Pair of luxury condo units sold for $23.89 mil at Seven Palms Sentosa Cove
The 41-unit Seven Palms Sentosa Cove, by SC Global Developments, has set top benchmark prices on several occasions. (Photo: Samuel Isaac Chua/EdgeProp Singapore)
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Two units stacked vertically at the ultra-luxury beachfront residential development, Seven Palms Sentosa Cove, have changed hands for a combined $23.89 million, scooped up by a Singaporean, Lee Shih Hua.
The purchase price works out to about $2,717 psf based on the combined strata area of 8,794 sq ft.
The transaction was for an apartment on the ground floor and another directly above it on the second floor of the four-storey condo, based on a caveat lodged on Jan 29.
One unit went for about $12.29 million, while another fetched close to $11.60 million, with Lee stated as the purchaser for both units, a property title search shows.
The buyer of both units has a private property address and is Singaporean, URA Realis data shows.
The low-rise project comprises just 41 beach-house residences, each ranging from about 2,700 sq ft to 8,000 sq ft. (Photo: Samuel Isaac Chua / EdgeProp Singapore)
The deal marks one of the lowest psf prices recorded at the 99-year leasehold condominium by SC Global Developments since the project debuted in 4Q2009.
The lowest psf-price transaction at Seven Palms thus far was for a 4,822 sq ft unit that fetched $8.88 million or $1,841 psf in Feb 2019. Next, the second-lowest psf price tag was logged in October 2025, when a 4,607 sq ft apartment changed hands for $12.5 million or $2,714 psf.
Seven Palms has in fact set top benchmark prices on several occasions. The 41-unit development was the first condo at the Sentosa Cove waterfront enclave to book sales of units exceeding the $3,000 psf threshold, and also boasts several tycoons among its homebuyers.
When it was launched in 2009, seven units were sold at prices ranging from $3,091 psf to $3,353 psf. In terms of absolute price quantums, those units went for $8.35 million to $13.9 million. They included three-bedroom apartments of 2,702 sq ft and four-bedroom units of 4,273 sq ft.
In 2012, Seven Palms set a record psf-price high for a 99-year leasehold development at $4,200 psf, when Australian mining billionaire Gina Rinehart reportedly forked out $57 million for two units.
In November 2014, Spanish tycoon Ricardo Portabella Peralta was said to have bought two neighbouring units on the third level of Seven Palms for about $28.55 million or $4,131 psf, based on a combined area of 6,910 sq ft.
The low-rise project, designed by Kerry Hill Architects, comprises just 41 beach-house residences, each ranging from about 2,700 sq ft to 8,000 sq ft. All ground-floor, beachfront and penthouse units come with their own private 10-metre lap pool.
The latest deal marks one of the lowest psf prices recorded at the 99-year leasehold condominium since the project debuted in 2009.
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