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You’ve probably heard: The prices at The Residences at W Singapore Sentosa Cove are being by over 40 per cent. But as great as that may sound, here are a few things that haven’t made their way into some media articles: Now am I saying it’s bad? No, like most Sentosa Cove condos, it’s still considered a prestigious location with lifestyle benefits you can’t get elsewhere.  But some people may be considering this just because the price seems cheap. Prices that start from $1,648 in Sentosa? As even Lentor has prices that have breached the $2,000 psf mark, this may seem like a comparative bargain.  The issue is that if you’re considering this as an investment, the rental rates here may seem to be good – but the high maintenance means the net yield you get back is a lot lower. (Although, do note that the maintenance fees here also include the Sentosa Island charge).  Let’s not forget that when you want to exit you really only have a niche group to target. Sentosa may be a great place if you love the beach lifestyle, but for most Singaporeans or those who have young kids – it may be a tough ask. You would most definitely need to own a car, and travelling in and out may be a bigger nuisance than you might think.  This is the kind of property you should buy when you’re rich enough to not worry about gains, yields, etc. Nevertheless this should really only apply to those who’ve already been eyeing Sentosa for some time, and are willing/aware of the tradeoffs of living on this island – this would certainly be an attractive price.  When it comes to real estate – and not just in Singapore – there’s a connection between wealth and impracticality. (Actually come to think of it, that link exists in any market, period). Once you’re gargling Bird’s Nest, a weird aversion to the general public kicks in:  Suddenly you’ll act like a dozen drug cartels have a personal interest in you, and start living in the most private and inconvenient place you can find. Some place where your landed house is blocked off by hedgerows (thus making it impossible for your food delivery to find you), or where no one bothered by a $32 Grab ride will ever care to visit you. At some point however, this resulted in some people aping the preferences: rich people live in low-density areas where there are no HDB flats – and so, some of us reasoned, anywhere without HDB flats be classy as hell. Having no blocks in view went hand-in-hand with $600 dinners and an overpriced watch. First, it’s been a long time since any property agent has used the “there are no HDB blocks in sight” angle. And if you look at the response to the , it’s been mostly positive: most of the residents I’ve spoken to are actually glad they’ll have more amenities nearby. This is in stark contrast to the property market I knew from the early 2010’s, where the response was more likely to be shock and horror.  “ In fact, in recent conversations, more buyers have started to look for an HDB enclave within walking distance. We seem to have finally come to grips with the fact that “HDB = good amenities.” There’s more likely to be a late night supper place, a coffee shop, a minimart, heck even a McDonald’s. And I think we’re approaching the time when more buyers start seeing nearby blocks of flats as a real plus point.  Follow us on Stacked Homes for news and updates on the Singapore property market.