Buying a Sentosa Cove condominium
Who can buy, what the taxes and loan limits look like, and what day-to-day life at Marina Collection involves. Rules are quoted from their sources; the numbers live in the calculators.
Information last updated · Sources
Condominium units: no approval needed.
A condominium unit is listed by SLA among residential property a foreign person may buy without approval under the Residential Property Act. That includes Singapore citizens, permanent residents, foreigners and companies buying a Marina Collection unit.
Landed residential property at Sentosa Cove requires SLA (Land Dealings Approval Unit) approval; applications are assessed case by case. So the rule that makes Sentosa Cove unusual applies to bungalows and terrace houses on the island, not to apartments such as Marina Collection.
- Marina Collection unit
- No SLA approval for any buyer profile
- Sentosa Cove landed home
- SLA (Land Dealings Approval Unit) approval required for non-citizens
- Source
- sla.gov.sg: Foreign ownership of property ↗ (last updated 2025-08-20)
Two duties, one calculator.
Buyer's Stamp Duty (BSD) is charged on the purchase price in tiers: each slice of the price is taxed at its own rate, so the effective rate rises with the price. Every buyer pays it.
Additional Buyer's Stamp Duty (ABSD) depends on who you are and what you already own. Singapore citizens buying a first home pay none; citizens buying a second or later home, permanent residents, foreigners and entities each pay a different rate. Married couples with at least one citizen may qualify for a remission when replacing a home; conditions apply.
Both are due within 14 days of signing the contract in Singapore. The stamp duty calculator uses the current IRAS tables (checked 2026-11-02) and is prefilled with the lowest three-bedroom asking price.
Calculate BSD and ABSD for your profile ↗Loan limits are set by rule, approval by the bank.
Two limits apply to any housing loan in Singapore. The loan-to-value limit caps the loan as a share of the price (lower for a second loan or a long tenure), and the Total Debt Servicing Ratio caps all your monthly debt repayments as a share of gross income, assessed at a stress-test interest rate rather than the rate you are offered.
For this sale, Financing is subject to the lender's credit assessment and valuation. (as stated in the public campaign summary). An in-principle approval before the preview tells you where you stand; completion is due within 8 weeks of the option, which is shorter than many other completed-property purchases.
Cash and CPF cover the balance above the loan plus stamp duty. The mortgage calculator shows the instalment at your rate and at the stress-test rate, and your TDSR position.
See the payment timeline for a completed bank sale ↗Low-rise, beside the marina.
Marina Collection is a lowrise condominium of 124 residences at 17 Cove Drive, completed in 2011 (TOP 11 March 2011) on a 99 years lease. Three four-storey blocks face the water; the nearest MRT on the mainland is HarbourFront MRT.
- Clubhouse with gym
- Multi-purpose hall
- Lap pool and wading pool
- Jacuzzi
- Pool deck and lawn
- Playgrounds and garden plaza
Find the home that fits your brief.
Tell us your preferred layout, budget and timing, and we will help you narrow down the current options.
Questions about buying here
Do foreigners need approval to buy a Marina Collection unit?
No. The Singapore Land Authority lists condominium units among the residential property a foreign person may buy without approval. Landed residential property at Sentosa Cove is the exception and needs SLA approval.
How is stamp duty worked out for a Sentosa Cove condominium?
Buyer's Stamp Duty is charged on the price in tiers, and Additional Buyer's Stamp Duty depends on whether you are a citizen, permanent resident, foreigner or entity and how many residential properties you already own. The stamp duty calculator on the tools page applies the current IRAS tables.
Where is Sentosa Cove?
Sentosa Cove is the residential enclave on the eastern end of Sentosa island. Marina Collection sits at 17 Cove Drive beside the marina; the nearest MRT on the mainland is HarbourFront MRT.
Where these figures come from
- Published price and tenancy schedule, dated 26 October 2026; asking prices and availability require confirmation. kfdproperty.com ↗
- Public campaign summary: sale dates, completed-property payment terms and maintenance information. kfdproperty.com ↗
- PropNex project page: TOP 11 March 2011, unit mix and project facts. www.propnex.com ↗
- Singapore Land Authority: foreign ownership of residential property (condominium units need no approval; Sentosa Cove landed homes do). www.sla.gov.sg ↗