Sentosa Cove is Singapore’s only oceanfront residential development and is home to many upscale luxury condominiums. One such condominium is Marina Collection, completed in 2011. Located along Cove Drive, next to ONE°15 Marina Club, Marina Collection is a 124-unit condo with a 99-year-lease that began in 2007. That means about 80 years remain on the lease.
In November 2026, 38 units at Marina Collection, comprising 17 three-bedroom and 21 four-bedroom apartments, have been put up for sale by UOB, with PropNex as the sole marketing agency. The three-bedroom units are between 1,873 and 2,099 sqft, and are priced from $1,301 to $1,407 psf, with absolute prices starting from $2,588,000. The four-bedders range from 2,185 to 2,390 sqft and are priced from $1,269 to $1,396 psf, with prices starting at $2,948,000.
This is more than 20% of the median PSF of other condominiums in the area, such as Cape Royale next door, The Oceanfront @ Sentosa Cove and Seascape, where the median PSF has hovered around $1,800 psf for the past two years.
The tenancy status differs from unit to unit. Some are currently vacant, while others are tenanted with leases expiring between by 2027, though one 3-bedroom unit is till 4Q2028. Buyers should budget for monthly maintenance of $1,734 for a three-bedroom, or $1,951 for a four-bedroom unit. This includes the Sentosa Development Corporation levy.
Why Are Prices So Low
Notably, these prices are for a development where units launched at an average of around $2,750 psf back in 2007–2008. Some units in the current sale are reportedly discounted by up to 56% from their original transaction prices.
To understand why UOB is the seller, you have to go back about 15 years. Marina Collection was developed by Lippo Marina Collection, a subsidiary of Lippo Group, and launched in 2007. Between December 2007 and March 2011, only 42 of its 124 units were sold.
From December 2011 to July 2013, 38 units were sold through two property brokers. UOB disbursed more than $181 million in housing loans for those purchases. Unbeknownst to the bank, Lippo Marina Collection had granted substantial “furniture rebates” of about $1.25 million to $2.39 million per unit. Notably, the purchase prices stated in the option to purchase did not reflect them.
The rebates effectively meant buyers paid little to nothing out of pocket, and UOB had sized its loans against inflated stated prices, breaching the MAS 80% loan-to-value cap in force at the time. By April 2015, all 38 purchasers had defaulted, and UOB repossessed the units. UOB sued in 2014 and, after years of legal wrangling, won in 2026 and was awarded $82.4 million.
How The Pricing Compares To Other Sentosa Condominiums
With a range of $1,269 to $1,407 psf, these Marina Collection units are extremely competitive compared to neighbouring Sentosa Cove projects. Cape Royale has averaged around $2,130–$2,230 psf over the past year, Seascape around $2,160 psf, The Oceanfront @ Sentosa Cove around $2,040 psf, The Residences at W around $1,780 psf, and even the more modest Turquoise around $1,500 psf.
Marina Collection units are relatively large, and their tenancy potential is already proven, with possible gross yields of around 3.5–4%, given Sentosa rents for neighbouring units. Then there’s always the promise of the Greater Southern Waterfront development, which will enhance any property narrative in District 4, including Sentosa and the Harbourfront area. For a homebuyer who has always wanted Sentosa Cove, this is arguably the cheapest entry point.
However, this is a 99-year leasehold property with only 80 years remaining, and most investment buyers would probably think twice, even with such a discount compared to other resale condos in the area. Yet for a lifestyle buyer with no need for near-term liquidity, the pricing is genuinely attractive. This is arguably the most compelling value proposition Sentosa Cove has offered in years. Exclusive on-site viewings by private appointment are taking place this week, allowing inspections of actual units. Official sales bookings begin tomorrow, on 14th November.
Read Also: Neighbourhood Estate Guide: Why Sentosa Cove Is Not For The Faint Hearted
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