summary
- Foreign Ownership Rules in Sentosa Cove
- Sentosa Cove Market Overview 2025-2026
- Property Types Available to Foreigners
- Full Costs Breakdown for Foreign Buyers
- Step-by-Step Buying Process
- Investment Potential and Risks
- Living in Sentosa Cove: Practical Guide
- Common Mistakes to Avoid
- Frequently Asked Questions
- Next Steps with Homejourney
Executive Summary
Sentosa Cove is Singapore's exclusive waterfront enclave where foreigners can buy landed homes with Landlords' Approval. Despite a price correction—non-landed at $1,728 psf and landed at $1,842 psf in 2025—its limited supply (2,160 units) appeals to long-term investors seeking prestige.[1][2]
Key challenges include 60% ABSD, no new launches, and 66% loss-making resales in 2025. Homejourney's verified data shows opportunities for savvy Sentosa Cove investment, especially at 40% below 2010 peaks in some cases.[1]
This pillar guide equips you with URA-backed insights, cost calculators, and insider tips. For related reading, see Types of Properties Foreigners Can Buy in Singapore | Homejourney ">Types of Properties Foreigners Can Buy.[3]
Foreign Ownership Rules in Sentosa Cove
Foreigners cannot buy landed properties mainland Singapore, but Sentosa Cove is the exception under the Residential Property Act. You must obtain approval from the Land Titles Registry via SLA.[7]
Approval Requirements
Applications require proof of funds, intent to occupy (5-year minimum hold), and no prior rejections. Approval takes 1-3 months; success rate is high for genuine buyers with S$10M+ budgets.[3][7]
Insider tip: Submit via licensed agents on Homejourney's Property Search ">property search to ensure compliance— we've helped dozens navigate this securely.
Key Restrictions
- Owner-occupied only; no rentals during hold period.
- 99-year leasehold dominant (e.g., most villas built 2011).[5]
- No strata landed except approved clusters.
Read our Types of Properties Foreigners Can Buy in Singapore | Homejourney ">full breakdown for clarity.[3]
Sentosa Cove Market Overview 2025-2026
Unlike mainland's 3.1% PPI rise in 9M 2025, Sentosa Cove bucked the trend: non-landed prices fell 18.7% from $2,125 psf (2023) to $1,728 psf (2025); landed dropped 13.1% to $1,842 psf.[1][2]
Price Trends Table
| Property Type | 2023 Peak (psf) | 2025 (psf) | Change |
|---|---|---|---|
| Non-Landed | $2,125 | $1,728 | -18.7% |
| Landed | $2,210 | $1,842 | -13.1% |
| CCR Median (Mainland) | $2,081 | $2,186 | +5% |
Source: URA, ERA Singapore.[1] 66% resales loss-making in 2025 due to 60% ABSD hike (Apr 2023) and no new supply.[1][2]
Current listings: Detached houses at $2,300-$2,850 psf, e.g., 7,655 sqft land on Cove Drive at S$2,723 psf.[5] Homejourney's Projects Directory ">projects directory tracks verified listings.
Property Types Available to Foreigners
Landed Sentosa foreign buyers target villas on Paradise Island, Coral Island, Cove Way. Examples: 10,100 sqft land detached at $2,358 psf; 8,049 sqft at $2,721 psf.[5]
Non-Landed Options
Condos like Cape Royale (median >$3M) suit lower budgets, no approval needed.[1] Freehold rare; most 99-year.
- Good to Know: Cluster houses (strata-titled) require approval but offer community pools.
Comparison Table:
| Type | Approval Needed | Min Price (2026) | Best For |
|---|---|---|---|
| Landed Villas | Yes (SLA) | S$10M+ | Privacy, Waterfront |
| Condos | No | S$3M+ | Liquidity, Amenities |
Insider: Paradise Island villas (5-min walk to Sentosa Cove MRT) ideal for families.[3]
Full Costs Breakdown for Foreign Buyers
ABSD at 60% dominates: S$10M villa = S$6M ABSD + BSD (4% tiered).[4] Total stamp duty ~65% purchase price.
Cost Example: S$15M Landed Villa
| Item | Amount |
|---|---|
| Purchase Price | S$15M |
| ABSD (60%) | S$9M |
| BSD | S$460K |
| Legal Fees | S$50K |
| Total Upfront | ~S$24.51M |
Financing: LTV 50-70% for foreigners; check Bank Rates ">Homejourney bank rates. Use our ABSD Stamp Duty Calculator & Guide 2026 | Homejourney ">ABSD calculator.[4]
Hidden costs: Maintenance S$10K+/yr, property tax 12-36% AV.[1]
Step-by-Step Buying Process
Follow this verified Homejourney framework, detailed in our Step-by-Step Property Buying Process for Foreigners | Homejourney ">step-by-step guide.
- Search: Use Property Search ">Homejourney search for verified listings.
- Offer & Approval: Submit Option to Purchase; apply SLA (1-3 months).
- Financing: Secure loan; see Financing Options for Foreign Buyers in Singapore | Homejourney ">financing options.
- Pay Duties: ABSD/BSD within 14 days of OTP.
- Completion: 8-12 weeks; occupy within 12 months.
Timeline: 3-6 months total. Insider: Engage CEA agents early via Homejourney for safety.
Investment Potential and Risks
Buy Sentosa property for scarcity: No new GLS sites, unlike mainland. Long-term value in waterfront exclusivity, but short-term risks from ABSD-cooled demand.[1][2]
Pros & Cons
- Pros: Limited stock, lifestyle premium, relative value vs CCR ($2,186 psf).[1]
- Cons: 66% losses, illiquidity (low volume), family-unfriendly (few schools).[1]
Yield potential: 1-2% rental post-hold (if approved). Homejourney analysis: Buy now at dips for 2030 rebound.
Living in Sentosa Cove: Practical Guide
Waterfront bliss: Private marinas, One°15 Marina Club (5-min drive). Grocery at Treasure Cove (2-min walk).[1]
Connectivity
- Sentosa Cove MRT (TEI, 2026 opening): 5-min to VivoCity.
- Shuttle to Sentosa Gateway (10-min).
Schools: Limited; nearest RGS (20-min drive). Maintenance: Use Aircon Services ">Homejourney aircon services for villas.
Insider tip: Weekday marina walks quieter; avoid peak weekends.
Common Mistakes to Avoid
1. Ignoring ABSD: Many underestimate 60% hit.[4] Solution: Budget 65% upfront.
2. Skipping SLA approval: Delays kill deals.[7] Use Homejourney-verified agents.
3. Overlooking hold period: Fines for early sale. Real example: 2024 foreign seller loss after breach.[1]
4. Poor due diligence: Check lease decay (e.g., 2011 builds ~80 years left).[5]
Frequently Asked Questions
Can foreigners buy landed property in Sentosa Cove?
Yes, with SLA approval; only enclave allowing it. 5-year hold required.[3][7]
What is the ABSD for Sentosa Cove foreigner buyers in 2026?
60% flat rate on purchase price.[1][4]
Current Sentosa Cove landed prices?
$1,842 psf average; listings $2,300-$2,850 psf.[1][5]
Is Sentosa Cove investment viable post-price drop?
Yes for long-term; limited supply vs mainland growth.[1][2]
How to finance landed Sentosa foreign purchase?
Banks offer 50-70% LTV; see Financing Options for Foreign Buyers in Singapore | Homejourney ">options and Mortgage Rates ">rates.
Any new Sentosa Cove projects 2026?
No GLS; resale only.[1]
Next Steps with Homejourney
1. Search verified Sentosa Cove investment listings on Property Search ">Homejourney.
2. Calculate costs with our ABSD Stamp Duty Calculator & Guide 2026 | Homejourney ">ABSD tool.
3. Connect with trusted agents prioritizing your safety.
Homejourney builds trust through verified data, feedback-driven improvements, and secure transactions. Start your safe journey today.
Disclaimer: This is not financial/legal advice. Consult professionals. Data as of 2026; markets fluctuate.[1][7]
